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Sep 19, 2014
President Jacob Zuma would next month officially launch the Dube Tradeport, in Durban, as an industrial development zone (IDZ), the Department of Trade and Industry (DTI) announced on Friday. At the launch event, which was scheduled to take place on October 7, the...
Sep 19, 2014
Egypt must strip back bureaucracy to attract investment in its planned second Suez canal and bring in new laws making it easier for companies to get licences and land, a legal firm linked to the project said. Egypt plans to build the new canal alongside the existing...
Sep 19, 2014
MODULAR APPROACH Johnson Controls’ modular system can be grouped with up to eight mini-chillers that are either 40 kW, 60 kW, 80 kW, 100 kW or 140 kW
Technology group Johnson Controls launched its mini-chiller heating, ventilation and air-conditioning (HVAC) solution, which can be used in series as a modular solution, in May this year. Johnson Controls building efficiency GM Neil Cameron notes that the South...
Sep 19, 2014
Global energy management specialists Schneider Electric announced at its Xperience Efficiency event in Johannesburg, which took place last month, that the new range of Zelio temperature controllers and accessories is now available to the South African market. These...
Sep 16, 2014
Inga dam, DRC
South Africa is committed to working closely with the Democratic Republic of Congo (DRC) to strengthen and deepen bilateral trade relations and to develop the country’s economy, Department of Trade and Industry (DTI) acting deputy director-general Yunus Hoosen said...
Sep 16, 2014
Egypt has raised the $8.5-billion it needs to fund a project to expand the Suez Canal, the central bank governor told State television on Monday. Hisham Ramez told Al-Hayat TV that the funds had been raised in just eight days after banks issued investment...
Sep 15, 2014
Tanzania signed a $565-million deal on Friday with the World Bank and other development partners to expand its main port of Dar es Salaam, part of plans to boost the east African nation's role as a regional trade hub. Tanzania wants to lift capacity to 28-million...
Sep 12, 2014
Specialist wire supplier Nockers Engineering Products notes that the manufacturing decline, which started in all local sectors in 2002 has either led to industry consolidation or company closure. “Many local component manufacturers have become importers of finished...
Sep 12, 2014
Sep 11, 2014
Article contains comments
Sep 11, 2014
Sep 10, 2014
Article contains comments
 
 
 
Sep 10, 2014
The South African Chamber of Commerce and Industry’s (Sacci’s) seasonally adjusted Trade Activity Index (TAI) contracted by four index points for the second consecutive month in August, ending the month at 43 points – nine points below the seasonally adjusted TAI of...
Sep 05, 2014
A high-level UK delegation will arrive in the country next week for a visit that will  focus on strengthening commercial opportunities, science and innovation, skills development and education relations with South Africa. The delegation will be led by the Mayor of...
Sep 05, 2014
In a drive to create market access for South African products and services in the South-East Asia market, the Department of Trade and Industry (DTI) will, later this month, lead a business delegation comprising 17 South African companies on an outward selling mission...
Sep 05, 2014
Worldwide, aviation safely transports more than three billion people a year. It is, as the International Air Transport Association (IATA) points out, the safest form of transport there is. Everywhere, aviation has become a key factor in economic growth. Africa is no...
Sep 05, 2014
Established in 2014 through the merger of South Africa’s two leading industrial packing solution entities, PackSolve is the largest diversified industrial packaging group in the Southern African Development Community. The company, which has an order book of...
Sep 05, 2014
The South American country of Peru has been one of the leading socioeconomic development successes of the past 25 years. Just over a decade ago, the country's poverty rate was almost 60%. By 2009, it had fallen to 33.5%, then to 30.8% in 2010, 27.8% in 2011, 25.8% in...
Sep 03, 2014
JSE-listed branded consumer goods and beverages group Clover expects headline earnings a share for the year ended June 30 to be between 11.8% and 16.8% lower than the prior year’s 119.9c. Earnings a share were likely to be between 20.7% and 25.7% lower than the...
Sep 03, 2014
Revenues from Egypt's Suez Canal reached $508-million in August, the highest monthly level in history, Suez Canal Authority chairperson Mohab Mamish said on Wednesday. The official Mena news agency quoted Mamish as saying that 2014 was set to be a record year for...
Sep 01, 2014
Bidvest CEO Brian Joffe
Appraising a financial year characterised by an “increasingly disruptive” strike-hit fourth quarter, service, trading and distribution company Bidvest CEO Brian Joffe has described the company’s overall results as “satisfactory”, buoyed somewhat by a strong showing...
Sep 01, 2014
The seasonally adjusted Kagiso Purchasing Managers’ Index (PMI) rose by 3.1 index points to 49 in August, signalling a return to more normal manufacturing output levels following months of production disruptions owing to industrial action in the platinum mining and...
 
 
 
 
Sep 01, 2014
Reiterating that the economy would remain the country’s apex priority over the next five years, President Jacob Zuma at the weekend urged South African ambassadors and high commissioners stationed abroad to prepare themselves for “vigorous” marketing and trade...
Aug 29, 2014
Article contains comments
South Africa's trade deficit widened more than expected to R6.88-billion rand ($648-million) in July, from a R190-million rand shortfall in June, data from the South African Revenue Service showed on Friday. Economists had expected a R3.2-billion gap, but the number...
Aug 29, 2014
Welding and construction-related equipment supplier Renttech South Africa’s acquisitions of East London-based gas and welding supplier East Coast Industries (ECI), in July, has offorded Renttech South Africa a far greater presence in the Eastern Cape. “With branches...
Aug 26, 2014
Article contains comments
Trade and Industry Minister Dr Rob Davies
Trade and Industry Minister Dr Rob Davies has urged the public not to make use of so-called “runners”, who claimed that the only way to get a company registered at the Companies and Intellectual Property Commission (CIPC) was to pay them a fee. Responding to concerns...
Aug 25, 2014
A delegation of 29 export-ready companies supported by the Department of Trade and Industry (DTI) have arrived in Maputo, Mozambique, to showcase South African products and services at the fiftieth Jubilee of the Feira International de Maputo (Facim) Fair between...
Aug 20, 2014
Dr Rob Davies
With the preparations for ten new special economic zones (SEZs) to be completed within the next six months, the Portfolio Committee on Trade and Industry said on Wednesday it was pleased with the progress made by the Department of Trade and Industry (DTI) in this...
Aug 19, 2014
Article contains comments
Dr Rob Davies
Trade and Industry Minister Dr Rob Davies has lauded the success of the Companies Act of 2008, which, when it was implemented in 2011, had many stakeholders nervous of South Africa’s readiness to embrace such a major reform. Speaking at the Company Law Symposium, in...
Aug 15, 2014
Article contains comments
While certain business representative bodies have thrown their weight behind government's initiative to create a class of black industrialists within the next three years, black economic-empowerment (BEE) advisory firm EconoBEE believes that the related matter of...
Aug 14, 2014
Article contains comments
The Department of Trade and Industry (DTI) intends to make sweeping changes to black economic-empowerment (BEE) certification processes and preferential procurement policy in a bid to create a class of black industrialists and accelerate “radical” transformation in...
Aug 14, 2014
Trade activity was in negative territory during July with pressure on the trade sector having been broad based as a result of uncertain economic prospects, the South African Chamber of Commerce and Industry (Sacci) said on Thursday. Sacci’s seasonally adjusted...
 
 
 
 
Aug 12, 2014
Hoping to dispel the notion that a landlocked country is largely disadvantaged by the insular nature of its borders, Zambian High Commissioner to South Africa Muyeba Chikonde has outlined the country’s plans to establish itself as a regional trade hub that is highly...
Aug 12, 2014
South Africa and Africa in general benefitted immensely from the recent US-Africa Leaders’ Summit held in Washington last week, Trade and Industry Minister Rob Davies said on Tuesday. “By and large, there are a lot of positive things we gained from the summit… The...
Aug 12, 2014
Western Cape Economic Opportunities Minister Alan Winde
Western Cape Economic Opportunities Minister Alan Winde has appointed new board members for the province’s trade and investment promotion agency, Wesgro.   Former Pentech vice-chancellor Professor Brian Figaji has been appointed to lead the 14-person board, which...
Aug 12, 2014
The financial impact of ineffective procurement in Africa, calculated as value leakage, is estimated at a “staggering” $31.5-billion for the continent and $24.9-billion for sub-Saharan Africa, a recent report by professional services firm KPMG has revealed. Although...
Aug 08, 2014
Jacob Zuma and Michelle Bachelet Jeria
Trade, investment, and military cooperation were discussed when President Jacob Zuma met his Chilean counterpart Michelle Bachelet Jeria at the Union Buildings in Pretoria on Friday. "Chile has expressed interest in South Africa's master energy plan and we have...
Aug 08, 2014
Article contains comments
AU commission chair Nkosazana Dlamini-Zuma
If the US does not take more interest in Africa it is going to lose out, African Union (AU) commission chair Nkosazana Dlamini-Zuma said on Thursday. "It's in their advantage to know what's happening in Africa because if they don't come to the party eventually the...
Aug 08, 2014
President Jacob Zuma
A commitment for the renewal of the African Growth and Opportunity Act (Agoa) was secured at the US-Africa Leaders Summit held in Washington, President Jacob Zuma said on Thursday. "We successfully conveyed the message that South Africa's graduation from Agoa would...
Aug 07, 2014
Minister in The Presidency Jeff Radebe
Minister in The Presidency Jeff Radebe confirmed on Thursday that the National Planning Commission (NPC) would be retained alongside moves to institutionalise long-term planning within government. Speaking at the formal release of the five-year Medium-Term Strategic...
Aug 07, 2014
After picking up marginally in June to 89.7 from 88.9 in May, the South African Chamber of Commerce and Industry’s (Sacci’s) Business Confidence Index (BCI) declined to 87.9 in July – its lowest level since the 86.9 recorded in September 1999. On a month-on-basis,...
Aug 07, 2014
Trade and Industry Minister Rob Davies
Highlights of the US-Africa Leaders Summit focused on the economy, however the US made no commitments at the conclusion, Trade and Industry Minister Rob Davies said on Wednesday. "Many [leaders] spoke about how the economic performance of Africa was much improved,"...
 
 
 
 
Aug 06, 2014
To differentiate itself from other countries on the continent vying for the attention of Africa-focused foreign direct investment, South Africa would do well do adopt a “nation brand” approach that emphasises its uniquely positive attributes and distanced it from...
Aug 05, 2014
Trade and Industry Minister Dr Rob Davies
Trade and Industry Minister Dr Rob Davies was positive about South Africa's future in the African Growth Opportunity Act (Agoa) following a ministerial meeting in Washington on Monday. "What we heard today is positive, it does create a basis for us to move further...
Aug 01, 2014
South Africa is largely considered by its counterparts in the Brazil, Russia, India, China and South Africa (Brics) grouping as being the “pathfinder” on the road to the development of the Brics New Development Bank (NDB), having chaired the coalition since 2013 and...
Aug 01, 2014
Aug 01, 2014
Trade and Industry Minister Dr Rob Davies
South Africa has been at the centre of exploring trade opportunities between the United States and Africa, Trade and Industry Minister Dr Rob Davies said on Thursday. "We've been the root of exploring the free trade area with the US... and that is a point which is...
 
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