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Jan 30, 2015
South Africa's cumulative trade deficit was R95.3-billion in 2014, the South African Revenue Service (Sars) said on Friday. In 2013, it was R71.4-billion, Sars said in a statement.
Jan 30, 2015
The South African Chamber of Commerce and Industry’s (Sacci’s) seasonally adjusted Trade Activity Index (TAI) increased marginally to 56 in December, compared with 54 in November.
Jan 29, 2015
Foreign direct investment (FDI) inflows to Africa fell by 3% to around $55-billion in 2014, amid an 8% fall in global inflows to an estimated $1.26-trillion, from $1.36-trillion in 2013. In its Global Investment Trends Monitor, the United Nations Conference on Trade...
Jan 27, 2015
Petochemicals group Sasol and the Lion Match Company have inked a deal that will see Sasol subsidiary and candle manufacturer Price’s Candles being absorbed into Lion’s portfolio of homecare brands. Lion Match Company group CEO Alisdair Sinclair said the acquisition...
Jan 23, 2015
Article contains comments
The Department of Trade and Industry (DTI) has rejected claims by black economic-empowerment (BEE) advisory firm EconoBEE that there is likely to be a delay to the scheduled May 1 implementation of the revised BEE Codes of Good Practise. “We are on track for the May...
Jan 23, 2015
Article contains comments
President Jacob Zuma and Netherlands Prime Minister Mark Rutte have identified agriculture, ports and water and sanitation as some of the key areas to enhance cooperation between their two countries. President Zuma held a bilateral meeting with Prime Minister Rutte...
Jan 22, 2015
A new process of consultations aimed at accelerating agreements over a work programme to complete the Doha Development Agenda (DDA) has kicked off, the World Trade Organisation (WTO) said this week. During the first 2015 open-ended meeting with all members on...
Jan 15, 2015
Finance Minister Nhlanhla Nene
Finance Minister Nhlanhla Nene, accompanied by Communications Deputy Minister Stella Ndabeni-Abrahams, met with the CEOs and business executives of South Africa’s leading firms on Thursday to discuss the key messages South Africa would be taking to the World Economic...
Jan 15, 2015
Jan 14, 2015
Jan 14, 2015
Jan 12, 2015
Article contains comments
 
 
 
Jan 09, 2015
Article contains comments
International Relations and Cooperation Minister Maite Nkoana-Mashabane says South Africa is certain that the Indian government and business sector will partner with it to implement the National Development Plan (NDP). She said the two countries can jointly explore...
Jan 09, 2015
International Relations and Cooperation Deputy Minister Luwellyn Landers
South Africa has assumed the chair of the Group of 77 (G77) – the largest coalition of developing countries in the United Nations (UN), which enables Southern Hemisphere countries to articulate and promote their collective economic interests. The collective also...
Jan 05, 2015
A multidonor programme that helps developing countries become more active in global trade – the Enhanced Integrated Framework (EIF) – will have its mandate extended into a new phase, the World Trade Organisation (WTO) has announced. The EIF was currently assisting 50...
Dec 12, 2014
Trade and Industry Minister Dr Rob Davies
In a bid to curb illegal and harmful substandard products imported into the country, government on Friday destroyed products worth R13.2-million that were found to compromise the safety of consumers with defects that could not be corrected.
Dec 10, 2014
The South African Chamber of Commerce and Industry’s (Sacci’s) Trade Activity Index (TAI) remained in positive territory in November, measuring 59 compared with 57 in October, despite electricity supply disruptions in late November, the chamber revealed in its trade...
Dec 08, 2014
Restaurant franchisor Famous Brands has acquired a controlling 75% stake in Cater Chain Food Services, a local business distributing primarily red meat products to customers across South African and into certain markets in Africa.  Established in 2004, Cater Chain...
Dec 05, 2014
South Africa and China this week entered into several strategic agreements to strengthen bilateral relations, trade cooperation and create sustainable mutual investment opportunities. The two countries signed a five- to ten-year Strategic Programme on Cooperation...
Dec 05, 2014
CHALLENGING FUTURE The road freight industry will contend with several challenges in 2015, including broad-based black economic-empowerment (BBBEE) codes
The road freight industry is finding it difficult to remain sustainable, with road freight demand to remain flat as a “best case scenario”, despite yearly inflationary growth and social growth trends, says industry body the Road Freight Association (RFA).  “Although...
Dec 05, 2014
ATTRACTIVE PROSPECT The fleet management industry can deliver significant efficiency and uptime to the courier and freight industry
As the courier and freight services industries adapt to more complex and sophisticated environments, and after several years of growth, outsourcing fleet management services will become increasingly attractive, says fleet administrator Imperial Fleet Management (IFM)...
Dec 05, 2014
FUELLING DRIVER Businesses that rely on the courier and express parcel sector is a key industry driver, making the sector the “fastest-growing sector of the transport industry”
Representative association for express freight and the courier industry the South African Express Parcel Association (Saepa) notes that businesses that rely on the courier and express parcel (CEP) sector for urgent, secure and efficient procurement and distribution...
 
 
 
 
Dec 05, 2014
LATEST ADDITION The White Container can be used for shipments requiring temperatures between 2 °C and 8 °C and between 5 °C and 25 °C
Airline Emirates SkyCargo’s freight division has launched an internally developed and cost effective LD3 container that keeps temperature-sensitive cargo cool when transported on the ground and in the air. “Called the ‘White Container’, it’s the latest addition to...
Dec 05, 2014
TRACKING PROGRESS Customers expect logistics service providers to have technology systems for supply chain visibility
Express courier service TNT Express launched their mobile sales force (MSF) programme last month to equip its sales force with the necessary tools in a single iPad to assist customers, says TNT national sales and marketing director Shane de Beer. “TNT’s MSF...
Dec 02, 2014
The Department of Trade and Industry (DTI) is in the throes of establishing a “platform” through which it and other State-owned companies (SOCs) and government organisations can share information on available tenders and contracts in other African States with South...
Nov 28, 2014
WTO director general Roberto Azevêdo
The World Trade Organisation (WTO) on Thursday adopted the Bali trade reform package, putting the organisation’s negotiations back on track, WTO director general Roberto Azevêdo said. The 160 WTO members on Thursday took three decisions –clarifying the Bali Decision...
Nov 27, 2014
Article contains comments
South Africa’s Finance Minister Nhlanhla Nene
South Africa’s Finance Minister Nhlanhla Nene has emphasised the role of the private sector in delivering the 51 Programme for Infrastructure Development in Africa (Pida) projects, collectively valued at $68-billion, being prioritised for implementation by 2020....
Nov 25, 2014
The South African National Accreditation System (Sanas), which operated under the auspices of the Department of Trade and Industry (DTI), is embarking on a drive to develop synergistic accreditation bodies across Africa to bolster international trade. The continent’s...
Nov 21, 2014
Article contains comments
Industrialisation remains a major part of the South African developmental agenda and an important vehicle towards achieving the Department of Trade and Industry’s (DTI’s) target of creating 100 black industrialists in the next five years, Trade and Industry...
Nov 21, 2014
Article contains comments
South Africa had a moral and business obligation to aide the growth of its neighbours and Zimbabwe was moving to put its best foot forward to ensure it attracted the investment it needed to bolster its industrialisation and development programmes from South Africa....
Nov 20, 2014
There were signs of progress this week on the long-awaited Tripartite Free Trade Agreement (T-FTA), which has been under discussion between the Common Market of Eastern and Southern Africa, the East African Community and the Southern African Development Community...
Nov 18, 2014
The Southern African Customs Union (Sacu) said on Tuesday it was still committed to negotiations with India over a delayed preferential trade agreement (PTA). "We are still confident we will come to an agreement with India," Sacu deputy director for trade...
 
 
 
 
Nov 17, 2014
The Coega Development Corporation (CDC) secured R1.84-billion in ten new investments in the 2013/14 financial year, becoming the first industrial development zone (IDZ) on the continent to attract a double-digit portfolio of investors in a 12-month period. The...
Nov 14, 2014
Hotel group Tsogo Sun spent just under R3.2-million at two wine auctions this year, namely the Nederburg and Cape Winemakers Guild auctions, highlighting its commitment to offering guests at its hotels an exceptional quality food and beverage experience. The group...
Nov 11, 2014
Trade activity improved substantially in October, with the South African Chamber of Commerce and Industry’s (Sacci’s) seasonally adjusted Trade Activity Index (TAI) having increased to 54 points, compared with 48 points in September. Sacci stated that the TAI had...
Nov 04, 2014
South Africa was one of ten countries with which Denmark was aiming to improve trade by 50%, Denmark Trade and Development Cooperation Minister Morgens Jensen said on Tuesday. During a bilateral meeting with Trade and Industry Minister Dr Rob Davies, Jensen said that...
Oct 31, 2014
Special purpose vehicle GreenCape will, by the end of 2014, have completed the feasibility work for a proposed green technology (greentech) special economic zone (SEZ) in Atlantis. After taking these proposals through the provincial cabinet and city council, the MEC...
Oct 31, 2014
While South Africa may have the strongest reputation in Africa, the nation needed to enhance harmony with the continent’s other inhabitants to further spread the benefits of the “Africa rising” trend through boosting regional trade. Brand South Africa (SA) had been...
Oct 31, 2014
South African Finance Minister Nhlanhla Nene
US Secretary of Treasury Jacob Lew and South African Finance Minister Nhlanhla Nene met in Pretoria on Friday to discuss the state of the global economy, policies to promote regional growth and investment, and the development of trade and investment linkages between...
Oct 28, 2014
Article contains comments
Trade and Industry Deputy Minister Mzwandile Masina has invited Chinese companies to partner with and invest in South African firms to enable the beneficiation of raw materials in South Africa prior to their export. “We are creating an economy that is about a...
Oct 28, 2014
Article contains comments
Minister in the Presidency Jeff Radebe says the Brazil, Russia, India, China and South Africa (Brics) collaboration has become one of the most recognised groupings in the global economy, constituting in excess of a quarter of global gross domestic product, accounting...
Oct 27, 2014
Article contains comments
The recent release of the amended black economic-empowerment (BEE) codes for Qualifying Small Enterprises (QSE) has brought further turmoil to an already overcomplicated BEE verification sector, Grant Thorton Verification Services MD Jenni Lawrence has argued....
 
 
 
 
Oct 27, 2014
Following a five-year slump, there were indications of a possible return to the precrisis levels of 2006, as merger and acquisition (M&A) activity globally rebounded strongly over the past six months – and middle-market deals were driving the trend, an EY survey has...
Oct 22, 2014
Department of Trade and Industry export promotion and marketing chief director Zanele Sanni has invited manufacturing and advanced manufacturing companies from Shenzhen, China, to invest in South Africa, noting that Chinese investors could also access the additional...
Oct 21, 2014
Trade and Industry Deputy Minister Mzwandile Masina says the department has so far registered 18 qualifying black industrialists in a range of sectors to grow the South African economy. “We will continue to accept applications from industrialists, as we have set a...
Oct 16, 2014
Article contains comments
Trade and Industry Minister Dr Rob Davies
Trade and Industry Minister Dr Rob Davies on Thursday took a hardline stance against the European Union’s (EU’s) threat of a ban on South African citrus fruit by tabling the issue with the World Trade Organisation (WTO). The EU had been threatening to refuse entry to...
Oct 10, 2014
LODEWYK CILLIERS South Africa must adopt international best practice regarding IP protection and patent registration to accelerate research, development and commercialisation
Registration of patents and intellectual property (IP) supports innovation and the commercialisation of research and development (R&D) by supporting good business cases, says Spoor & Fisher partner and IP expert Lodewyk Cilliers. Good technology and patent...
 
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