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May 27, 2015
Despite its challenges, Africa remains an attractive long-term global investment destination, with its younger and fast-urbanising populations and rising levels of income presenting opportunities to a significantly liquid global financial market, Nedbank economist...
May 26, 2015
Economic bilateral relations between South Africa and Peru will receive a shot on the arm when businesspeople from the two countries gather in Lima, Peru, to launch the South Africa–Peru Chamber of Commerce (Sapcham) on Wednesday. The chamber aimed to increase trade...
May 26, 2015
Elsa Dry
Noting low volumes of bilateral trade between South Africa and Peru, South African ambassador to Peru Elsa Dry has committed to enhancing trade opportunities between the two countries, describing the South American State  as a strategic gateway to other members of...
May 25, 2015
South Africa and the US have agreed to facilitate deliberations between the South African Poultry Association (Sapa) and the US Poultry and Egg Export Council towards finalising discussions on market access for US chicken bone-in cuts into South Africa. The meeting,...
May 22, 2015
Strengthening its position in the European extrusion coatings market, international packaging and paper group Mondi has inked a deal with technical laminates and protective packaging company Walki Oy for the acquisition of two extrusion coatings plants in...
May 22, 2015
Article contains comments
Trade and Industry Deputy Minister Mzwandile Masina
The Department of Trade and Industry (DTI), which last year committed to the initial creation of more than 100 black industrialists within three years, has developed a draft policy framework to guide the introduction of financial and nonfinancial support mechanisms...
May 22, 2015
Trade and Industry Minister Rob Davies
The US Act that creates economic growth opportunities in Africa was diminishing in value for South Africa, according to Trade and Industry Minister Rob Davies. Speaking ahead of his Budget speech in Parliament, on Thursday, Davies told media that the costs of Agoa...
May 21, 2015
Article contains comments
Trade and Industry Minister Dr Rob Davies
Africa’s Tripartite Free Trade Area (TFTA) which embraces 26 countries, a combined population of up to 600-million people and a total gross domestic product (GDP) of $1-trillion will be officially launched in Egypt on June 10, Trade and Industry Minister Dr Rob...
May 20, 2015
May 20, 2015
Article contains comments
May 20, 2015
Article contains comments
May 15, 2015
Article contains comments
 
 
 
May 15, 2015
The International Trade Administration Commission of South Africa (Itac) has moved to impose antidumping duties of between 14.29% and 77.15% on cement imports from Pakistan. The provisional duties have been imposed under section 57A of South Africa’s Customs and...
May 15, 2015
INCREASED CAPACITY Maersk Line's investment plan will enable it to add capacity in line with growth in global container shipping demand while also replacing less efficient chartered tonnage
Global trade, shipping and energy conglomerate Maersk Line in March this year signed a new building order with shipping and logistics services supplier China Ocean Shipping (Group) Company (Cosco) Shipyard for seven 3 600 twenty-foot equivalent container vessels. The...
May 13, 2015
South Africa could import maize from Brazil and Argentina, fellow producers of genetically modified maize, to boost local supplies curbed by drought, a senior government official said on Wednesday. "Where we import maize of GMO origin we would like to import from...
May 12, 2015
India has named private banker KV Kamath as the first head of a new development bank being set up by the Brics group of emerging market economies, Finance Secretary Rajiv Mehrishi told reporters on Monday. The Brics - Brazil, Russia, India, China and South Africa -...
May 12, 2015
The South African Chamber of Commerce and Industry’s (Sacci’s) seasonally adjusted composite trade activity index (TAI) moved slightly into positive territory in April, improving by four index points to 51 but remaining below the 56 recorded in December and the 62 in...
May 08, 2015
Article contains comments
Trade and industry Minister Dr Rob Davies on Friday signed a memorandum of understanding (MoU) with Mauritania Commerce, Industry and Tourism Minister Naha Mint Hamdi Ould Mouknass to enhance bilateral economic relations between the two countries. Signed in Pretoria,...
May 08, 2015
Western Cape Economic Opportunities Minister Alan Winde
The Democratic Alliance in the Western Cape on Thursday welcomed home affairs minister Malusi Gigaba’s announcement that he was considering extending the 10-year multiple-entry visa for businesspeople to other markets outside Brazil, Russia, India, China and South...
May 08, 2015
Largely unnoticed, air freight has come to have a pervasive influence on the lives of people, the prosperity of enterprises and the growth of nations. “Look around any household and you will see the influence of air cargo,” International Air Transport Association...
May 08, 2015
Article contains comments
May 07, 2015
Article contains comments
Trade and Industry Minister Dr Rob Davies
The development of a specific support framework for black industrialists has been flagged for the first time in the latest version of the South African government’s Industrial Policy Action Plan (Ipap). The 2015 document – the seventh iteration of the yearly plan –...
 
 
 
 
May 07, 2015
Saudi Arabia continues to enjoy a trade surplus of R72.6-billion against South Africa, says Trade and Industry Minister Dr Rob Davies. The Minister was speaking at the sixth session of the South Africa-Saudi Arabia Joint Economic Commission (JEC) held in Riyadh in...
May 01, 2015
CULTIVATING EDUCATION The Harvest Time Investments programme focuses on enabling the emerging farmer to expand and contribute to the agriculture sector
Given the technological revolution South Africa’s agriculture sector is currently experiencing, the country’s emerging farmers need to be well equipped if they want to become the commercial farmers of tomorrow, says local agricultural and diversified foods group...
May 01, 2015
SUNNY PROSPECTS The local agriculture, forestry and fishing industry grew the fastest in 2014, expanding by 5.6%
From a production perspective, the future of the South African agriculture sector is brighter than expected, which is a good sign when it comes to food security, says South African financial services group Standard Bank. This outlook can be attributed to the...
Apr 22, 2015
Judge Dennis Davis
If the South African Revenue Services (Sars) focused on recovering money from transfer pricing abuses‚ Finance Minister Nhlanhla Nene probably would not have had to raise taxes by 1% in his budget speech‚ Judge Dennis Davis‚ head of the Davis Tax committee told...
Apr 21, 2015
Article contains comments
With Africa holding 60% of the world’s arable land, agriculture held one of the keys to unlocking economic opportunities for the continent, but could only be achieved through cooperation with other countries in regions such as Asia. Speaking at the Asia–Africa...
Apr 20, 2015
During the Trade and Investment Framework Agreement (TIFA) Council meeting in Washington, in the US, last week, South Africa and the US strengthened and deepened their bilateral trade and investment relations. The meeting was co-chaired by Trade and Industry Minister...
Apr 17, 2015
Two influential US senators, central to the so-called ‘chicken war’, have announced their intention to pursue amendments to the African Growth and Opportunity Act (Agoa) to secure greater access for US poultry into the SA market. “We believe passionately in Agoa’s...
Apr 17, 2015
President Jacob Zuma says government has received a political commitment from the United States government that the African Growth and Opportunity Act (Agoa) would be signed with the inclusion of South Africa. The President said this when he responded to questions...
Apr 17, 2015
MANUFACTURING South Africa’s manufacturing stimulation policies must be cognisant of global value chain opportunities and risks
South Africa’s industrial policies might be ignoring the importance of global value chains because focusing on realistic competitive advantages might allow for the sustainable production of intermediate goods that dovetails with multinational, globalised supply...
Apr 16, 2015
The Western Cape government, in partnership with the private sector, is considering proposals to increase the value of the province’s tourism sector by 65% to R28-billion. International and local experts discussed various proposals during a two-day design lab hosted...
 
 
 
 
Apr 15, 2015
The South African Chamber of Commerce and Industry’s (Sacci’s) seasonally adjusted composite Trade Activity Index (TAI) declined by one index point month-on-month to 47 in March, reflecting uncertain economic prospects and depressed private and public spending. The...
Apr 14, 2015
The value of announced merger and acquisition (M&A) transactions involving sub-Saharan African targets reached $5.7-billion in the first quarter of the year – almost double the value recorded during the same period last year but 65% lower than in the previous quarter...
Apr 13, 2015
The United Nation Economic Commission for Africa (ECA) has cautioned that ill-designed trade policy in Africa could reverse the course of industrialisation and temper the continent’s graduation up the global supply chain. “There is empirical evidence of a...
Apr 10, 2015
Trade and Industry Minister Dr Rob Davies
Trade and Industry Minister Dr Rob Davies expressed optimism on Friday that the South African and American poultry industries would find a “sweet spot” settlement at meetings early next week that should address anxieties of those US Senators warning that the impasse...
Apr 10, 2015
VISION 2020 The aluminium industry is embarking on a strategy aimed at doubling the volume of cars manufactured a year in South Africa by 2020, from 600 000 to 1.2-million
South Africa’s automotive sector is currently one of the key drivers of aluminium demand in the country, which stakeholders attribute to the global trend of manufacturers using an increasing amount of aluminium for vehicle components, particularly for passenger...
Apr 10, 2015
Container-handling equipment specialist BLT SA, which supplies and supports a range of materials handling equipment across various industries  delivered a loaded-container handler to Transnet Engineering, the engineering division of State-owned rail operator...
Apr 10, 2015
West African ports could face even greater congestion pressures from the cascading of larger container vessels into the region’s trades, delegates were told at a two day container supply chain conference TOC Market Briefing: West Africa, which took place on the...
Apr 10, 2015
BRIDGING THE SKILLS GAP The National Foundry Technology Network offers programmes aimed at developing students’ skills from a basic foundry level through to a qualified artisan level
Initiative of the Department of Trade and Industry (DTI) the National Foundry Technology Network (NFTN) last year updated several industry-focused skills development programmes to bridge the widening skills gap and mitigate the effects of an ageing industry, as many...
Apr 10, 2015
Wireless machine-to-machine (M2M) solutions provider WAM Technologies announced, in November last year, the release of VesselConnect, a global system for mobile communication (GSM) tracking to monitor and control refrigerated containers on-board container and related...
Apr 09, 2015
Article contains comments
President Jacob Zuma has deepened South Africa’s bilateral trade relationship with “sister republic” Zimbabwe, expounding on the countries’ strong political, cultural and economic similarities and reminiscing on their historical linkages. According to Zuma,...
 
 
 
 
Apr 09, 2015
Roberto Azevêdo
World Trade Organisation (WTO) director-general Roberto Azevêdo says more effort is needed to help developing countries, particularly those in Africa, use trade as a means to leverage growth and development.
Apr 07, 2015
Seychelles will become the 161st member of the World Trade Organisation (WTO) on April 26. It applied for WTO membership in May 1995 and completed its application process in October 2014, whereafter WTO members approved its accession in December 2014.
Apr 02, 2015
Article contains comments
US Ambassador to South Africa Patrick Gaspard
US Ambassador to South Africa Patrick Gaspard has indicated that an agreement on the long-running dispute over South Africa’s antidumping duties on American chicken needed to be secured ahead of government-to-government discussions on the trade and investment...
Apr 02, 2015
The African Development Bank (AfDB) has approved a $100-million unfunded risk participation agreement (RPA) for FirstRand Bank (FRB), under which the two banks will share the default risk on a portfolio of trade transactions originated by issuing banks in Africa and...
Apr 02, 2015
FUELLING INVESTMENT Heavy-duty construction and infrastructure projects under way in Africa are likely to lead to gradual, but significant investment in equipment and machinery
After a steady decline in construction jobs since the boom in 2010, the South African construction industry has welcomed Finance Minister Nhlanhla Nene’s announcement in the 2014 medium term Budget speech that the country is set to spend R847-billion on new and...
 
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