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Economic transformation imperative for South Africa – Davies

By: Anine Kilian     24th March 2017 Trade and Industry Minister Dr Rob Davies on Friday highlighted what needed to be done to pursue radical economic transformation as an imperative for the advancement of more inclusive economic growth in South Africa. He said fundamental change was necessary in the structure, systems, institutions... 

South Africa asks World Bank to review ease-of-doing-business position in light of InvestSA initiative 

By: Terence Creamer     17th March 2017 The South African government has officially launched a new investment facilitation service, dubbed InvestSA, which it claims will dramatically reduce red tape for foreign and domestic businesses seeking to pursue greenfield or brownfield projects in the country. The service, which has both... 

Trade between South Africa, UK to remain unaffected by Brexit

By: Megan van Wyngaardt     13th March 2017 Trade and Industry Minister Dr Rob Davies met with UK Trade Policy State Minister Lord Mark Price on the sidelines of the inaugural Commonwealth Trade Ministers Meeting, last week, and reiterated that there will be no interruption in the trade between South Africa and the UK as a result of the... 

Davies confident that black industrialists will succeed

By: Creamer Media Reporter      10th March 2017 The Department of Trade and Industry is confident that the 27 black industrialists that are the grant recipients of an aggregate R577-million under the Black Industrialists Incentive Scheme will be successful. Trade and Industry Minister Dr Rob Davies believes these companies will succeed in... 

DTI content with mining equipment manufacturing sector collaboration

By: Creamer Media Reporter      9th March 2017 The Department of Trade and industry (DTI) on Thursday said it was “pleased” with the progress being made in developing South Africa’s mining equipment manufacturing sector under the umbrella of Mining Equipment Manufacturers of South Africa (Memsa). The department launched the initiative to... 

Impact of Africa on South Africa’s economic performance ‘underestimated’ – IMF 

By: Terence Creamer     9th March 2017 Sub-Saharan Africa (SSA) is currently the main destination for South African exports and its influence on the economic performance of South Africa is being “underestimated by many commentators”, International Monetary Fund (IMF) senior resident representative in South Africa Dr Montfort Mlachila... 

There will be no Brexit ‘cliff edge’ in UK-SA relations

By: Terence Creamer     8th March 2017 Outgoing British High Commissioner to South Africa Dame Judith Macgregor says there will be no “cliff edge” in the trade and investment relationship between the UK and South Africa when Britain leaves the European Union (EU), arguing that there is even potential to strengthen the relationship... 

Australian BPO company launches in Cape Town

By: Anine Kilian     7th March 2017 Business process outsourcing (BPO) company Merchants on Tuesday launched its Australian Offshore Business Process Services (BPS) campaign which will be serviced from Cape Town. Merchants has partnered with iSelect, an online Australian insurance, utilities and personal finance comparison website,... 

New duties on steel products indicative of South Africa’s ‘value-chain’ approach to protection 

By: Terence Creamer     6th March 2017 The International Trade Administration Commission of South Africa (Itac) confirms that it has recommended increased protection on several downstream steel products and that it is also considering recommending duties on a range of other value-added steel products in future. In addition, the... 

Brexit set to change SA’s bilateral economic relationship with the UK 

By: Keith Campbell     3rd March 2017 Last month, during the debate regarding the 2017 State of the Nation address in Parliament, in Cape Town, Trade and Industry Minister Dr Rob Davies highlighted: “[A]s the UK government prepares to trigger exit negotiations from the EU (European Union), we need to prepare for a new trade... 

Brexit set to change SA’s bilateral economic relationship with the UK

By: Keith Campbell     3rd March 2017 Last month, during the debate regarding the 2017 State of the Nation Address in Parliament in Cape Town, Trade and Industry Minister Dr Rob Davies highlighted that “[a]s the UK Government prepares to trigger exit negotiations from the EU [European Union], we need to prepare for a new trade... 

Government won’t allow poultry industry to be ‘decimated’ - Davies 

By: Terence Creamer     2nd March 2017 Trade and Industry Minister Dr Rob Davies is adamant that government will not stand by while its poultry industry is “decimated”, but acknowledges that there are also issues of industry competitiveness that should be addressed. Speaking this week during the Economic Sectors, Employment and... 

R1.3bn Atlantis fabrics manufacturing facility to create 200 jobs 

By: Kim Cloete     1st March 2017 A R1.3-billion fabrics manufacturing facility is to be built in Atlantis, in the Western Cape, creating 200 jobs. Czech company, PEGAS Nonwovens, will build the plant and will train Atlantis residents in the Czech Republic. 

Platinum needs marketing, marketing and more marketing – RBPlat 

By: Martin Creamer     28th February 2017 Embattled platinum needs ongoing marketing, with producers needing to invest in the promotion effort and ensure that the metal does not continue to be demonised by the anti-diesel hype, Royal Bafokeng Platinum (RBPlat) CEO Steve Phiri told investors, unionists, analysts and journalists on... 

Deadlock broken between Eskom and IPPs, Joemat-Pettersson insists 

By: Terence Creamer     28th February 2017 Energy Minister Tina Joemat-Pettersson says the “deadlock has been broken” between Eskom and the renewable-energy independent power producers (IPPs), with the National Energy Regulator of South Africa (Nersa) confirming its willingness to consider an application from the State-owned utility... 

AMSA unveils interim steel rail hub

By: Natasha Odendaal     24th February 2017 The official unveiling of the Isando Distribution Centre, in Germiston, on Friday, marked the next step in steel producer ArcelorMittal South Africa’s (AMSA’s) long-term initiative to migrate the bulk of domestic final product steel distribution from road to rail. Dedicated rail links between... 

Industry Desperate for Certainty on Carbon Tax

     22nd February 2017 Leading energy consultancy Cova Advisory has warned that there is a desperate need for certainty over South Africa’s planned Carbon Tax.   The warning came in the run-up to this week’s Budget, when Finance Minister Pravin Gordhan is widely expected to give an update on plans for the new tax.... 

Industry Desperate for Certainty on Carbon Tax

By: Creamer Media Reporter      22nd February 2017 Leading energy consultancy Cova Advisory has warned that there is a desperate need for certainty over South Africa’s planned Carbon Tax.   The warning came in the run-up to this week’s Budget, when Finance Minister Pravin Gordhan is widely expected to give an update on plans for the new tax. “On... 

Global Perspective At South Africa's Automotive Show

     17th February 2017 Up to 400 executive-level delegates, representing South Africa's automotive manufacturing industry will gather to confer with and learn from global experts at its official event, the NAACAM Show in Durban during April.   Acclaimed London-based, global thought leader and charismatic futurist... 

DTI promises fast-tracked support for downstream steel industry

By: Terence Creamer     17th February 2017 The Department of Trade and Industry (DTI) insists that measures to support the downstream steel industry in South Africa are a priority for government and are being fast-tracked. In a statement outlining the various interventions undertaken since 2015 to support a primary steel sector wracked by... 

South Africa to be ‘resolute’ in using tariffs to protect domestic industry 

By: Terence Creamer     15th February 2017 South Africa will be “resolute” in using tariffs to defend domestic industry and support industrial development, particularly in light of moves towards greater protectionism in other countries, Trade and Industry Minister Dr Rob Davies said in his contribution to the State of the Nation debate on... 

NEF merges with IDC to advance development of black industrialists 

By: Megan van Wyngaardt     15th February 2017 The National Empowerment Fund (NEF) will become a wholly-owned subsidiary of the Industrial Development Corporation (IDC) in a move designed to better meet the considerable demand for funding by black entrepreneurs. The two entities were identified by government as central in implementing radical... 

South Africa to strengthen bilateral trade in shipbuilding with France

By: African News Agency      14th February 2017 South Africa has agreed to advance trade and economic relations with France in the shipbuilding industry. This comes after Trade and Industry Minister Dr Rob Davies had a courtesy meeting with the new French Ambassador to South Africa Christophe Farnaud, in Cape Town, on Monday. 

South Africa seeks agriculture boost in post-Brexit trade deal

By: Bloomberg     3rd February 2017 South Africa sees opportunities to sell more of its agricultural produce to the UK under a post-Brexit trade agreement, says Trade and Industry Minister Rob Davies. 

EU rebuffs South African claim of chicken imports being cause of industry distress 

By: Terence Creamer     31st January 2017 The European Union (EU) is strongly contesting arguments that its chicken exports to South Africa are the main cause of the current distress in the industry, asserting that “structural” problems in the South African industry are the main reason for its lack of competitiveness. Ambassador Marcus... 

Blue Monday or Brew Monday?

By: Riaan de Lange     27th January 2017 It is Monday, January 16, the third Monday of the month and of 2017. Does this day have any significance, you might ask? Well, it is said to be the most depressing day of this year. So, with this Blue Monday out of the way, the remaining days of 2017 should be much better, and future Blue Mondays... 

UK, SA strengthen trade ties

By: Creamer Media Reporter      25th January 2017 As the UK prepares to exit the European Union (EU), South Africa is engaging the country to strengthen existing trade ties and identify new mutually beneficial investment opportunities. South Africa’s Trade and Industry Minister Dr Rob Davies and the UK Secretary of State for International Trade... 

DTI to spend R216m upgrading industrial parks

By: African News Agency      25th January 2017 A R216-million upgrade of five industrial parks, which was about to get under way, would have a positive impact immediately with most of the labour and construction materials being procured from those areas, the Department of Trade and Industry said on Tuesday. The department said in a statement... 

UK investors set to help South Africa's outsourcing industry

By: African News Agency      24th January 2017 Key role-players in the UK’s Business Process Services (BPS) industry with operations in South Africa have agreed to work with the Department of Trade and Industry (DTI) to enhance the country’s value proposition, the DTI said on Tuesday. The decision to set up a technical working group was taken... 

Ramaphosa concludes ‘productive’ visit to Davos

By: African News Agency      20th January 2017 South Africa Deputy President Cyril Ramaphosa has concluded his visit to the World Economic Forum (WEF) annual meeting in Davos-Klosters, Switzerland, where he delivered the message that South Africa was hard at work and remained open for business. A statement from his office on Friday said... 

Gordhan takes a stand for emerging markets at WEF

By: News24Wire      18th January 2017 Although the US as a super economic powerhouse impacts the rest of the world, emerging markets also matter to the global environment. This was the message from Finance Minister Pravin Gordhan on the global stage at the World Economic Forum (WEF) in Davos on Tuesday.Wearing a black suit, white... 

Ramaphosa says South Africa has done well to survive a turbulent 2016

By: African News Agency      17th January 2017 South African Deputy President Cyril Ramaphosa sought to deliver a message of hope as he addressed the country delegation at the World Economic Forum in Davos, Switzerland, on Tuesday. Likening 2016 to the flight over to Switzerland, Ramaphosa said there had been turbulence but South Africa had... 

DTI responds to Malema's poultry tariff hike demand 

By: News24Wire      13th January 2017 The Department of Trade and Industry (DTI) has established a national committee that will consider the challenges local poultry producers currently face, according to Minister of Trade and Industry Dr Rob Davies. “The national committee, which includes the Department of Agriculture, Forestry and... 

Ramaphosa leads South African delegation to WEF

By: Creamer Media Reporter      13th January 2017 Deputy President Cyril Ramaphosa is preparing to lead a delegation from South Africa to the World Economic Forum (WEF), in Davos-Klosters, Switzerland, next week, the Presidency said on Friday. The WEF, held from January 17 to 20 and themed ‘Responsive and Responsible Leadership’, will host more... 

R150m optical fibre manufacturing facility opens in KwaZulu-Natal

By: Megan van Wyngaardt     14th December 2016 A new R150-million optical fibre cable manufacturing and distribution facility located within the Dube TradePort special economic zone, in Durban, on Wednesday started operations, six months after construction started. Trade and Industry Minister Dr Rob Davies welcomed the investment in the... 

SASSDA Facilitates Cross Border Initiatives With Leading Kenyan Stainless Steel Fabricator

     5th December 2016 A sassda facilitated visit by one of its members, Kenyan-based stainless steel fabricator Desbro Engineering to a number of South African counterparts has resulted in a training partnership between the South African Institute of Welding as part of a joint initiative to boost the skills base... 

African countries should diversify exports, urges Davies

By: Megan van Wyngaardt     29th November 2016 Trade and Industry Minister Dr Rob Davies on Tuesday emphasised the importance of export diversification and industrialisation in Africa. Speaking in Addis Ababa, Ethiopia, where he was moderating the Africa Trade Week panel discussion on the Africa Growth and Opportunity Act (Agoa) and the... 

Manufacturing Circle releases first investment tracker survey results

By: Megan van Wyngaardt     25th November 2016 The Manufacturing Circle's newly launched Manufacturing Circle Investment Tracker (MCIT), released on Friday, stood at 70.3 points in the third quarter, well above the neutral 50-point level. The MCIT, which surveys local manufacturing enterprises, is aimed at assessing sentiment in this vital... 

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