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CIPC launches Extensible Business Reporting Language to relieve regulatory burden

By: Marleny Arnoldi     13th June 2018 The ease of doing business and particularly reducing the regulatory burden for businesses received a boost with the launch of the Companies and Intellectual Property Commission’s (CIPC’s) Extensible Business Reporting Language (XBRL) this week.  

Davies bemoans corruption’s undermining of industrial policy capability

By: Marleny Arnoldi     11th June 2018 Trade and Industry Minister Dr Rob Davies on Monday said corruption undermines industrial policy capabilities.  

Cabinet approves designation of Atlantis SEZ

By: Creamer Media Reporter      8th June 2018 Cabinet has approved the decision by Trade and Industry Minister Dr Rob Davies to designate the Atlantis Special Economic Zone (SEZ), in Atlantis industrial area, outside Cape Town. The designation of the Atlantis SEZ follows that of the Saldanha Bay Industrial Development Zone and is intended to... 

Govt speaking with one voice on township economy

By: Sydney Majoko     1st June 2018 For a long time, successive governments in this country have struggled to characterised the township economy. It is not that they did not acknowledge the existence of the township economy; the reason is that this economy was not recognised as a standalone econopmy towards which funds could be... 

DTI, stakeholders establish sugar value-chain task team to address industry challenges

By: Marleny Arnoldi     29th May 2018 The Department of Trade and Industry (DTI) has established a sugar value-chain task team, comprising representatives from the beverage industry, retailers, the South African Sugar Association (Sasa), smallholder farmers, small manufacturers and the Industrial Development Corporation of South... 

Aspen opens R1bn high containment facility in Port Elizabeth 

24th May 2018 Pharmaceutical company Aspen officially opened its new high containment facility, valued at about R1-billion, earlier this month. Simone Liedtke tells us more. 

Proposed Mpumalanga SEZ to boost provincial economy, skills development

By: Simone Liedtke     21st May 2018 Trade and Industry Minister Dr Rob Davies has approved a recommendation that the Nkomazi Special Economic Zone (SEZ), in Mpumalanga, be designated and has called on the public and interested parties to comment on the proposed designation by June 28. The application for the designation of the... 

Promise and perils

By: Terence Creamer     18th May 2018 While President Cyril Ramaphosa was having a breakfast meeting with his Economic Cluster Ministers at Genadendal last week, to deliberate on ways to deliver on the $100-billion-investment goal, the International Monetary Fund (IMF) released a report highlighting just how important investment is... 

South Africa views African integration as potential trade-war bulwark

By: Terence Creamer     15th May 2018 Trade and Industry Minister Dr Rob Davies reports that South Africa will be prioritising an acceleration of market integration across Africa as part of efforts to mitigate the risks associated with the prospect of trade wars, as well as what he describes as a growing disregard for the... 

Some inroads made after ten years of the Industrial Policy Action Plan - Davies

By: Kim Cloete     15th May 2018 Ramping up production in the automotive sector, resuscitating the ailing tooling industry and boosting the clothing, textiles, leather and footwear industries are among successes the government has listed in its review of ten years of the Industrial Policy Action Plan (Ipap). Despite a... 

Government releases its tenth Industrial Policy Action Plan 

By: Kim Cloete     15th May 2018 The government has released its Industrial Policy Action Plan (Ipap) 2018, with a sharp focus on deepening industrial development, speeding up radical economic transformation and increasing the ability to produce higher value-added products. Trade and Industry Minister Dr Rob Davies said it was... 

Ministers from SA and India stress bilateral opportunities at business summit

By: Rebecca Campbell     11th May 2018 India has progressed from having almost no trade with South Africa in 1994 to today being the country's sixth to eight largest trading partner, South African Trade and Industry Minister Dr Rob Davies has highlighted. He was addressing the recent India-South African Business Summit in Sandton,... 

UK, SA leaders hold bilateral trade talks in London

By: Rebecca Campbell     4th May 2018 South African Trade and Industry Minister Dr Rob Davies met with his British counterpart, International Trade Secretary Dr Liam Fox, on the margins of the recent Commonwealth Heads of Government Meeting in London, to discuss the bilateral trade relationship. They both expressed pleasure at the... 

Kubayi-Ngubane to unveil Mandela Mining Precinct

By: Nadine James     30th April 2018 Science and Technology Minster Mmamoloko Kubayi-Ngubane will deliver the keynote address at the launch of the Mandela Mining Precinct, a Mining Phakisa initiative aimed at reviving South Africa’s flagging mining sector, on May 4. The Mandela Mining Precinct is aimed at supporting local... 

South African, Indian trade ministers stress bilateral opportunities at summit

By: Rebecca Campbell     30th April 2018 India has progressed from having almost no trade with South Africa in 1994 to today being the country's sixth to eight largest trading partner, highlighted South African Trade and Industry Minister Dr Rob Davies on Monday. He was addressing the India-South African Business Summit in Sandton,... 

South Africa to host the Japan–Africa Public Private Economic Forum

By: Marleny Arnoldi     25th April 2018 South Africa will host the Japan–Africa Public Private Economic Forum at the Sandton Convention Centre from May 3 to 4.  

Davies launches Lesedi skills development academy in Atlantis

By: Marleny Arnoldi     25th April 2018 Skills development is critical to the economy and is non-negotiable, says Trade and Industry Minister Dr Rob Davies.  

Bursary ‘deal breaker’ removed as precondition for gaining YES empowerment credit

By: Terence Creamer     23rd April 2018 The Department of Trade and Industry (DTI) has agreed to remove an onerous bursary target previously set as a precondition for any firm seeking to receive empowerment credit for their participation in the newly launched Youth Employment Service (YES) initiative. In an unusual step, the department... 

Call made for ‘broad coalition’ to reverse South Africa’s premature deindustrialisation 

By: Terence Creamer     20th April 2018 A new no-holds-barred study of South Africa’s economic transformation over the past two decades concludes that the country has not only deindustrialised prematurely, but has also failed to materially transform its economic structure to one that encourages inclusive growth and development. Titled... 

UK, SA Trade Ministers hold talks in London

By: Rebecca Campbell     18th April 2018 South African Trade and Industry Minister Dr Rob Davies met with his British counterpart, International Trade Secretary Dr Liam Fox, on Tuesday on the margins of the Commonwealth Heads of Government Meeting in London, to discuss the bilateral trade relationship. They both expressed pleasure at... 

Solidarity worried about impact of US tariffs on South African steel industry

By: Simone Liedtke     11th April 2018 South African trade union Solidarity has expressed its concern about the possible impact of the import tariffs on steel and aluminium products recently announced by the US. The 25% import tariff on steel and the 10% tariff on aluminium affects the South African steel industry directly as the... 

Gauteng open for business as InvestSA OSS launched

By: Simone Liedtke     10th April 2018 Boosting investor confidence is critical to positioning South Africa as a premium destination for foreign direct investment. To assist in achieving this, Trade and Industry Minister Dr Rob Davies, together with Gauteng Premier David Makhura, on Tuesday launched the InvestSA One Stop Shop (OSS) in... 

Govt to launch investment centre in Gauteng

By: African News Agency      9th April 2018 South African government is set to launch a provincial InvestSA One Stop Shop (OSS) in Gauteng in a bid to attract investment in the province, the Department of Trade and Industry (the dti) said on Monday.  The dti said that the objective of the provincial InvestSA OSS is to provide professional... 

With respect, Prof, a counter point

6th April 2018 In an article published in Engineering News in March, Professor Robert Lawrence warns us “not to be mesmerised by manufacturing and industrialisation and realise the economy is hugely diverse”.  He states that most jobs in the South African economy are likely to be created in the services sector.... 

Youth Employment Service to benefit 1m young people  

By: Marleny Arnoldi     27th March 2018 President Cyril Ramaphosa on Tuesday launched the Youth Employment Service (Yes) initiative – a business-led partnership with government, labour and society, that aims to empower one-million young South Africans between the ages of 18 and 34 through paid work experiences over the next three years.  

South Africa makes formal request for exclusion from US metals tariffs 

By: Terence Creamer     23rd March 2018 Trade and Industry Minister Dr Rob Davies has made a formal submission to the US requesting the exclusion of South Africa from the imposition of duties on steel and aluminium products. A provision allowing for country-based exclusions from a 25% increase in the steel tariff and a 10% duty on... 

5th Annual Manufacturing Indaba to Highlight Sector’s Impact on Job Creation

22nd March 2018 Manufacturing Sector Proves to be Job Creation Engine of South Africa South Africa’s manufacturing sector remains one of the key contributors to GDP growth and direct employment, whilst other sectors – specifically the services sector – merely trigger a rise in employment as a result of the... 

DTI to spend R415m to upgrade 11 industrial parks

By: Anine Kilian     20th March 2018 The Department of Trade and Industry (DTI) will have spent R415-million on the revitalisation of 11 industrial parks, deputy director-general Lionel October said on Tuesday. Presenting the DTI’s annual performance plan to the Portfolio Committee on Trade and Industry, in Parliament, he said the... 

IP policy yet to be finalised

By: Marleny Arnoldi     19th March 2018 The Department of Trade and Industry (DTI) is still finalising its Intellectual Property (IP) policy, before submitting it to Cabinet for approval. DTI International Trade and Economic Development division director Marumo Nkomo on Monday said the IP policy ensures intra-governmental coordination... 

World Economic Forum 2018 says global infrastructure roll-out is key

19th March 2018 Motheo Construction Group is ‘heartened’ by the finding in ‘The Future of Infrastructure’ report launched by integrated infrastructure delivery company AECOM at the 2018 World Economic Forum in Davos in January that adequate investment in infrastructure projects is crucial to national prosperity.... 

State firms and departments ‘obliged’ to implement B-BBEE Act 

By: Simone Liedtke     15th March 2018 Out of 195 compliance reports received from the Broad-based Black Economic Empowerment (B-BBEE) Commission, only eight were from State entities and government departments, representing a gross level of under compliance, Trade and Industry Minister Dr Rob Davies said on Thursday. None were from... 

Minister seeks better monitoring of local procurement compliance

By: Marleny Arnoldi     15th March 2018 South Africa has seen a slippage in State entities’ compliance with local procurement regulations, which the Department of Trade and Industry (DTI) seeks to rectify by introducing a tougher consequence management system. Trade and IndustryMinister Dr Rob Davies said on Thursday that corruption... 

June summit to focus on rural, township economy development

By: Marleny Arnoldi     14th March 2018 A township and rural economy summit will be held in June to discuss issues affecting rural economy development, Department of Trade and Industry (DTI) Rural and Township Industrial Economic Development programme director Mbofholowo Tsedu revealed on Wednesday. “By the end of the year, we want a... 

South Africa commits to new continental trade agreement

By: Megan van Wyngaardt     12th March 2018 The African Ministers of Trade (Amot) last week considered and approved – for submission to the extraordinary summit of the African Union (AU) Heads of State and Government – an agreement establishing the African Continental Free Trade Area (AfCFTA), as well as the protocols on trade in goods and... 

Government to finalise designation of Atlantis and Nkomazi SEZs

By: Marleny Arnoldi     6th March 2018 The Department of Trade and Industry (DTI) will finalise the designation of the Atlantis and the Nkomazi special economic zones (SEZs), located in the Western Cape and Mpumalanga, respectively, in the next financial year.  

the dti Leads Black Industrialists On Trade Mission To Mozambique

5th March 2018 The Department of Trade and Industry will (the dti) lead a Black Industrialists (BI) business delegation to Mozambique on a mission to identify and explore trade and investment opportunities from the 4-10 March 2018. The delegation will also comprise of the Developmental Bank of Southern Africa,... 

The DTI leads black industrialists on trade mission to Mozambique

By: African News Agency      5th March 2018 The Department of Trade and Industry (dti) is leading a black industrialists business delegation to Mozambique on a mission to identify and explore trade and investment opportunities from March 4 to 10. Also in the delegation are representatives of the Development Bank of Southern Africa, the... 

Davies welcomes Whirlpool’s R100m investment

By: Nadine James     2nd March 2018 Trade and Industry Minister Dr Rob Davies has congratulated appliance manufacturer Whirlpool South Africa on its R100-million investment in a new manufacturing line that is expected to create about 100 jobs. The investment in the company’s plant, located in the Isithebe Industrial Park near... 

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