DTI to hold public hearings on SEZ bill

The Department of Trade and Industry (DTI) would hold public hearings throughout the country to give organised business, labour and members of the public an opportunity to voice their views on the Special Economic Zones (SEZ) Bill and policy. The...

Zuma speech should boost investor confidence, support SMEs

Enterprise support, especially for small and medium-sized businesses (SME's), could be a key theme of President Jacob Zuma’s State of the Nation address in Parliament tomorrow, organised business said on Wednesday. Business Unity South Africa...

Barriers blunt trade within Africa – World Bank

South African grocer Shoprite spends $20 000 a week in import permits to truck meat, milk and other goods to its stores in neighboring Zambia. One of its trucks may need as many as 1 600 documents to cross a border in southern Africa.

SA stocks slide, ArcelorMittal unit falls

South African stocks slid for the second straight session on Tuesday, with ArcelorMittal's local unit losing ground after reporting a full-year loss and nagging worries over Greek debt prompting investors to cash in some recent gainers. "I think...

AfDB, WCO sign customs agreement

The African Development Bank (AfDB) and the World Customs Organization (WCO) signed a memorandum of understanding (MoU) to enhance the capacity of customs administrations in Africa. The two parties agreed to work together to help advance the...

South Africa's Dec trade account in R4.7bn surplus

South Africa's trade account recorded a surplus of R4.7-billion in December compared with an R8-billion deficit in November, the South African Revenue Service said on Tuesday. Exports fell by 8% month-on-month to R63-billion in December while...

Foschini buys local clothing manufacturer

The Foschini group is to buy into South African clothing manufacturer Prestige Clothing, in Cape Town. Economic Development Minister Ebrahim Patel, who welcomed the acquisition, said it was a “vote of confidence” in the South African clothing...

French business delegation headed to SA

A number of companies from eastern France are headed to South Africa to demonstrate the commitment of the French regions to many diverse businesses. The delegation aimed to promote goods and technical know-how during the February 6 to 9 visit.