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Natasha Odendaal

Natasha Odendaal

Natasha Odendaal is Creamer Media Deputy Editor Online for Engineering News and Mining Weekly.

Tel: +2711 622 3744

Email: newsdesk@engineeringnews.co.za

Absa PMI recovers to 51.5 in May after April slump

1st June 2017 The Absa Purchasing Managers Index (PMI) bounced back above the neutral 50-point mark to 51.5 in May after having slumped to 44.7 in April. While the index recovered from most of April’s losses, the manufacturing PMIs needed to be seen in context of the “extremely negative sentiment” under which... 

Turkcell’s licensing fight with MTN gets go-ahead in South African courts

1st June 2017 Turkish mobile operator Turkcell’s protracted $4.2-billion claim against South African mobile operator MTN is heading for trial in the South Gauteng High Court after years of legal battles over a 2004 telecommunications operating licence bid in Iran. The Turkish rival had brought several... 

Net1 exits Blue Label vendor placement, continues to acquire direct Cell C stake

1st June 2017 Dual-listed Net1 UEPS Technologies on Thursday said it will continue to progress its plans to acquire a 15% direct interest in mobile operator Cell C for R2-billion after cancelling its agreement to subscribe for shares in Blue Label. Net1 had initially committed to subscribe for R2-billion of... 

Connecting the IoT evolution dots

1st June 2017 As technological disruption continues throughout the globe, the evolution of the Internet of things (IoT) is expected to progress in three phases – connect, smart and autonomous – at least according to the vision mapped out by information and communication technology giant Intel. Speaking at an... 

Sasol faces up to air quality challenges of new standards

31st May 2017 As Sasol works to transition its plant operations to meet the new air quality minimum emissions standards requirements, “credible, viable solutions” to its two biggest air quality challenges remain out of reach and the group plans to apply to have the compliance deadline postponed by five years.... 

Tongaat sugar output in recovery after two-year drought

30th May 2017 After two consecutive years of having been impacted by a severe drought, Tongaat Hulett’s sugar production levels across its regions are starting to recover, with the company now edging closer to its full two-million-ton-a-year capacity. Total sugar production is expected to recover over two... 

Reunert posts strong H1

30th May 2017 JSE-listed Reunert is optimistic of continued growth in the new financial year after delivering solid “real growth” during the six months ended March 31. Profit for the period edged up 4% to R469-million, with basic and headline earnings a share steady at a respective 275c and 276c in the first... 

2017 a watershed year for Insimbi

29th May 2017 Insimbi Refractory and Alloy Supplies is no longer the company it was a year ago, with significant changes undertaken in a year described as watershed for the Johannesburg-listed group. During the year ended February 28, the Fred Botha-led company underwent significant changes in its market... 

Banro welcomes safe return of kidnapped employees

29th May 2017 The four employees kidnapped in March while working at dual-listed Canadian gold mining company Banro’s Namoya gold mine, in eastern Democratic Republic of the Congo, have been released after a “long and difficult ordeal”. The company on Monday announced the safe return of its employees, three... 

SACP outraged at ‘pinprick’ MultiChoice settlement

29th May 2017 The South African Communist Party (SACP) on Monday hit out at the Competition Tribunal for issuing a penalty against pay-television operator MultiChoice for price-fixing that was “nothing close to a slap on the wrist”. Last week, MultiChoice’s DStv Media Sales agreed to a R180-million consent... 

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