http://www.engineeringnews.co.za
  SEARCH
Login
R/€ = 14.24Change: -0.11
R/$ = 10.60Change: -0.08
Au 1307.27 $/ozChange: 4.75
Pt 1485.50 $/ozChange: -3.00
 
 
Note: Search is limited to the most recent 250 articles. Set date range to access earlier articles.
Where? With... When?








Start
 
End
 
 
And must exclude these words...
Close Main Search
Close Main Login
My Profile News Alerts Newsletters Logout Close Main Profile
 
Agriculture   Automotive   Chemicals   Competition Policy   Construction   Defence   Economy   Electricity   Energy   Environment   ICT   Metals   Mining   Science and Technology   Services   Trade   Transport & Logistics   Water  
What's On Press Office Suppliers Directory Research Jobs Announcements Contact Us
 
 
 
RSS Feed
Article   Comments   Other News   Research   Magazine  
 
 
Jul 06, 2012

Joburg develops city ties with Shenzhen

Back
Johannesburg|Shenzhen|Africa|Aggregate|Energy|IBM|Industrial|Resources|System|Africa|China|India|South Africa|USD|Communication Technology|Energy|Finance|Gross Domestic Product|High-tech Hub|Logistics|Mining|Printing|Products|Infrastructure|Li Jiangning|Power|Reginald Pholo|Communication Technology
|Africa|Aggregate|Industrial|Resources|System|Africa|||Energy|Logistics|Mining|Products|Infrastructure|Power||
johannesburg|shenzhen|africa-company|aggregate|energy-company|ibm|industrial|resources|system|africa|china|india|south-africa|usd|communication-technology-industry-term|energy|finance|gross-domestic-product|high-tech-hub|logistics|mining|printing|products|infrastructure|li-jiangning|power|reginald-pholo|communication-technology
More Insight
© Reuse this



Johannesburg has started to share information and ideas with Shenzhen, of China, in a bid to improve trade and economic relations.

City of Johannesburg director of trade and investment Reginald Pholo says the two cities are the economic hubs of their respective countries.

“We are collaborating with Shenzhen to see how they manage special economic zones to improve these in Johannesburg,” he states.

“Johannesburg provides very lucrative business opportunities for Shenzhen and South Africa is our largest export country. We plan to extend services between the two cities and make the relationship more dynamic,” states China consul general Li Jiangning.

Shenzhen has a gross domestic product (GDP) of $85-million per square kilo- metre. The city has a modern industrial system, which features a high aggregate value of the city’s high-tech, finance, logistics and culture industries. These account for more than 60% of its GDP.

Shenzhen is also the high-tech hub of China, with bioscience, software, and new energy, information and communication technology. These industries’ output value increased by 38% last year.

Jiangning notes that Shenzhen is home to many traditional industries with strong growth momentum, such as garments, jewellery, timepieces, furniture, leather, arts and crafts, printing and toys.

“These products enjoy high market shares in China and abroad,” he says.

Shenzhen is an important base for manufacturing and export trade in China, offering global consumers diverse purchasing choices. Multinationals such as IBM, B&Q (previously known as Block & Quayle) and Metro have set up procurement centres in the city.

The city’s export volume was $245-billion in 2011 and its import volume exceeded $168-billion.

Financial institution KPMG reports that, according to forecasters, the African economy is expected to increase by 5% in the next 18 months and its GDP is likely to hit $2.6-trillion by 2020.

The continent has the fastest-expanding labour force in the world as there are more than 500-million people of working age and it is expected to be about 1.1-billion by 2040, which is more than China’s or India’s.

KPMG has identified three main areas of opportunity in Africa, namely infrastructure, resources and consumer demand. Rapid urbanisation demands that governments and cities become globally competitive and the biggest requirements are power, transportation, hospitals and schools.

The current expenditure on infrastructure is half of what it should be, so there is ample opportunity for the private sector to invest.

Consumer demand for Africa’s mining and agricultural resources is increasing. In 2000, there were 11-million cellphone users but today there are 400-million.

Pholo says Johannesburg will bene- fit from its collaborations with Shenzhen and the two cities will become leading trade partners.

Edited by: Martin Zhuwakinyu
© Reuse this Comment Guidelines
 
 
 
 
 
 
 
 
Other News This Week News
Multinational semiconductor chipmaker corporation Intel announced its national campaign to further acquire partners to drive its She Will Connect programme, an initiative that aims to expand digital literacy skills to young women in developing countries, further into...
South Africa's MeerKAT radio telescope array programme should get back on schedule within a few months. This assurance has been given by SKA South Africa (SKA SA) associate director: science and technology Prof Justin Jonas. Early last month, Science and Technology...
The Passenger Rail Agency of South Africa’s (PRASA’s) Metrorail service will remain a subsidised service following its current multibillion-rand rolling stock, station, depot and signalling upgrade programme. PRASA group CEO Lucky Montana has allayed fears that...
More
 
 
Latest News
ANC secretary general Gwede Mantashe
Updated 6 minutes ago Society needs to debate solutions to strikes that last too long, ANC secretary general Gwede Mantashe said on Tuesday. "Such a debate must not be seen as an attack on workers' rights and an affront on the right to strike but rather an important step towards...
Public Enterprises Minister Lynne Brown
Updated 13 minutes ago Public Enterprises Minister Lynne Brown told the Joint Parliamentary Committee on Energy and Public Enterprises on Tuesday that the new Eskom CEO would be appointed within weeks. She said she was “treating the appointment of a permanent CEO with urgency”.
Updated 1 hour 37 minutes ago The first stage of the definitive mining feasibility study (DMFS) for Tanzania-focused mineral exploration and development company Kibo Mining’s Rukwa Coal to Power project (RCPP) would be completed by the end of November, the company reported on Tuesday. Kibo...
More
 
 
Recent Research Reports
Real Economy Year Book 2014 (PDF Report)
This edition drills down into the performance and outlook for a variety of sectors, including automotive, construction, electricity, transport, steel, water, coal, gold, iron-ore and platinum.
Real Economy Insight: Automotive 2014 (PDF Report)
This four-page brief covers key developments in the automotive industry over the past 12 months, including an overview of South Africa’s automotive market, trade figures, production and the policies influencing the sector.
Real Economy Insight: Construction 2014 (PDF Report)
This five-page brief covers key developments in the construction industry over the past 12 months. It provides an overview of the sector and includes details of employment in the sector, infrastructure and municipal spending, as well as insight into companies’...
Real Economy Insight: Electricity 2014 (PDF Report)
This five-page brief covers key developments in the electricity industry over the past 12 months, including details of State-owned power utility Eskom’s generation activities, funding and tariffs, independent power producers and prospects for the sector.
Real Economy Insight: Road and Rail 2014 (PDF Report)
This six-page brief covers key developments in the road and rail industries over the past 12 months, including details of South Africa’s road and rail network and prospects for both sectors.
Real Economy Insight: Steel 2014 (PDF Report)
This four-page brief covers key developments in the steel industry over the past 12 months. It provides an overview of the global and South African steel and stainless steel markets, South Africa’s major steel producers and events that have shaped these markets.
 
 
 
 
 
This Week's Magazine
Multinational semiconductor chipmaker corporation Intel announced its national campaign to further acquire partners to drive its She Will Connect programme, an initiative that aims to expand digital literacy skills to young women in developing countries, further into...
South Africa's MeerKAT radio telescope array programme should get back on schedule within a few months. This assurance has been given by SKA South Africa (SKA SA) associate director: science and technology Prof Justin Jonas. Early last month, Science and Technology...
The Passenger Rail Agency of South Africa’s (PRASA’s) Metrorail service will remain a subsidised service following its current multibillion-rand rolling stock, station, depot and signalling upgrade programme. PRASA group CEO Lucky Montana has allayed fears that...
GARYN RAPSON Contaminated Land Provisions in the National Environmental Management: Waste Act No 59 of 2008 will open the door for court battles to determine who will be held liable for the remediation
The uncertainties around the remediation of affected areas as addressed in the Contaminated Land Provisions in the National Environmental Management: Waste Act No 59 of 2008 will possibly spark litigation and disputes between landowners and businesses, contractors...
South Africa is currently the largest component of the African Development Bank’s (AfDB’s) active portfolio in Southern Africa, comprising 62.5% of the bank’s $7.9-billion exposure to the 12-country region – the second largest beneficiary is Mauritius, which...
 
 
 
 
 
 
 
 
 
Alert Close
Embed Code Close
content
Research Reports Close
Research Reports are a product of the
Research Channel Africa. Reports can be bought individually or you can gain full access to all reports as part of a Research Channel Africa subscription.
Find Out More Buy Report
 
 
Close
Engineering News
Completely Re-Engineered
Experience it now. Click here
*website to launch in a few weeks