http://www.engineeringnews.co.za
  SEARCH
Login
R/€ = 14.12Change: 0.07
R/$ = 10.90Change: 0.06
Au 1234.93 $/ozChange: -1.99
Pt 1364.00 $/ozChange: -4.00
 
 
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 Contact Us
 
 
 
RSS Feed
Article   Comments   Other News   Research   Magazine  
 
 
Feb 03, 2014

City of Houston looks to woo potential SA energy, trade partners

Back
City of Houston mayor Annise Parker
Photo: Bloomberg
City of Houston mayor Annise Parker
Aviation|Houston|Johannesburg|AECOM|Africa|Baker Hughes|Camac International|CenterPoint Energy|Chevron|Gas|Halliburton|Petrochemicals|Sasol|System|Weatherford International|Africa|South Africa|United States|USD|Energy|Energy Capital|Energy Giants|Energy Sector|Namely Energy|Natural Gas Multinational|Oil|Oil And Gas|Petrochemicals|Petrochemicals Giant|Services|Annise Parker|Genaro Pe|Mario Diaz|Rodney Ellis|Texas
Aviation||Africa|Petrochemicals|System||Africa|||Energy|Oil And Gas|Petrochemicals|Services||
aviation|houston|johannesburg|aecom|africa-company|baker-hughes|camac-international|centerpoint-energy|chevron|gas-company|halliburton|petrochemicals-company|sasol|system|weatherford-international|africa|south-africa|united-states|usd|energy|energy-capital|energy-giants|energy-sector|namely-energy|natural-gas-multinational|oil|oil-and-gas|petrochemicals|petrochemicals-giant|services|annise-parker|genaro-pe|mario-diaz|rodney-ellis|texas
More Insight
© Reuse this



In a bid to deepen the city’s trade relationship with South Africa, business, government and industry representatives from the self-titled “energy capital of the world”, the city of Houston, in the US, have embarked on a one-week trade mission to the country, led by Houston mayor Annise Parker.

Parker, who would lead a delegation on the sidelines of the fifth biennial C40 Mayors Summit, in Johannesburg, noted that there was “great” potential to strengthen the economic ties between the two parties, most specifically in the energy sector. 

Between February 1 and 8, the delegation, which included representatives from energy giants Aecom and CenterPoint Energy, and was sponsored by multinationals Chevron and Halliburton, would meet with high-level government officials and business decision-makers to further boost yearly trade between Houston and South Africa, which totalled $1.3-billion in 2012.

Representatives from Houston-area companies specialising in aviation, property and international trade and investments were also members of the delegation, which would this week host a “Doing Business with Houston” seminar for engagement with the South African private sector and investment community.

“With a strong emerging market like South Africa, it makes sense from both a business and cultural perspective to have strong ties to the area.  I look forward to working with South African leaders to ensure that our city and state are able to continue the solid partnership that has served both so well,” Texas state senator and mission delegate Rodney Ellis noted at a press briefing, in Johannesburg, on Monday.

Houston and South Africa had established cultural and economic ties, with over 370 Houston-based companies reporting business or trade ties with the country.

Of the 214 firms in the Houston region affiliated with subsidiaries in South Africa, 14 were headquartered in Houston, namely energy firm Camac International, oilfield services company Baker Hughes, oil and gas major National Oilwell Varco and oil and natural gas multinational Weatherford International. 

In addition, South African petrochemicals giant Sasol operated two subsidiary locations in Houston.

“Moreover, since 2000, total yearly trade between South Africa and Houston grew at a compound yearly growth rate of 8.9%,” added Ellis.

The Houston Customs District was ranked South Africa’s fifth-largest US gateway for international trade by value, while South Africa ranked as Houston’s thirty-ninth-largest international trade partner by value.

Houston’s exports to South Africa totalled $923.6-million in 2012, while Houston’s imports from South Africa rose 4.8% in the same year to $423.9-million.

In terms of seaborne trade, Houston ranked as South Africa’s fourth-largest US gateway for international seaborne trade, while total seaborne trade between Houston and South Africa totalled $1.2-billion in 2012.

Trade promotion organisation the Greater Houston Partnership International Investment & Trade VP Genaro Peña described Houston’s economy as “diverse and robust”, adding that it “matched up well” with the types of industries being pursued locally.

“We are excited about the growth prospects this trade mission presents us and South Africa. We believe that Houston presents a great opportunity for expanding South African firms looking to do business overseas,” he commented.

Houston Airport System director Mario Diaz added that, as Houston already boasted a strong record of training African aviation professionals from all three major airports in South Africa, the delegation would also pursue engagement with several aviation stakeholders.

"We are looking forward to starting a vigorous dialogue with officials from South African Airways and OR Tambo International Airport while we are in the Johannesburg area. We will also meet with members of the aerospace industry as we continue to pursue our spaceport licence at Ellington Airport, in Texas,” he pointed out.

According to the US Census Bureau, almost 2 200 Houston-area residents were born in South Africa, while almost 1 100 Houston residents had South African ancestry.

Edited by: Tracy Hancock
© Reuse this Comment Guidelines (150 word limit)
 
 
 
 
 
 
 
 
 
Latest News
Updated 7 hours ago Construction on the bus rapid transport stations for Phase 1A of the Rustenburg Rapid Transport (RRT) project was likely to start before the end of the year, with the construction tenders currently being adjudicated, RRT said on Tuesday. Phase 1A of this four-phase...
Hundreds of innovators and entrepreneurs have gathered in Cape Town to discuss how to support more innovation in South Africa in a bid to drive the economy forward. Venture capitalists, dealmakers, entrepreneurs and academics have been mingling at the South African...
South African business leaders were more likely than their global counterparts to encourage creative behaviours and “disruptive processes” to drive innovation, the South African results of the GE Global Innovation Barometer, released on Tuesday, have shown. The 2014...
More
 
 
Recent Research Reports
Road and Rail 2014: A review of South Africa's road and rail infrastructure (PDF report)
Creamer Media’s Road and Rail 2014 report examines South Africa’s road and rail transport system, with particular focus on the size and state of the country’s road and rail network, the funding and maintenance of these respective networks, and the push to move road...
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.
 
 
 
 
 
This Week's Magazine
The board of UD Trucks Southern Africa (UDTSA) has announced the resignation of MD Jacques Carelse.   Long-time UD employee, corporate planning and marketing GM, Rory Schulz, has been appointed as acting MD while the process started to appoint a new MD. The Japanese...
There is a need to start planning another pumped storage scheme in South Africa. Much work has already been done at a site in the Limpopo province and the project was very close to being put out to tender at one stage. In 2008/9 the National Energy Regulator of South...
The Coega Development Corporation (CDC) is preparing to leverage its strategic coastal position to develop the Eastern Cape economy through proposed aquaculture development zones (ADZs), with a proposed R2-billion project aiming to contribute $278-million to the...
Completion of the ongoing construction of the 102 km Zomba–Jali–Phalombe–Chitakale road, in southern Malawi, has been extended from June  to December 15 because of persistent rains and difficulties in paying the contractor. The project is being undertaken by Kuwait's...
The Malawi government has awarded South African firm  Fischer Consortium the  contract to upgrade the Malawi Road Traffic Information System. The Directorate of Road Traffic and Safety Services at Malawi's Ministry of Transport and Public Works says Fischer...
 
 
 
 
 
 
 
 
 
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