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Trade

Dr Juanita Maree
Freight forwarders note some progress in tackling logistics crisis, but call for intensification of collaborative efforts
1st February 2024 By: Terence Creamer

The CEO of the South African Association of Freight Forwarders (SAAFF) believes progress is being made in navigating the ‘perfect storm’ of South Africa’s current logistics crisis, which is... 


Itac creates temporary rebate provision for several products
1st February 2024 By: Tasneem Bulbulia

The International Trade Administration Commission of South Africa (Itac) has created a temporary rebate provision for the importation of certain cold-rolled steel and painted steel; a rebate... 


President Cyril Ramaphosa
Ramaphosa says continental market will promote agricultural development, food security as trade begins under AfCFTA
31st January 2024 By: Thabi Shomolekae

President Cyril Ramaphosa said on Wednesday that the start of preferential trade will create great opportunities for growth and development for South Africa and many other African countries.... 


AU’s G20 inclusion, South Africa’s 2025 presidency, present opportunities for the continent
30th January 2024 By: Tasneem Bulbulia

With exogenous and endogenous shocks impacting on Africa countries to varying degrees over the years, and different regions showcasing different levels of macroeconomic resilience, the African... 


Investec logistics head Denys Hobson
Global economic growth expected to stagnate this year
30th January 2024 By: Darren Parker

Global economic growth is expected to be subdued, if not stagnant this year, with global trade also expected to be sluggish, financial services provider Investec reports. According to the World... 


RMB, World Bank's MIGA to extend short-term trade funding for Côte d'Ivoire
29th January 2024 By: Schalk Burger

Financial services group Rand Merchant Bank (RMB) has partnered with the World Bank's Multilateral Investment Guarantee Agency (MIGA) to extend short-term funding support on a trade-backed facility... 


Shipping containers
Collaboration essential for South African exporters to overcome EU carbon border tax
29th January 2024 By: Marleny Arnoldi

As the European Union’s (EU’s) Carbon Border Adjustment Mechanism (CBAM) became effective from October 1 last year, South Africa remains highly vulnerable and will likely pay high amounts of carbon... 


The image depicts compressor motors that had undergone a rapid overhaul
Compressor motors undergo rapid overhaul
26th January 2024

Electromechanical equipment manufacturer and ACTOM division Marthinusen & Coutts Zambia (M&C Zambia) noted, in a press release last month, that a smelter based in the Copperbelt had requested that... 


An image of the Tesla Model Y and a table showing vehicle registration statistics in several European countries
Model Y most registered new vehicle
26th January 2024

Despite not topping the table at the end of October, the Tesla Model Y proved to be the most popular battery electric vehicle (BEV) in Europe, from January through to October 2023, and may continue... 


An image of a heat pump installed by Ecoclean
Heat pump saves manufacturer’s site 169 MWh/y
26th January 2024

According to a recent press release from firm specialising in developing, producing and marketing “forward-looking” machinery Ecoclean, premium car manufacturer BMW has replaced its electric water... 


Magazine cover image
As Cape Town gathering marks 30 years, miners eye new prospects amid disruption
26th January 2024 By: Nadine James

In keeping with its 2024 theme, ‘Embracing the power of positive disruption: A bold new future for African mining’, the Investing in African Mining Indaba is perhaps one of the best examples of... 


A road fright truck on the N3 corridor
Dedicated freight lanes and restricted truck operating hours mooted in draft plan to shift cargo back to rail
25th January 2024 By: Terence Creamer

The Department of Transport (DoT) is canvasing as series of interventions aimed at attracting freight back to South Africa’s struggling rail system from road, which has emerged as the country’s... 


Cattle on a farm in South Africa
Saudi Arabia to import meat from new Brics partner South Africa
25th January 2024 By: Bloomberg

Saudi Arabia will start importing South African beef and lamb products as part of an investment push into the continent’s most developed economy. The kingdom’s Food and Drug Administration lifted a... 


Rows of round steel bars
Downstream companies implore ArcelorMittal South Africa, govt to avoid long steel plant closures
24th January 2024 By: Darren Parker

The South African downstream steel industry has urgently appealed to both steel producer ArcelorMittal South Africa (AMSA) and the government to find immediate solutions that will allow the... 


WEF logo
South African delegation to Davos says it used opportunity to punt investment potential
22nd January 2024 By: Darren Parker

South Africa’s delegation to the World Economic Forum’s (WEF’s) yearly meeting in Davos, Switzerland, from January 15 to 19, led by Finance Minister Enoch Godongwana, has said it used the platform... 


Aerial view of Cape Town and Table Mountain
Wesgro, Standard Bank, facilitate new agricultural export deal with China
22nd January 2024 By: Rebecca Campbell

Western Cape provincial trade, tourism and investment promotion agency Wesgro and Standard Bank South Africa have collaborated to support the conclusion of an export deal worth R300-million a year... 


BLSA CEO Busi Mavuso
South Africa must build renewable energy momentum, and then move on to other sectors – Mavuso
22nd January 2024 By: Schalk Burger

The rapid pace at which South Africa is building renewable energy projects, driven by private sector investment, is viewed as positive in the global context, including at the recently held World... 


UK's Prince Edward to meet Mashatile, conservation activists
19th January 2024 By: Schalk Burger

The Duke of Edinburgh Prince Edward will meet with Deputy President Paul Mashatile at the OR Tambo Official Residence, in Pretoria, as part of Prince Edward's working visit to South Africa from... 


Two women and a baby standing around tap with a gent overseeing it
Huge investment to bring Rwanda water relief
19th January 2024

Development finance institution African Development Bank’s (AfDB’s) board in Abidjan, Côte d’Ivoire, announced last month that it had approved loans of over R4.7-billion to Rwanda, to improve the... 


Trade conditions remained weak in November, December, but more positive outlook anticipated – Sacci
18th January 2024 By: Tasneem Bulbulia

Industry organisation the South Africa Chamber of Commerce and Industry’s (Sacci’s) December 2023 survey on trade conditions indicated a slight improvement in the trading climate for November and... 


Port infrastructure operated by DP World
African trade growth expected to be driven by technology, trade pacts in 2024 – study
16th January 2024 By: Schalk Burger

The Trade in Transition study, commissioned by freight and logistics company DP World, shows that Africa’s business leaders anticipate growth this year, driven by investment in technology to... 


Joburg Chamber of Commerce and Industry opens export, import manager training programme
15th January 2024 By: Schalk Burger

The Johannesburg Chamber of Commerce and Industry (JCCI) has opened applications for its virtual export and import management training programme, which has been specifically designed to develop... 


Trade, Industry and Competition Minister Ebrahim Patel
US agrees preliminary deal with Africa on extending Agoa by ten years, says Patel
12th January 2024 By: Bloomberg

The US has reached preliminary agreement with African nations to extend their preferential trade access by another decade, pending approval by Congress, South Africa’s trade minister said. "We... 


An image of Finance Minister Enoch Godongwana
South Africa to present ‘compelling’ investment case at Davos – Godongwana
11th January 2024 By: Tasneem Bulbulia

South Africa’s delegation to the World Economic Forum (WEF) will present the country’s investment case, which Finance Minister Enoch Godongwana has described as “compelling”, to international... 


Africa’s average rank increases marginally in Global Cities Index
8th January 2024 By: Tasneem Bulbulia

Social, geopolitical and technological transformations are actively disrupting the traditional hierarchy of global cities, creating a more widely distributed geography of opportunity, global... 


Voting papers being handled in Egypt
Egypt's Sisi sweeps to third term as president with 89.6% of vote
20th December 2023 By: Reuters

Abdel Fattah al-Sisi swept on December 18 to a third term as Egypt's President in an election where he faced no serious challengers, calling the vote a rejection of the "inhumane war" in... 


UK to implement carbon levy on imported goods by 2027
18th December 2023 By: Reuters

Britain will implement a new carbon import levy on some products from 2027 to help to protect businesses against cheaper imports from countries with less strict climate policies, the government... 


Itac recommends maintaining duties on clear float glass unframed glass mirrors from Indonesia
11th December 2023 By: Schalk Burger

The International Trade Administration Commission of South Africa (Itac) has recommended maintaining the anti-dumping duties on clear float glass and unframed glass mirrors originating in or... 


A ship carrying containers
Global trade to contract 5% this year
11th December 2023 By: Schalk Burger

The United Nations Conference on Trade and Development (Unctad), in its December 2023 ‘Global Trade Update’, says global trade in goods will decline by about $2-trillion this year, but trade in... 


Three Itac commissioners reappointed until 2028
8th December 2023 By: Schalk Burger

Three International Trade Administration Commission of South Africa (Itac) commissioners Phozisa Mbiko, Wandile Sihlobo and Etienne Vlok, have been reappointed by President Cyril Ramaphosa as... 


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