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Terence Creamer

Terence Creamer

Terence Creamer is the Editor of Engineering News and a Deputy Editor for Mining Weekly.

He also has editorial responsibility for Polity.org.za and Creamer Media's Research Channel Africa.

Tel: +2711 622 3744

Email: newsdesk@engineeringnews.co.za

South Africa vulnerable to any sharp rise in global rates, World Bank warns

11th October 2017 A quicker and sharper-than-expected normalisation in interest rates in the US could trigger a reversal in capital flows to South Africa, the World Bank’s latest ‘Africa’s Pulse’ warns, adding that any sharp increase in global interest rates could also complicate debt dynamics for sub-Saharan... 

Transnet locomotive corruption probe extended as Parliament gears up for inquiry

9th October 2017 Democratic Alliance (DA) Shadow Minister of Trade and Industry Dean Macpherson is preparing a list of witnesses to appear before a Parliamentary Portfolio Committee for Trade and Industry inquiry into the failure of China South Rail (CSR) to meet local-content obligations as part of its supply of... 

Minister offers snapshot of renewables generation

6th October 2017 Energy Minister Mmamoloko Kubayi reports that, as at the end of July, the combined installed generation capacity of renewable-energy independent power producers (IPPs) stood at more than 3 200 MW across 58 sites. In a reply to a Parliamentary question posed by Economic Freedom Fighters MP... 

Eskom unveils Maritz as latest interim CEO, Dladla returns to Rotek

6th October 2017 The board at embattled State-owned electricity utility Eskom announced on Friday that Sean Maritz had been appointed interim CEO, replacing Johnny Dladla, who himself only took up the position in June, when the previous acting CEO, Matshela Koko, was placed on leave. In a statement headlined,... 

Wits seeks commercial partner for scalable direct current microgrid innovation

6th October 2017 Researchers at the University of the Witwatersrand are aiming to commercialise a plug-and-play DC-microgrid innovation, which is incrementally scalable to any number of power sources, loads and batteries. The direct-current solution has already been proved at a laboratory level through a test-bed... 

Eskom not generating enough cash to cover interest on debt

6th October 2017 A new report analysing Eskom’s financial position warns that the State-owned utility is simply not generating enough cash through operations and electricity sales to cover the interest on its borrowings, which will peak at around R500-billion in the coming three years. However, it also argues... 

‘Rebasing’ for lower Eskom sales to trigger 9.4% hike even before any revenue adjustment

6th October 2017 State-owned electricity utility Eskom has sounded that warning that, even if its allowable revenue is not increased at all for the 2018/19 year, tariffs will still need to rise by 9.4% simply to accommodate a “rebasing” electricity sales volumes when compared with those approved in the third... 

Lack of innovation blamed for SA’s dismal productivity performance

6th October 2017 The World Bank’s tenth and latest South Africa Economic Update points to serious weaknesses in the area of domestic innovation, which it says lies at the heart of a worrying divergence in the country’s productivity performance when compared with both advanced economies and the country’s Brics... 

DBSA promises to ‘step up’ disbursements after big 2016 fall

6th October 2017 The Development Bank of Southern Africa (DBSA) recorded a sharp fall in disbursements to R12.4-billion in 2017, from a record R17.1-billion in 2016, but has promised to "step up" its role as a catalyst of development in 2018, setting a R20-billion disbursement target for the year. The development... 

Sustainability roadmap

6th October 2017 Restoring good governance at Eskom is undoubtedly the most pressing priority for the State-owned utility and arguably among the top five current priorities for government itself. Absent an extraordinary recovery in the group’s credibility, the prevailing trust deficit between Eskom and society... 

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