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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... 

Davies extends automatic recognition of empowering supplier status

By: Anine Kilian     17th November 2016 Trade and Industry Minister Dr Rob Davies has extended automatic recognition of empowering supplier status to all entities within South Africa until further determination. This extension is in line with Paragraph 1(d) of Notice 444 of 2015 Government Gazette Number 38799 issued on 15 May 2015. 

Defence charter draft released for public comment

By: Megan van Wyngaardt     16th November 2016 The Department of Defence and its acquisition vehicle Armaments Corporation of South Africa (Armscor) has released a draft of the Defence Sector Charter for public comment. The charter aims to accelerate black-economic empowerment in the defence industry over three years, setting an ownership... 

South Africa wins global outsourcing award 

By: Megan van Wyngaardt     14th November 2016 South Africa has been named the Annual Outsourcing Destination of the Year for 2016 by the Global Sourcing Association, which presented the award at a ceremony, held in the UK, that brought together more than 350 association members of the representative leading international outsourcing service... 

Manufacturing and diversification of economy is key driver to attaining economic growth – Davies

By: Creamer Media Reporter      8th November 2016 The Minister of Trade and Industry, Dr Rob Davies says that the manufacturing sector and diversification of the economy is a key driver to attaining South Africa’s economic growth objectives. Davies was speaking at the one-day Manufacturing Indaba Western Cape that is currently underway at the... 

Economic diversification critical to growth success – Davies

By: Natasha Odendaal     8th November 2016 As the Department of Trade and Industry (DTI) works to develop a dedicated agroprocessing incentive to attract investment, Trade and Industry Minister Dr Rob Davies has reiterated the importance of diversifying South Africa’s economy. The development and revitalisation of South Africa’s... 

Investors not dwelling on State of Capture report - Davies 

By: News24Wire      8th November 2016 Foreign direct investors have not bolted due to allegations in the Public Protector's State of Capture report, Trade and Industry Minister Rob Davies said on Tuesday. "Foreign direct investors do not respond to those things very much. Nobody is withdrawing as a result of those developments," he... 

AMSA reiterates call for safeguards as Itac probe advances

By: Terence Creamer     8th November 2016 JSE-listed steel producer ArcelorMittal South Africa (AMSA) has reiterated its call for additional import protection through safeguard duties, despite a “slight fall” in imports during the third quarter. In a quarterly operational update, CEO Wim de Klerk argued that imports remained high,... 

Amended construction code open for public comment

By: Megan van Wyngaardt     3rd November 2016 Trade and Industry Minister Dr Rob Davies has invited members of the public to provide input and comment on the recently gazetted draft amended Construction Sector Code, which sets a sector target of 35% black ownership. This target is higher than the ownership target for the generic codes and... 

Government incentives under review

By: Anine Kilian     26th October 2016 The 2016 Medium-Term Budget Policy Statement (MTBPS), which was tabled by Finance Minister Pravin Gordhan on Wednesday, indicates that various government incentive programmes are being reviewed. “Given increased pressures on the fiscus, these incentives, including direct transfers, tax and tariff... 

3M invests R120m in South African expansion

By: Anine Kilian     21st October 2016 Trade and Industry Minister Dr Rob Davies has welcomed the R120-million investment by US-based multinational 3M to expand its operations in South Africa. 3M is a science and technology company that produces thousands of products, including consumer, safety and graphics, electronics and energy,... 

African value chains key to building economic resilience, Davies avers

By: David Oliveira     21st October 2016 Intercontinental trade in Africa was key to provide impetus for industrialisation and more resilient economic growth, Trade and Industry Minister Dr Rob Davies noted during the the South African Chamber of Commerce and Industry’s (SACCI’s) presidential consultative group meeting in Johannesburg... 

Sacci calls on members to play part in averting ratings downgrade

By: David Oliveira     21st October 2016 South Africa’s current economic growth does not reflect the country’s potential and the South African Chamber of Commerce and Industry’s (Sacci’s) members must help build the economy and steer the country to success, says the chamber’s president Vusi Khumalo. Addressing delegates at the Sacci... 

Itac to make HRC steel safeguard recommendation in November

By: Terence Creamer     17th October 2016 The head of the International Trade Administration Commission of South Africa (Itac) reports that, following the completion of public consultations on the possible imposition of safeguard duties for hot-rolled coil (HRC) steel, the commission intends delivering its recommendation to Trade and... 

South Africa lands R1.3 billion pharmaceutical’s investment at Dube Trade Port (DTP) in KwaZulu-Natal.

     17th October 2016 The  KwaZulu-Natal Dube Trade Port Special Economic Zone has signed a Memorandum of Agreement with Cipla BIOTEC for the commercial terms of the R 1.3 billion investment of Cipla BIOTEC’s new biosimilars  manufacturing facility. The agreement was concluded on the margins of the BRICS Summit taking... 

Brics policy needs to benefit South Africa – Davies

By: Megan van Wyngaardt     14th October 2016 While exports between Brazil, Russia, India, China and South Africa (Brics) grouping countries have been growing at an average of 2.8% a year since 2010, South Africa’s export basket continues to be dominated by primary products and low-value-added products. As such, Trade and Industry Minister... 

South African economic Ministers advance the position of the global South in BRICS trade discussions

     14th October 2016 Ministers of Trade and Industry Dr Rob Davies and Small Business Development, Ms Lindiwe Zulu today wrap up their pre-BRICS Summit engagements in New Delhi, India. The Ministers were attending the 6th meeting of the BRICS Trade Ministers that was held on 13 October, 2016 in New Delhi, India. The... 

Industrial parks survey outlines industry strengths, weaknesses

By: Anine Kilian     12th October 2016 A survey of State-owned industrial parks has revealed that their use of a property management approach, as opposed to the cluster-based approach adopted by private industrial parks, will prevent the exponential growth envisaged, Department of Trade and Industry (DTI) regional industrial cluster... 

Sacci calls on members to help avert ratings agency downgrade

By: David Oliveira     6th October 2016 South Africa’s current economic growth does not reflect the country’s potential and the South African Chamber of Commerce and Industry’s (Sacci’s) members must help build the economy and steer the country to success, says the chamber’s president Vusi Khumalo. Addressing delegates at the Sacci... 

DTI to launch latest industrial park revitalisation

By: Megan van Wyngaardt     29th September 2016 The first phase of the R49-million Isithebe Industrial Park revitalisation in Mandeni, KwaZulu-Natal will be launched on October 4. Isithebe is one of ten industrial parks that has been prioritised by the Department of Trade and Industry for upgrading under its Industrial Parks Revitalisation... 

Davies urges Tesla to invest in South Africa 

By: African News Agency      26th September 2016 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... 

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