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Davies sees rising unilateralism as trade war escalates

24th May 2019 South Africa, like the rest of the global economy, will continue to be collateral damage in the escalating trade war between China and the US, Trade and Industry Minister Dr Rob Davies has said, predicting a worrying rise in unilateral actions by individual states. Davies cast doubt on the World... 

Huawei’s market share surges despite smartphone shipment slump

24th May 2019 Despite a “deeper” decline – for the sixth consecutive quarter – of smartphone shipment volumes during the first quarter of 2019, Chinese brand Huawei has accelerated its sales, surpassing Apple as the number two in terms of market share worldwide. Market intelligence and advisory services firm... 

Trade tensions put global economic growth on a 'subpar' setting

21st May 2019 Trade tensions have derailed the global economy, plunging it onto a low-growth track that’s clouded by risks, according to the OECD’s latest outlook. The report sticks to the gloomy tone long held by the Paris-based organization, which has warned that trade disruptions could ricochet throughout... 

Oil climbs as Opec signal on output curbs overshadows trade risk

21st May 2019 Oil rose for a second day on signs Opec and its allies will extend production cuts beyond June, while a steadily deteriorating US-China trade relationship kept prices from pushing higher. Futures in New York extended their gains after closing up 0.5% on Monday. Saudi Energy Minister Khalid... 
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City of Cape Town replaces old swing bridge at V&A Waterfront

Designer SMEC South Africa and construction contractor Stefanutti Stocks Coastal have progressed in its work to replace the old swing bridge at the V&A Waterfront that connects the Pierhead and the Clock Tower precincts. The massive structure that is 42 m long and 4 m wide will need to be... 

Land Bank economist warns of increasing risk of African swine fever

South African meat producers are likely to continue facing challenges this year, says Land Bank agricultural economist Karabo Takadi. One of the biggest likely challenges is that the risk profile for the outbreak of African swine fever (ASF) was increasing, posing a potential risk to stakeholders... 
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