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Trade News

Nigeria to consider its industries in Africa free trade zone decision

By: Reuters     20th June 2019 Nigeria will consider the interests of its industries in deciding whether to sign up to a $3-trillion Africa free-trade agreement, President Muhammadu Buhari said in a meeting with local manufacturers on Wednesday. The African Continental Free Trade Agreement (AfCFTA) encompasses 1.2-billion... 

Aspen Pharmacare exec stresses need to include private sector in Iora

By: Shirley le Guern     18th June 2019 The Indian Ocean Rim Association (Iora) conference, held in Durban on June 17 and 18, presented an opportunity to reconfigure the conference from what has” largely been a talk shop” to “something that will make sense to business people”, Aspen Pharmacare senior executive Dr Stavros Nicolaou said.... 

Indian Ocean Rim economies urged to increase trade with each other

By: Shirley le Guern     18th June 2019 It is time to re-energise the Indian Ocean Rim Association (Iora), created by Nelson Mandela in 1997, and transform it into an active body that unlocks tangible business opportunities and helps negotiate the removal of disruptive nontariff barriers between the 22 member States. This was the... 

AMIE calls on government to lead formulation of a national poultry strategy

By: Tasneem Bulbulia     14th June 2019 The right of South Africans to access a prime source of dietary protein must outweigh the factional interests of sectors of the poultry producing industry, the Association of Meat Importers and Exporters (AMIE) said on Friday, when it called on government to arbitrate in the brewing tariff battle... 

Indaba to foster African trade

By: Mamaili Mamaila     14th June 2019 The 2019 Manufacturing Indaba will host several trade and industry Ministers from Africa, with the focus leaning towards facilitating trade between African countries.  

Indaba to foster African trade
CROSSBORDER TRADE The Manufacturing Indaba will create a space for increased trade with neighbouring countries and facilitate deal-flow

Brazilian VP says Brics should focus on economics, not politics

By: Rebecca Campbell     14th June 2019 In comments made in Beijing on May 24, which appear not to have been much, if at all, reported outside his home country, Brazilian Vice President Hamilton Mourão called on the Brazil, Russia, India, China, South Africa (Brics) alignment to switch away from political issues and focus instead on... 

Trade expectations rise following elections

By: Marleny Arnoldi     12th June 2019 The South African Chamber of Industry and Commerce’s (Sacci’s) Trade Activity Index (TAI) rose to 41 in May, from 37 in April, while the Trade Expectations Index (TEI) rose to 49, from 39 in April. The respondents in Sacci’s trade survey indicated that the election results had improved... 

Trade wars a drag on global economy, says Patel

By: African News Agency      10th June 2019 Trade and Industry Minister Ebrahim Patel said on Monday that heightened uncertainty from growing trade tensions was also placing a drag on an already fragile global economy.  This as Patel returned from Japan where he attended the two-day G20 Joint Trade and Digital Economy Ministers and the G20... 

Turnaround strategy for production tech industry making headway

By: Tracy Hancock     7th June 2019 Intsimbi Future Production Technologies Initiative (IFPTI) is making headway with its turnaround strategy for South Africa’s distressed tooling industry and is receiving substantial recognition locally and internationally, but many small, lower technology companies are still struggling, says... 

Turnaround strategy for production tech industry making headway
CHANGE IS NECESSARY The South African manufacturing sector cannot survive without the support of a strong, vibrant and technologically sophisticated local tooling industry

Machine tools sector preparing local manufacturing for 4IR

By: Tracy Hancock     7th June 2019 Technological advancements in the local machine tools industry will help grow South Africa’s struggling manufacturing sector, says corporate association of manufacturers Manufacturing Circle (MC) executive director Philippa Rodseth. The manufacturing sector’s contribution to South Africa’s gross... 

Machine tools sector preparing local manufacturing for 4IR
PHILIPPA RODSETH A skilled workforce that can benefit from innovation and investments in new technologies is key to driving manufacturing competitiveness

TFR to conduct yearly maintenance shutdown on MMC line this month

By: Simone Liedtke     5th June 2019 State-owned Transnet Freight Rail (TFR) will be conducting its yearly maintenance shutdown on the Mineral Mining and Chrome (MMC) line from June 4 to 10.  The shutdown will allow TFR to undertake maintenance work that cannot take place during normal occupational conditions. 

Southern Palace-led consortium named preferred bidder for R2.5bn Tambo Springs container terminal 

By: Terence Creamer     5th June 2019 State-owned freight logistics utility Transnet has named a consortium led by black-empowerment group Southern Palace as the preferred bidder for a 20-year concession to build and operate a new R2.5-billion inland container terminal in southern Gauteng. The public­–private partnership, dubbed the... 

Southern Palace-led consortium named preferred bidder for R2.5bn Tambo Springs container terminal

Global manufacturing shrinks amid Wall Street recession warning

By: Bloomberg     4th June 2019 Global manufacturing was the weakest since 2012 last month, a victim of mounting trade tensions and further reason to worry that the world economy is weakening. With softness in Germany, Japan, the UK – as well as the lowest US result in a decade – IHS Markit’s global Purchasing Managers Index... 

Brazilian VP says Brics should focus on economics, not politics

By: Rebecca Campbell     3rd June 2019 In comments made in Beijing on May 24, which appear not to have been much, if at all, reported outside his home country, Brazilian Vice-President Hamilton Mourão called on the Brazil, Russia, India, China, South Africa (Brics) alignment to switch away from political issues and focus instead on... 

Brazilian VP says Brics should focus on economics, not politics

Seifsa welcomes operational phase of African Continental Free Trade Area

By: Marleny Arnoldi     3rd June 2019 The Steel and Engineering Industries Federation of South Africa has welcomed the official start of the African Continental Free Trade Area (AfCFTA) at the end of May. AfCFTA provides access to a continent-wide market of around 1.2-billion people, and is worth $2.5-trillion.  

Deterioration in headline PMI worrying, says Seifsa 

By: Nadine James     3rd June 2019 The seasonally adjusted Absa Purchasing Managers’ Index (PMI) erased most of last month’s gain and fell to 45.4 index points in May from 47.2 points in April, which – excluding the drop to 45 points in March – is the weakest level since October 2018. The decline brought the average PMI for the... 

Deterioration in headline PMI worrying, says Seifsa

South Africa records R3.43bn trade deficit in April 

By: Reuters     31st May 2019 South Africa recorded a trade deficit of R3.43-billion in April from a revised R4.71-billion surplus in March, data from the revenue service showed on Friday. Exports fell by 1.3% on a month-on-month basis to R103.75-billion in April, while imports rose 6.8% to R107.18-billion, the South African... 

Wesgro welcomes coming into force of Africa trade agreement

By: African News Agency      31st May 2019 The tourism, trade and investment promotion agency of Cape Town and the Western Cape, Wesgro on Friday welcomed the coming into force of the African Continental Free Trade Area Agreement, saying it had the potential to bring investment. AFCFTA is the legal tool for the creation of a single market... 

Wesgro welcomes coming into force of Africa trade agreement
Wesgro CEO Tim Harris

Innovation policy requires careful consideration – TIPS

By: Marleny Arnoldi     30th May 2019 Industrialisation requires innovation and, despite increased investment into science, technology and innovation, as well as the implementation of policies designed to encourage innovation, South Africa’s innovation activities remain constrained, Trade and Industrial Policy Strategies (TIPS)... 

Innovation policy requires careful consideration – TIPS
Photo by Creamer Media's Dylan Slater
TIPS executive director Saul Levin

What trade war? Africa sidesteps tariffs, starts free-trade pact  

By: Bloomberg     30th May 2019 Africa, largely ignored in a US-China trade war that could roil economies worldwide, is quietly piecing together the world’s largest free-trade zone. The African Continental Free Trade Area comes into force on paper on Thursday after the required 22 countries ratified the deal a month ago. Once... 

What trade war? Africa sidesteps tariffs, starts free-trade pact

Satawu plans ‘total shutdown’ of South Africa’s ports 

By: Simone Liedtke     28th May 2019 South African Transport and Allied Workers Union (Satawu) members are set to down tools at all of South Africa’s ports from 06:00 on Thursday, May 30. Satawu on Monday served the Transnet National Ports Authority (TNPA) with a strike notice after the Commission for Conciliation, Mediation and... 

EU eyes end-run around US action set to hobble WTO influence

By: Bloomberg     28th May 2019 The European Union (EU) on Monday will take steps to get around a stranglehold the US has placed on the World Trade Organization’s (WTO's) appellate body, which would allow countries to continue to adjudicate disputes within the international system. Trade ministers from the 28-nation EU are... 

Adjudicator says any security defence of US auto tariffs at WTO 'very difficult'

By: Reuters     28th May 2019 The US will find it "very difficult" to defend President's Donald Trump's proposed car tariff against any challenge at the World Trade Organization (WTO), a veteran trade adjudicator who has ruled on a related case told Reuters. Trump said this month that some imported vehicles and parts pose a... 

Davies sees rising unilateralism as trade war escalates 

By: African News Agency      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... 

Denel announces last phase of offset programme for Malaysia

By: Rebecca Campbell     24th May 2019 South Africa’s State-owned defence industrial group Denel has announced that it has launched its tenth and last offset project for Malaysia, being provided in return for the South East Asian country’s order for armoured vehicle gun turrets and integrated weapons systems for armoured fighting... 

Load-shedding’s impact on first-quarter GDP ‘more muted’ than thought – Intellidex

By: Simone Liedtke     17th May 2019 Based off high-frequency data, the impact of record load-shedding during the first quarter of this year is “more muted than previous estimates would suggest”, financial consultant Intellidex said on Friday. The company explained that it could account for about R300-million per stage per day so... 

SA business delegation heads to Uganda to explore trade and investment opportunities

By: African News Agency      17th May 2019 A group of 25 South African business people were in high spirits ahead of their departure to Kampala, Uganda, to explore trade and investment opportunities in the agro-processing, capital equipment, energy and furniture sectors in the East African country. This is according to the Department of... 

SA business delegation heads to Uganda to explore trade and investment opportunities

Local expo to showcase South Africa’s manufacturing capabilities 

By: Simone Liedtke     17th May 2019 Determined to broaden the inclusion of local manufacturers in local and international supply chains, the South African Capital Equipment Export Council has partnered with Specialised Exhibitions Montgomery to launch the Local Southern African Manufacturing Expo, which has, so far, received over 3... 

Local expo to showcase South Africa’s manufacturing capabilities
South African Capital Equipment Export Council CEO Eric Bruggeman

Playing field not level for local valves manufacturers

By: Khutso Maphatsoe     17th May 2019 Although the Department of Trade and Industry encourages investment in locally manufactured products, this has proven to be a challenge for local valves manufacturers, as companies still prefer to buy imported products, says industrial valve manufacturer and supplier Pace Valves MD Tony Haldenby.... 

Company offers first-class equipment to a variety of industries

17th May 2019 Stockist and distributor of premium valve brands Heaton Valves Africa’s core purpose is to provide first-class valve and associated equipment stock holding, distribution, technical consultation, training and project management services. These services will be available in industries such as oil... 

Court action suspended, parties agree on more transparency in chicken industry

By: African News Agency      15th May 2019 The Association of Meat Importers and Exporters (AMIE) and the South African Poultry Association (SAPA) have agreed to lift the veil of secrecy on "confidential" documents on which the protectionist application on chicken imports is based. In a statement in Wednesday AMIE, which had launched the... 

SAA launches direct service to Guangzhou, China

By: Simone Liedtke     6th May 2019 State-owned airline South African Airways will start direct flights between Johannesburg and Guangzhou, China, on September 18. Giving customers access to the heart of China’s export-led manufacturing industries is another part of the airline’s strategy of enhancing its route network. 

Nearly R5bn in trade deals for Cape Town, Western Cape declared in 2018/19 – Wesgro

By: African News Agency      2nd May 2019 The Western Cape's trade promotion agency Wesgro said on Thursday it had helped secure R4.98-billion in trade declarations on behalf of the province and its capital Cape Town during the 2018/19 financial year. Wesgro says its international trade team also assisted in landing R381-million in... 

Nearly R5bn in trade deals for Cape Town, Western Cape declared in 2018/19 – Wesgro

South African companies to network at US tech conference

By: Marleny Arnoldi     29th April 2019 Twenty South African companies from various sectors will showcase their capabilities at the Offshore Technology Conference that will be held in Houston, Texas, from May 6 to 9. Companies from the steel and fabrication, engineering and services, electrotechnical and services, and oil and gas... 

China, South Africa mark 20 years of diplomatic relations

By: Natasha Odendaal     26th April 2019 The win-win, shared development characterising the China-South Africa relationship has entered a new "golden harvest period" after 20 years of established diplomatic relations, says Changsha Municipal People's Government Vice Mayor Qiu Jixing. Speaking during a week-long China (Changsha)-South... 

Davies and Mboweni in Lesotho for SACU meeting

By: African News Agency      25th April 2019 South African Trade and Industry Minister Dr Rob Davies and Finance Minister Tito Mboweni are in Maseru, Lesotho, where they will attend the Southern African Customs Union "Council of Ministers" meeting on Thursday.  Lesotho is the current chair of SACU, whose members are Botswana, Eswatini,... 

Davies and Mboweni in Lesotho for SACU meeting
Trade & Industry Minister Rob Davies

Nearly R3bn in investment raised for Cape Town, Western Cape in 2018/19

By: African News Agency      23rd April 2019 The Western Cape’s investment promotion agency Wesgro said on Tuesday it had helped secure R2.85-billion in investments in the province during the 2018/19 financial year which would be realised over a five year period and create nearly 1 000 jobs. It said this followed a successful fourth quarter... 

Nearly R3bn in investment raised for Cape Town, Western Cape in 2018/19

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