http://www.engineeringnews.co.za
  SEARCH
Login
R/€ = 13.90Change: -0.06
R/$ = 12.57Change: 0.05
Au 1095.34 $/ozChange: -1.72
Pt 984.00 $/ozChange: 0.00
 
 
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 Tenders Suppliers Directory Research Jobs Announcements Letters Contact Us
 
 
 
RSS Feed
Article   Comments   Other News   Research   Magazine  
 
 
Jul 05, 2012

Joburg develops city ties with Shenzhen

Back
Johannesburg|Shenzhen|Africa|Aggregate|Export|IBM|India|Industrial|Mining|Resources|System|Africa|China|South Africa|USD|Communication Technology|Energy|Finance|Gross Domestic Product|High-tech Hub|Logistics|Manufacturing|Printing|Products|Services|Infrastructure|Li Jiangning|Power|Reginald Pholo|Communication Technology
|Africa|Aggregate|Export|Industrial|Mining|Resources|System|Africa|||Energy|Logistics|Manufacturing|Products|Services|Infrastructure|Power||
johannesburg|shenzhen|africa-company|aggregate|export|ibm|india|industrial|mining|resources|system|africa|china|south-africa|usd|communication-technology-industry-term|energy|finance|gross-domestic-product|high-tech-hub|logistics|manufacturing|printing|products|services|infrastructure|li-jiangning|power|reginald-pholo|communication-technology
© 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
Creamer Media Senior Deputy Editor
© Reuse this Comment Guidelines (150 word limit)
 
 
 
 
 
 
 
 
Other News This Week News
Meyerton-based steel tank manufacturer Structa Technology is currently rolling out a water infrastructure build programme that supports local municipalities, water utilities, schools, hospitals and clinics. As a member of the Structa Group, Structa Technology proudly...
Alternative funding models could be expected to begin coming to the fore in South Africa’s renewable-energy sector as the market becomes more competitive and domestic development finance institutions (DFIs) begin scaling back their direct involvement in projects....
DIMITRI MARKOULIDES An innovation champion must involve employees in innovation projects and keep them updated to enable them to support and drive innovation and create the future of the business
An innovation champion course that trains executives to manage innovation in their organisations aims to help companies grow revenue streams and tap new markets, says business change management consultancy BMGI South Africa innovation practice lead Dimitri...
More
 
 
Latest News
Transnet National Ports Authority CIO Mmutle Lentle
Updated 6 hours ago State-owned enterprise Transnet National Ports Authority’s (TNPA’s) new Web-based integrated port management system (IPMS) went live on July 26 at the Port of Durban, with crude oil tanker Colorado being the first vessel to be brought into the port using the new...
Updated 6 hours ago South Africa’s automotive industry is not in crisis – but there is a very real danger that inertia could see it regress into lightweight assembly rather than claim its place as a globally competitive vehicle manufacturer. Speaking at the National Localisation Indaba,...
Updated 6 hours ago Ahead of the start of construction of the Gibela Rail Transport Consortium’s R1-billion modern manufacturing facility and ancillary supplier business park, in Dunnottar, on the East Rand, the company gathered in excess of 450 aspiring contractors at a sector-specific...
More
 
 
Recent Research Reports
Real Economy Year Book 2015 (PDF Report)
There are very few beacons of hope on South Africa’s economic horizon. Economic growth is weak, unemployment is rising, electricity supply is insufficient to meet demand and/or spur growth, with poor prospects for many of the commodities mined and exported. However,...
Real Economy Insight: Automotive 2015 (PDF Report)
Creamer Media’s Real Economy Year Book comprises separate reports under the banner Real Economy Insight and investigates key developments in the automotive, construction, electricity, road and rail, steel, water, gold, iron-ore and platinum sectors.
Real Economy Insight: Water 2015 (PDF Report)
Creamer Media’s Real Economy Year Book has been divided into individual reports under the banner Real Economy Insight and investigates key developments in the automotive, construction, electricity, road and rail, steel, water, coal, gold, iron-ore and platinum sectors.
Real Economy Insight: Construction 2015 (PDF Report)
Creamer Media’s Real Economy Year Book has been divided into individual reports under the banner Real Economy Insight and investigates key developments in the automotive, construction, electricity, road and rail, steel, water, coal, gold, iron-ore and platinum sectors.
Real Economy Insight: Electricity 2015 (PDF Report)
Creamer Media’s Real Economy Year Book has been divided into individual reports under the banner Real Economy Insight and investigates key developments in the automotive, construction, electricity, road and rail, steel, water, coal, gold, iron-ore and platinum sectors.
Real Economy Insight: Road and Rail 2015 (PDF Report)
Creamer Media’s Real Economy Year Book has been divided into individual reports under the banner Real Economy Insight and investigates key developments in the automotive, construction, electricity, road and rail, steel, water, coal, gold, iron-ore and platinum sectors.
 
 
 
 
 
This Week's Magazine
Meyerton-based steel tank manufacturer Structa Technology is currently rolling out a water infrastructure build programme that supports local municipalities, water utilities, schools, hospitals and clinics. As a member of the Structa Group, Structa Technology proudly...
Alternative funding models could be expected to begin coming to the fore in South Africa’s renewable-energy sector as the market becomes more competitive and domestic development finance institutions (DFIs) begin scaling back their direct involvement in projects....
DIMITRI MARKOULIDES An innovation champion must involve employees in innovation projects and keep them updated to enable them to support and drive innovation and create the future of the business
An innovation champion course that trains executives to manage innovation in their organisations aims to help companies grow revenue streams and tap new markets, says business change management consultancy BMGI South Africa innovation practice lead Dimitri...
Future digital workplaces will require employees to continuously learn new “literacies”, including new media, information and technical skills, to help their company thrive and spur personal growth. Information technology (IT) research firm Gartner, thus, suggests...
Only 25% of large construction projects surveyed in KPMG’s Global Construction Project Owner’s Survey, released in June, were concluded on time and within budget over the last three years. “Every project owner wants predictability when it comes to large projects, and...
 
 
 
 
 
 
 
 
 
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
Subscribe Now for $96 Close
Subscribe Now for $96