http://www.engineeringnews.co.za
R/€ = 16.32 Change: -0.07
R/$ = 14.47 Change: 0.00
Au 1201.62 $/oz Change: -5.26
Pt 839.50 $/oz Change: -13.02
 

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

Editorial Insight

Good money after bad?

By: Terence Creamer     16th February 2018 It seems an eternity since there has been anything to be excited about when it comes to South Africa’s most important, and most embattled, State-owned company (SoC), Eskom. Since 2008, the business has lurched from supply crunch to wet-coal chaos, from funding crisis to construction confusion,... 

Disrupting mindsets

By: Terence Creamer     9th February 2018 The main disruption in the global energy milieu over the past five years has been a “disruption in the mindset,” Engie CEO Isabelle Kocher asserted during a recent panel discussion at the World Economic Forum in Davos, Switzerland. In fact, she argued that this shift in thinking (about the role... 

It’s déjà vu all over again

By: Terence Creamer     2nd February 2018 For those of us in the media, Eskom is the gift that keeps on giving. For ten years, hardly a week has gone by without the embattled power utility inspiring a shock headline of crisis, corruption or political intrigue. Had the real and digital ink spilled over Eskom been rain, Cape Town’s... 

Surgery not a Band-Aid

By: Terence Creamer     26th January 2018 Eskom’s debt refinancing is undoubtedly a critical burning platform. The clock is most definitely ticking and the consequences of not closing the immediate financial chasm will be dire not only for the utility, but also for citizens. That said, government is extremely unlikely to allow Eskom to... 

Fix or fail

By: Terence Creamer     19th January 2018 2018 is set to be yet another big year for the South African electricity utility, which has been in the headlines for all the wrong reasons for more than ten years now. Dealing with the fiscal and economic risks posed by Eskom’s current lack of sustainability has to be a top priority. And because... 

2017: Good, bad, ugly?

By: Terence Creamer     15th December 2017 By this time next week, our general dismal assessment of 2017 will either have been confirmed, or entirely overhauled. If Dr Nkosazana Dlamini-Zuma (NDZ) has been elected African National Congress (ANC) president, the national mood will be one of anxiety and depression, notwithstanding the... 

Forced self-correction

By: Terence Creamer     8th December 2017 I could not agree more with Energy Minister David Mahlobo’s recent Parliamentary reply, in which he stated that there was no longer a need to build large power generation units, owing to the availability of low-cost smaller generation alternatives. In response to Economic Freedom Fighters MP... 

Eskom’s tin ear

By: Terence Creamer     1st December 2017 There very were few sharp exchanges during the National Energy Regulator of South Africa’s (Nersa’s) public hearings into Eskom’s 2018/19 revenue application. However, one particular exchange between Nersa CEO Chris Forlee and Eskom interim CEO Sean Maritz stood out. During the first of three... 

Game Changers

By: Terence Creamer     24th November 2017 Without doubt, the problems at Eskom, together with the ongoing debate over nuclear, are making it extremely difficult for South Africans to pay proper attention to some of the game-changing shifts under way in global energy markets – ones that have real and far-reaching implications for this... 

We have a demand problem, Minister 

By: Terence Creamer     17th November 2017 National Energy Regulator of South Africa and Eskom executives will naturally be relieved that hearings into the State-owned utility’s revenue application for 2018/19 have drawn to an end. However, it is somewhat of a pity that Energy Minister David Mahlobo did not have an opportunity to attend.... 

Supply shadow makes way for demand cloud

By: Terence Creamer     10th November 2017 As public hearings into Eskom’s application for allowable revenue in 2018/19 of R219.5-billion enter their final stretch, resistance to the proposed 19.9% tariff hike from April 1 remains as strong as ever. An appeal by acting Eskom CEO Sean Maritz for the National Energy Regulator of South... 

Eskom an enormous risk indeed

By: Terence Creamer     3rd November 2017 While there are very few positives to draw from Finance Minister Malusi Gigaba’s maiden Medium-Term Budget Policy Statement (MTBPS), his acknowledgement that Eskom poses an “enormous risk” to the entire economy is one. “Eskom exposes government to an enormous risk because of the size of its... 

Going fission?

By: Terence Creamer     27th October 2017 We know for certain what President Jacob Zuma’s latest Cabinet reshuffle was not. It was not about South Africa, or about good governance. It was not about doing what is necessary to place the economy back on a growth trajectory. It was not about dealing with the triple scourge of poverty,... 

Lessons from China’s solar surge

By: Terence Creamer     20th October 2017 Last year, when Eskom illegally put the brakes on the country’s hitherto successful renewables roll-out, new solar photovoltaic (PV) capacity around the world grew by 50%, reaching over 74 GW. The International Energy Agency’s (IEA’s) ‘Renewables 2017’ report indicates that the record year for... 

Fiscal storm warning

By: Terence Creamer     13th October 2017 In the World Bank’s tenth and most recent ‘South Africa Economic Update’, the risk of “fiscal slippage” is highlighted as arguably the country’s most worrying immediate downside risk. The report points to signs of revenue under-collection amid ongoing upward expenditure pressures as the 2019... 

Sustainability roadmap

By: Terence Creamer     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... 

Stay woke

By: Terence Creamer     29th September 2017 For all the wrong reasons, Eskom’s profile has remained high despite the stabilisation in electricity supply over the past year and a bit. Most of the current news flow has to do with governance failings and allegations of State capture and corruption. Sadly, the debate about the future structure... 

Tariff push-back

By: Terence Creamer     22nd September 2017 The National Energy Regulator of South Africa (Nersa) has outlined the process it will be following to assess Eskom’s request for a 19.9% tariff increase for the 2018/19 financial year, setting a deadline of October 13 for the submission of written comments. Nersa has approved Eskom’s request to... 

Rolling power plan

By: Terence Creamer     15th September 2017 Energy Minister Mmamoloko Kubayi has confirmed that the Department of Energy (DoE) is “working around the clock” to finalise the updated Integrated Resource Plan (IRP); a document that will outline the direction South Africa electricity mix will take until 2050. From a technoeconomic perspective,... 

Point of no return

By: Terence Creamer     8th September 2017 Hardly a day goes by when there isn’t a new and disturbing headline about governance, or the lack thereof, at one of South Africa’s State-owned companies (SOCs). To be sure, when historians reflect on the President Jacob Zuma-era, the ‘capture for looting’ of the country’s SOCs will be a major... 

No eclipsing integration?

By: Terence Creamer     1st September 2017 For many observers of global political and economic developments, the recent coast-to-coast total solar eclipse in the US would have epitomised the current state of the world: a blocking out of global integration in favour of bellicose nationalism. For some others, however, the shadow cast over... 

Nuclear scenarios

By: Terence Creamer     25th August 2017 For attentive followers of developments in South Africa’s not-always-transparent energy sector, a section in Jackkie Cilliers’ new book, ‘Fate of the Nation: Three Scenarios for South Africa’s Future’, will be of definite interest. The overall aim of the book isn’t to explore the energy sector in... 

Auctions steam ahead

By: Terence Creamer     18th August 2017 South Africa may be on the global sidelines currently with regard to the procurement of new renewable generation capacity, chiefly because of Eskom’s refusal to enter into new power purchase agreements. Nevertheless, as a relatively early adopter (some might even say pioneer) of the auction... 

Progressive moves

By: Terence Creamer     11th August 2017 The decision of the Industrial Development Corporation (IDC) to publish the identities of its new clients, including those officially identified as politically exposed people (PEPs), should be applauded. Such disclosure affects all of the State-owned development finance institution’s funding... 

Fee cushioning?

By: Terence Creamer     4th August 2017 One of the more interesting recommendations contained in the Organisation for Economic Cooperation and Development’s (OECD’s) 2017 economic survey of South Africa relates to how higher education could be financed without posing a risk to fiscal sustainability. The proposal comes amid strong calls... 

Undocumented capture?

By: Terence Creamer     28th July 2017 Arguably one of the most telling statements made at last week’s Eskom results presentation was the public assurance given by interim CEO Johnny Dladla that “no decision would, in future, be taken outside the executive committee meetings. “Whatever decision is taken, it will be a decision that is... 

Growth sapping

By: Terence Creamer     21st July 2017 Only an extreme optimist would have expected policy certainty to emerge from the African National Congress’s (ANC’s) recent policy gathering. The event was primarily about managing the politics of policy, with both factions seeing it as an opportunity to show off their relative strength. The... 

Special deals, again?

By: Terence Creamer     14th July 2017 South Africans will no doubt remember the ugly 2008 standoff between Standard Bank and BHP Billiton over whether Eskom should, in the midst of power shortages, honour a favourable metal-price-linked electricity supply deal with the diversified miner’s aluminium smelters in South Africa and... 

Profound policy implications

By: Terence Creamer     7th July 2017 A newly published academic paper offers something of a valuable signpost for African policymakers as they grapple with the problem of needing to add new electrical capacity at scale in a context of major global technological change – developments that will, undoubtedly, have material implications... 

Gravitational forces of energy transition

By: Terence Creamer     30th June 2017 The focus in South Africa’s electricity sector has shifted in recent times from a debate on the future system design – particularly the role of renewable energy, gas and nuclear in the generation mix – to the poor state of governance at Eskom. However, this should not be interpreted to mean that... 

Damage control mode 

By: Terence Creamer     23rd June 2017 There is now absolutely no question that the country’s toxic politics is dragging the economy down and that most, if not all, the pain is self-inflected. There is also no doubt that, because the most pressing problem is a political one (corrupt politicians and private citizens, who have distorted... 

Out of the ‘shadow State’

By: Terence Creamer     16th June 2017 The stomach-churning #GuptaLeaks revelations have demonstrated in dismaying detail just how far President Jacob Zuma and his allies have veered off the path laid so painstakingly by struggle icons such as Nelson Mandela and Oliver Tambo. Indeed, even if the media reports arising from the leaks... 

Shift in Emphasis

By: Terence Creamer     9th June 2017 A significant shift in emphasis from behaviour to structure appears to be at the heart of proposed changes to South Africa's Competition Act. Economic Development Minister Ebrahim Patel has established an advisory panel to develop the draft amendments, with a view to bolstering South Africa’s... 

‘Hard Brexit’ fallout?

By: Terence Creamer     2nd June 2017 The narrative in South Africa about the possible implications of the UK leaving the European Union (EU) has focused mainly on the possible additional market-access opportunities, particularly for South African agricultural products. Far less attention has been given to the economic implications... 

Contested terrain 

By: Terence Creamer     26th May 2017 So what precisely is radical economic transformation? The answer, in an era of factional African National Congress (ANC) politics, depends very much on the speaker and the audience. Indeed, the definition is more hotly contested than this season’s Premier Soccer League, which ended on a... 

One to watch

By: Terence Creamer     19th May 2017 Government processes for setting the yearly Budget are well established and are held in high regard both domestically and internationally. On one measure – transparency – South Africa consistently appears near the very top of global rankings. For this reason, any change to the process is likely... 

Toxic combination

By: Terence Creamer     12th May 2017 Two core attributes of South Africa during apartheid were State illegitimacy and political and social and intolerance. To recall just how illegitimate the apartheid government was, it is worth revisiting the December 1973 resolution of the United Nations General Assembly, which reaffirmed that... 

Downgrade dichotomy

By: Terence Creamer     5th May 2017 The dichotomy between the negative political and economic narrative in South Africa – precipitated by the March 30 Cabinet reshuffle and the subsequent ratings downgrades by S&P Global Ratings and Fitch Ratings– and the relatively sanguine response of currency, bond and equity markets has been... 

News This Week

more

Business Leader

more

Cartoon

more

Photo of the week

more

Latest Videos and Audio

more

Topics In These Articles

RSS Feed

About

Engineering News is a product of Creamer Media.
www.creamermedia.co.za

Other Creamer Media Products include:
Mining Weekly
Research Channel Africa
Polity

Read more

Subscriptions

We offer a variety of subscriptions to our Magazine, Website, PDF Reports and our photo library.

Subscriptions are available via the Creamer Media Store.

View store

Advertise

Advertising on Engineering News is an effective way to build and consolidate a company's profile among clients and prospective clients. Email advertising@creamermedia.co.za

View options
Free daily email newsletter Register Now
Register Close