Natalie Greve

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Natalie Greve

Natalie Greve is Creamer Media Senior Contributing Editor Online for Engineering News and Mining Weekly.

Tel: +2711 622 3744

Email: natalie@engineeringnews.co.za

Inflation likely to hit 6.5% this year – Nomura

22nd January 2016 Financial services group Nomura expects the South African Reserve Bank’s (SARB’s) Monetary Policy Committee (MPC) to hike the interest rate by 50 basis points at its upcoming meeting next week, adding in a statement on Friday that it had updated its domestic inflation forecast to 6.5% in 2016 and... →

African Potash meets with Ugandan President over creation of local fertiliser industry

22nd January 2016 Aim-listed African Potash chairperson Chris Cleverly has met with Ugandan President Yoweri Museveni and a delegation of officials in Kampala, Uganda, to discuss potential opportunities to develop a fertiliser industry in the country, the company confirmed on Friday. “As part of our strategy to... →

Pilot programme set to upgrade lower-tier automotive suppliers

22nd January 2016 Gauteng-based government implementation agency the Automotive Industry Development Centre (AIDC), in collaboration with the United Nations Industrial Development Organisation (Unido) and the International Labour Office (ILO), has launched a pilot programme for the development and application of a... →

M&R's Canadian subsidiary buys project management group

22nd January 2016 Murray & Roberts (M&R) subsidiary Cementation Canada has completed the acquisition of project and construction management services group Merit Consultants International. Merit has worked with global clients in the mining and resource industry, successfully participating in projects in the US,... →

Sub-Saharan African sovereigns face rising financing costs – report

22nd January 2016 Governments in sub-Saharan Africa (SSA) are facing increasingly expensive debt financing, as favourable global and domestic conditions come to an end, ratings agency Standard & Poor's (S&P’s) Ratings Services asserted in a report published on Monday. According to the report, over the past few... →

Eskom to select coal supplier for Arnot station by March

22nd January 2016 Energy utility Eskom is in the throes of reviewing various requests for proposals submitted as part of its hunt for a new coal supplier for the Arnot power station, in Mpumalanga, after the nonrenewal of its coal supply agreement with historical coal partner Exxaro. Eskom’s coal agreement with... →

Company launches container-fitted solar power solution

21st January 2016 Off-grid solar systems provider ePower Holdings has announced the launch of a solar-powered energy solution aimed at the rural market that produces 18 000 W of power from 72 solar panels installed on an unused storage container. The first 40 ft container was now fully operational in Mooiplaas,... →

Property industry joins call to scupper Eskom tariff bid

21st January 2016 As one of the latest organisations to come out in opposition to a tariff hike application by Eskom, the South African Property Owner’s Association (Sapoa) has cautioned that the energy utility’s 16% price hike bid, if approved, would have a considerably negative effect on the South African... →

Chinese economic slump not the precursor to Africa’s demise – Standard Bank CEO

21st January 2016 While Africa-friendly China’s economic growth languishes at 25-year lows, Standard Bank joint CEO Sim Tshabalala has deviated from popular economic opinion which cautions of a devastating knock-on effect of the slowdown on African economies, arguing instead that the Asian powerhouse’s transition... →

Botswana to host Innovation Prize for Africa awards

20th January 2016 Botswana Infrastructure Science and Technology Ministry permanent secretary Dikagiso Mokotedi has welcomed the decision for Botswana to host the fifth Innovation Prize for Africa (IPA) awards, telling a press conference to announce details of the event on Wednesday that the result endorsed the... →

Zuma arrives in Davos to attend WEF

20th January 2016 Leading a South African delegation of seven Ministers and several private-sector chairpersons and CEOs, President Jacob Zuma has arrived in Davos, Switzerland to attend the World Economic Forum 2016. Zuma was confident that the country would be able to present a solid investment case, despite... →

Lack of regional econ diversification stalls Sub-Saharan African job growth

20th January 2016 Against the backdrop of long-standing structural weaknesses, combined with unfavourable and volatile current conditions in the global economy and a lack of regional economic diversification, the creation of productive jobs in sub-Saharan Africa remains a key challenge, a report by the... →

Prices, decline in share value to dent Assore’s H1 earnings

20th January 2016 On the back of lower export selling prices across its product portfolio, a declining share portfolio value and a subsequent impairment, mining holding company Assore expects headline earnings to decline by up to 44.6% to between R548-million and R672-million for the six months ended December 31.... →

Moz tax ruling issued for Manica project sale

20th January 2016 The Mozambique Tax Authority has determined that $698 968.78 in capital gains tax is due and payable at completion of the sale of the Manica gold project, owner Sydney-listed Auroch Minerals has advised. Project buyer Xtract Resources would, pursuant to the sale agreements, pay the sale-related tax. →

W Cape applies for drought relief as national agri losses hit billions of rands

20th January 2016 Reiterating that the drought is likely to cost South Africa billions in trade losses, as well as result in a 42% decrease in national agricultural production, Western Cape Economic Opportunities Minister Alan Winde has made dealing with the impact of the drought his “foremost priority”.... →

JSE to open Cape Town office

20th January 2016 As Cape Town continues to increase its profile as an important hub for South Africa’s financial services industry, the JSE has announced plans to open a new office in the mother city to enhance its service to clients, build and strengthen relationships and provide accessible support to the... →

Eskom tariff hike bid unaffordable, says local govt

20th January 2016 While noting that it supported the financial sustainability of energy utility Eskom, the South African Local Government Association (Salga) has called for this to be achieved responsibly and without detriment to the parastatal’s customers and the public as a whole. This came as the National... →

Kariba dam at risk of collapse, report warns

20th January 2016 Concerns around a “catastrophic” failure of the Kariba dam, between Zambia and Zimbabwe, have again been thrust into the spotlight, as Zambia’s Energy and Water Development Minister last week announced the possible shutdown of its hydroelectric plants, with the dam’s water levels dropping to... →

Mild temps, econ sentiment sends oil demand to new low in Q4 – report

19th January 2016 “Exceptionally” mild temperatures in the early part of the winter in Japan, Europe and the US, coupled with weak economic sentiment in China, Brazil, Russia and other commodity-dependent economies, saw global oil demand growth flip from a near five-year high in the third quarter of 2015, at... →

Bank access to national identification system saving R3.8bn/y – Gigaba

19th January 2016 A joint partnership between the Department of Home Affairs (DHA) and the South African Banking Risk Information Centre (Sabric), which allows banks to verify the identity of their prospective and current clients using the national fingerprint database, has assisted the private banking sector to... →

Malusi Gigaba

Wits, Unilever to pioneer practical work training for engineering students

19th January 2016 In the first corporate-academic partnership of its kind, consumer goods manufacturer Unilever South Africa and the University of the Witwatersrand (Wits) have announced a collaborative skills development programme that aims to provide promising engineering students with practical work experience... →

Aquarius shareholders approve takeover by Sibanye

18th January 2016 Shareholders of Aquarius Platinum have approved a proposed deal that will see the company acquired by fellow miner Sibanye Gold for of $0.195 a share. The transaction, which would be implemented by way of an amalgamation under Bermuda law, needed to be approved by a simple majority of votes cast... →

Liviero appoints new strategic projects division head

18th January 2016 Construction group Liviero has appointed Paul Le Sueur as group executive of its strategic projects division. He would join Liviero from Group Five, where he held various senior positions over the past 30 years. Most recently, Le Sueur was the organisation’s building and housing group executive... →

Energy efficiency tax rebate increased to 95c/kWh

18th January 2016 An amendment to Section 12L of the recently promulgated Taxation Laws Amendment Act, which deals with the energy-efficiency tax incentive, has increased the amount of the deduction from 45c/kWh to 95c/kWh or kilowatt-hour-equivalent of energy saved. The South African National Energy Development... →

Business weighs in on S Africa’s 2016 prospects

18th January 2016 With South Africa expected to narrowly escape a technical recession this year, with economic growth pegged at 1.5% and gross domestic product expansion a marginal 1.7%, the country’s business leaders have added their voices to those expressing concern over the enduring regressive growth trend.... →

Sibanye shareholders approve Rustenburg Platinum Mines deal

18th January 2016 Shareholders of gold miner Sibanye Gold have approved the acquisition of the North West-based Bathopele, Siphumelele and Thembelani mines from Anglo American Platinum (Amplats) subsidiary Rustenburg Platinum Mines. The deal would see Sibanye acquiring the mining operations, two concentrating... →

Sub-Saharan Africa M&A deal value climbs 73% to $66.7bn in 2015

18th January 2016 The value of announced merger and acquisition (M&A) transactions with any sub-Saharan African involvement reached $66.7-billion in 2015, swelling by a hefty 73% on that registered in 2014, estimates from Thomson Reuters and Freeman Consulting have shown. Sub-Saharan African investment banking... →

Yanfolila DFS doubles NPV to $142m

18th January 2016 A definitive feasibility study (DFS) of Aim-listed Hummingbird Resources’ Yanfolila gold project, in Mali, has demonstrated “significant enhancement” to its economics as an openpit, low-cost gold mining operation, the company said on Monday. The study had almost doubled the project’s net present... →

Tariff increase to bolster investor confidence, credit rating, says Eskom

18th January 2016 State energy group Eskom says a “favourable”outcome from public hearings into the parastatal’s application to have its regulatory clearing account (RCA) balance approved could provide much-needed tariff certainty for investors and mitigate possible further ratings downgrades. The National Energy... →

AMSA rights offer undersubscribed

18th January 2016 After announcing in December that it would undertake a R4.5-billion fully underwritten renounceable rights offer, ArcelorMittal South Africa (AMSA) said on Monday that the offer, which closed on January 15, was undersubscribed, with only 68.1% of the offered shares being taken up. In respect of... →

Bennett to head up M&R’s oil and gas business

18th January 2016 Construction group Murray & Roberts (M&R) has appointed Peter Bennett as CEO of its oil and gas business platform and of project services subsidiary Clough, with effect from February 1. He would succeed Kevin Gallagher, who was appointed CEO of Australian oil and gas company Santos, in November. →

S Africa still a viable investment proposition, says Gordhan

15th January 2016 As a delegation of South African Cabinet Ministers and business representatives prepares for the World Economic Forum’s (WEF’s) yearly meeting, to be held next week in Davos-Klosters, Switzerland, Finance Minister Pravin Gordhan has dismissed concerns that domestic political and policy... →

Plastics industry joins water relief efforts amid national drought

15th January 2016 The South African plastics industry has joined the wave of volunteers helping to bring water relief to drought-stricken areas, with the Maitland office of Plastics South Africa (SA) chosen as a collection point for water donations from members of the public and businesses in Cape Town. “Low... →

South African research strengthened through involvement in European Union scheme

15th January 2016 A study of the impacts of South Africa’s participation in the Seventh Framework Programme for Research and Technological Development (FP7) of the European Union (EU) has found it to have strengthened the country’s integration into international research networks, enhancing bilateral cooperation... →

Futurist advocates ‘strategic foresight’ in corporate planning

15th January 2016 United Nations Educational, Scientific and Cultural Organisation chair in futures studies Professor Sohail Inayatullah has touted the adoption of “transformative and strategic foresight” by companies in future scenario planning, telling a workshop that this approach creates flexibility in... →

Central, West Africa a hotbed of infrastructure growth, report finds

15th January 2016 A study into infrastructure development in Africa has pointed to the emergence of Central and North Africa as megaproject hotspots, with 301 transport, energy and power, water and mining projects – denoting investment of $375.4-billion – currently under way on the continent. Drawing from the... →

Services, not manufacturing, Africa’s silver growth bullet – Wooldridge

15th January 2016 While a resurgence in manufacturing in Africa has been popularly touted as the silver bullet that will accelerate the continent’s economic growth prospects, The Economist management editor and columnist Adrian Wooldridge has suggested that Africa’s industrial renaissance may well be scuppered by... →

GE kicks off local production of Transnet locomotives

15th January 2016 Industrial giant GE has started production late last year of the 233 GE Evolution Series locomotives it has been contracted to supply to State-owned Transnet Freight Rail (TFR) as part of its acquisition of 1 064 electric and diesel locomotives from four original-equipment manufacturers. The... →

AB InBev announces $46bn offering to fund SABMiller deal

14th January 2016 Global brewery Anheuser-Busch InBev (AB InBev) subsidiary Anheuser-Busch InBev Finance has completed the pricing of $46-billion in principal bonds to fund a portion of the purchase price for the acquisition of counterpart SABMiller. The remainder of the net proceeds of the offering, which was... →

Emira to undertake R795m overhaul of Bryanston office park

14th January 2016 JSE-listed real estate investment trust, the Emira Property Fund, is undertaking a major R795-million redevelopment of its Knightsbridge Manor office park, in Bryanston, Johannesburg, transforming the development into a P-grade and 4-Star Green Star South Africa-rated office complex. The... →

Healthcare enquiry not a witch hunt, chair assures

14th January 2016 Former chief justice Sandile Ngcobo has worked to assure private healthcare providers that the ongoing investigation into the competitiveness of the sector should not be regarded as a campaign to discredit the industry, telling stakeholders on Thursday that an impending public consultation... →

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