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Jul 30, 2015
As African economies advance their “aggressive” expansion, boosting demand for financial services products such as pensions, life insurance products and retail investment funds and drawing more consumers into the formal financial sector, traditional assets under...
Jul 30, 2015
Western Cape winery Audacia on Thursday launched its sulphite-free white wine made using Honeybush and Rooibos chips, and it is developing a low-sugar, low-alcohol wine. Western Cape Economic Opportunities Minister Alan Winde noted that the products were a boost for...
Jul 30, 2015
Retail group Edcon has appointed Bernard Brookes as CEO and a member of the board, effective September 30, to succeed departing group head Jurgen Schreiber, who would remain on the board as vice-chairperson to ensure a smooth transition. Offering an extensive 35-year...
Jul 29, 2015
Rob Davies
Following what the Department of Trade and Industry (DTI) describes as “an extensive public consultation process”, the draft Promotion and Protection of Investment Bill – which government says will seek to promote inward investment, clarify the level of protection...
Jul 27, 2015
Article contains comments
Western Cape Economic Opportunities Minister Alan Winde
The Western Cape provincial government is seeking to increase the value of Halal exports by $31-billion by 2020, through a proposed Halal agroprocessing food park that will allow the province to double its share of the “fast-growing” market. The R1-billion park, if...
Jul 24, 2015
The World Trade Organisation (WTO) this week reiterated its call for vigilance as the increasing stockpile of trade-restrictive measures introduced by its members remained a cause for concern, with the slow removal rate resulting in trade-restrictive measures being...
Jul 23, 2015
Article contains comments
ArcelorMittal South Africa CEO Paul O’Flaherty
South Africa’s largest steel producer ArcelorMittal South Africa (AMSA) gave notice on Thursday that it was weighing the partial or full closure of its Vereeniging Works, in southern Gauteng, and would make a decision of the plant’s future by the end of August. At...
Jul 23, 2015
The South African Revenue Service (Sars) has served notice to organisations that flout the law with a message that the "game is over". Sars on Wednesday debuted a new container scanner at the Cape Town port, following the launch of a similar device in Durban.
Jul 22, 2015
Jul 22, 2015
Jul 22, 2015
Jul 21, 2015
 
 
 
Jul 20, 2015
Land will continue to be a major focus area for government in terms of policy formation over the next five, possibly ten, years, political analyst and international adviser Justice Malala says. “There is a barrage of legislation that faces people in agriculture and...
Jul 20, 2015
The Johannesburg Chamber of Commerce and Industry (JCCI) has introduced an electronic certificate of origin initiative for exported manufactured or processed goods to streamline, improve efficiency and enable cost savings during the certification process. eCertify,...
Jul 16, 2015
Food safety in the modern world has become a decidedly complex affair. Global supply chains are now more the norm than the exception and no longer apply only in rich countries. “Today, global food supply chains could involve as many as 30 to 40 links in the food...
Jul 14, 2015
Gauteng is gearing up to fast-track its ambitions of becoming a preferred investment destination, as it opens its doors for private-sector participation and collaboration for critical projects to meet the province’s vision for the Gauteng city region over the next 15...
Jul 13, 2015
Branded tissue products manufacturer and distributor TwinCare Group will, going forward, trade as Twinsaver Group. This decision was taken to eliminate the current confusion between the organisation and other companies with similar names in the marketplace. 
Jul 13, 2015
Trade conditions remained in negative territory and under pressure in June with the seasonally adjusted composite Trade Activity Index (TAI) measuring 46 – down from 48 in May, the South African Chamber of Commerce and Industry (Sacci) reports. Owing to the difficult...
Jul 10, 2015
Trade and Industry Minister Dr Rob Davies
South Africa was looking at upping its game in respect of value added trade with its Brics partners, South African Trade and Industry Minister Rob Davies said on Friday. Speaking from Ufa, Russia, following the conclusion of the two day Brics/SCO Summit, Davies said...
Jul 10, 2015
The National Consumer Commission (NCC) and the Independent Communications Authority of South Africa (Icasa) on Friday revealed a cooperative working agreement that could expedite the resolution of information and communications technology- (ICT-) related consumer...
Jul 10, 2015
Cargo volumes at Dar es Salaam port are expected to rise as much as 25% this year, helped by expanded capacity and improved efficiency, Tanzanian President Jakaya Kikwete said in his last address to parliament before an election in October. The port, whose main rival...
Jul 09, 2015
Article contains comments
 
 
 
 
Jul 09, 2015
MAYLEEN KYSTER Companies that invest in business development and identify new markets stand a chance of surviving tough market conditions
South Africa’s steel production and conversion capacity is at an all- time low and, as a result, the industry has been forced to downsize by selling off less efficient assets to cover operational costs and working capital, says diversified boutique and investment...
Jul 09, 2015
Gauteng Premier David Makhura has concluded an official visit to Portugal aimed at strengthening trade ties and exploring new areas of cooperation between the two countries, which last year traded goods worth in excess of R3.6-billion. The Gauteng provincial...
Jul 08, 2015
Trade and Industry Minister Dr Rob Davies and Bell CEO Gary Bell
The handover of a 40 t dump truck to a Russian company at the seventh Brics summit in Ufa illustrated South Africa’s ability to do more than simply receive investments, Trade and Industry Minister Rob Davies said on Wednesday. “We are not just potential recipients of...
Jul 08, 2015
The Brazil, Russia, India, China and South Africa (Brics) New Development Bank (NDB) will be led by KV Kamath, who was appointed as its president, in Moscow, Russia on Wednesday. Prior to the appointment, Kamath served as chairperson of the second-largest Indian...
Jul 08, 2015
Article contains comments
A reduction in delays along Southern Africa’s three busiest trade corridors – the Trans-Kalahari Corridor (TKC), between Namibia, Botswana and South Africa; the North–South corridor (NSC), between Tanzania and South Africa; and the Maputo Corridor, between Mozambique...
Jul 07, 2015
The South African market has been included as one of Spain’s 16 “priority markets” as the European country intensifies its efforts to raise exports in the wake of the global economic crisis and as its companies move to diversify their foreign direct investments to...
Jul 06, 2015
Financial services provider Investec has acquired the remaining 51.5% stake it did not already own in import and trade financing solutions provider Blue Strata group. The buyout became unconditional on June 19.
Jul 03, 2015
International investors, dismayed by Nigeria's decision to delay a naira devaluation they see as long overdue, will hold back from its stock and bond markets, raising risks of a deeper crisis in Africa's biggest economy. The afterglow from March, when an incumbent...
Jul 02, 2015
ÖLFLEX CLASSIC 110 The Ölflex Classic 110 connection and control cables are appropriate for use in power chains and applications with torsional movements
Electrical equipment, industrial instrumentation and automation supplier Magnet’s electrical cable product offering was significantly enhanced by the company’s appointment as an official distributor for cable and cable connector producer Lapp Group, in March this...
Jul 02, 2015
In cooperation with engineering information technology services provider Cadenas, cable management solutions provider HellermannTyton announced last month that the three- and two-dimensional (3D and 2D) computer-aided design (CAD) data of thousands of its products...
 
 
 
 
Jul 02, 2015
CODING EQUIPMENT Pyrotec PackMark provides coding equipment for primary, secondary and tertiary packaging requirements
In the current competitive business environment, manufacturers need to ensure that their equipment remains effective and runs optimally at all times, says labelling, coding and print equipment supplier Pyrotec PackMark GM Brandon Pearce. He highlights that the...
Jul 02, 2015
Kenya expects 20 companies to start investing about 8-billion shillings ($80-million) immediately in the African nation's textiles industry after the renewal of a deal offering access to the US market, its industrialisation minister said. President Barack Obama...
Jun 30, 2015
The Competition Commission has reached a settlement agreement with Japanese shipping liner Nippon Yusen Kabushiki Kaisha (NYK) for contravening the Competition Act in the transportation of motor vehicles to and from South Africa by sea. This settlement followed the...
Jun 29, 2015
International Relations and Cooperation Deputy Minister Luwellyn Landers on Monday set off on an official visit to five Caribbean countries, aimed at underscoring the cordial relations South Africa enjoys with the governments and people of Guyana, Jamaica, Suriname,...
Jun 26, 2015
South Africa’s Cabinet has endorsed the nomination of Leslie Maasdorp as VP of the Brazil, Russia, India, China and South Africa (Brics) New Development Bank (NDB) and has appointed former South African Reserve Bank governor Tito Mboweni as a nonexecutive director of...
Jun 26, 2015
Article contains comments
The US House of Representatives this week passed a ten-year extension to the African Growth and Opportunity Act (Agoa), which was due to expire at the end of September. The legislation was approved along with other trade-preference packages and the Trade Promotion...
Jun 26, 2015
The United Nations Conference on Trade and Development (Unctad) on Friday unveiled a platform to guide and support World Trade Organization (WTO) member States in fast-tracking the ratification and acceptance of the Agreement on Trade Facilitation. The Agreement on...
Jun 25, 2015
The volume of world merchandise trade increased modestly, by 0.7%, in the first quarter of this year, as exports and imports registered slower growth than over the previous six months, the World Trade Organisation (WTO) said on Thursday. Global exports increased by...
Jun 25, 2015
Article contains comments
Dr Rob Davies
In what it describes as a show of support for the National Development Plan’s objective of promoting investment and export growth, Cabinet has approved the introduction of the revised Promotion and Protection of Investment Bill into Parliament. “The Bill reaffirms...
Jun 25, 2015
Minister in the Presidency Jeff Radebe
Cabinet has ratified a decision by the Department of Trade and Industry (DTI) to designate the Maluti-A-Phofung (MAP) logistics hub, in Harrismith, in the Free State, an industrial development zone (IDZ), further approving the granting of operator permit for this...
 
 
 
 
Jun 24, 2015
JSE-listed Grindrod has signed an agreement to cooperate with US-based Teras Cargo Transport on US flag shipping services to Southern and Eastern Africa. Under the terms of the agreement, Grindrod would provide shipping and logistics support to Teras, which focused...
Jun 23, 2015
Tim Harris
The Western Cape Investment and Trade and Promotion Agency (Wesgro), along with 25 companies from the province’s services sector and creative industries, on Tuesday set off to Accra, Ghana, on a trade mission. The mission, which would run until June 26, formed part...
Jun 23, 2015
Saxen van Coller‚ the CEO of Dube TradePort‚ has been sacked from her R2.5-million-a-year job for failing to disclose previous criminal offences. She was suspended earlier this year after allegations surfaced that she had exaggerated her academic qualifications.
Jun 22, 2015
Jun 19, 2015
Article contains comments
South Africa needs to leap at the emerging opportunity to secure its future as a producer and exporter of value-added goods as Africa industrialises, Trade and Industry Minister Dr Rob Davies said on Friday. With the continent drawing the “same conclusion” as South...
 
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