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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

Taking the gap

3rd March 2017 Like a Mamelodi Sundowns striker against a hapless Orlando Pirates defender, Finance Minister Pravin Gordhan skilfully took the gap left by President Jacob Zuma in defining what is meant by “radical socio-economic transformation”. Only days earlier the President had a real opportunity to use the... 

Government won’t allow poultry industry to be ‘decimated’ - Davies

2nd March 2017 Trade and Industry Minister Dr Rob Davies is adamant that government will not stand by while its poultry industry is “decimated”, but acknowledges that there are also issues of industry competitiveness that should be addressed. Speaking this week during the Economic Sectors, Employment and... 

Changes to procurement rules open R150bn opportunity for small firms – Zulu

28th February 2017 Changes to South Africa’s preferential procurement regulations, which take effect on April 1, will open a R150-billion opportunity for small businesses and cooperatives, Small Business Development Minister Lindiwe Zulu has acknowledged. The Minister revealed the figure during the Economic... 

Deadlock broken between Eskom and IPPs, Joemat-Pettersson insists

28th February 2017 Energy Minister Tina Joemat-Pettersson says the “deadlock has been broken” between Eskom and the renewable-energy independent power producers (IPPs), with the National Energy Regulator of South Africa (Nersa) confirming its willingness to consider an application from the State-owned utility... 

Sasol says relations with Moz in ‘good space’ as new oil-find notice is issued

27th February 2017 Sasol joint president and CEO Stephen Cornell has described the group’s relations with the Mozambique government as being in a “good space”, despite the country’s current fiscal difficulties, as well as periodic criticism that the country is not benefiting fully from the South African energy and... 

Stronger rand flagged by Sasol as a key earnings risk for second half

27th February 2017 Fuels and chemicals group Sasol has cautioned that ongoing rand/dollar volatility could pose an earnings risk for the second half its 2017 financial year, but reports that hedges are already in place to protect it from any downward oil price pressures. The JSE-listed group reported a 38% fall in... 

Tax administration developments ‘deeply disturbing’, Davis warns

24th February 2017 Judge Dennis Davis, who heads Davis Tax Committee, set up in 2013 to assess South Africa’s tax policy framework, has added his voice to concerns about the state of tax administration in South Africa, particularly in light of the R30-billion under-recovery in 2016/17 relative to the estimate... 

Construction sector ‘will never be the same’ in wake of transformation pledge

24th February 2017 Government and the seven leading construction companies reported further progress last week regarding the implementation of a voluntary agreement that seeks to materially accelerate the racial transformation of the South African industry and raise the combined revenue attributable to black... 

Steel group keen to tap power tariff deal as Eskom mulls ‘incentive pricing’

24th February 2017 Steel producer ArcelorMittal South Africa (AMSA) is optimistic that Eskom, with the support of the energy regulatory, could extend pricing incentives to it and other energy-intensive businesses in light of its surplus position and government’s appeal for interventions to reignite growth in the... 

Contested terrain

24th February 2017 While the recent chaos-ridden State of the Nation address was long on rhetoric and short on detail (as well as new ideas), President Jacob Zuma nevertheless arguably succeeded in placing the concept of ‘radical socio-economic transformation’ at the centre of the current economic and business... 

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