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Aug 29, 2014
South Africa's trade deficit widened more than expected to R6.88-billion rand ($648-million) in July, from a R190-million rand shortfall in June, data from the South African Revenue Service showed on Friday. Economists had expected a R3.2-billion gap, but the number...
Aug 29, 2014
Welding and construction-related equipment supplier Renttech South Africa’s acquisitions of East London-based gas and welding supplier East Coast Industries (ECI), in July, has offorded Renttech South Africa a far greater presence in the Eastern Cape. “With...
Aug 26, 2014
Article contains comments
Trade and Industry Minister Dr Rob Davies
Trade and Industry Minister Dr Rob Davies has urged the public not to make use of so-called “runners”, who claimed that the only way to get a company registered at the Companies and Intellectual Property Commission (CIPC) was to pay them a fee. Responding to...
Aug 25, 2014
A delegation of 29 export-ready companies supported by the Department of Trade and Industry (DTI) have arrived in Maputo, Mozambique, to showcase South African products and services at the fiftieth Jubilee of the Feira International de Maputo (Facim) Fair between...
Aug 20, 2014
Dr Rob Davies
With the preparations for ten new special economic zones (SEZs) to be completed within the next six months, the Portfolio Committee on Trade and Industry said on Wednesday it was pleased with the progress made by the Department of Trade and Industry (DTI) in this...
Aug 19, 2014
Article contains comments
Dr Rob Davies
Trade and Industry Minister Dr Rob Davies has lauded the success of the Companies Act of 2008, which, when it was implemented in 2011, had many stakeholders nervous of South Africa’s readiness to embrace such a major reform. Speaking at the Company Law Symposium,...
Aug 15, 2014
Article contains comments
While certain business representative bodies have thrown their weight behind government's initiative to create a class of black industrialists within the next three years, black economic-empowerment (BEE) advisory firm EconoBEE believes that the related matter of...
Aug 14, 2014
Article contains comments
The Department of Trade and Industry (DTI) intends to make sweeping changes to black economic-empowerment (BEE) certification processes and preferential procurement policy in a bid to create a class of black industrialists and accelerate “radical” transformation...
Aug 14, 2014
Aug 12, 2014
Aug 12, 2014
Aug 12, 2014
 
 
 
Aug 12, 2014
The financial impact of ineffective procurement in Africa, calculated as value leakage, is estimated at a “staggering” $31.5-billion for the continent and $24.9-billion for sub-Saharan Africa, a recent report by professional services firm KPMG has revealed....
Aug 08, 2014
Jacob Zuma and Michelle Bachelet Jeria
Trade, investment, and military cooperation were discussed when President Jacob Zuma met his Chilean counterpart Michelle Bachelet Jeria at the Union Buildings in Pretoria on Friday. "Chile has expressed interest in South Africa's master energy plan and we have...
Aug 08, 2014
Article contains comments
AU commission chair Nkosazana Dlamini-Zuma
If the US does not take more interest in Africa it is going to lose out, African Union (AU) commission chair Nkosazana Dlamini-Zuma said on Thursday. "It's in their advantage to know what's happening in Africa because if they don't come to the party eventually the...
Aug 08, 2014
President Jacob Zuma
A commitment for the renewal of the African Growth and Opportunity Act (Agoa) was secured at the US-Africa Leaders Summit held in Washington, President Jacob Zuma said on Thursday. "We successfully conveyed the message that South Africa's graduation from Agoa would...
Aug 07, 2014
Minister in The Presidency Jeff Radebe
Minister in The Presidency Jeff Radebe confirmed on Thursday that the National Planning Commission (NPC) would be retained alongside moves to institutionalise long-term planning within government. Speaking at the formal release of the five-year Medium-Term Strategic...
Aug 07, 2014
After picking up marginally in June to 89.7 from 88.9 in May, the South African Chamber of Commerce and Industry’s (Sacci’s) Business Confidence Index (BCI) declined to 87.9 in July – its lowest level since the 86.9 recorded in September 1999. On a...
Aug 07, 2014
Trade and Industry Minister Rob Davies
Highlights of the US-Africa Leaders Summit focused on the economy, however the US made no commitments at the conclusion, Trade and Industry Minister Rob Davies said on Wednesday. "Many [leaders] spoke about how the economic performance of Africa was much improved,"...
Aug 06, 2014
To differentiate itself from other countries on the continent vying for the attention of Africa-focused foreign direct investment, South Africa would do well do adopt a “nation brand” approach that emphasises its uniquely positive attributes and distanced it from...
Aug 06, 2014
Article contains comments
President Barack Obama
African leaders on Tuesday called for a deeper economic relationship with the US, hailing investment pledges totaling more than $17-billion at a Washington summit as a fresh step in the right direction. US and African companies and the World Bank pledged new...
Aug 06, 2014
President Barack Obama
When President Barack Obama made his first extended trip to Africa last year as the world's most powerful leader, he tried to assuage a continent largely disappointed in its famous favorite son. The first African-American president, Obama had given scant focus to his...
 
 
 
 
Aug 05, 2014
Trade and Industry Minister Dr Rob Davies
Trade and Industry Minister Dr Rob Davies was positive about South Africa's future in the African Growth Opportunity Act (Agoa) following a ministerial meeting in Washington on Monday. "What we heard today is positive, it does create a basis for us to move further...
Aug 04, 2014
Trade ties between the United States and Africa will be hit if the US Congress decides to close the Export-Import bank, the Financial Times reported General Electric Co Chief Executive Jeff Immelt as saying. The Ex-Im Bank provides loans, loan guarantees and credit...
Aug 04, 2014
The US will announce nearly $1-billion in business deals, increase funding for peacekeeping and commit billions of dollars to expanding food and power programmes in Africa during a summit this week, US and development officials say. US officials said the August 4 to...
Aug 01, 2014
South Africa is largely considered by its counterparts in the Brazil, Russia, India, China and South Africa (Brics) grouping as being the “pathfinder” on the road to the development of the Brics New Development Bank (NDB), having chaired the coalition since 2013...
Aug 01, 2014
WTO director-general Roberto Azevedo
The World Trade Organization failed on Thursday to reach a deal to standardise customs rules, which would have been the first global trade reform in two decades but was blocked by India's demands for concessions on agricultural stockpiling. "We have not been able to...
Aug 01, 2014
Aug 01, 2014
Trade and Industry Minister Dr Rob Davies
South Africa has been at the centre of exploring trade opportunities between the United States and Africa, Trade and Industry Minister Dr Rob Davies said on Thursday. "We've been the root of exploring the free trade area with the US... and that is a point which is...
Jul 30, 2014
Article contains comments
Trade and Industry Minister Dr Rob Davies has issued, for public comment, the application for the designation of an industrial development zone (IDZ) at Tshiame, in Harrismith, in the Free State, as well as the granting of an operator’s permit for an IDZ. The...
Jul 28, 2014
Rob Davies
South Africa will use the upcoming US-Africa Leaders' Summit, which will also encompass the 2014 edition of the Africa Growth and Opportunity Act (Agoa) Forum, to appeal for a 15-year extension of the nonreciprocal trade arrangement, as well as South Africa’s...
Jul 28, 2014
President Jacob Zuma
South Africa and Lesotho are expected to strengthen bilateral relations when President Jacob Zuma kicks off his working visit to Lesotho, on Tuesday.  During the visit, Zuma is expected to discuss bilateral cooperation and regional and multilateral matters with the...
 
 
 
 
Jul 26, 2014
The head of economics and trade at the Delegation of the European Union (EU) in Pretoria has acknowledged South Africa’s trade negotiators won important concessions in the long-running Economic Partnership Agreement (EPA) trade talks. But he says it was South...
Jul 25, 2014
Private equity investor Actis has “substantially” exited from financial services provider, Alexander Forbes Group, offloading 9% of its 13% stake in an oversubscribed offer through the JSE. Alexander Forbes relisted on the JSE on Thursday.
Jul 25, 2014
Roberto Azevêdo
World Trade Organisation (WTO) director-general Roberto Azevêdo assured the organisation’s General Council on Thursday that trade will continue to be a focus in the post-2015 Development Agenda, with a primary goal being the achievement of a “significant”...
Jul 24, 2014
Despite a degree of ambiguity around the transfer of small business-focused promotion programmes from under the auspices of the Department of Trade and Industry (DTI) to the newly formed Department of Small Business Development (DSBD), Small Business Development...
Jul 23, 2014
Dr Rob Davies
The Department of Trade and Industry (DTI) is preparing to table two new Bills with Parliament this year, Trade and Industry Minister Dr Rob Davies said in reply to a Parliamentary question. The contested Licensing of Businesses Bill, which was published for public...
Jul 23, 2014
Article contains comments
The Department of Trade and Industry (DTI) will move decisively to develop bolder instruments to support black industrialists and youth. Delivering the department’s Budget Vote on Tuesday, Trade and Industry Deputy Minister Mzwandile Masina said they will develop...
Jul 23, 2014
Elizabeth Thabethe
In her first Budget Vote speech as Deputy Minister of the newly created Department of Small Business Development (DSBD), Elizabeth Thabethe has assured Parliament that the department will “aggressively” explore opportunities for small, medium-sized and...
Jul 23, 2014
Article contains comments
Trade and Industry Minister Dr Rob Davies has assured that the Department of Trade and Industry (DTI) would be “playing its part” in ensuring that government procured 75% of its goods and services from local companies, announcing on Tuesday the next designation...
Jul 21, 2014
Trade and Industry Minister Dr Rob Davies
South Africa’s Trade and Industry Minister Dr Rob Davies views the easing of export-tax restrictions on mineral products in the recently agreed Economic Partnership Agreement (EPA) as an important improvement over the Trade, Development and Cooperation Agreement...
Jul 18, 2014
The Export Credit Insurance Corporation of South Africa (ECIC) has entered into a memorandum of understanding (MoU) on cooperation with the export credit insurance agencies (ECAs) of the other Brics member countries – Brazil, Russia, India and China. The MoU, which...
 
 
 
 
Jul 18, 2014
The long-running and highly contested Economic Partnership Agreement (EPA) negotiations between seven Southern African countries and the European Union (EU) have been concluded, with South Africa insisting that the new deal preserves coherence within the Southern...
Jul 17, 2014
National Treasury has called for public comment on new draft tax amendment Bills, giving effect to proposals announced in the 2014 Budget. Stakeholders would have until August 17 to table their views on the 2014 draft Taxation Laws Amendment Bill (TLAB), the 2014...
Jul 17, 2014
Article contains comments
Finance Minister Nhlanhla Nene
South Africa’s Finance Minister Nhlanhla Nene is optimistic that the first commitment by the ‘New Development Bank’, which was officially approved for establishment by the governments of Brazil, Russia, India, China and South Africa at the sixth Brics Summit in...
Jul 17, 2014
Article contains comments
China cannot be concerned about only itself and must join a development bank being created by emerging market nations as its economy is intertwined with that of the world, the Chinese central bank said on Thursday. In a short defence of why China will invest...
Jul 15, 2014
While overall trade conditions and trade expectations remained weak in June, trade activity showed a modest month-on-month uptick, with the South African Chamber of Commerce and Industry’s (Sacci’s) seasonally adjusted composite trade activity index (TAI)...
 
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