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Trade News

Omnia files contempt of court case at Foskor over contentious phosphoric acid pricing

By: Dylan Slater     8th December 2017 Diversified chemicals producer Omnia has filed a contempt of court case against phosphates and phosphoric acid producer Foskor over the alleged breaching of a court order by the Competition Tribunal 

Battling threat of sugar tax, excessive imports and low price

By: Victor Moolman     8th December 2017 The large amount of sugar being imported into South Africa has caused the country’s sugar industry, which may soon be further compromised by the introduction of a sugar tax, to start exporting sugar at world market prices to offload excess sugar, which it is unable to sell locally. While opposing... 

Battling threat of sugar tax, excessive imports and low price
Photo by Victor Moolman
DEDICATED TO SUGAR CANE Large parts of KwaZulu-Natal and Mpumalanga, about 360 000 ha, are dedicated to growing sugar cane

Jasco slashes carbon footprint with solar energy solution

By: Nadine James     8th December 2017 Technology solutions provider Jasco’s Power Solutions & Renewable Energy team will leverage its experiences from its successful solar project as a base for understanding the engineering, procurement and construction requirements for solar energy systems in high-end residential, commercial and... 

Blockchain set to change transactions, information flow and business processes

By: Schalk Burger     8th December 2017 Trust is the underlying factor supporting financial systems – from the value of currency and financial transactions to public spending. Similarly, trust underpins almost all information transfers, and money is a medium that allows people to communicate value throughout an economy, says financial... 

Blockchain set to change transactions, information flow and business processes

Afrimat construction index reveals quarterly improvement

By: Dylan Slater     7th December 2017 Construction activity in South Africa improved quarter-on-quarter from Q2 to Q3, according to material building company Afrimat’s Construction Index (ACI)  

South Africa, Norway announce new oceans research programme

By: Anine Kilian     6th December 2017 The Norwegian Embassy in South Africa, together with the Department of Science and Technology (DST), has signed a declaration of intent to develop a new bilateral research programme focused on the oceans economy. The intent for the development of the programme, called the South Africa-Norway... 

South Africa, Norway announce new oceans research programme
DST International Cooperation and Resources deputy-director-general Daan du Toit and Norwegian Ambassador to South Africa, Botswana, Madagascar and Namibia Trine Skymoen

Tanzania-Zambia railway halts copper transportation after strike

By: Reuters     6th December 2017 The Tanzania-Zambia Railway Authority (TAZARA) has suspended all train services, including the transportation of copper following a strike by workers in Africa's second-largest producer of the metal, the company said on Wednesday. The line is an important route for copper exports from Zambia and... 

Africans must drive African trade – Zuma

By: African News Agency      5th December 2017 President Jacob Zuma has said that Africa needs to develop its manufacturing capabilities, achieve industrialisation and drive intra-African trade to reverse the continental trend of exporting raw materials and importing finished goods. Zuma was speaking at the inaugural African Terminal... 

 Africans must drive African trade – Zuma
President Jacob Zuma

CIPC collaboration with banks to extend to BEE certification

By: Nadine James     1st December 2017 Company registration and business licensing organisation, the Companies and Intellectual Property Commission (CIPC) reports that companies will soon be able to attain black economic empowerment (BEE) certificates from South Africa’s four main banking institutions. CIPC commissioner Advocate Rory... 

Company expands diesel supply to include buses

By: Tasneem Bulbulia     24th November 2017 Wholesale prices fuel supplier Next Grace Investments is providing a valuable diesel supply solutions for clients in the bus and truck industry. During the Gauteng Bus Indaba and Strategic Planning Workshop, held in September at the Nasrec Expo Centre, in Johannesburg, Next Grace Investments... 

Company expands diesel supply to include buses
PARKING THE BUS Next Grace Investments’ depots enables buses and trucks to refuel and park at the facilities, while drivers have access to food and shower facilities

Declining industry could compromise steel industry quality standards

By: Nica Schreuder     24th November 2017 Cost-cutting measures have been forced upon companies that wish to remain in business in the steel construction and cladding sector, however, this could have a major impact on product safety and performance, with price considerations often taking precedence over quality and safety.... 

Declining industry could  compromise steel industry  quality standards
DODDS PRINGLE Clients must be aware of advertised quality standards in the steel construction industry

Microgrids add new arrow to Africa’s electricity access quiver

By: Mia Breytenbach     24th November 2017 The launch of a R25-million solar energy, lithium-ion battery storage microgrid on Robben Island – the World Heritage Site in Table Bay, Cape Town, which, until recently, relied on diesel to generate electricity – not only showcases the versatile advantages of microgrid technology, but also... 

Microgrids add new arrow to Africa’s electricity access quiver

GirlCode floats ambitions of becoming world’s largest women's digital agency

By: Dylan Slater     23rd November 2017 Nonprofit organisation (NPO) GirlCode, which aims to empower women in the technology sector, on Thursday revealed its new programmes for 2018, as well as its Vision 2030 ambitions, which includes reaching ten-million women by 2030. GirlCode chairperson Zandile Keebine commented that reaching that... 

New Diepsloot mall opened to address access to community-specific retail requirements

By: Dylan Slater     23rd November 2017 A new 18 000 m² single-level semi-enclosed shopping mall in Diepsloot West, Gauteng, opened to the public on Thursday. 

New Diepsloot mall opened to address access to community-specific retail requirements
An artists illustration of how the Bambanani Shopping Mall will look in Diepsloot

Landmark projects help Esor to improve performance in tough market

By: Dylan Slater     17th November 2017 Despite challenging market conditions and a deteriorating market environment for the six months ended August 31, JSE-listed civils and construction group Esor recorded a “significant improvement” in its finances, with profit before tax of R3.1-million, compared with a loss recorded in February.... 

400 emergency shutdown valves supplied to Oman petrochemicals project

     10th November 2017 Industrial product supplier Metso supplied 400 industry-leading Neles emergency shutdown (ESD) valves for an ethylene cracker as part of the new Liwa Plastics Industrial Complex (LPIC) project in Oman. The new complex will process light ends produced in State-owned oil company Oman Oil Refineries... 

400 emergency shutdown valves supplied to Oman petrochemicals project
SOHAR REFINERY Orpic is undertaking strategic growth projects including the Sohar Refinery Improvement Project and the Liwa Plastics Industrial Complex

New course for employees to launch in 2018

By: Nadine James     10th November 2017 Germiston-based valves company Invincible Valves has established a bursary competition for schools within its community, scheduled to be launched in January next year. The competition will be open to matric students taking mathematics and science as subjects, and who have an interest in... 

New course for employees to launch in 2018
COMMITTED TO EDUCATION The training facility, operational since May this year, caters for 12 employees who will be completing three valves training course

Company offers valve solutions for abrasive, slurry applications

     10th November 2017 ARVALV through-port knife-gate valves have long been the product of choice for challenging abrasive and scaling applications at plants and facilities where extended service life is a must, states valve and instrumentation supplier AR Controls. The ARVALV range is manufactured, stocked, and... 

Company offers valve solutions for abrasive, slurry applications
ARVALV KNIFE-GATE VALVES Unlike traditional push-through knife-gate valves, the partially-energised seats remain in their natural state when the gate is retracted

Gas company secures onshore petroleum production right

By: Mia Breytenbach     10th November 2017 The Petroleum Agency of South Africa has granted integrated alternative and renewable-energy business Renergen’s Tetra4 subsidiary environmental authorisation for its Free State natural gas development. The authorisation, the processing of which has taken more than two years, with multiple rounds... 

Gas company secures onshore petroleum production right
PRODUCTION EXPANSION While Tetra4 already produces compressed natural gas, new expansions will include the liquefaction of the gas – the first in South Africa

South African rail operator rebrands, expands offering

By: Mia Breytenbach     10th November 2017 Following the investment by the Pan-African Infrastructure Development Fund 2 (PAIDF2), managed by Pan-African fund manager Harith General Partners, in South African locomotive and rail operator Sheltam Group in June, the company has launched several initiatives to enhance its offering to the... 

South African rail operator rebrands, expands offering
NEW FACE New initiatives for Sheltam Group include the rebranding to Traxtion

New carton recycling plant enhances recycling of liquid packaging

By: Dylan Slater     10th November 2017 An investment of R46-million in a first-of-its-kind recycling plant in South Africa – commissioned in July after a six-month construction period – at the Springs-based recycling facility of paper and plastics packaging company Mpact, is set to reduce the volume of liquid-packaging cartons going... 

New carton recycling plant enhances recycling of liquid packaging

Upcoming energy event to showcase African project opportunities  

By: Simone Liedtke     10th November 2017 A key focus point of the African Energy Indaba (AEI) – which celebrates its ten-year milestone next year – is to provide access to project opportunities across the African continent. 

Upcoming energy event to showcase African project opportunities
Africa Energy Indaba (AEI) MD Liz Hart, AEI chairperson Brian Statham and South African Electrotechnical Export Council CEO Chiboni Evans discuss the AEI next year. Camera: Nicholas Boyd. Editing: Lionel da Silva.

Flexible solution caters to SMEs

     3rd November 2017 Self-storage and business storage solutions company XtraSpace launched a new warehousing service this month, aimed at “disrupting the traditional warehousing industry.” The service is also providing an opportunity for smaller businesses and entrepreneurs to use storage space. 

Flexible solution  caters to SMEs
FLEXIBLE SPACE XtraSpace’s storage solution allows for any size business to take advantage of its flexi-storage facilities

Logistics property fund seeking development opportunities in South Africa, UK

By: Mia Breytenbach     3rd November 2017 JSE-listed specialist logistics property developer and landlord Equites Property Fund, which has a R1.3-billion development pipeline in progress, is pursuing various development opportunities, in South Africa and in the UK. Equites’ local growth strategy is focused on the development of... 

Logistics property fund seeking development  opportunities in South Africa, UK
LET PORTFOLIO Equites Property Fund has completed the 28 527 m2 distribution centre and head office for Röhlig-Grindrod, in Meadowview, which is being let on a ten-year lease

Conference aims to strengthen cross-border relations

By: Nadine James     27th October 2017 The prospects for wind power within and beyond the Renewable Energy Independent Power Producer Procurement Programme (REIPPPP) will be discussed at this year’s Windaba conference and exhibition, exploring opportunities outside South Africa’s borders, and consider ways of establishing cross-border... 

Conference aims to strengthen cross-border relations
ANSWERS IN THE WIND The Windaba programme has been designed to be relevant regardless of whether the mid-term outlook is good or uncertain

UCT’s business school to participate in UN programme research council

By: Mia Breytenbach     27th October 2017 The University of Cape Town’s (UCT’s) Graduate School of Business (GSB) has been named as one of nine leading universities to be part of a partnership with the United Nations Development Programme (UNDP) to develop a research agenda that will better leverage private investment to finance the... 

Proper lubrication directly correlates with safety

     27th October 2017 Lubrication can have a big impact on the safety of wind turbine operations by reducing operational safety risk at an operation during equipment servicing and maintenance, says oil company ExxonMobil Europe, Africa and Middle East (EAME) SHC brand adviser Rainer Lange. He explains that, inspecting... 

Proper lubrication directly correlates  with safety
Photo by Bloomberg
GREASE THE SKIDS Reducing human-machine interaction requires having a robust lubrication programme that prevents unnecessary downtime and extends the service intervals of wind turbine equipment

Rotor blade manufacturing facility officially opens in Tangier

     27th October 2017 Wind turbine components manufacturer Siemens Gamesa Renewable Energy (SGRE) officially inaugurated its new rotor blade factory in Tangier, Morocco, earlier this month, at an event chaired by Moroccan Minister of Industry, Investment, Trade and Digital Economy, Moulay Hafid El Alamy, and Siemens... 

Local stainless steel industry remains optimistic

By: Robyn Wilkinson     27th October 2017 While South African demand for stainless steel is under severe pressure, the potential for growth once the local economy improves is strong and distributors are starting to position themselves strategically to take advantage of this, says stainless steel producer Columbus Stainless CEO Lucien... 

Local stainless steel  industry remains optimistic
CAUTIOUS OPTIMISM The global stainless steel market had a strong run early this year, on the back of substantial chromium and nickel price increases at the end of last year, which continued into 2017

Family-owned businesses outperform peers, report shows

By: Mia Breytenbach     27th October 2017 Family-owned companies have outperformed broader equity markets in every region and sector, according to the Credit Suisse Research Institute’s (CSRI’s) ‘The CS Family 1000’ report, which reviews the investment case for family-owned companies. The financial performance of family-owned companies... 

South African aerospace and defence company extends aircraft training with new fighter jets

By: Dylan Slater     27th October 2017 Aerospace and defence company Paramount Group has acquired four dual-seat Mirage F1 fighter aircraft to enhance its existing pilot training capability.  

South African aerospace and defence company extends aircraft training with new fighter jets
MIRAGE F1 Paramount Group bought four Mirage F1 fighter jets from the French Government to assist in pilot training

Work drying up in Western Cape drought

By: News24Wire      26th October 2017 Red flags were raised over possible civil unrest in the Western Cape due to the predicted loss of around 50 000 jobs as the drought hammers the province's vital agricultural sector, a joint parliamentary committee sitting heard on Wednesday. "The impact on the economy is worse for the... 

US Energy Secretary defends its stance on nuclear and clean coal

By: Kim Cloete     26th October 2017 US Energy Secretary Rick Perry has defended the US government’s suggested pivot towards clean coal and nuclear energy, saying nuclear and coal producers had been discriminated against in the Obama era. “Basically, we’re saying the government is going to be fair to nuclear and coal . . . no... 

US to strengthen energy partnerships in Africa, says US Energy Secretary

By: Kim Cloete     25th October 2017 US Energy Secretary Rick Perry says his government is committed to strengthening its energy partnerships with African countries, but has called for a clear and transparent regulatory environment. “There is no more important message that governing bodies can send to both the US government and the... 

US to strengthen energy partnerships in Africa, says US Energy Secretary
US Energy Secretary Rick Perry

South Africa to upgrade ports of entry to boost regional trade, says Gigaba

By: African News Agency      25th October 2017 South African Finance Minister Malusi Gigaba on Wednesday said government was planning to upgrade the country’s key ports of entry in a bid to improve regional trade and curb slow economic growth. Gigaba said that there were many opportunities across the Sub-Saharan African region that South... 

South Africa to upgrade ports of entry to boost regional trade, says Gigaba

Davies raises concern over increasing trade protectionism

By: Creamer Media Reporter      20th October 2017 Trade and Industry Minister Dr Rob Davies on Friday raised concern over a rise in trade protectionism. Davies, attending the twentieth African, Caribbean and Pacific (ACP) Ministerial Committee meeting, in Brussels, this week, said sanitary and phytosanitary (SPS) measures and standards were... 

Digital disruption to drive financial inclusion in Africa

     20th October 2017 Digital disruption in the financial services sector is likely to gain further momentum and lead to exciting new business models that will facilitate financial inclusion in Africa, says advisory services provider Deloitte Africa financial services industry leader Roger Verster. 

Digital disruption  to drive financial  inclusion in Africa
Photo by Bloomberg
DIGITAL DISRUPTION Mobile wallet solution m-Pesa is now available in ten countries and has a customer base of about 30-million active users
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