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Trade News

EAC-Sacu tariffs negotiations to conclude by end-July

By: Natasha Odendaal     27th June 2017 The tariff schedule negotiations under the free trade agreement (FTA) between partners in the East African Community (EAC) and the Southern African Customs Union (Sacu) are expected to be concluded by the end of July. The tariff schedules were an important, commercially meaningful step towards... 

South Africa's neighbours ban poultry imports after bird flu outbreak

By: Reuters     27th June 2017 Zimbabwe, Namibia and Botswana on Tuesday suspended poultry imports from South Africa with immediate effect following outbreaks of highly contagious H5N8 bird flu. South Africa has confirmed outbreaks of avian flu, which is often transmitted by wild birds, on at least two farms. South Africa and... 

Musina Intermodal Terminal to improve cross-border trade

By: Schalk Burger     26th June 2017 The Musina Intermodal Terminal (MIT), launched on Monday, is set to reduce the cost of cross-border trade, especially for bulk commodities, on the North-South trade corridor. The terminal, about 3 km outside Musina and about 13 km from the Beitbridge border post, will serve to move commodities,... 

Musina Intermodal Terminal to improve cross-border trade
Photo by Duane Daws
Trade and Industry Minister Dr Rob Davies is taken on a tour of the Beitbridge Border Post on Monday

High Commissioner ‘seized’ with avoiding post-Brexit trade interruption with South Africa

By: Terence Creamer     23rd June 2017 British High Commissioner to South Africa Nigel Casey says he is currently “very seized” with ensuring that measures are put in place “timeously” to guarantee no interruption in the trade relationship between the UK and South Africa when Britain leaves the European Union (EU) on March 29, 2019.... 

High Commissioner ‘seized’ with avoiding post-Brexit trade interruption with South Africa
High Commissioner to South Africa Nigel Casey

Blanket increases in import duty put industry under pressure

By: Robyn Wilkinson     23rd June 2017 Although the implementation of a hot-rolled coil (HRC) safeguard duty in South Africa aims to protect and support the local steel manufacturing industry, its unintended consequences for downstream customers are placing further pressure on an economy already under stress, says fastener products... 

Blanket increases in import duty put industry under pressure
ENSURING PRETENSION FORCE The HEICO-TEC Tension nut has been developed for applications where it is difficult to use a pneumatic, electric or hydraulic tool to tighten the nut

Bolting technology supplier establishes base in South Africa 

By: Nadine James     23rd June 2017 German bolting technology company ITH officially opened its South African office in October last year, in order to service long-standing customers based in Africa, while also looking to expand geographically and grow its customer base and market share, says ITH South Africa GM Gys Nell. “We... 

Bolting technology supplier establishes base in South Africa
ITH South Africa GM Gys Nell discusses the background, aims and offering of the ITH group. Camerawork and Editing: Nicholas Boyd.

Drive supplier remains committed to continent

By: Nadine James     23rd June 2017 German drive engineering group SEW Eurodrive remains committed to Africa despite political and economic instability in parts of the continent, says local subsidiary SEW Eurodrive South Africa (SA). SEW Eurodrive SA MD Raymond Obermeyer says while the political upheaval and economic uncertainty... 

Infrastructure development key to accelerating growth, Gama avers 

By: Mia Breytenbach     23rd June 2017 Industrialisation and the provision of infrastructure will accelerate Africa’s economic growth, says State-owned logistics provider Transnet CEO Siyabonga Gama. Speaking at the International Heavy Haul Association (IHHA) Conference promotion breakfast, in Johannesburg, earlier this month, he... 

Infrastructure development key to accelerating growth,  Gama avers
SIYABONGA GAMA We need to make sure that Africa’s share of global trade continues to grow

Joint venture to boost localisation and skills development

By: Nadine James     23rd June 2017 STEAG EOH Energy Services, a strategic joint venture (JV) – formed in February by JSE-listed technology solutions provider EOH and German energy group STEAG Energy Services – has been actively pursuing opportunities in the local energy market, while identifying areas for localisation and skills... 

Local defence sector seeks strategic support from government

By: Keith Campbell     23rd June 2017 Pre-Cabinet level discussions are under way within the Government about transferring State-owned defence industrial group Denel from the aegis of the Department of Public Works to that of the Department of Defence (DoD). This was stated by Defence Secretary Dr Sam Gulube at a recent function... 

S Africa’s attractiveness to investors dependent on economic recovery

By: Nadine James     23rd June 2017 South Africa’s attractiveness to foreign investors in the future will depend a great deal on how it recovers from its latest economic knocks and political and policy developments, warns the Southern African-German Chamber of Commerce and Industry (SAGCCI). SAGCCI CEO Matthias Boddenberg explains... 

S Africa’s attractiveness to investors dependent on economic recovery
RESOLUTE RELATIONSHIP German businesses have deep roots in South Africa and are unlikely to pull out any time soon

Stenprop mulls London listing as it pursues UK prospects

By: Mia Breytenbach     23rd June 2017 Following the acquisition of a portfolio of 25 multilet industrial (MLI) properties in the UK earlier this month, JSE-listed property investment company Stenprop is  considering the merits of a conversion to real estate investment trust status, as well as a possible listing on the LSE. The... 

Stenprop mulls London listing as it pursues  UK prospects
Photo by Bloomberg
ATTRACTIVE MARKET Stenprop earlier this month announced the £130.5-million acquisition of a portfolio of multilet industrial (MLI) properties in the UK

Merkel calls for some EU-Africa trade contracts to be renegotiated

By: Reuters     20th June 2017 German Chancellor Angela Merkel on Monday called some of the European Union's trade agreements with Africa unfair and said they should be renegotiated. "We'll speak again at the EU Africa summit in autumn about how we need to renegotiate them," Merkel said at an event for non-governmental... 

Robo-adviser investment solution launched in SA

By: Schalk Burger     16th June 2017 Independent low-cost investment platform Itransact has launched a robo-advisor investment tool in South Africa that anyone can use to invest in exchange-traded funds- (ETF-) based market portfolios, says Itransact head Lance Solms. The ItransactGO solutions can be accessed on Itransact’s main... 

Robo-adviser investment solution launched in SA
LANCE SOLMS ItransactGO creates personal low cost investment portfolios or retirement annuities that track the market and automatically rebalance

Deteriorating trade conditions will contribute to higher unemployment – Sacci

By: Megan van Wyngaardt     14th June 2017 Trade conditions remained in negative territory in May, the South African Chamber of Commerce and Industry (Sacci) said on Wednesday, with its Trade Activity Index at 49. While this was an improvement on the 45 recorded in April, Sacci raised concerns about the index remaining below the neutral... 

Deteriorating trade conditions will contribute to higher unemployment – Sacci

DTI, UNDP collaborate to promote intraregional trade

By: Megan van Wyngaardt     12th June 2017 The Department of Trade and Industry (DTI) and the United Nations Development Programme (UNDP) have signed a memorandum of understanding (MoU) to implement the Centre for Trade and Regional Industrialisation’s programmes. The Pretoria-based centre, launched by Trade and Industry Minister Dr Rob... 

Lean technology approach helps mattress manufacturer remain competitive

By: Dylan Slater     9th June 2017 Langlaagte-based sleep products manufacturer the Bravo Group’s Sleep Factory attributes its lions’ share of the domestic premium sleep products market to an adoption of low technology processes, low levels of automation and, instead relying on a large labour-intensive workforce and refined... 

Lean technology approach helps mattress manufacturer remain competitive
Photo by Duane Daws
LOW-TECH APPROACH The Sleep Factory relies on a highly-skilled workforce, capable of easily switching between the manufacture of many different types of sleep products

Cape Town to host supply chain jamboree

By: Dylan Slater     2nd June 2017 Supply chain operations management association Sapics will focus on ‘Business Unusual’ for its upcoming yearly Sapics conference and exhibition for supply chain professionals, whereby delegates will be equipped to meet challenges linked to factors such as poor infrastructure and political... 

Cape Town to host supply chain jamboree
MUNGO PARK The impact of poor infrastructure, political uncertainty and a skills shortage crisis require supply chain management to be acknowledged at executive level

Connectivity – the next step for rail

By: Marleny Arnoldi     2nd June 2017 With the advent of the Internet of Things (IoT), it has become a necessity for commuters to be connected, and it is also essential for increased operational efficiency in railway networks. This connectivity can be achieved through WiFi networks, which are heading towards being a prominent... 

Connectivity  – the next step for rail
RIAAN GRAHAM An upcoming trend in the rail industry is cybersecurity, which is paramount when introducing a public Internet connectivity domain

Digital technology influences rail industry positively

By: Marleny Arnoldi     2nd June 2017 Rail infrastructure in South Africa is trending towards smart digital technologies that will influence the industry positively, says consulting engineers company Aurecon. “The integrated three-dimensional (3D) designs used particularly in South Africa are being used to plan and model rail... 

Digital technology influences rail  industry positively
FRANCOIS HEYNS It is not necessarily a case of building more infrastructure, but rather improving the efficiency of existing railways

On track for Africa Rail

By: Marleny Arnoldi     2nd June 2017 This month, business-to-business media company Terrapinn will host the twentieth annual Africa Rail exhibition and conference at the Sandton Convention Centre in Johannesburg, Gauteng, from June 13 to 14. Africa Rail provides an interactive platform for rail industry stakeholders to share... 

On track for Africa Rail
INCLUSIVE GROWTH Africa Rail provides an interactive platform for rail industry stakeholders with the view to improve railway performance and its contribution to economic development

$100-million loan for African infrastructure spending

By: Nadine James     26th May 2017 The Development Bank of Southern Africa (DBSA) and the Agence Française de Développement (AFD) in March signed a $100-million loan agreement aimed at furthering the DBSA’s infrastructure financing activity across Africa. This flexible credit line will focus on DBSA’s four strategic sectors:... 

Call for business to integrate enterprises into supply chains

     26th May 2017 Although both the public and private sector continue investing significant amounts in enterprise and supplier development, many of these efforts remain focused on small, medium-sized and microenterprises (SMME’s), says TSK Group FD Thuso Koboyatau. He states that, “In an environment such as South... 

Call for business to integrate enterprises into supply chains
Photo by Duane Daws
NEW FOCUS MAY SAVE CONSTRUCTION Qualifying small enterprise have been somewhat neglected, but could be key to addressing South Africa’s socioeconomic problems

Civil work, settlement agreement position company for future growth

By: Nadine James     26th May 2017 A minuscule uptick in civil tenders, private sector projects and a recent development agreement with a multinational construction group have ensured that emerging construction group Motheo Construction is well positioned for future growth. One of the project’s the group has secured is the... 

Civil work, settlement agreement position  company for future growth
ARCHIE RUTHERFORD The canning factory project started in November 2015, following the joint venture agreement to establish Gayatri Cans

Earthworks for 42 500 m2 office to start in August

     26th May 2017 Bulk earthworks for the 42 500 m2 property that hosts auditing and consulting firm Deloitte South Africa’s new Gauteng office is excepted to start in August, with construction expected to start in the fourth quarter of this year. Property development company Atterbury announced last month that it... 

Earthworks for 42 500 m2 office to start in August
ULTRA MODERN The premises has capacity for about 5 000 people and will consolidate Deloitte’s current Woodmead and Pretoria offices in a single central location

New torque limiter sizes added to developer’s range

     26th May 2017 Power transmission component developer KTR has extended its line of lightweight torque limiters overload couplings by adding two new sizes. 

Planned infrastructure development presents milling opportunities  

By: Nadine James     26th May 2017 The planned and ongoing infrastructure development taking place locally and on the rest of the continent presents opportunities for securing work for civil and road infrastructure projects, says road milling company Road Milling and Sweeping (RMS). “The number of planned infrastructure projects... 

Planned infrastructure development presents milling opportunities
Road Milling and Sweeping GM Lesley Kafka discusses the company’s business objectives and relationship with equipment supplier Wirtgen. Camerawork: Nicholas Boyd. Editing: Lionel da Silva.

Range of power transmissions showcased at fair

     26th May 2017 At the seventh edition of the yearly Italian Automation Fair (SPS Italia), held in Parma from May 23 to 25, a number of power transmission components companies showcased a range of power transmission and motion control solutions. 

Work-based experience for graduate interns

By: Mia Breytenbach     26th May 2017 Technology ecosystem company Resolution Circle has welcomed 115 South African graduates to its graduate internship programme, which aims to develop them into high-quality, employable individuals that can excel in South Africa’s economy. Resolution Circle, an ‘idea-to-barcode’ ecosystem that... 

Work-based experience  for graduate interns
GAINING EXPERIENCE Resolution Circle’s internship will provide the 115 participants with practical skills in decision making and client services

‘Hard Brexit’ may have negative consequences for South Africa

By: Terence Creamer     18th May 2017 British economist Professor Peter Sinclair warns that a so-called “hard Brexit” could have negative spill over consequences for South Africa, which has strong economic ties not only with the UK, but also several countries in the European Union (EU) that could be negatively affected by such and... 

‘Hard Brexit’ may have negative consequences for South Africa
Photo by Duane Daws
British economist Professor Peter Sinclair

South Africa’s Agoa eligibility likely to come under pressure before 2025, trade expert warns 

By: Terence Creamer     17th May 2017 A leading trade expert is urging those South African businesses currently benefiting from preferential market access to the US under the Africa Growth and Opportunity Act (Agoa) to begin to “wean” themselves off such benefits, owing to the increased risk of those preferences being revoked ahead... 

South Africa’s Agoa eligibility likely to come under pressure before 2025, trade expert warns
Tutwa Consulting Group MD Peter Draper

Court ruling means new approach needed for SA’s nuclear programme

By: Keith Campbell     12th May 2017 The South African Nuclear Energy Corporation (Necsa) called for “caution and common sense” in the press release it issued on April 28 in response to the Western Cape High Court judgement on April 26, which set aside as unconstitutional and unlawful certain policy decisions and intergovernmental... 

Eastern Cape sets sights on becoming Africa’s leading fuel bunkering centre

By: Mia Breytenbach     12th May 2017 Following the successful introduction of a deep-sea bunkering service off the coast of  Port Elizabeth, in the Eastern Cape, the province has set itself the target of being the leading bunkering stopover in Africa, states Eastern Cape MEC for Rural Development and Agrarian Reform Mlibo... 

Eastern Cape sets sights on becoming Africa’s leading fuel bunkering centre
Photo by Duane Daws
TARGETING OPPORTUNITIES The Eastern Cape province is targeting liquid fuels, bunkering services and biofuels, gas-to-power generation and a commercial and industrial gas industry

New block-making business trailer at Nampo Harvest Day show

By: Victor Moolman     12th May 2017 Block making machine manufacturer Hydraform will be launching the new M9 business on a trailer block making machine at Nampo Harvest Day show to be held from May 16 to 19, in the Free State. Hydraform marketing coordinator Ryno Saayman explains that while the M9 business on a trailer block making... 

‘Dynamite’ GDP growth comes in small private-equity investment packages

By: David Oliveira     12th May 2017 According to a report by economic advisory service provider The Economist Corporate Network (ECN) every 0.01% increase in private equity (PE) investment penetration into Africa’s gross domestic product (GDP) would inject an incremental $1.1-billion investment over the next five years, providing a... 

SAA wins another air freight award

By: Keith Campbell     11th May 2017 In some good news for national flag carrier South African Airways (SAA), the company’s air freight division, SAA Cargo, has been voted the Best Cargo Airline – Africa at the 2017 Air Cargo Airline of the Year Awards. The voting was done by readers of “Air Cargo News”. “We are very proud to have... 

SAA wins another air freight award
Cargo is loaded into the belly hold of an SAA airliner at Johannesburg’s OR Tambo International Airport

Trade conditions remain muted as peripheral matters weigh

By: Megan van Wyngaardt     11th May 2017 Local trade conditions have remained in negative territory in April, with the South African Chamber of Commerce and Industry’s (Sacci’s) Trade Activity Index (TAI) weakening further to 45 from 46 in March. The index has remained below the neutral 50-point level since October 2016. 

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