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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

South Africa needs a water-conscious, water-smart approach to mitigating looming water deficit

20th March 2017 A new report ‘Scenarios for the future of water South Africa’ has revealed how the drought-stricken, water-scarce country needs to transition towards a water-conscious, water smart economy with stronger water governance. In the report unpacking various scenarios, the World Wide Fund for Nature... 

Bushveld secures financing to aid in acquisition of SMC stake

20th March 2017 Aim-listed Bushveld Minerals has secured a definitive sales and marketing agreement with Wogen Resources to aid the financing of Bushveld Vametco’s acquisition of a 78.8% interest in Strategic Minerals Corporation (SMC) from Evraz. Bushveld Minerals announced on Monday that the five-year... 

Sentula narrows H1 headline loss, but basic loss widens

20th March 2017 JSE-listed Sentula Mining expects to report a widened loss a share but a narrowed headline loss a share when it publishes its results for the six months ended December 31. In a trading update, Sentula, which had changed its year-end from March 31 to June 30, said its first-half loss a share was... 

DBSA secures $100m AFD loan facility to support continental activity

17th March 2017 The Development Bank of Southern Africa (DBSA) has secured a $100-million loan facility from the Agence Française de Développement (AFD), earmarked for energy, water, transport and information and communication technology infrastructure across Africa. The DBSA aims to continue to advance... 

Evowood’s Estcourt mill dismisses 434 workers, remains closed after protracted strike action

17th March 2017 Some 434 Estcourt mill workers have been dismissed by hardboard manufacturer Evowood following protracted illegal strike action and a subsequent production stoppage costing the company more than R2-million a day. The workers were dismissed following a disciplinary process and a February 27 Labour... 

Jubilee executes tailings agreement

17th March 2017 Dual-listed Jubilee Platinum has secured access to 1.25-million tonnes of new platinum-bearing surface material at an estimated grade of 2.7 g/t platinum, palladium, rhodium and gold (4E) platinum-group metals (PGMs). The execution of a framework and processing of tailings agreement with PlatCro... 

SA urged to shift tax-incentives focus to more labour-intensive sectors

17th March 2017 The World Bank has again urged South Africa to consider “reorienting” certain investment tax incentives towards more labour-intensive sectors such as construction, manufacturing, agriculture and trade to encourage private investment and bolster job creation in the muted growth environment. This... 

MTN optimistic of turnaround after plunging into the red

17th March 2017 JSE-listed MTN believes it is on the mend and is seeing the first signs of a turnaround after plunging into the red during what it described as the most challenging year in the company's 22-year history. With its Ignite initiative and various other strategies in play, MTN hopes to reverse the... 

Clover says interim performance highlights pressures faced by SA consumers

17th March 2017 As branded consumer goods and beverages group Clover Industries works its way through muted trading and economic conditions, the JSE-listed group is progressing a number of strategies to set it back on a growth path. Unpacking the lacklustre financial results for the half-year ended December 31,... 

Bell Equipment's earnings contract in difficult FY16

16th March 2017 JSE-listed Bell Equipment, emerging from one of the most challenging years in its history, on Thursday said it did not achieve its goal of delivering financially sustainable results in 2016. Hit with tough trading conditions, the discovery of fraud and mismanagement in the group's operation in... 

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