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Trade News

Firm says at least 32 companies likely to delist from South Africa’s exchanges this year

By: Marleny Arnoldi 5th July 2022 South Africa’s stock exchanges are set to experience a few delisting’s in the remainder of the year, which is likely to take the full-year total to at least 32. Consultancy AmaranthCX reports that South Africa had 332 listed companies at the start of the year, across the JSE and three other... →

Hudaco lifts interim profit despite global market challenges

By: Donna Slater 1st July 2022 Branded automotive, industrial and electrical consumable products group of companies Hudaco grew its turnover for the six months ended May 31 by 12% year-on-year to R3.8-billion. Turnover was also 19% higher than pre-Covid-19 levels. →

Britain extends steel tariffs, breaching WTO rules

By: Reuters 29th June 2022 Britain on Wednesday extended a package of tariffs and quotas on five steel products by two years to protect local steelmakers, in a move that will breach international trade rules. Trade minister Anne-Marie Trevelyan told parliament the safeguards would help defend a strategic industry and that... →

Infrastructure delivery key to growing economy, creating local demand

By: Donna Slater 27th June 2022 The construction and development of infrastructure is critical to accelerating demand for associated goods and services, as well as to significantly boost the economy, Infrastructure South Africa investment and unblocking chief director Mashopha Moshoeshoe said earlier this month. Speaking at... →

CA&S Group lists on the JSE main board

By: Donna Slater 27th June 2022 Fast-moving consumer goods services group CA Sales Holdings, trading as CA&S Group, was listed on the main board of the JSE at the opening of the stock exchange’s markets at 09:00 on June 27. The JSE listing comes after CA&S listed on the BSE in 2017. →

Mutually respectful, beneficial foreign investments key – Bonakele

By: Donna Slater 24th June 2022 South Africa needs “very predictable, clear regulatory systems” as it seeks mutually respectful and mutually beneficial foreign investment, South African Competition Commission Commissioner Tembinkosi Bonakele said at the Southern Africa France Business Forum on June 22. Hosted by Business... →

Reform, State capability, corruption must be addressed before South Africa can progress – Mavuso

By: Donna Slater 24th June 2022 Three critical issues stand in the way of South Africa moving forward in terms of developing and attracting investment, Business Leadership South Africa CEO Busi Mavuso said at the Southern Africa France Business Forum on June 22. Hosted by Business France, French Foreign Trade Advisors and the... →

An image of Business Leadership South Africa CEO Busi Mavuso

Photo by Creamer Media's Donna Slater
Business Leadership South Africa CEO Busi Mavuso

Testing phase of steam drum finalised

By: Halima Frost 24th June 2022 Earlier this month, steel fabricator and welding specialist Hydra-Arc finished the post weld heat treatment (PWHT) and pressure test of the third of four drums on an order for a client in the sugar industry. The order – procured in August last year, which will be supplied and commissioned by... →

A welder at Hydra Arc's Middleburg premises is seen welding a large drum which will be used in the sugar industry

UNDER PRESSURE The pressure testing and post weld heat treatment of three of four drums on order has been finalised

May trade conditions presenting a challenging environment – Sacci

By: Schalk Burger 23rd June 2022 The South African Chamber of Commerce and Industry’s (Sacci’s) May Trade Conditions Survey found that expectations for trade activity six months hence were mirroring the uncertainty in the global market, and the expectations index subsided into negative territory, having lost 12 index points... →

Labour migration policy nearing completion, says Nxesi as truckers intensify action over foreign drivers

By: Marleny Arnoldi 17th June 2022 The Employment and Labour Department is finalising policy that will help to regulate the extends to which foreign nationals can be employed in South Africa, Minister Thulas Nxesi said on Friday. His comments come as trucker drivers this week intensified their national strike against the... →

World Economic Forum New Champions Chapter launched in South Africa

By: Donna Slater 15th June 2022 Integrated market access and logistics solutions provider Imperial, and markets, risk management and data science company Risk Insights jointly hosted the official launch of the World Economic Forum (WEF) New Champions Chapter, in Johannesburg, on June 14. In August 2021, the WEF announced both... →

An image of Julia Devos, Andrey Bogdanov and Mohammed Akoojee

WEF New Champions global community head Julia Devos, Risk Insights principal and CEO, and WEF New Champions Local Chapter South Africa co-chairperson Andrey Bogdanov, and Imperial group CEO Mohammed Akoojee

Pandemic induces change in food and beverage behaviour for the better – Tetra Pak

By: Donna Slater 15th June 2022 The Covid-19 pandemic has resulted in a shift in the way people approach everyday life and the ways they prepare and consume food and beverages, food processing and packaging solutions company Tetra Pak’s latest index report shows. The report reveals that the pandemic has reinforced the value... →

Positive perceptions of South Africa as an EU investment destination, but challenges remain

By: Tasneem Bulbulia 14th June 2022 There are positive perceptions from potential investors to South Africa, and continued interest among existing investors in the country, despite impacts such as the Covid-19 pandemic and the July 2021 civil unrest; however, it is critical that challenges be addressed to engender even more... →

Treasury gazettes new VAT regulations for valuable metal vendors

By: Darren Parker 14th June 2022 The National Treasury this week gazetted the Regulations on Domestic Reverse Charge Relating to Valuable Metal, which is meant to serve as an anti-abuse measure aimed at foreclosing schemes and malpractices to claim undue value-added tax (VAT) refunds from the South African Revenue Service (Sars)... →

Localisation strategies must identify, remove constraints for local producers

By: Darren Parker 13th June 2022 Effective localisation strategies must start by identifying the constraints on local producers that make it harder for them to compete with foreign suppliers, a report issued by economic research firm Trade and Industrial Policy Strategies (Tips) on June 10 states. Tips identified several... →

South African GDP boosted as investment makes gradual recovery

By: Darren Parker 13th June 2022 In expenditure terms, a recovery in investment and expanded household spending boosted South Africa’s gross domestic product (GDP) growth in the first quarter this year, according to a report issued by economic research firm Trade and Industrial Policy Strategies (Tips) on June 10. Gross fixed... →

WTO set to debate tariffs on $26.7tr in global e-commerce

By: Bloomberg 13th June 2022 For the past quarter century, the meteoric rise of the digital economy has been exempt from the kind of tariffs that apply to trade in physical goods. That era may come to a screeching halt this week as a handful of nations threaten to scrap an international ban on digital duties in a... →

UK to support free and fair trade at latest WTO Ministerial Summit

By: Rebecca Campbell 13th June 2022 UK International Trade Secretary (Cabinet Minister) Anne-Marie Trevelyan reaffirmed, on Sunday, the central importance of freedom and fairness in global trade. She was speaking ahead of the 12th Ministerial Conference of the World Trade Organisation (WTO), which will run from Sunday to Wednesday... →

New cement production capacity in Africa might be preferable to high transport costs

By: Darren Parker 10th June 2022 The rapidly rising cost of transport means that adding additional cement production capacity in Africa might be worth considering going forward. Before the outbreak of Covid-19, a long-term decline in shipping costs and the relative price of imported cement, which was also expected to gradually... →

Publication detailing domestic startup ecosystem to be launched

By: Donna Slater 3rd June 2022 Startup-focused news and research company Disrupt Africa will, in the second week of June, release its South African Startup Ecosystem Report 2022 in partnership with the SA SME Fund and Nedbank Corporate and Investment Banking (CIB). Since launching its research arm in 2016, Disrupt Africa has... →

South Africa records R15.49bn trade surplus for April

By: Tasneem Bulbulia 1st June 2022 The South African Revenue Service (Sars) trade statistics for April indicate a preliminary trade surplus of R15.49-billion. The R15.49-billion preliminary trade balance surplus for April is attributable to exports of R151.79-billion and imports of R136.30-billion, Sars says. →

AMIE reiterates call for local chicken producers to further develop export markets

By: Donna Slater 1st June 2022 The Association of Meat Importers and Exporters (AMIE) has reiterated its stance that importing chicken into South Africa is crucial to keeping prices of locally available chicken in check for consumers, who it says are struggling to afford this vital source of protein. AMIE CEO Paul Matthew... →

Local poultry producers remain at odds with chicken importers on tariffs

By: Donna Slater 30th May 2022 In an ongoing dispute between chicken importers and local chicken farmers about lowering the prices of poultry products, trade movement FairPlay founder Francois Baird has challenged chicken importers to reveal their “substantial” profits and how much they have invested in expanding their... →

Study highlights potential export markets for South African, SADC products

By: Schalk Burger 27th May 2022 A study, undertaken as part of the European Union (EU) and Southern African Customs Union (SACU) Economic Partnership Agreement (EPA) on trade in goods, has highlighted specific opportunities for various industries to grow and/or diversify their exports and, in the process, help to offset some... →

South African terms of trade boon provides unique opportunity for the economy

By: Darren Parker 27th May 2022 South Africa is currently enjoying a terms of trade boon, with export prices outpacing import prices, market research firm Intellidex director and capital markets research head Peter Attard Montalto said on May 25. “It’s an unusual situation, driven by metals prices and helped by the fact that... →

South Africa is currently a net exporter of food

SA poultry producers missing out on export market with lax livestock health standards

By: Donna Slater 26th May 2022 The South African poultry industry is “missing a massive opportunity” to export products as a result of it not meeting the health and safety standards required by trade blocs such as the European Union (EU), says the South African Association of Meat Importers and Exporters (AMIE). A robust and... →

Standard Bank opens access to renewable energy for homeowners

By: Darren Parker 23rd May 2022 Financial services company Standard Bank has announced that it is opening access to a comprehensive and sustainable supply of renewable energy solutions and components to homeowners and enterprises throughout Africa through a new Africa-China Trade Solutions (ACTS) renewable energy import... →

Standard Bank trade and Africa-China business and commercial clients executive head Philip Myburgh

AfCFTA holds opportunities for South African industry

By: Tasneem Bulbulia 20th May 2022 With progress being made on negotiations for the implementation of the African Continental Free Trade Area (AfCFTA), South Africa’s steel industry could capitalise on opportunities emanating from AfCFTA agreement, once it is implemented. Tralac Trade Law Centre executive director Trudi... →

Astral posts higher interim profit, revenue

By: Donna Slater 16th May 2022 Integrated poultry producer Astral increased its revenue for the six months ended March 31 by 26.5% year-on-year to R9.4-billion, while its net profit from continuing operations increased by 145% year-on-year to R546.86-million. Operating profit from continuing operations increased by 134%... →

South African coal consumers face tough decisions as miners prioritise exports over domestic offtakers – Jones

By: Donna Slater 13th May 2022 A potential food crisis may be brewing in South Africa as domestic coal consumers face increasing difficulty in securing coal supplies at a fair price to fire their processing plants, says commodity insights and marketplace company African Source Markets CEO Bevan Jones. He tells Mining Weekly... →

African Source Markets CEO Bevan Jones

SA Canegrowers assists 21 000 small-scale sugar growers as industry faces headwinds

By: Donna Slater 10th May 2022 Contributions by sugarcane organisation the South African (SA) Canegrowers made up a significant portion of R225-million that was distributed to small-scale growers in January, after funds were distributed to help combat severe challenges that continue to plague the industry, including cheap... →

AGOA Exporter of the Year Awards 2022 open for nominations

By: Tasneem Bulbulia 10th May 2022 Nominations are now being accepted for the 2022 South Africa AGOA Exporter of the Year Awards. It is hosted by the International Trade Institute of Southern Africa with the support of the USAID Southern African Trade and Investment Hub. →

Vessel backlogs cleared at Cape Town Container Terminal

By: Darren Parker 4th May 2022 The combination of consenting weather, an improved equipment reliability programme and increased human resources has cleared vessel backlogs at the Cape Town Container Terminal (CTCT), State-owned Transnet Port Terminals (TPT) said in a statement on May 4. “Vessels are now able to berth on... →

Western Cape fruit exports expected to increase

By: Yvonne Silaule 26th April 2022 Western Cape Agriculture Minister Ivan Meyer this week said he was pleased with the forecast of an increase in fruit exports from the province, following the good rainfall in the province since 2018. In a statement, he said It was expected that the increased water availability would boost... →

Proposed EU pest regulations to hurt domestic citrus exports, says association

By: Donna Slater 25th April 2022 Newly proposed European Union (EU) regulations threaten the export of oranges from the Southern African region to Europe, according to Citrus Growers’ Association (CGA) of South Africa special envoy to market access and EU matter representative Deon Joubert. Earlier in April, the EU’s Standing... →

Transnet regains capacity at Port of Durban in wake of cyclone Issa

By: Donna Slater 14th April 2022 Following the destruction caused by cyclone Issa earlier this week, Transnet is building capacity at its various Durban terminals that were impacted by severe weather and flooding. The severe weather conditions impacted on Transnet’s ability to conduct operations, while many employees were... →

Photo by Creamer Media's Donna Slater
Diesel locomotives shunt wagons at Transnet's Durban container terminal - seen here a week before the region was hit by cyclone Issa, causing widespread destruction, disruption and resulting in several hundred deaths.

Sacci urges govt to do everything possible to assist KZN flood victims

By: Donna Slater 14th April 2022 The South African Chamber of Commerce and Industry (Sacci) urges government to do “everything in its power” to assist KwaZulu-Natal businesses impacted by the recent flooding. Sacci also encourages insurance companies to attend to claims expeditiously, while condemning the few who are allegedly... →

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