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Davies urges Tesla to invest in South Africa

By: African News Agency      Updated 40 minutes ago Trade and Industry Minister Dr Rob Davies, who is attending Monday’s Africa Growth and Opportunity Act (Agoa) forum in Washington DC, made the most of an opportunity at a business breakfast on Sunday to encourage an investment by South African-born entrepreneur Elon Musk in the country of his... 

Limpopo’s proposed SEZ attracts R40bn investment

     23rd September 2016 A significant investment is already expected to be injected into the proposed Musina-Makhado Special Economic Zone (SEZ) - a boost for the energy and metallurgical industries. A consortium of Chinese investors led by Hong Kong Mining Exchange, will be investing more than R40-billion into an... 

NRCS CEO steps down 

By: Megan van Wyngaardt     19th September 2016 Asogan Moodley has resigned as CEO of the National Regulator for Compulsory Specifications (NRCS), which is tasked with approving the technical specifications of products imported and sold in the country. Media reports have claimed that Moodley resigned because of frustration at the lack of... 

DTI partially reopens manufacturing incentive after months of inactivity

By: Terence Creamer     19th September 2016 Trade and Industry Minister Dr Rob Davies has announced the partial reopening of the popular Manufacturing Competitiveness Enhancement Programme (MCEP), the Department of Trade an Industry’s (DTI’s) flagship cross-industry incentive scheme, which has been suspended since October 2015, owing to... 

Agreement to build the Moloto Rail Development Corridor signed in China 

By: African News Agency      7th September 2016 The Passenger Rail Agency of South Africa (PRASA) has signed a memorandum of understanding (MoU) with China Communications Construction Company to build the Moloto Rail Development Corridor, the Presidency said on Wednesday. In a statement, the Presidency said the MoU to explore various... 

Floating dry dock could lead to further docking opportunities in Durban

By: Shirley le Guern     5th September 2016 Dormac Marine’s R300-million investment in its Dormac Dock 1 floating dry dock will position the Dormac shipyard as a centre of excellence for the ship repair industry and serve as a stimulus for additional investment and docking opportunities in Durban, said Trade and Industry Minister Dr Rob... 

Davies launches new ship-repair facility in Durban

By: Anine Kilian     2nd September 2016 The ship and boat manufacturing industry in South Africa has a great opportunity to supply and service sub-Saharan Africa with working vessels as required by State agencies for various activities, Trade and Industry Minister Dr Rob Davies said on Friday. Speaking at the naming ceremony of the new... 

Zuma, Gordhan to lead SA delegation at G20 Summit

By: News24Wire      1st September 2016 While South Africans are still reeling from recent public spats surrounding Finance Minister Pravin Gordhan and the Treasury, he will be joining President Jacob Zuma at a G20 meeting in China next week. Public spats between Gordhan and the Hawks, Eskom and Denel, along with rumours of a stand-off... 

SA to cease membership of SADC Troika on Politics, Defence and Security Cooperation

By: African News Agency      29th August 2016 South Africa is to end its membership of the Southern African Development Community (SADC) troika on politics, defence and security, the Presidency has revealed. “South Africa will cease to be a Member of the Organ Troika on Politics, Defence and Security Cooperation on 30 August 2016 when the... 

Govt, AMSA reach accord on steel price basket

By: Kim Cloete     23rd August 2016 Steel producer ArcelorMittal South Africa (AMSA) and government have agreed to remove import parity pricing with immediate effect in a bid to boost South Africa’s steel industry. The local price for flat steel products will be based on an import-weighted basket. 

South Africa not surrendering its steel industry, says Davies

By: Kim Cloete     23rd August 2016 South Africa’s steel industry is facing some serious challenges, brought on by a global steel glut of 44-million tons a year, but it is vital for the country to do everything possible to maintain a sustainable, competitive steel industry as it is of strategic importance to the country, says Trade... 

BAIC to build CKD auto plant in Coega industrial zone 

By: Terence Creamer     19th August 2016 The Coega Development Corporation (CDC) reports that it has signed a deal with the Beijing Automobile International Corporation (BAIC) for a new automotive investment worth R11-billion into the Eastern Cape industrial development zone (IDZ). The Chinese State-owned company plans to build a... 

DTI's absence on steel price committee questioned

By: News24Wire      16th August 2016 Parliament is still waiting for a response from Trade and Industry Minister Dr Rob Davies on why no one from his department is being represented on the recently established steel price committee. At the end of June, Economic Development Minister Ebrahim Patel announced the members of the... 

National SEZ roadshow goes to the W Cape

By: Anine Kilian     12th August 2016 The Department of Trade and Industry’s (DTI’s) national roadshow on special economic zones (SEZs) will make a scheduled stop in Cape Town, on August 17. The roadshow is aimed at unpacking key aspects of the SEZ Act, which was passed into law in February. 

South Africa wants answers on Zim trade restrictions by end August

By: Terence Creamer     4th August 2016 South Africa has given Zimbabwe until the end of August to respond to its long-standing enquiry regarding the imposition of surcharges on various South African imports, as well as more recent, and more hostile, trade restrictions imposed under Statutory Instrument 64 (SI 64), which has disrupted... 

Davies to meet with Zim counterpart to quell trade restrictions

By: Megan van Wyngaardt     2nd August 2016 Trade and Industry Minister Dr Rob Davies will on Thursday meet with Zimbabwe Minister of Industry and Commerce Mike Bimha to find an amicable resolution to the measures implemented by Zimbabwe on products of export interest to South Africa. The neighbouring country in June banned the importation... 

Steel designations, Highveld supply to shore up AMSA demand amid weak market

By: Terence Creamer     29th July 2016 Steel producer ArcelorMittal South Africa (AMSA) expects a proposed deal to reopen the heavy-section mill at Evraz Highveld Steel & Vanadium (Highveld), together with recent moves by government to stipulate the use of local steel when calculating local content on certain infrastructure... 

Upgrade And Revitalisation Of Seshego Industrial Park Will Provide A Business Friendly Environment – Davies

     29th July 2016 The Minister of Trade and Industry, Dr Rob Davies says that the upgrading and revitalisation of the Seshego Industrial Park will provide a business friendly environment which will enable an efficient way of doing business for existing players and attract industrial activity on a larger scale from... 

Stability and cohesion a way forward for African rail sector

By: Simon Sonnekus     29th July 2016 Companies are under pressure from government and the public to embark on new projects while there are still projects that need to be completed. The countless delays across the rail expansions are concerning, says the RailRoad Association of South Africa (RRA). Negative sentiments by the industry... 

Seshego Industrial Park receives R21m boost from DTI

By: Ilan Solomons     28th July 2016 The Department of Trade and Industry (DTI) has launched the R21-million first phase of the Seshego Industrial Park revitalisation project, in Polokwane, which is aimed at promoting industrialisation, job creation and economic growth. Trade and Industry Minsiter Dr Rob Davies, Limpopo Premier Stan... 

Davies to launch Phase 1 of revitalised Polokwane industrial park

By: Megan van Wyngaardt     22nd July 2016 Trade and Industry Minister Dr Rob Davies will next week launch the revitalised first phase of the Seshego Industrial Park, in Polokwane, which is aimed at promoting industrialisation, job creation and economic growth. The revitalisation is being implemented in phases focusing on various areas,... 

InvestSA wins international investment accolade

By: Megan van Wyngaardt     19th July 2016 Government investment vehicle InvestSA has won the Global Investment Promotion Agency (IPA) Award, which recognises best practice in IPAs in forging partnerships to promote foreign direct investment that contributes to sustainable development. It was presented the award at the World Investment... 

Davies says Brexit risk for South Africa does not lie in trade arena 

By: Terence Creamer     15th July 2016 South Africa’s Trade and Industry Minister Dr Rob Davies has formally written a letter to the British High Commissioner seeking a meeting regarding the implications of the recent Brexit vote on South Africa’s trade and economic relations with the UK. However, he says he does not anticipate any... 

DTI sets up Africa-focused trade unit in bid to grow exports beyond R300bn

By: Terence Creamer     15th July 2016 The South African government believes the launch of a new one-stop-shop to facilitate higher levels of trade and investment in the rest of Africa will help consolidate the continent as the country’s most important market for value-added goods and create the platform for an expansion in exports... 

S Africa, France ink economic and investment cooperation agreements

By: Anine Kilian     12th July 2016 South Africa’s newly established investment division in the Department of Trade and Industry, InvestSA, which champions a one-stop shop approach to investing in South Africa, and France’s trade and investment agency, Business France, on Tuesday signed a Declaration of Intent (DoI) on economic and... 

Cabinet approves designation of Musina-Makhado SEZ

By: Anine Kilian     11th July 2016 Cabinet has approved the decision by Trade and Industry Minister Dr Rob Davies to designate the Musina-Makhado Special Economic Zone (SEZ) in the Vhembe region of Limpopo. The designated zone would promote industrial development in the region with a specific focus on mineral beneficiation,... 

Davies to launch initiative to support trade in Africa

By: Anine Kilian     11th July 2016 Trade and Industry Minister Dr Rob Davies will on Friday launch Trade Africa, formerly known as the Africa Export Council, a unit established within the Department of Trade and Industry to promote South Africa’s trade relations with the African continent. The initiative will be launched together... 

Concerned DTI engaging with Zim on trade restrictions

By: News24Wire      11th July 2016 The adverse impact on South African exporters due to trade restrictive measures introduced by the government of Zimbabwe cannot be underestimated, the SA Department of Trade and Industry (DTI) said on Sunday afternoon. The DTI said it continues to be responsive to affected exporters and to make... 

India’s PM Modi to attend a business forum in SA

By: African News Agency      4th July 2016 The Department of Trade and Industry (the dti) on Monday said Narendra Modi, the Prime Minister of India, will be visiting South Africa this Friday. In a statement, the dti Minister Rob Davies said Modi was expected to be accompanied by a high level business delegation and would attend the... 

Import tariffs harmful to end-user businesses

By: Robyn Wilkinson     1st July 2016 Fasteners and aligned products manufacturer and supplier Impala Bolt & Nut MD Derek Cohen says attempts to protect the local steel market by introducing import tariffs have introduced additional costs for small end-user businesses that are trying to remain viable in a difficult market. 

Southern African gas industry shows economic potential

By: Natasha Odendaal     28th June 2016 The development of a regionally shared vision on developing a gas industry could provide a catalytic opportunity for a regional ecosystem to the benefit of Southern Africa’s economies. A seamless, integrated and coordinated approach was needed to exploit the maximum regional potential of the... 

Automotive sector part of South Africa’s manufacturing success story – Davies

By: Natasha Odendaal     28th June 2016 South Africa’s automotive sector is a success story in an embattled manufacturing industry. Trade and Industry Minister Dr Rob Davies on Tuesday credited the success of the sector, in part, to the country’s long-term policy certainty and incentives developed under the Industrial Policy Action... 

South Africa needs to increase value-added exports – Davies 

By: Natasha Odendaal     28th June 2016 Amid growing global economic uncertainty and volatility, it has become ever more imperative for South Africa to industrialise, diversify and break its dependence on exporting its raw resources. Even if the country faced a better economic climate, there was an urgent need to deal with the... 

Portfolio committee chair questions DTI’s exclusion from ‘steel committee’

By: Terence Creamer     24th June 2016 The Portfolio Committee on Trade and Industry has raised serious concern about the exclusion of the Department of Trade and Industry (DTI) as a direct participant in so-called ‘steel committee’ set up to monitor interventions made to shore up the domestic primary steel industry, which is under... 

Next week’s Manufacturing Indaba to host minister, VIPs and international manufacturing experts

     20th June 2016 Manufacturing stakeholders are keen to keep the momentum going in their manufacturing operations, which make up South Africa’s fourth-biggest economic sector. Manufacturing saw a recent recovery despite weak demand. Manufacturing business confidence rose five index points to 23 in the second... 

Davies outlines agricultural benefits from new EU trade deal

By: Terence Creamer     17th June 2016 South Africa is “satisfied” that the recently signed Economic Partnership Agreement with the European Union (EU) will lead to improved market access for some additional South African agricultural products, Trade and Industry Minister Dr Rob Davies said at the weekend, reporting that Cabinet had,... 

Manufacturing Indaba continues to deliver despite economic climate

By: Nadine James     17th June 2016 The Manufacturing Indaba, which takes place on June 28 and 29 at Emperors Palace in Ekurhuleni, Gauteng, has shown consistent growth over the past three years in terms of attendance and scope, despite tough economic conditions, says Manufacturing Indaba MD Liz Hart. Even with companies scaling... 

First phase of Botshabelo industrial park launched

By: Anine Kilian     15th June 2016 The promotion of industrialisation and industrial development should go together with radical and inclusive economic growth, Trade and Industry Minister Dr Rob Davies said at the launch of the completion of the first phase of the revitalised Botshabelo industrial park, in Botshabelo, in the Free... 

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