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Trade News

In wake of digitised reality, DeepMarkit provides niche gamification platform

By: Henry Lazenby     30th September 2016 A Calgary, Alberta-based upstart technology firm DeepMarkit Corp has identified a gap in the market for digitised marketing campaigns by the underserved small and medium-sized businesses (SMEs) sector. DeepMarkit has created an online platform that allows SMEs to create mobile phone video games... 

Airbus to assist with Rooivalk upgrade, as it reaffirms Africa commitment

By: Keith Campbell     30th September 2016 The Airbus Group (parent of Airbus, Airbus Defence and Space and Airbus Helicopters) is committed to help develop aeronautical industries in Africa, because it believes that this makes good business sense. For the Group, Africa is defined as sub-Saharan Africa plus Moroco (with Egypt, Libya,... 

UK committed to increasing defence and wider business with South Africa

By: Keith Campbell     30th September 2016 Trade in the defence and security sector between the UK and South Africa is increasingly significant, British High Commissioner to South Africa Dame Judith Macgregor told Engineering News at the recent Africa Aerospace and Defence 2016 exhibition at Air Force Base Waterkloof in Centurion, just... 

National Treasury developing contingency plans for possible Brexit effects on S Africa 

By: Keith Campbell     29th September 2016 The National Treasury is busy discussing the possible impact on the South African economy of Britain’s decision to leave the European Union (EU), known as “Brexit” for short. At the moment, it is not at all clear what the UK’s future economic relationship with the EU will look like. The UK is... 

National Treasury developing contingency plans for possible Brexit effects on S Africa

AMSA insists R2.27bn empowerment deal meets highest governance standards

By: Terence Creamer     28th September 2016 Steel producer ArcelorMittal South Africa (AMSA) has unwrapped its long-awaited R2.27-billion broad-based black economic empowerment (BBBEE) transaction, which chairperson Mpho Makwana insists meets the highest standards of probity and governance. An earlier 2010 attempt by the JSE-listed company... 

AMSA insists R2.27bn empowerment deal meets highest governance standards
AMSA's Wim de Klerk and Mpho Makwana with Likamva's Noluthando Gosa and Leslie Maasdorp

Competition Commission raids cargo shipping companies

     28th September 2016 The Competition Commission on Wednesday conducted a search and seizure operation at the premises of six cargo shipping companies in the Western Cape and KwaZulu-Natal.   The commission said it suspects that Hamburg Sud South Africa, Maersk South Africa, Safmarine, Mediterranean Shipping Company,... 

Competition Commission raids cargo shipping companies

South Africa to export pigeon peas, pork, mango to India

By: SANews, SA government news service     27th September 2016 As part of ongoing efforts by member States to improve intra-Brics trade, South Africa has been granted an opportunity to export pigeon peas also known as cajanus cajan, pork, mango and persimmons to India. India for its part has expressed an interest to import pickled sheep skins from South... 

Dramatic fall in trade growth should be ‘wake-up call’

By: Terence Creamer     27th September 2016 World trade will expand by only 1.7% in 2017, the slowest pace since the financial crisis of 2009, a new World Trade Organisation (WTO) report warns. The WTO has also lowered its trade-growth forecast for 2017 to between 1.8% and 3.1%, down from 3.6% previously. Director-general Roberto Azevêdo... 

Dramatic fall in trade growth should be ‘wake-up call’
WTO director-general Roberto Azevêdo

Davies urges Tesla to invest in South Africa 

By: African News Agency      26th September 2016 Trade and Industry Minister Dr Rob Davies, who is attending Monday’s Africa Growth and Opportunity Act (Agoa) forum in Washington DC, made the most of an opportunity at a business breakfast on Sunday to encourage an investment by South African-born entrepreneur Elon Musk in the country of his... 

Coega positions itself as energy mix hub

By: Nadine James     23rd September 2016 A growing number of manufacturing opportunities have been created and sustained through the approach of diversifying the energy mix in the Eastern Cape, which has seen the development of several energy investment projects worth more than R3.5-billion. The Coega Industrial Development Zone (IDZ)... 

Coega positions itself  as energy mix hub
GREEN SHOOTS OF GROWTH Special economic zones have managed to attract foreign and local investment in a lackluster economic environment

Entrepreneurs form joint venture to boost renewable energy service

By: Dylan Slater     23rd September 2016 With over 600-million people in Africa living without electricity, four entrepreneurs have joined forces in an effort to reduce this volume of people without access to electricity with the formation of renewable energy company ePower Holdings.  

Entrepreneurs form joint venture to boost renewable energy service
CONTAINERISED SOLUTIONS ePower Holdings uses shipping containers as a battery recharging and swap centre to improve access to electricity for communities not yet electrified

Limpopo’s proposed SEZ attracts R40bn investment

     23rd September 2016 A significant investment is already expected to be injected into the proposed Musina-Makhado Special Economic Zone (SEZ) - a boost for the energy and metallurgical industries. A consortium of Chinese investors led by Hong Kong Mining Exchange, will be investing more than R40-billion into an... 

Pharmaceuticals giant to launch SA’s first biotech manufacturing facility

     23rd September 2016 Global pharmaceutical company Cipla announced in July that its proposed biotech subsidiary, Cipla BioTec South Africa (CBSA) will invest just over R1.3-billion into the country's first biotech manufacturing facility, used for the production of biosimilars, and located in KwaZulu-Natal. Cipla’s... 

Uncompetitive scrap metal prices causing further decline in industry

By: Simone Liedtke     23rd September 2016 Unless strong action is immediately taken to stem the export of scrap metal and keep it in South Africa at competitive prices, the scrap beneficiating industry will further decline, and directly affect the aluminium sector, says aluminium foundry alloys producer Zimco Aluminium Company (Zimalco)... 

Uncompetitive scrap metal prices causing further decline in industry
Photo by Bloomberg
ALUMINIUM SMELTING PLANT Scrap and aluminium metals are being processed further into semi-finished products

SA legal firms soon to play more of a role in Africa business disputes with adoption of arbitration Bill 

By: Dylan Slater     16th September 2016 There are about 157 countries which have adopted the Model Law, thereby recognising international arbitration agreements and enforcing international arbitration awards.  

SA legal firms soon to play more of a role in Africa business disputes with adoption of arbitration Bill
Clyde and Co tells Engineering News about a new arbitration bill. Video courtesy of Shaun Smith.

Paramount showcases new infantry fighting vehicle at AAD

By: Dylan Slater     15th September 2016 South Africa-headquartered defence and aerospace platform manufacturer Paramount Group this week unveiled, for the first time in Africa, its high-mobility 8 X 8 infantry fighting vehicle (IFV), the Mbombe 8, during the Africa Aerospace & Defence (AAD) 2016 exhibition, held at Airforce Base... 

Paramount showcases new infantry fighting vehicle at AAD
The Mbombe 8 provides increased ballistic and blast protection as well as enhanced mobility with four axles

Gauteng 'open for business', Makhura tells German chamber

By: Anine Kilian     9th September 2016 Government’s vision for the Gauteng province has not changed, despite the change of leadership from the African National Congress to a Democratic Alliance-led coalition in major metropolitan regions, including Johannesburg and Tshwane, Gauteng Premier David Makhura said on Friday. Speaking at an... 

Gauteng 'open for business', Makhura tells German chamber
Gauteng Premier David Makhura

Deal to boost access to finance for Côte d’Ivoire smallholder farmers

By: Mia Breytenbach     9th September 2016 The International Finance Corporation (IFC), a member of the World Bank Group, chocolate producer Barry Callebaut and the Netherlands Sustainable Trade Initiative (IDH) have announced a $9-million risk-sharing agreement to help up to 100 000 smallholder cocoa farmers in Côte d’Ivoire to access... 

Deal to boost access to  finance for Côte d’Ivoire smallholder farmers
Photo by Bloomberg
NECESSARY GROWTH The $9-million risk-sharing agreement is aimed at helping smallholder cocoa farmers to access the credit needed to grow production and earnings

Brics leaders meet informally on the margins of the G20 summit in China

By: African News Agency      5th September 2016 The leaders of the Brazil, Russia, India, China, and South Africa (Brics) grouping of countries met informally on the sidelines of the G20 summit currently underway in Hangzhou, China, on Sunday. The leaders exchanged views on a wide range of global political, security, economic, and global... 

Egyptian petrochemicals complex expected 2021

     2nd September 2016 Egyptian petrochemicals company Carbon Holding's proposed Tahrir Petrochemicals Complex is to be located within the Ain Sokhna industrial zone, near the Gulf of Suez. Major contracts for the project have been awarded, with the construction work expected to start later this year and commissioning... 

Egyptian petrochemicals complex expected 2021
SUNRISE INDUSTRY While the oil industry in other parts of the globe is stagnating the World Bank believes there is still potential in Africa's oil industry

Focus on innovation provides opportunities for trade

By: Robyn Wilkinson     2nd September 2016 China’s thirteenth five-year plan – from 2016 to 2020 – includes a clear prioritisation of innovation, which is likely to increase the country’s interest in importing technologies from outside, including from South Africa, says advisory services provider KPMG local China practice in South Africa... 

Focus on innovation provides opportunities for trade
NEW TRADE OPPORTUNITIES China’s economy is undergoing a shift that is likely to increase the country’s interest in importing innovative technologies

Ghana oil refinery showing signs of profitability

     2nd September 2016 Recent reports demonstrate that Tema Oil Refinery (TOR) – Ghana’s only oil refinery –  has begun showing signs of profitability after seven years of stagnation. The refinery posted a profit of $800 000 from its operations from February 16 to April 20, a development described by market... 

Ghana oil  refinery showing signs of profitability
REFINERY IS FINE AGAIN The Ghanaian refinery has recovered from its seven year stagnation and is showing progress

Government support needed to foster partnerships

By: Robyn Wilkinson     2nd September 2016 While policies prioritising trade between South Africa and China have been adopted at an official level, further government support is needed on the ground to stimulate partnerships between businesses in the two countries and increase Chinese investment in South Africa, says international law... 

Government support needed to foster  partnerships
KATHLEEN WONG The signing of memoranda of understanding at the Focac suggest a willingness to further opportunities for South Africa–China partnership.

Industry challenges blunt investment in oil and gas sector

     2nd September 2016 Demand for oil and gas from markets in Africa remains high but low crude prices combined with poor physical infrastructure, inadequate logistical solutions and onerous government regulations have blunted investment in oil and gas field development, says independent oil and gas company SacOil... 

Industry challenges blunt investment in oil and gas sector
THABO KGOGO 57% of Africa’s export earnings are derived from hydrocarbons

Newest firefighting technology delivered to South Africa

By: Nadine James     2nd September 2016 Fire protection technology provider DoseTech is promoting the concept of firefighting trailer-mounted (FTM) units to the sub-Saharan Africa oil industry, and has concluded the delivery of the first system to the South African market. Further, the company is in discussions with a South African... 

Newest firefighting technology  delivered to South Africa
GERMAN ENGINEERING The FTM units are manufactured by DoseTech partner and German fire-safety product manufacturer FireDos

Nigeria, Spain to strengthen bilateral trade relationship

     2nd September 2016 Nigeria and Spain, last month expressed their readiness to strengthen their bilateral trade relationship for mutual benefit across the spectrum in the oil and gas industry. State-owned oil development corporation Nigerian National Petroleum Corporation (NNPC) group MD Dr Maikanti Kachalla Baru... 

Nigeria, Spain to strengthen bilateral trade relationship
OIL ON TAP Two Nigerian refineries and a pipeline were brought back online to address the country's petrol shortage

Opportunities for bitumen producers increased in Africa

     2nd September 2016 With there being various commitments to improve infrastructure made by African countries, bitumen producers will be assured of significant work in future, says oil industry company Royal Dutch Shell. According to figures stated in the Roads and Highways overview compiled by international... 

Opportunities for bitumen producers increased in Africa
SAPREF The 10/20 bitumen is available for direct pick-up at the Shell and BP South African Petroleum Refineries in Durban

Phase 1 of refinery expansion project to be completed this year

     2nd September 2016 The Cameroonian government is planning to complete the first phase of the expansion and modernisation works at national refinery company Sonara’s refinery later this year, which will lead to an increase in production. According to local media, the refinery – the only one in the country – has been... 

Phase 1 of refinery expansion project to be completed this year
DOGGED DEVELOPMENT The Sonara refinery has been in the process of expanding and modernising its equipment since 2013

RFO consumption expected to decline significantly by 2020

     2nd September 2016 US energy research agency Energy Information Administration (EIA) in May released a report that commented that residual fuel oil (RFO) consumption is expected to decline significantly within the next four years. RFO is one of several residuals that remain after lighter materials, including... 

Rural women entrepreneurs acknowledged for their business acumen

By: Dylan Slater     2nd September 2016 Rural women entrepreneurs were awarded their graduation certificates at a ceremony held in Johannesburg on August 5, following the intensive Faranani Rural Women Training Initiative provided by professional services firm PwC to build up the business skills of women from previously disadvantaged... 

South Africa-China partnerships benefit valves industry

By: Robyn Wilkinson     2nd September 2016 The valve industry provides a key example of a flourishing South Africa-China partnership, as joint ventures are increasingly being undertaken between Chinese manufacturers and South African importers for the design, manufacture and distribution of high-quality specialised valves, says... 

Supplier development programme launched for black businesses

     2nd September 2016 Oil refining company Chevron Corporation’s local subsidiary Chevron South Africa (SA) –  which markets its fuel under the Caltex brand – last month announced a new enterprise and supplier development (E&SD) programme aimed at improving access to its value chain for black-owned businesses.  The... 

Supplier development programme launched for black businesses
CHEVRON OIL REFINERY The refinery produces petrol, diesel, jet fuel, liquefied petroleum gas and other specialty products for South Africa

Zuma, Gordhan to lead SA delegation at G20 Summit

By: News24Wire      1st September 2016 While South Africans are still reeling from recent public spats surrounding Finance Minister Pravin Gordhan and the Treasury, he will be joining President Jacob Zuma at a G20 meeting in China next week. Public spats between Gordhan and the Hawks, Eskom and Denel, along with rumours of a stand-off... 

Zuma, Gordhan to lead SA delegation at G20 Summit
Photo by Duane Daws
Jacob Zuma and Pravin Gordhan

Chinese manufacturers go hard to woo South African buyers

By: African News Agency      1st September 2016 About 400 manufacturers from China on Wednesday, staged an impressive performance to woo buyers from the Southern African region with opportunity to source quality products directly from them in an inaugural business-to-business trade exhibition. With a focus on increasing bilateral trade and... 

Francophone Africa seen as untapped market for South African firms

By: Mia Breytenbach     26th August 2016 Despite significant opportunities across a range of sectors, the Francophone African markets remain relatively untapped from South Africa, speakers stated at the ‘Doing Business in Francophone Africa’ business forum. Speaking at the forum in Johannesburg at the end of June, Africa House strategy... 

Gas company able to remotely monitor customer sites

     26th August 2016 South African automation specialist Abacus Automation was in July approached by a natural gas supplier, which requested that Abacus provide a solution that would allow the supplier to conduct remote monitoring of its customers’ sites. Prior to the implementation of this solution, the customer... 

Gas company able to remotely monitor customer sites
Photo by Shutterstock
DELIVER US FROM OUTDATED TECH A natural gas supplier approached Abacus to design a system that would facilitate gas delivery

Greater awareness of SA gas installation regulations needed

     26th August 2016 Similar to an electrical equivalent, gas installations need to be regulated in order to ensure optimum safety practices are adhered to. As gas usage increases in South African homes and businesses, awareness needs to be drawn to the safe practice of working with, installing and storing gas. As an... 

Greater awareness of  SA gas installation  regulations needed
SAFETY FIRST Anyone that works with gas installations needs to be a registered gas practitioner with the South African Qualification and Certification Committee for Gas
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