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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

Electricity-mix model shows South Africa won’t need to trade off clean for low-cost

23rd February 2017 The steep decline in wind and solar photovoltaic (PV) costs means that South Africa will not need to make the traditional trade-off between investing in either clean or least-cost electricity production, as the “cost-optimal mix” for South Africa is now also the cleanest, research conducted by... 

Gordhan weaves growth into radical economic transformation vision

22nd February 2017 A growing economy makes more rapid transformation possible, Finance Minister Pravin Gordhan argued in a 2017 Budget address set against the backdrop of sluggish economic performance, ongoing rumours about his dismissal and President Jacob Zuma’s call for “radical socioeconomic transformation”.... 

New top tax bracket emerges amid revenue underperformance

22nd February 2017 Finance Minister Pravin Gordhan announced a new top personal income bracket of 45% for taxable incomes above R1.5-million in his 2017 Budget address as part of tax proposals designed to raise the additional R28-billion required to sustain the fiscal consolidation framework promised in previous... 

Aveng to seek shareholder backing for sale of Grinaker-LTA stake to Kutana in March

21st February 2017 Construction and engineering group Aveng will seek shareholder approval before the end of March for the sale of a 51% beneficial interest in Aveng Grinaker-LTA to Kutana Construction, a black economic empowerment company. Aveng has also decided to include Aveng Water in the transaction, along... 

Index points to manufacturing investment recovery despite ‘fragile’ economy

20th February 2017 The Manufacturing Circle Investment Tracker, a quarterly index that tracks investment trends in the manufacturing sector, fell to 58 points in the fourth quarter of 2016 from above 70 points in the prior quarter. Nevertheless, chairman André de Ruyter said the index was still suggestive of an... 

New-look M&R to transfer listing to Diversified Industrials board from Heavy Construction

20th February 2017 Murray & Roberts (M&R) has confirmed that its application to transfer its listing from the ‘Construction and Materials’ sector of the JSE to the ‘General Industrials’ sector has been approved and that the change will become effective from Monday, March 20. From that date, the company will trade... 

Sarec says Eskom dragging its feet in honouring Zuma’s renewables ‘injunction’

17th February 2017 The South African Renewable Energy Council (Sarec) claims that Eskom has yet to issue any updated budget quotes for projects that President Jacob Zuma said in his State of the Nation address (Sona) would proceed, following a protracted impasse that arose as a result of the State-owned utility’s... 

DTI promises fast-tracked support for downstream steel industry

17th February 2017 The Department of Trade and Industry (DTI) insists that measures to support the downstream steel industry in South Africa are a priority for government and are being fast-tracked. In a statement outlining the various interventions undertaken since 2015 to support a primary steel sector wracked by... 

French Finance Minister believes SA’s nuclear contest is still open

17th February 2017 French Minister of Finance and Economy Michel Sapin has urged the South African authorities to adopt a “fully transparent” approach to the procurement of new nuclear capacity, arguing that France is not afraid of transparency, or competition. Speaking through a translator in Pretoria at the... 

Zuma’s renewables order offers some relief amid Sona chaos

17th February 2017 When the Ministers responsible for seeking resolution to the current impasse in South Africa’s renewable-energy sector meet this month, they will be expected to weigh the serious legal and policy implications of backtracking from a Ministerial determination – as well as from one of the country’s... 

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