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Will intra-Africa trade come of age in 2018?

By: African News Agency      3rd January 2018 Overcoming the barriers for intra-African trade to double in a decade can feel like a Sisyphean task – impossible to complete. But that is the objective of the Boosting Intra-African Trade (BIAT) action plan, which targets to double flows between January 2012 and January 2022. Many individual... 

Infrastructure key to unlocking trade and value chains across SADC region

By: Anine Kilian     25th August 2017 It is common cause that industrialisation across the Southern African Development Community (SADC) region is key to diversifying the regional economy away from its current reliance on the export of raw commodities and to supporting economic growth and employment creation. There is broad... 

Infrastructure key to unlocking trade and value chains across SADC region

By: Anine Kilian     25th August 2017 It is common cause that industrialisation across the Southern African Development Community (SADC) is key to diversifying the regional economy away from its current reliance on export of raw commodities and to supporting economic growth and employment creation. There is broad acceptance that SADC... 

South Africa records trade surplus of R9.5bn for May – Sars

By: African News Agency      30th June 2017 South Africa registered a trade balance surplus of R9.5-billion for May this year, according to trade statistics released by the South African Revenue Service (Sars) on Friday. The stats, which include trade information with Botswana, Lesotho, Namibia and Swaziland, shows a year-to-date... 

South African economy enters recession as Q1 GDP contracts 0.7% 

By: Megan van Wyngaardt     6th June 2017 South Africa’s gross domestic product (GDP) contracted by 0.7% in the first quarter of the year, pushing the country in a technical recession. This followed on the 0.3% contraction in GDP in the fourth quarter of last year. 

Company offers process solutions for valve systems

19th May 2017 It is often the tiny inconspicuous details that determine human and environmental safety as well as the operating costs incurred and the process yield, says global valves, automation components and piping products manufacturer Gemü, which is why it offers customised process solutions which join... 

What to expect on trade agreements front in 2017

By: Taapano Paradza      17th March 2017 As far as trade agreements are concerned, 2016 was an unprecedented year, with significant activity occurring that had never been witnessed in the past decade. The Economic Partnership Agreement with the European Union and South Africa’s first trade agreement with South America, the Common Market... 

MPRDA Amendment Bill to propel ‘radical economic transformation’

By: Ilan Solomons     2nd March 2017 Radical economic transformation is a key driving force behind the creation of the Mineral and Petroleum Resources Development Amendment Act (MPRDA) Amendment Bill, says Department of Mineral Resources (DMR) mineral policy and promotion deputy director Nhlanhla Jali. Speaking at the Gauteng... 

Concerns about illicit funding flows dog mining companies in Africa

By: Kim Cloete     9th February 2017 A World Bank report has raised concerns about tax compliance by mining companies in Africa, tax loopholes and the illicit flow of funds in a range of African countries. The report, ‘Transfer Pricing in Africa, with a focus on Africa’, has shown that several countries on the continent have... 

R1bn trade deficit for November – SA Revenue Service

By: African News Agency      29th December 2016 South Africa recorded a trade deficit of R1.09-billion for November, the South African Revenue Service (Sars) said on Thursday. This was a deterioration on the surplus of R0.24-billion recorded in November 2015. 

Gauteng, Italy’s Emilia-Romagna ink new trade MoU

By: Natasha Odendaal     18th October 2016 A new five-year memorandum of understanding (MoU) has been signed between Italy’s Emilia-Romagna region and the Gauteng province, and the Ekurhuleni municipality in particular, to enhance trade benefits between the two economic hubs. The cooperation agreement, signed by Gauteng Premier David... 

Africa needs foreign cash – Pitt

By: Esmarie Swanepoel     7th September 2016 African nations have been urged to take a note from the Australian playbook in order to attract foreign investment to develop their respective extractive industries. Australian Assistant Minister for Trade, Tourism and Investment, Keith Pitt said at the first day of the Africa Downunder... 

Mining seen as option to cut Angola’s oil dependence

By: Keith Campbell     19th February 2016 The West African country of Angola has been badly hit by the decline in oil prices. In 2012, according to the US Geological Survey (USGS), Angola was responsible for 2% of global oil output and oil accounted for 90% of the country’s exports, 80% of government revenues and 47% of its gross... 

Revelo agrees to extend Chilean acquisition timeframe

By: Megan van Wyngaardt     29th June 2015 Canadian exploration company Revelo Resources has agreed to an extension to the letter of intent for the acquisition of four properties from diversified mining royalty company Altius Minerals's 49%-owned Chilean subsidiary BLC SpA. TSX-listed Revelo also received approval to privately place... 

Strategic minerals and the aerospace and defence industries 

By: Keith Campbell     30th April 2015 The term ‘strategic minerals’ is one that is much used but one that, in the words of Brazilian minerals lawyer Raquel Quaresma de Lima, “does not have a steady definition”, while the Science and Technology Committee of the UK House of Commons has observed that there is “no single definition of... 

Zuma, Mugabe renew trade commitments 

By: Natalie Greve     9th April 2015 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, opportunities for deeper economic... 

Apollo sells Mt Oscar

By: Esmarie Swanepoel     18th November 2014 ASX-listed junior Apollo Minerals has sold its Mt Oscar iron project, in Western Australia, for A$500 000 in cash. The Mt Oscar project, some 25 km south of the port of Cape Lambert, had an exploration target of between 350-million and 650-million tonnes, grading between 31% and 37% iron. 

EU deal gives SA leeway to impose new export-tax restrictions on minerals

By: Terence Creamer     1st August 2014 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 (TDCA), which has governed trade... 

SA’s trade deficit widens as strike-hit platinum sector hampers exports

By: Natasha Odendaal     30th April 2014 South Africa posted a larger-than-expected trade deficit in March as the protracted strike in the platinum group metals (PGM) sector – which produces South Africa’s largest export commodity – shows no sign of ending. Trade data published by the South African Revenue Service (Sars) on Wednesday... 

globalCOAL Welcomes Two New Indian Market Members

16th April 2014 globalCOAL® announced today that two new Indian Market Members have joined its online coal trading platform. Kolkota‐based Rashmi Metaliks Ltd is a subsidiary of the Rashmi Group, and is involved in the trade of iron ore, coal and other mineral products. Swastik Coal Corporation Pte Ltd is a... 

Export strategy given greater weight in SA’s new industrial plan as trade deficit persists 

By: Terence Creamer     7th April 2014 The South African government’s latest Industrial Policy Action Plan (Ipap) places greater emphasis than was the case in the previous five versions on raising the country’s export competitiveness as part of what the Department of Trade and Industry (DTI) is now calling a ‘Smart... 

MAC welcomes progress towards finalising EU trade agreement

By: Henry Lazenby     18th October 2013 The Mining Association of Canada (MAC) on Friday praised the federal government's progress toward finalising the Canada-European Union Comprehensive Economic and Trade Agreement (CETA). Prime Minister Stephen Harper and European Commission President Jose Manuel Barroso on Friday announced in... 

SA trade deficit widens to R15bn

By: Idéle Esterhuizen     31st May 2013 South Africa’s trade deficit widened to R15.02-billion in April, from R7.8-billion in March, with exports of R65.43-billion and imports of R80.45-billion during the month, the South African Revenue Service (Sars) said on Friday. The trade deficit exceeded the consensus forecast of R9.5-billion. 

Ontario’s Ring of Fire could open economic door to locals

By: Henry Lazenby     14th December 2012 In the far-north muskeg of Ontario lies a chromite deposit that could potentially rival that of world No 1 producer South Africa, heralding the development of North America’s first significant chromite mine, a new era of prosperity for the region’s First Nations and millions in tax revenue for... 

Miner output is six times Ontario’s industrial average – OMA

By: Henry Lazenby     7th December 2012 The output per worker in Ontario’s mining industry is $680 000/y, or is six times the province’s industrial average, and mining in the province has an expanding workforce in which the average weekly wage is about 60% higher than the average for all industry in Ontario, a report published by the... 

Carbon measurement tool for SA’s bituminous products industry

31st August 2012 A guideline document and software system for the measurement of carbon (CO2) emissions from operations related to the manufacture and application of bituminous products in South Africa’s roads industry is now available for implementation. 

Fuel levy rebate for diplomats

By: Callie Lombard     24th August 2012 On August 10, the South African Revenue Service (Sars) published an amendment to Rule 202.00 of the Customs and Excise Act. The amendment relates to the DA90 form, which is used by diplomats and other foreign representatives to apply for a refund of the excise duty or fuel levy in accordance of... 

S Australia targets A$10bn in mining output

By: Esmarie Swanepoel     30th April 2012 South Australia was well on its way to meeting its target of producing some A$10-billion worth of mineral products by 2020, the state’s Mineral Resources and Energy Minister, Tom Koutsantonis, said on Monday. Speaking at the South Australian Resources and Energy Investment Conference, in... 


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