America's big export push won't undermine SA's industrial strategy - US official

There is no conflict between America's aspiration to double exports over the next five years and South Africa's own export-led industrial strategy, US Assistant Secretary of Commerce Suresh Kumar insisted during the first American trade mission of...

SA, UK agree to double trade after recession

South Africa and the UK have agreed to double trade between their countries, which fell to around R40-billion last year due to the global recession, a South African Minister said on Thursday. "In 2009, trade fell back to around R40-billion, so...

Trade activity back in positive territory

The Trade Activity Index (TAI) returned to positive territory in February, improving to 54 points, mainly as a result of improvements in the sales and new orders subindices, the South African Chamber of Commerce and Industry (Sacci) reported on...

G20 countries urged to resist protectionism

Group of 20 (G20) members should remain vigilant in opposing protectionism, as unemployment rates would remain high throughout this year, while uncertainties about the timing and strength of a global economic recovery continue, a new report has...

G20 governments containing protectionism – WTO

The G20 rich and emerging countries have been broadly successful in holding protectionist pressures in check in recent months but must remain vigilant, the World Trade Organization said on Monday. Some G20 countries, in contradiction to pledges...

Zuma’s UK visit seen as opportunity to ‘reawaken’ ties

President Jacob Zuma’s first State visit to the UK was a “unique opportunity” for the private sector to “reawaken” its relationships with the European country, Business Unity South Africa (Busa) vice-president Mthunzi Mdwaba said during...

AfrAsia Bank eyes expansion in Africa

Africa would likely see an increase in the need for banking services, as it continues to expand, Mauritius-registered AfrAsia Bank CEO James Benoit said on Thursday. The bank, which offers corporate, investment and private banking services, on...

World trade contracted 12% in 2009 - WTO's Lamy

Global trade contracted by about 12% in 2009 but has started to pick up, the head of the World Trade Organisation (WTO) said on Wednesday. WTO DG Pascal Lamy said the organisation had revised its previous estimate of a contraction of about 10...