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May 01, 2015
CULTIVATING EDUCATION The Harvest Time Investments programme focuses on enabling the emerging farmer to expand and contribute to the agriculture sector
Given the technological revolution South Africa’s agriculture sector is currently experiencing, the country’s emerging farmers need to be well equipped if they want to become the commercial farmers of tomorrow, says local agricultural and diversified foods group...
May 01, 2015
SUNNY PROSPECTS The local agriculture, forestry and fishing industry grew the fastest in 2014, expanding by 5.6%
From a production perspective, the future of the South African agriculture sector is brighter than expected, which is a good sign when it comes to food security, says South African financial services group Standard Bank. This outlook can be attributed to the...
Apr 28, 2015
Nigerian President Muhammudu Buhari
The recall of Nigeria's top diplomat after a spate of xenophobic attacks in South Africa follows several similar spats that expose the two countries' deep rivalry for economic and political dominance in Africa. Nigeria's Acting High Commissioner to South Africa...
Apr 22, 2015
Judge Dennis Davis
If the South African Revenue Services (Sars) focused on recovering money from transfer pricing abuses‚ Finance Minister Nhlanhla Nene probably would not have had to raise taxes by 1% in his budget speech‚ Judge Dennis Davis‚ head of the Davis Tax committee told...
Apr 21, 2015
Article contains comments
With Africa holding 60% of the world’s arable land, agriculture held one of the keys to unlocking economic opportunities for the continent, but could only be achieved through cooperation with other countries in regions such as Asia. Speaking at the Asia–Africa...
Apr 20, 2015
During the Trade and Investment Framework Agreement (TIFA) Council meeting in Washington, in the US, last week, South Africa and the US strengthened and deepened their bilateral trade and investment relations. The meeting was co-chaired by Trade and Industry Minister...
Apr 17, 2015
Two influential US senators, central to the so-called ‘chicken war’, have announced their intention to pursue amendments to the African Growth and Opportunity Act (Agoa) to secure greater access for US poultry into the SA market. “We believe passionately in Agoa’s...
Apr 17, 2015
President Jacob Zuma says government has received a political commitment from the United States government that the African Growth and Opportunity Act (Agoa) would be signed with the inclusion of South Africa. The President said this when he responded to questions...
Apr 17, 2015
Apr 16, 2015
Apr 15, 2015
Apr 14, 2015
Apr 13, 2015
The United Nation Economic Commission for Africa (ECA) has cautioned that ill-designed trade policy in Africa could reverse the course of industrialisation and temper the continent’s graduation up the global supply chain. “There is empirical evidence of a...
Apr 10, 2015
Trade and Industry Minister Dr Rob Davies
Trade and Industry Minister Dr Rob Davies expressed optimism on Friday that the South African and American poultry industries would find a “sweet spot” settlement at meetings early next week that should address anxieties of those US Senators warning that the impasse...
Apr 10, 2015
VISION 2020 The aluminium industry is embarking on a strategy aimed at doubling the volume of cars manufactured a year in South Africa by 2020, from 600 000 to 1.2-million
South Africa’s automotive sector is currently one of the key drivers of aluminium demand in the country, which stakeholders attribute to the global trend of manufacturers using an increasing amount of aluminium for vehicle components, particularly for passenger...
Apr 10, 2015
Container-handling equipment specialist BLT SA, which supplies and supports a range of materials handling equipment across various industries  delivered a loaded-container handler to Transnet Engineering, the engineering division of State-owned rail operator...
Apr 10, 2015
West African ports could face even greater congestion pressures from the cascading of larger container vessels into the region’s trades, delegates were told at a two day container supply chain conference TOC Market Briefing: West Africa, which took place on the...
Apr 10, 2015
BRIDGING THE SKILLS GAP The National Foundry Technology Network offers programmes aimed at developing students’ skills from a basic foundry level through to a qualified artisan level
Initiative of the Department of Trade and Industry (DTI) the National Foundry Technology Network (NFTN) last year updated several industry-focused skills development programmes to bridge the widening skills gap and mitigate the effects of an ageing industry, as many...
Apr 10, 2015
Wireless machine-to-machine (M2M) solutions provider WAM Technologies announced, in November last year, the release of VesselConnect, a global system for mobile communication (GSM) tracking to monitor and control refrigerated containers on-board container and related...
Apr 09, 2015
Article contains comments
President Jacob Zuma has deepened South Africa’s bilateral trade relationship with “sister republic” Zimbabwe, expounding on the countries’ strong political, cultural and economic similarities and reminiscing on their historical linkages. According to Zuma,...
Apr 09, 2015
Roberto Azevêdo
World Trade Organisation (WTO) director-general Roberto Azevêdo says more effort is needed to help developing countries, particularly those in Africa, use trade as a means to leverage growth and development.
Apr 07, 2015
Seychelles will become the 161st member of the World Trade Organisation (WTO) on April 26. It applied for WTO membership in May 1995 and completed its application process in October 2014, whereafter WTO members approved its accession in December 2014.
Apr 02, 2015
Article contains comments
US Ambassador to South Africa Patrick Gaspard
US Ambassador to South Africa Patrick Gaspard has indicated that an agreement on the long-running dispute over South Africa’s antidumping duties on American chicken needed to be secured ahead of government-to-government discussions on the trade and investment...
Apr 02, 2015
The African Development Bank (AfDB) has approved a $100-million unfunded risk participation agreement (RPA) for FirstRand Bank (FRB), under which the two banks will share the default risk on a portfolio of trade transactions originated by issuing banks in Africa and...
Apr 02, 2015
FUELLING INVESTMENT Heavy-duty construction and infrastructure projects under way in Africa are likely to lead to gradual, but significant investment in equipment and machinery
After a steady decline in construction jobs since the boom in 2010, the South African construction industry has welcomed Finance Minister Nhlanhla Nene’s announcement in the 2014 medium term Budget speech that the country is set to spend R847-billion on new and...
Mar 31, 2015
The South African government needs to take urgent steps to address ongoing trade concerns – particularly the long-running dispute over antidumping duties on American chicken – before US lawmakers start drafting 2015 trade legislation, the US Embassy’s Minister...
Mar 30, 2015
Article contains comments
Over 26 companies active in the logistics, support services, oil and gas contracting and drilling, marine and rig building, fabrication and repair and wells specialist industries have shown interest in relocating their businesses to the Saldanha Bay Industrial...
Mar 27, 2015
The long-term outlook for Nigeria is a country that has the potential to be very strong. So affirmed International Monetary Fund (IMF) Nigeria Mission Chief and Senior Resident Representative Dr Gene Leon on recently. "But we are starting from a point of huge...
Mar 27, 2015
The Airports Company South Africa recently signed a memorandum of understanding (MoU) with German company Mitteldeutsche Airport Holding. The MoU was signed at the recent Air Cargo Africa 2015 conference, next to OR Tambo International Airport. "This has been two...
Mar 26, 2015
Article contains comments
A senior US embassy official has urged the South African government to address a number of mixed messages on the openness of the country to foreign investment so as to take advantage of a growing appetite among American companies for investments into the country and...
Mar 16, 2015
The Department of Trade and Industry (DTI) is leading a delegation of 25 South African businesspeople to participate in the sixth Investment and Trade Initiative (ITI) to Moscow and Novosibirsk, Russia, from March 23 to 27. The initiative would comprise investment...
Mar 11, 2015
The long-term outlook for Nigeria is a country that has the potential to be very strong. So affirmed International Monetary Fund (IMF) Nigeria Mission Chief and Senior Resident Representative Dr Gene Leon on Wednesday. "But we are starting from a point of huge...
Mar 06, 2015
Mar 06, 2015
SPEND SHIFT The fuel price reduction could cause an increase in consumer's disposable income, enabling them to spend more on food and beverages
While there has traditionally been a positive correlation between the global oil price and the global food price over the past decade, the sharp drop in the oil price since mid-2014 will not necessarily lead to a significant drop in the overall basket price of food...
Mar 06, 2015
DEMAND FLUX The aggregate 20% increase in food consumption for 2050 is likely to comprise protein-based food products and foods with a higher oil and fat content
A significant nutritional transition is taking place in sub-Saharan Africa, with a marked increase in the region’s consumption of higher-value processed foods, says analysis firm B&M Analysts chairperson Professor Justin Barnes. The transition, which increases the...
Mar 05, 2015
Mxolisi Mgojo
Black-controlled coal mining company Exxaro on Thursday confirmed that it has signed a take-or-pay rail contract with the State-owned freight logistics group Transnet Freight Rail (TFR) for the railing of its coal to the Richards Bay Coal Terminal (RBCT) in...
Feb 27, 2015
NDABE NTSELE The Black Business Council (BBC) is excited to be part of the Empowertec Africa expo as the conference dovetails with the BBC’s focus on promoting the incubation of small businesses
This year marks the first time that black business advocacy organisation the Black Business Council (BBC) will participate in Empowertec Africa – a  biennial expo that showcases small business opportunities in Africa. BBC president Ndabe Ntsele says the council’s...
Feb 27, 2015
EMPOWERED SMALL BUSINESSES CDC senior BEE analyst Nolubabalo Pandle, ASAHJ Monti Projects' Xoliswa Tofi, Sidibanisa Techonolgies’ Anele Ganca, CDC SMEE unit head Andile Ntloko, and Sbongukhanyo Limited’s Phumeza Ceshemba
The Coega Development Corporation (CDC) handed out 200 certificates in the Eastern Cape and 300 certificates in KwaZulu-Natal in November 2014 to medium-sized and microenterprises (SMMEs) that had successfully completed the development agency’s Black Economic...
Feb 27, 2015
BEST PRACTICE Progressive companies are leading the way in a multicultural marketplace by infusing supplier diversity into their main business processes
South African companies should diversify their supplier base to effectively explore new markets and achieve the flexibility required to survive challenging and ever-changing business operating environments, says sustainable supplier diversity promoter the South...
Feb 27, 2015
BOTTLING FOR EXPORT The Johannesburg Chamber of Commerce and Industry’s export incubator was launched in October to assist black South African entrepreneurs in selling their products in foreign markets
In addition to the export incubator it initiated in October last year, to be formally launched later this year as part of its 125 years celebration, business promotion organisation the Johannesburg Chamber of Commerce and Industry (JCCI) will also launch a Small and...
Feb 27, 2015
EASING THE PROCESS The importance of registering a business with ease will never diminish in South Africa, as the country is always on a drive to boost entrepreneurship
Retail bank First National Bank (FNB) has noted a substantial number of newly registered businesses since the launch of the online business registration initiative collaboration, which it established in 2013 in partnership with the Companies and Intellectual Property...
Feb 27, 2015
SPOTLIGHT ON CYCLING Western Cape Economic Opportunities Minister Alan Winde last year launched the 20 km !Khwa ttu mountain bike route to support growth and jobs in the area and attract additional visitors to South Africa’s West Coast
The tourism industry will remain the Western Cape’s prominent economic growth driver, with the emergence of cycling tourism set to bring additional revenue this year, as the province aims to boost its attractiveness as a cycling hotspot in South Africa.
Feb 26, 2015
Article contains comments
Business and diplomatic travellers from South Africa's BRICS partners will receive port of entry visas into the country, Home Affairs Minister Malusi Gigaba said on Thursday. "I have approved the issuance of port of entry visas to BRICS business executives for up to...
Feb 20, 2015
BREAKING RECORDS South African vehicle sales broke all records for the month of December in 2014, with 51 462 vehicles sold
South African vehicle sales broke all records for the month of December in 2014, with 51 462 vehicles sold. Previously, the highest sales record for the month of December was in 2006, when 49 283 vehicles were sold, says advisory firm KPMG industrial, automotive and...
Feb 19, 2015
Cabinet has approved the tabling in Parliament for ratification the treaty establishing the Brazil, Russia, India, China and South Africa (Brics) Contingent Reserve Arrangement (CRA) and agreement on the New Development Bank, Cabinet said on Thursday. “The Contingent...
Feb 19, 2015
The operational improvements implemented across JSE-listed RCL Foods’ different businesses over the past year are expected to continue to contribute positively to the company’s earnings performance in an environment where economic conditions remain challenging. “The...
Feb 17, 2015
The global environment continues to be challenging, notes JSE-listed Distell, which for the six months ended December 31 reports sales volumes of 369-million litres, a 3.7% increase, growing revenue by 10.5% to about R11-billion. In the group’s unaudited results for...
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