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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
Editorial Insight
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... →
Missing ingredient
By: Terence Creamer 28th April 2017 Before compiling the National Development Plan (NDP), the drafters diagnosed South Africa’s socioeconomic predicament as follows: widespread poverty and extreme inequality persist; too few South Africans are employed; the quality of education for poor black South Africans is substandard; poorly... →
Economic crossroads
By: Terence Creamer 21st April 2017 Unless and until the pall of political uncertainty is lifted, it seems almost futile to debate the changes required to elevate levels of growth and realign the country’s economic structures such that the benefits of higher growth flow progressively to those hitherto “left behind”. Indeed,... →
Incapable State and economic sabotage
By: Terence Creamer 14th April 2017 The decision by President Jacob Zuma to retain in his Cabinet Bathabile Dlamini and Faith Muthambi (albeit with the latter in a new role as Public Service and Administration Minister) brought to mind arguments about the vital relationship between an individual’s competence and her or his ability... →
Manage the transition
By: Terence Creamer 7th April 2017 Nearly every day there is news about a new innovation in electricity generation, storage or efficiency as researchers respond to the pressing challenge of securing more energy, while producing less carbon dioxide. Scientists are continuing to improve the performance of solar panels, old coal... →
‘So far, so good’ allegory
By: Terence Creamer 31st March 2017 When reflecting recently on the state of the UK economy, S&P Global chief European economist Jean-Michel Six likened the optimistic post-Brexit-vote economic commentary to a person jumping out of a 50-storey building and, halfway down, exclaiming: “So far, so good!” The UK economy, Six avers, is... →
Ratings ‘pressure point’
By: Terence Creamer 24th March 2017 While much of 2016 was dedicated to junk avoidance, the risk of a downgrade persists, with both Fitch Ratings and S&P Global to decide this year whether to designate the country as ‘stable’, or to downgrade it to junk. South Africa’s unstable political climate, together with the country’s poor... →
More connected, but more disconnected
By: Terence Creamer 17th March 2017 Few would deny that national and global affairs are more unsettled than they have been for years. Typically, people point to the Brexit vote, or the shock election of President Donald Trump as the most obvious signs of this upheaval. However, the ferment is as visible at home, where it has... →
R150bn small-business opportunity
By: Terence Creamer 10th March 2017 The new Preferential Procurement Policy Framework Act (PPFA) regulations, which will take effect on April 1, have the potential to provide a significant stimulus to small business development in South Africa. The updated rules explicitly allow for a “set aside” in tenders for firms with a certain... →
Taking the gap
By: Terence Creamer 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... →
Contested terrain
By: Terence Creamer 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... →
Watching brief
By: Terence Creamer 17th February 2017 The closure and possible liquidation of an Eastern Cape wind-tower manufacturing facility only four years after it opened raises serious questions about whether business can truly rely on government policy as a basis for making investment decisions. Operations at the plant have been suspended... →
To trade jaw-jaw is always better . . .
By: Terence Creamer 10th February 2017 The backlash against globalisation and scepticism over the benefits of free trade is currently so strong that there is a real risk that countries could retreat into ill-considered and destructive forms of protectionism. In other words, forms of protectionism – sold as patriotism – that undermines... →
Power narratives
By: Terence Creamer 3rd February 2017 Those who have always been cautious about believing what they read arguably possess a genuine edge in this era of ‘alternative facts’ and ‘post-truth politics’. Our skills of discernment are being stretched to the limit amid a social-media explosion, which is rewriting the rules of engagement.... →
Walk and chew gum
By: Terence Creamer 27th January 2017 Much attention is rightly being given to the composition of South Africa’s future electricity generation mix. Warts and all, the much-delayed process of updating the Integrated Resource Plan (IRP) is at least under way. It is also arguably positive that the deadline for comment has been extended... →
Power battle lines
By: Terence Creamer 20th January 2017 The delicate balancing of the factional interests within the African National Congress (ANC) was a significant feature of the National Executive Committee’s 105th anniversary statement. It was even apparent in this seemingly bland section dedicated to electricity, which reads as follows: “South... →
Difficult, but important year
By: Terence Creamer 16th December 2016 Few South Africans are likely to look back on 2016 with much fondness. Nevertheless, it has arguably been an important year for the country and the evolution of democracy. The greater assertiveness of civil society, which made its presence felt in 2015, was consolidated in 2016, warts and all.... →
Plan, but no man
By: Terence Creamer 9th December 2016 South African Reserve Bank (SARB) governor Lesetja Kganyago does little to hide his frustration about the lack of progress in pursuing the structural reforms required to improve South Africa’s growth prospects and deal with its serious unemployment problem. He argues that the National Development... →
Scenario sampling
By: Terence Creamer 2nd December 2016 First the good news. The Department of Energy (DoE) has, finally, released the draft Integrated Resource Plan (IRP) base case for public comment and consultation. Despite what has been an unacceptable delay in updating a plan that is six years out of date, at least South Africans have something... →
Eskom: What now?
By: Terence Creamer 25th November 2016 The fast-moving nature of developments at Eskom following the November 2 release of Thuli Madonsela’s ‘State of Capture’ report, have left many of us expecting the unexpected. To steal a phrase from some post-Brexit and post-Trump commentators, it is as though “all the world’s black swans have... →
Some lessons as Molefe goes
By: Terence Creamer 18th November 2016 Much has been written about the initial response of the Eskom board, its chairperson, Dr Ben Ngubane, and its CEO, Brian Molefe, to the contents of the Public Protector’s ‘State of Capture’ report. All the respondents, including the chairperson of the board subcommittee on social ethics and... →
Rediscovering democracy
By: Terence Creamer 11th November 2016 Since the shocking events of the 9/12 last year when President Jacob Zuma made the fatal error of removing – seemingly with the prior knowledge of his friends outside of government – Finance Minister Nhlanhla Nene in a brazen attempt at “capturing” the National Treasury, there has been something... →
The order is fading
By: Terence Creamer 4th November 2016 A line from American folk singer Bob Dylan’s 1964 classic ‘The Times They Are a-Changin'’ has deep resonance for the position the domestic and international electricity supply industry currently finds itself. Dylan, who was recently awarded the Nobel literature prize (a fact he has scarcely... →
Quick, quick, slow
By: Terence Creamer 28th October 2016 A week, as they say, is a long time in politics. And in South Africa, where there is never a dull political moment, a week can feel like an eternity. However, unlike some other parts of the world where fast-moving political events can lead to overnight change, dramatic news flow in this country... →
Green shoots
By: Terence Creamer 21st October 2016 In a September 22 statement, Business Leadership South Africa (BLSA) reiterated the “grave concern” it had expressed in an earlier open letter to Preside Jacob Zuma about ongoing threats to charge, or even arrest, Finance Minister Pravin Gordhan. However, it also used the statement to urge... →
Africa sliding?
By: Terence Creamer 14th October 2016 Over the past number of years, the Africa Rising narrative has asserted itself. It has been a story of improving economic growth, rising investment and greater democracy. Between 2003 and 2008, sub-Saharan Africa (SSA) enjoyed average yearly growth of 6.8% and was home to many of the... →
Peak trade?
By: Terence Creamer 7th October 2016 Along with the shock announcement that world trade will expand by only 1.7% in 2017, the slowest pace since the financial crisis of 2009, the World Trade Organisation (WTO) highlighted a weakening in the relationship between trade and gross domestic product (GDP) growth. This is significance, as... →
Ethical conduct relies on values and capability
By: Terence Creamer 30th September 2016 The fact that the main lecture hall at the Gordon Institute of Business Science (Gibs), in Johannesburg, was bursting at the seams last week for a discussion on ethics and its importance in driving trust in society and business is a strong reflection of the ‘signs of our times’. While attendance... →
Power trends
By: Terence Creamer 23rd September 2016 In light of recent disruptions in the sector, as well as sharply rising tariffs, electricity remains a hot topic in South Africa. There is an especially heated debate currently under way about what would be the lowest-cost generation mix, particularly in light of the country’s weaker... →
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