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Trade

A container ship travelling through the Suez Canal
Trade to rebound this year, says Unctad
22nd March 2024 By: Schalk Burger

After declines over several quarters, international trade is poised for a rebound this year, the United Nations Conference on Trade and Development's (Unctad's) latest 'Global Trade Update' states.... 


An image DHL Global Forwarding MEA CEO Amadou Diallo
Europe’s energy demand boosts Africa’s importance
22nd March 2024 By: Trent Roebeck

Ongoing geopolitical tensions and conflicts – such as the war between Ukraine and Russia, and trade tensions between China and the US – are increasing the trend of European countries investing in... 


An image of GE Vernova’s Sub-Saharan Africa gas power service MD Kenneth Oyakhire.
Mixed generation necessary for ‘seamless’ energy transition
22nd March 2024 By: Trent Roebeck

The energy transition – in South Africa, Africa, and globally – entails an appropriate mix of energy generation sources, including gas, hydrogen power and renewables, in order to achieve the goals... 


An image of Fluor process director Michiel Baerends
Alternative fuel production to increase during energy transition
22nd March 2024 By: Trent Roebeck

One of the foreseeable local and global energy transition trends in 2024, and beyond, is that of increased production of transport fuels made of vegetable oils and animal fats in the short term,... 


Rail
Transnet chief urges formal comment on Network Statement while acknowledging cool reception to tariff methodology
20th March 2024 By: Terence Creamer

Transnet CEO Michelle Phillips has acknowledged the initial negative reaction to a proposed tariff methodology published for comment by the interim Infrastructure Manager (IM) alongside the... 


Float CEO Alex Forsyth-Thompson.
Fintech startup secures funding from Standard Bank
20th March 2024 By: Sabrina Jardim

Financial services firm Standard Bank has provided an $11-million facility to financial technology (fintech) startup company Float which will use the funds for the ongoing rollout of its... 


Trade, Industry and Competition Minister Ebrahim Patel
64 companies to pledge to procure from black industrialists, says Patel
18th March 2024 By: Darren Parker

During the second Black Industrialists and Exporters Conference to be held later this week, up to 64 large companies are expected to make pledges to procure goods and services from black... 


Trade conditions remain tough – Sacci
13th March 2024 By: Creamer Media Reporter

The South African Chamber of Commerce and Industry (Sacci) says the results from its February survey of trade conditions confirm an ongoing rough trade environment that first began to deteriorate... 


Business Unity South Africa president Mxolisi Mgojo
Mgojo says collaborative efforts will enable Transnet to report higher volumes than initially forecast
8th March 2024 By: Terence Creamer

Business Unity South Africa president Mxolisi Mgojo reports that the collaboration between business and government to turn around the performance of Transnet could result in the struggling... 


Trade & Industrial Policy Strategies senior economist Gaylor Montmasson-Clair
Solar, battery, inverter imports surged to R70bn in 2023 as wind turbines recovered from two-year lull
4th March 2024 By: Terence Creamer

South African imports of solar panels, lithium-ion batteries and inverters climbed to a record $3.8-billion last year, or about R70-billion, while imports of wind turbines began to recover... 


A container ship travelling through the Suez Canal in Egypt
Egypt studies plan to expand Suez Canal to speed up transit time
4th March 2024 By: Bloomberg

Egypt is carrying out a feasibility study on further expanding the Suez Canal in a push to speed up transit times and avert potential blockages in a waterway that carries 12% of global maritime... 


AfCFTA investment protocol has international best practices, dispute settlement annex still outstanding
1st March 2024 By: Schalk Burger

Continental trade bloc the African Continental Free Trade Area (AfCFTA) aims to integrate regional trade blocs to unlock synergies to drive more intra-African trade and enable countries to derive... 


South Africa records R9.4bn trade deficit for January
29th February 2024 By: Sabrina Jardim

Trade statistics for January, released by the South African Revenue Services on February 29, show a preliminary trade deficit of R9.4-billion, an improvement from the R24.4-billion trade deficit... 


TFR train
Business sees appointment of Phillips as key step in accelerating Transnet Recovery Plan
29th February 2024 By: Terence Creamer

Organised business says the appointment of a permanent executive team at Transnet – led by CEO Michelle Phillips, who has been acting in the role since September and who has been with the utility... 


WTO director general Ngozi Okonjo-Iweala led discussions at the organisation's Ministerial meeting in Abu Dhabi this week
India, South Africa block major investment deal at WTO talks
29th February 2024 By: Reuters

India and South Africa have filed a formal objection against an investment agreement at a World Trade Organization (WTO) meeting in Abu Dhabi, blocking its adoption in a move that observers say... 


WTO director general Ngozi Okonjo-Iweala
WTO seeks modest outcomes in Abu Dhabi at 'critical juncture' for global trade
26th February 2024 By: Reuters

Trade ministers from nearly every country in the world gathered in Abu Dhabi on Monday for a World Trade Organization meeting that aims to set new global commerce rules, but even its ambitious... 


dtic to host second Black Industrialists and Exporters Conference
23rd February 2024 By: Sabrina Jardim

The Department of Trade, Industry and Competition (dtic) – in partnership with the Industrial Development Corporation and the National Empowerment Fund – will host the second Black Industrialists... 


Firm looks to diversify recycled product range, seeks new markets
23rd February 2024 By: Lumkile Nkomfe

Germiston-based rubber recycling company Dawhi Rubber Recycling, which has been in the rubber crumb business for 14 years, is conducting research into new innovations such as tyre-derived fuel,... 


metal works with sparks
Metals, engineering output up 1.7% but still far below 2008/9 peak
20th February 2024 By: Darren Parker

While aggregate production in the South African metals and engineering sector increased by 1.7% last year, which is slightly higher than the 1.5% increase in 2022, it remains 18% below where it was... 


H2 gas sign
South Africa looks to Japanese collaboration on green hydrogen development
13th February 2024 By: Darren Parker

The Japan External Trade Organisation (Jetro) this week hosted key South African private and public sector delegates and a high-profile Japanese business delegation at a green hydrogen seminar, in... 


High-profile Japanese delegation to visit South Africa to explore hydrogen potential
9th February 2024 By: Darren Parker

The Japan External Trade Organization (Jetro) in Johannesburg will be hosting a high-profile Japanese business delegation from February 12 to 16. Comprising 27 representatives from various... 


South African flag and R2 coin
Sacci business confidence index shows incremental improvements
8th February 2024 By: Darren Parker

The South African Chamber of Commerce and Industry (Sacci) has revealed that its business confidence index (BCI) for December last year reached a notable 112.1, marking the second-highest level for... 


ArcelorMittal South Africa CEO Kobus Verster
AMSA sees plausible pathway for salvaging longs unit, but ready to reverse closure deferral if urgent progress is not made
8th February 2024 By: Terence Creamer

Steel producer ArcelorMittal South Africa (AMSA) has deferred the wind-down of its long-products business by six months amid widespread concern regarding the detrimental impact of the closure on... 


Standard Bank chief economist Goolam Ballim
Standard Bank not expecting major fiscal slippage despite election pressures
7th February 2024 By: Terence Creamer

Standard Bank chief economist Goolam Ballim does not anticipate “material fiscal slippage” in the 2024 Budget, despite expenditure pressures associated with the upcoming elections, as well as calls... 


Families call for increased efforts to release two SA engineers arrested in Equatorial Guinea a year ago
6th February 2024 By: Tasneem Bulbulia

February 9 will mark one year since two South African engineers, Frederik Potgieter (54) and Peter Huxham (55) - the latter a dual South African/UK citizen - were detained in Equatorial Guinea on... 


petrol pumps
Petrol, diesel prices to go up by more than 70c/ℓ on Wednesday
6th February 2024 By: Darren Parker

Both 93 and 95 unleaded petrol (ULP) and lead replacement petrol (LRP) are going to cost an additional 75c/ℓ from February 7. The cost of diesel is also going to increase. For 0.05% sulphur diesel,... 


Bunker fuels terminal to be developed on a brownfield site at the Port of Richards Bay
Preferred bidder selected for bunker fuels terminal on brownfield Port of Richards Bay site
5th February 2024 By: Terence Creamer

Transnet National Ports Authority (TNPA) has appointed FFS Tank Terminal as the preferred bidder to develop and operate a liquid bulk terminal specialising in bunker fuels on a brownfield site at... 


President Cyril Ramaphosa
We are turning ports around, but it will take time – Ramaphosa
5th February 2024 By: Sashnee Moodley

While the recently launched African Continental Free Trade Area will provide advantages for South African companies, the efficiency and competitiveness of the country’s logistics architecture needs... 


An image showing a World Bank delegation with City of Cape Town representatives at Steenbras
World Bank tours Cape Town’s Steenbras power plant, to augment support
2nd February 2024 By: Tasneem Bulbulia

City of Cape Town Mayoral Committee Member for Energy councillor Beverley van Reenen has hosted a World Bank delegation to the city’s Steenbras hydro pumped storage scheme. The Steenbras plant is... 


Report reveals decline in entrepreneurial activity in South Africa post-pandemic
1st February 2024 By: Sabrina Jardim

According to the latest ‘2023 Global Entrepreneurship Monitor South Africa’ (GEM SA) report, released on February 1, South Africa’s early-stage entrepreneurial activity has declined to below... 


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