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Trade News

Panama opens canal extension amid growth risks, cost battle

By: Reuters     Updated 3 hours ago Panama opened the long-delayed $5.4-billion expansion of its shipping canal amid cheering crowds on Sunday, despite looming economic uncertainty in the shipping industry and a heated battle over billions in cost overruns. At 07:50 (12:50 GMT), the Chinese container ship "Cosco Shipping Panama"... 

Brexit deals 'resilient' South Africa a new complication  

By: Natasha Odendaal     24th June 2016 As the UK’s decision to withdraw from the European Union (EU) this week sent ripples of uncertainty and volatility across an already unsteady global economy, South Africa’s Finance Minister Pravin Gordhan has moved to assure the public of the country’s strong trade ties and resilience. However,... 

Brexit deals 'resilient' South Africa a new complication

France, Switzerland to finance small-scale green energy projects in South Africa

By: Dylan Slater     24th June 2016 An agreement to finance a technical assistance programme to assist banks in financing small scale renewable energy and energy efficiency projects in South Africa was signed on May 26 by the French Agency for Development (AFD) and the State Secretariat for Economic Affairs of Switzerland (Seco).  

Rockwell Automation in BEE deal, moves to new offices

By: Dylan Slater     24th June 2016 Industrial automation and information company Rockwell Automation has expanded its presence in South Africa with the opening of its new offices in Randburg, in Johannesburg, on June 8.  

South Africa, US free-trade agreement discussions on the cards

By: Natasha Odendaal     21st June 2016 The impasse between the US and South Africa over meat exports and imports has highlighted the need for a shift in approach with regards to the negotiations over a free-trade agreement (FTA) when the current African Growth and Opportunity Act (Agoa) expires in 2025. While South Africa gained a... 

South Africa, US free-trade agreement discussions on the cards

South Africa makes most use of Agoa, but still only a fraction of the tariffs

By: Natasha Odendaal     21st June 2016 While South Africa has seemingly made the most use of the duty-free trade benefits with the US under the African Growth and Opportunity Act (Agoa) since inception, the nonreciprocal deal was, for the most part, heavily underused across the continent. While the 15-year-old Act had surged into the... 

South Africa makes most use of Agoa, but still only a fraction of the tariffs

South Africa should ensure small business participation through JVs, FDI investments – Zulu 

By: Mia Breytenbach     20th June 2016 South Africa has to find ways of ensuring that small businesses participate actively in the global market, not just through export facilitation, trade exhibitions and market access opportunities obtained through preferential market opportunities, but also through joint ventures (JVs), foreign... 

South Africa should ensure small business participation through JVs, FDI investments – Zulu
Photo by Duane Daws
Small Business Development Minister Lindiwe Zulu

Davies outlines agricultural benefits from new EU trade deal

By: Terence Creamer     17th June 2016 South Africa is “satisfied” that the recently signed Economic Partnership Agreement with the European Union (EU) will lead to improved market access for some additional South African agricultural products, Trade and Industry Minister Dr Rob Davies said at the weekend, reporting that Cabinet had,... 

Davies outlines agricultural benefits from new EU trade deal
Photo by Duane Daws
Trade and Industry Minister Dr Rob Davies

Exports seen as key to improving prospects for SA capital equipment manufacturers

By: Dylan Slater     17th June 2016 The South African Capital Equipment Export Council (Saceec) says domestic manufacturers of capital equipment stand a better chance of being sustainable in the country’s struggling economy by opening up export channels and liaising with foreign customers to build stronger ties in international... 

Exports seen as key to improving prospects for SA capital equipment manufacturers

Category supply contracts cannot adequately manage indirect costs

By: Nadine James     17th June 2016 Global components distributor RS Components GM Brian Andrew says that although manufacturing companies have realised that they can reduce costs by optimising their maintenance, repair and operations (MRO) procurement, they tend to achieve this by negotiating category supply contracts, which... 

Category supply contracts cannot adequately  manage indirect costs
BRIAN ANDREW The RS Components GM says sufficient price data could save as much as 35% of the total MRO procurement costs

Cooler upgrade enhances production capacity and reliability

By: Nadine James     17th June 2016 Cement manufacturer PPC is reaping the benefits of an upgrade to the cooler on one of the kiln lines at its Dwaalboom production facility, in the North West. PPC group technical services head Niru Govender says there has been a notable improvement in production capacity and the reliability of the... 

Cooler upgrade enhances  production capacity  and reliability
Photo by Bloomberg
QUALITY IS KEY PPC introduced revamped quality control and quality assurance systems as part of its commitment to continuous improvement

Drives company envisions new developments

By: Simon Sonnekus     17th June 2016 The depressed economy and tightened budgets have not diminished the need for quality products, but rather increased demand for German-made products, notes German industrial drives and motors multinational SEW-Eurodrive. SEW-Eurodrive MD Raymond Obermeyer indicates that although mining and mineral... 

Drives company envisions new developments
RAYMOND OBERMEYER German products are synonymous with quality and innovation, as they continuously produce high-quality products

Exports seen as key to improving prospects for SA capital equipment manufacturers

By: Dylan Slater     17th June 2016 The South African Capital Equipment Export Council (Saceec) says domestic manufacturers of capital equipment stand a better chance of being sustainable in the country’s struggling economy by opening up export channels and liaising with foreign customers to build stronger ties in international... 

Exports seen as key to improving prospects for SA capital equipment manufacturers

Internet of Things impacts on manufacturing

By: Nadine James     17th June 2016 Research shows that smart devices like machine sensors, radio-frequency identification readers and video cameras – connected to the Internet and the Cloud, and communicating in real time – are impacting significantly on factory-floor production and distribution processes worldwide. Enterprise... 

Internet of Things  impacts on  manufacturing
KEVIN DHERMAN SYSPRO's chief innovation officer says the Internet of Things is causing a shift in manufacturing

Manufacturing Indaba continues to deliver despite economic climate

By: Nadine James     17th June 2016 The Manufacturing Indaba, which takes place on June 28 and 29 at Emperors Palace in Ekurhuleni, Gauteng, has shown consistent growth over the past three years in terms of attendance and scope, despite tough economic conditions, says Manufacturing Indaba MD Liz Hart. Even with companies scaling... 

Manufacturing Indaba continues to deliver  despite economic climate
ROB DAVIES AND BRUCE STRONG The Trade and Industry Minster Rob Davies will be addressing a press conference on day one of the Manufacturing Indaba

Metals fabricator hosts industry stakeholders

By: Nadine James     17th June 2016 Sheet metal fabricator Fabrinox welcomed manufacturing industry stakeholders to its Paarl premises for its 2016 Manufacturing Industry event, held last month. The open day included factory tours, exhibits by key Fabrinox suppliers and partners, and a presentation that was designed to inform and... 

Metals fabricator hosts  industry stakeholders
ANDRE VISSER The Fabrinox MD believes companies should form partnerships with associations and industry bodies as this ensures they are aware of advances and opportunities

Piping fabricators assist in Sasol projects

By: Nadine James     17th June 2016 Pressure vessels and piping fabrication specialists and construction fabrication consortium Hydra Arc Group, is one of the subcontractors assisting with the construction of an air separation unit for energy and chemicals company Sasol. The project’s main contractor, multinational gas and services... 

Piping fabricators  assist in Sasol projects
D DAY Hydra Arc delivered preassembled plant modules to Sasol’s Secunda complex for the Coal Tar Filtration East project

Prioritise labour-intensive industries – EU Chamber

By: Nadine James     17th June 2016 The European Union Chamber of Commerce and Industry in Southern Africa (EUCCIISA) believes that the manufacturing sector and the Department of Trade and Industry (DTI) should prioritise less complex, labour-intensive production – as opposed to high-end, high-precision production –  to increase... 

Prioritise labour-intensive industries – EU Chamber
Photo by Bloomberg
DRIVING GROWTH? Industry stakeholders call for greater public-private engagement and warn against prioritizing high-end high-precision industries

South African problems pose difficulties for German companies

By: Simon Sonnekus     17th June 2016 German companies aiming to enter the South African market in the near future will face several adversities, including visa regulations, a weakening currency and stringent regulations, says the Southern African–German Chamber of Commerce and Industry (SAGCC). Germany, South Africa’s biggest... 

Protesting firefighters showed courage against exploitation – Numsa

By: News24Wire      16th June 2016 South African firefighters who went on strike in Canada were 'ruthlessly' exploited, the National Union of Metalworkers of SA (Numsa) said on Thursday. "[Numsa] warmly congratulates the 301 fire-fighters who protested at the way they were being ruthlessly exploited while they were courageously... 

Protesting firefighters showed courage against exploitation – Numsa
Photo by Air Canada
Work on fire firefighters arrive in Canada

Entrepreneurs need greater access to funding – BBC CEO

By: Anine Kilian     15th June 2016 Access to funding and finding equity to progress their ideas from concept to roll-out remained a challenge for South African entrepreneurs, Black Business Council CEO Mohale Ralebitso said on Tuesday. “The ‘own contribution’ component [for entrepreneurs and start-ups] is a major challenge that we... 

Entrepreneurs need greater access to funding – BBC CEO

South Africa's current account deficit widens in Q1 as exports slump

By: Reuters     14th June 2016 South Africa's current account deficit widened in the first quarter of 2016 as exports slumped despite a recovery in the global prices of commodities and a weaker rand, the central bank said on Tuesday. The current account deficit widened to 5% of gross domestic product in the first quarter from... 

EU, six SADC countries sign Africa’s first EPA following more than a decade of ‘tough’ talks

By: Terence Creamer     10th June 2016 Following more than ten years of “tough” negotiation, the European Union (EU) and six Southern African countries, including South Africa, signed an Economic Partnership Agreement (EPA) in Botswana on Friday, June 10. The deal seeks to build on an existing €60-billion-a-year trade relationship,... 

EU, six SADC countries sign Africa’s first EPA following more than a decade of ‘tough’ talks

Another multimillion-rand expansion at Coega IDZ

By: Dylan Slater     10th June 2016 State-owned company for the development of 11 500 ha of industrial land in Port Elizabeth, the Coega Development Corporation (CDC), last month announced a R22-million expansion project by agroprocessing company Dynamic Commodities to be developed in Zone 3 of the Coega industrial development zone... 

Another multimillion-rand expansion  at Coega IDZ
MULTI-USER FACILITY A multi-user facility worth R86-million was recently launched in Zone 3 of the Coega industrial development zone

Company affirms commitment to sustainability in Africa

By: Dylan Slater     10th June 2016 Executives from chemicals, materials, agrosciences and plastics company Dow reassured African clients that the company’s commitment to servicing the continent will remain and grow sustainably, as flexible plastic packaging can play an important role in spurring economic development and supporting... 

Company affirms commitment to sustainability in Africa
CONSISTENCY Dow aims to ensure that the quality of goods received by the end-customer is consistent

Five themes affecting global factory automation

By: Nadine James     10th June 2016 Industrial systems consultants Architects Integrating Industry South Africa (AI2SA) MD Petrus Klopper notes that there are five key themes affecting factory automation globally. He notes that while it is difficult to identify singular trends it is possible to group the key developments that are... 

Five themes affecting global factory automation
PETRUS KLOPPER Automation refers to the instrumentation and control equipment, systems and processes in industrial applications

New best-in-class industrial robots launched this year

By: Nadine James     10th June 2016 Industrial automation solutions supplier Omron launched 49 new best-in-class Adept Robots in April. The robots – now available in 39 countries; including South Africa –  are integrated with Omron sensors, safety components and machine automation controllers that were all designed to simplify the... 

New best-in-class industrial robots launched this year
RISE OF THE MACHINES The robots' applications are relevant to most packaging lines

Software solutions enabling digital disruption will drive growth

By: Nadine James     10th June 2016 Manufacturers looking to improve their efficiencies and stimulate growth by obtaining new technology should search for a solution that enables their businesses to adopt disruptive technologies, says global software company SYSPRO. SYSPRO chief innovation officer Kevin Dherman explains that... 

Software solutions enabling digital disruption will  drive growth
KEVIN DHERMAN Digital disruption is characterised by capturing the existing market share, like the Uber's transport application redefining the taxi industry

Wireless connectivity fundamental to infrastructure development

By: Nadine James     10th June 2016 Multinational networking equipment manufacturer Ruckus Wireless sub-Saharan Africa sales director Riaan Graham says Wi-Fi and connectivity will play an integral role in infrastructure and socioeconomic development. Connectivity broadly refers to the ability to access what is required – whether it... 

World our oyster, says Bidcorp CEO after unbundling and listing

By: Mia Breytenbach     10th June 2016 Following the listing on the Johannesburg Stock Exchange (JSE) of international broad-line foodservice group Bid Corporation Limited (Bidcorp), which houses the international and local foodservice operations and assets unbundled from Bidvest Group Limited, at the end of last month, Bidcorp CEO... 

World our oyster, says Bidcorp CEO after unbundling and listing
Photo by Duane Daws
INVESTMENT INROAD There are currently eight companies in the Johannesburg Stock Exchange food retailers and wholesaler sector with a market cap of about R220-billion

African countries need greater collaboration on infrastructure development, empowering women

By: Ilan Solomons     9th June 2016 Infrastructure sharing can greatly assist in developing African countries and can also save billions of dollars in costs, African Union Commission (AUC) infrastructure and energy commissioner Dr Elham Mahmood Ahmed Ibrahim told delegates at the Infrastructure Africa conference, in Johannesburg,... 

African countries need greater collaboration on infrastructure development, empowering women
Geraldine Joslyn Fraser-Moleketi, Tas Anvaripour and Dr Elham Mahmood Ahmed Ibrahim

South Africa not immune from ‘Brexit’ fallout – economist  

By: Terence Creamer     2nd June 2016 The outcome of the ‘Brexit’ referendum on Thursday June 23 is not of mere academic interest to South Africa and could have real consequences for the country’s trade relations with both Britain and the European Union (EU), academic economist Professor Peter Sinclair, of the University of... 

South Africa not immune from ‘Brexit’ fallout – economist
Photo by Duane Daws
Professor Peter Sinclair

Bidcorp lists on JSE, creates platform for growth 

By: Mia Breytenbach     30th May 2016 International broad-line foodservice group Bid Corporation Limited (Bidcorp), which houses the international and local foodservice operations and assets unbundled from Bidvest Group Limited, has listed on the Johannesburg Stock Exchange (JSE) in an attempt to facilitate future growth. Speaking at... 

Bidcorp lists on JSE, creates platform for growth
Photo by Duane Daws
Johannesburg Stock Exchange

DTI hopeful of continental free trade area agreement conclusion in two years

By: Natasha Odendaal     27th May 2016 South Africa’s Department of Trade and Industry (DTI) is hopeful of concluding the continental free trade area agreement within two years to facilitate Africa-wide ease of trade among country peers. Speaking on the final day of the Southern African Metals and Engineering Indaba, held in Sandton,... 

DTI hopeful of continental free trade area agreement conclusion in two years
Photo by Duane Daws
DTI chief director for Africa multilateral economic relations Wamkele Mene

Company distributes stainless steel safety hinge solution

     27th May 2016 The Leuze S420  stainless steel safety hinge switch, available from South African sensor solutions provider Countapulse Controls, offers an ideal solution for mechanically and hygienically challenging applications such as the food and beverage, pharmaceuticals or cosmetics industries. It is... 

Company distributes stainless steel safety hinge solution
LEUZE S420 A reliable and long-lasting solution that combines the safety switch and door hinge functions in a single component

Company launches new range for machining stainless steel

     27th May 2016 Last month, tooling manufacturer Dormer Pramet launched a new range of turning, milling, and support tools for machining stainless steel, including larger diameter cutters,  and wiper inserts. Dormer Pramet application specialist Ricky Payling explains that the exponential growth of stainless... 

Company launches new range for machining stainless steel
CARBIDE BURRS Dormer Pramet has introduced a new range of carbide burs for machining stainless steel

Disused Saldanha quarry emerging as new liquid petroleum gas hub

By: Dylan Slater     27th May 2016 A liquid petroleum gas (LPG) terminal and import infrastructure are being constructed by energy infrastructure company Sunrise Energy, in Saldanha Bay, in the Western Cape, to curb historical LPG shortages and meet potential future requirements for gas-fired power plants and other industrial... 

Disused Saldanha quarry emerging as new liquid petroleum gas hub
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