http://www.engineeringnews.co.za
  SEARCH
Login
R/€ = 14.14Change: 0.03
R/$ = 11.60Change: 0.05
Au 1193.95 $/ozChange: 19.54
Pt 1215.50 $/ozChange: 24.50
 
 
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|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|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
© 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)
 
 
 
 
 
 
 
 
Other Trade News
Trade Minister Rob Davies
Two United States senators have threatened to try to block South Africa from a lucrative US-Africa trade agreement if Pretoria doesn't lift import duties on cheaper cuts of chicken. South Africa has imposed "anti-dumping" tariffs since 2000 of above 100% on certain...
Trade and Industry Minister Dr Rob Davies
In a bid to curb illegal and harmful substandard products imported into the country, government on Friday destroyed products worth R13.2-million that were found to compromise the safety of consumers with defects that could not be corrected.
The South African Chamber of Commerce and Industry’s (Sacci’s) Trade Activity Index (TAI) remained in positive territory in November, measuring 59 compared with 57 in October, despite electricity supply disruptions in late November, the chamber revealed in its trade...
More
 
 
Latest News
A consortium of nine banks has restructured the financing for the Gebze-Izmir highway project in Turkey to $5-billion, while the maturity was extended to 15 years from a previous seven, banking sources said. The consortium consists of Deutsche Bank and eight Turkish...
Germany's HeidelbergCement has clinched a deal to sell its Hanson Building Products business to private equity firm Lone Star Funds for $1.4-billion to reduce its debt. Up to $100-million of the takeover price will be payable in 2016, depending on the 2015...
Global mining equipment and services provider Sandvik Mining has recently provided one of Africa’s largest contract miners Aveng Moolmans with five diesel-powered drill rigs for use on the Nkomati nickel mine, in the northeast of South Africa, near Machadodorp in...
More
 
 
Recent Research Reports
Liquid Fuels 2014 - A review of South Africa's Liquid Fuels sector (PDF Report)
Creamer Media’s Liquid Fuels 2014 Report examines these issues, focusing on the business environment, oil and gas exploration, the country’s feedstock supplies, the development of South Africa’s biofuels industry, fuel pricing, competition in the sector, the...
Water 2014: A review of South Africa's water sector (PDF Report)
Creamer Media’s Water 2014 report considers the aforementioned issues, not only in the South African context, but also in the African and global context, and examines the issues of water and sanitation, water quality and the demand for water, among others.
Defence 2014: A review of South Africa's defence industry (PDF Report)
Creamer Media’s Defence 2014 report examines South Africa’s defence industry, with particular focus on the key participants in the sector, the innovations that have come out of the sector, local and export demand, South Africa’s controversial multibillion-rand...
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.
 
 
 
 
 
This Week's Magazine
South Africa remains an important manufacturing and export platform for Ford Motor Company, says executive chairperson Bill Ford. However, he adds that other countries on the continent are “becoming interesting”, and that the US carmaker is casting its net wider for...
TO BE PHASED INTO SERVICE The first MeerKAT dish, with another 63 to come
Germany’s Max-Planck-Society (MPG) and the Max-Planck-Institute for Radio Astronomy (MPlfR) are investing €11-million (about R150-million) into South Africa’s MeerKAT radio telescope array programme. The money will be used to design, build and install S-band radio...
Infrastructure spend in sub-Saharan Africa will grow from $70-billion in 2013 to $180-billion by 2025, says PwC capital projects and infrastructure Africa leader Jonathan Cawood. This is one of the findings of PwC’s Capital Projects & Infrastructure report on East...
Private-owned defence and aerospace manufacturer Paramount Group and the Ichikowitz Family Foundation unveiled its Anti-Poaching Skills and K9 Training Academy in Magaliesburg last month.
MATT BARKER Wireless networks should enable users to engage and must provide relevant information to them based on their activity and location
The inclusion of Bluetooth to provide sub-three meter accuracy and heightened functionality for users is one of the ways to change existing wireless networks into engagement networks. An engagement network differs from common wireless networks in that it enables the...
 
 
 
 
 
 
 
 
 
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