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Trade News

Lithium and cobalt risks growing, World Energy Council survey finds

By: Schalk Burger     15th March 2019 The tenth edition of the World Energy Council’s (WEC’s) World Energy Issues Monitor 2019 highlights that lithium and cobalt will play an increasing role in commodity market risks, which are traditionally dominated by oil and gas price fluctuations. According to the survey, this is one of the four... 

Egypt seeks increased bilateral trade and investment with South Africa

By: Rebecca Campbell     14th March 2019 Egyptian Ambassador to South Africa Sherif Eissa has called for more bilateral trade and investment between his country and South Africa, as well as closer political cooperation. He was addressing the South African Chamber of Commerce and Industry and Federation of Egyptian Industries (FEI) Trade... 

Egypt seeks increased bilateral trade and investment with South Africa
Photo by Unesco
A view of Old Cairo, with the modern city in the background

Clock ticking on new SA trade deal with post-Brexit Britain

By: African News Agency      14th March 2019 South Africa and its southern Africa customs union partners will be trying to conclude an agreement with Britain on Friday on the trade ties and tariffs in the post-Brexit era but sticking points remain, Trade and Industry Minister Rob Davies said on Wednesday. Ministerial level talks between... 

Davies announces South African Premier Business Award winners

By: Simone Liedtke     14th March 2019 The winners of the sixth annual South African Premier Business Awards, which is aimed at promoting and encouraging businesses across all sectors to embrace transformation, were announced by Trade and Industry Minister Dr Rob Davies, in Sandton, on Wednesday night. The awards were hosted by the... 

Japan stresses Africa’s need to own its own development and promote private sector

By: Rebecca Campbell     13th March 2019 Japan is convinced that Africa should have ownership of its own development and that the private sector is essential for the continent’s economic progress. These views would be embodied in the latest (seventh) iteration of the Tokyo International Conference on African Development (Ticad 7), to be... 

Infrastructure and regulatory reform required to unlock Africa’s air-cargo potential

By: Rebecca Campbell     8th March 2019 Air transport would play a crucial role in the growth of intra-African trade, because of the poor terrestrial communications across the continent and the number of landlocked countries it contains. So affirmed South African Airways (SAA) CEO Vuyani Jarana in his keynote address at the opening of... 

UAVs, ecommerce set to transform air cargo

By: Rebecca Campbell     8th March 2019 Unmanned aerial vehicles, popularly called drones, and e-commerce (in particular the global giant e-commerce enterprises such as Amazon and Alibaba) look set to transform the air freight industry worldwide, including in Africa. This was the general opinion at a panel discussion at the recent Air... 

African seed companies outperform international peers

By: Nadine James     7th March 2019 Two African seed companies top the 2019 Access to Seeds Index for Eastern and Southern Africa, owing to their playing a key role in raising smallholder farmer productivity, the Amsterdam-based Access to Seeds Foundation reported on Thursday. The foundation’s newly released research stated that... 

Japan focusing attention on Indian Ocean rim countries for mutual benefit

By: Rebecca Campbell     7th March 2019 Japanese international strategy is today focusing on the rim of the Indian Ocean, highlighted Keio University Faculty of Law Professor Yuichi Hosoya in an address to the  South African Institute of International Affairs in Johannesburg on Thursday. This region, he noted, "is becoming the next... 

Britain and South Africa to jointly lead Commonwealth digital connectively initiative

By: Rebecca Campbell     5th March 2019 The UK and South Africa jointly announced on Tuesday that they had agreed to co-lead the Commonwealth Digital Connectivity Agenda. This is aimed at supporting inclusive growth and sustainable development in Commonwealth countries by promoting the exchange of best practices, experiences and views... 

Britain and South Africa to jointly lead Commonwealth digital connectively initiative
Photo by Crown Copyright
Dr Liam Fox (left) meets Dr Rob Davies (right), in London

Cell C COO steps in as interim CEO

By: Nadine James     28th February 2019 Telecommunications company Cell C on Thursday announced the appointment of COO Douglas Craigie Stevenson as interim CEO, effective March 1. He will hold the position until a permanent appointment is made in “due course.” 

Britain, South Africa finalising interim post-Brexit trade deal

By: Reuters     26th February 2019 South Africa is close to signing an interim trade agreement with Britain that would replicate arrangements with Europe and ensure trade will not be disrupted in the event of a hard Brexit, South African Trade Minister Dr Rob Davies said on Monday. With just a month to go before Britain is due to... 

Client choice and protection at heart of bank’s approach to fintech regulation

By: Schalk Burger     22nd February 2019 Financial technologies (fintech) are growing worldwide and reshaping the definition of money, financial services and economies. However, while the disruptions roil existing business models, companies and industries, increasing the choice of fintech services users while protecting their rights is... 

Client choice and protection at heart of bank’s approach to fintech regulation

M&R expects significant improvement in interim HEPS

By: Nadine James     19th February 2019 JSE-listed engineering group Murray & Roberts (M&R) expects a significant improvement in total earnings per share (EPS) and headline earnings per share (HEPS) for the six months ended December 31. Basic EPS for the period are expected to increase by between 57% and 75% year-on-year to between 44c... 

Clough set to acquire Saulsbury’s oil and gas unit, EPC portfolio

By: Nadine James     19th February 2019 Murray & Roberts (M&R) subsidiary Clough will acquire Houston-based engineering, procurement and construction (EPC) contractor Saulsbury’s Gulf Coast downstream and chemical business unit, as well as its EPC portfolio, for $5.2-million.  In the statement issued on Tuesday, M&R CE Henry Laas... 

Paramount secures armoured vehicle contract with UAE

By: Nadine James     19th February 2019 South African defence and aerospace company Paramount Group has secured a contract with the United Arab Emirates (UAE) for its next generation armoured personnel carrier – Mbombe 4, which was unveiled at defence and security expo IDEX 2019, being held in the Middle East this week.  Manufactured... 

Paramount secures armoured vehicle contract with UAE
Ivor and Eric Ichikowitz

The UK signs trade continuity agreement with five African countries as Brexit nears

By: Rebecca Campbell     15th February 2019 At the end of last month the UK signed a trade continuity agreement with countries from Eastern and Southern Africa. The countries concerned are the Comoros, Madagascar, Mauritius, Seychelles and Zimbabwe. These countries had, in 2009, signed an Economic Partnership Agreement (EPA) with the... 

Cryptocurrency trader welcomes SARB policy approach

By: Schalk Burger     15th February 2019 Local cryptocurrency trading platform Luno country manager Marius Reitz praises the South African Reserve Bank’s (SARB’s) approach to developing a regulatory response to cryptoassets in South Africa, which aims to protect cryptocurrency users and support the growth and development of the... 

Cryptocurrency trader welcomes SARB policy approach
MARIUS REITZ The regulations aim to ensure that the platforms are safe for people to use and combat illicit capital flows

As renewables soar, BP sees China hitting brakes on energy growth

By: Reuters     14th February 2019 Global demand for renewable power will soar at an unprecedented pace over the coming decades, BP said in a benchmark report on Thursday, while China’s energy growth is seen sharply decelerating as its economic expansion slows. Still, China is set to remain the largest energy consumer by a long... 

Luxembourg Protocol can save South Africa billions – Rail Working Group

By: Natasha Odendaal     14th February 2019 The adoption of the Luxembourg Rail Protocol to the Cape Town Convention on International Interests in Mobile Equipment is expected to be a game changer for South Africa, said Rail Working Group chairperson Howard Rosen on Thursday. The treaty, which is expected to enter into force late in 2019,... 

South African roll-over trade agreement with UK to be finalised before February 21

By: Marleny Arnoldi     13th February 2019 Parliament’s Portfolio Committee on Trade and Industry on Wednesday announced that the Department of Trade and Industry’s (DTI’s) negotiation team expected to reach a roll-over agreement with the UK by February 21. This regards preferential trading arrangements after the British exit from the... 

Survey still points to stifled trade environment in 2019 – Sacci  

By: Marleny Arnoldi     13th February 2019 Seventy per cent of respondents to the South African Chamber of Commerce and Industry’s (Sacci’s) trade conditions survey for January were negative about trade conditions. The Trade Activity Index (TAI), at 30 in January, was at its lowest level since inception of the survey in 2000. The prior... 

Sasol expects higher H1 earnings, but warns of Lake Charles cost increase

By: Nadine James     8th February 2019 Chemicals and energy company Sasol expects to report earnings per share (EPS) and headline earnings per share (HEPS) of between R23.71 and R24.16 and between R22.97 and R23.68, respectively, for the six months ended December 31. This means EPS is expected to increase by between 110% and 114%... 

Software adds value to automotive manufacturer supply chain

By: Thabi Madiba     8th February 2019 Software company Syspro Africa’s Enterprise Resource Planning (ERP) software enables automotive manufacturing and distribution companies to manage supply chain and financial processes. Syspro Africa professional services manager Doug Hunter explains that the ERP software assists automotive... 

Software adds value to  automotive manufacturer supply chain
Photo by Bloomberg
ON DUTY An employee holds a metal casing for an automotive steering system

Brimstone second-guesses Clover deal following BDS outcry

By: Nadine James     7th February 2019 JSE-listed Brimstone Investment Corporation is reviewing its participation in the proposed buyout of Clover Industries, following an outcry by human rights and Palestine solidarity organisation BDS South Africa. Clover and Brimstone separately reported on Monday that Milco SA – a new company... 

New floating caisson to improve productivity at Cape Town dry dock

By: Nadine James     7th February 2019 A new, R98-million floating caisson is to be fabricated for the Sturrock Dry Dock in the Port of Cape Town, which will enable one of the biggest dry dock facilities in the Southern Hemisphere to double its productivity, the Transnet National Ports Authority (TNPA) announced on Thursday. TNPA... 

New floating caisson to improve productivity at Cape Town dry dock
Sturrock dry dock

South African exporters urged to exploit Germany’s new Africa-specific initiatives

By: Nadine James     7th February 2019 South African exporters should take advantage of new German initiatives on Africa, as they are geared towards stimulating business, trade and economic development, South Africa’s Foreign Economic Representative in Germany Jacob Moatshe stated at the Fruit Logistica Berlin trade fair, on... 

South African exporters urged to exploit Germany’s new Africa-specific initiatives
South Africa's Foreign Economic Representative in Germany Jacob Moatshe

Mboweni appoints panel to assist in appointment of Sars commissioner  

By: Nadine James     7th February 2019 Finance Minister Tito Mboweni has appointed a panel to interview and recommend a shortlist of potential candidates for the position of the Commissioner of the South African Revenue Service (Sars). The President appoints the Sars Commissioner, but the Finance Minister is responsible for overseeing... 

UK and five African countries sign agreement to ensure trade continuity after Brexit

By: Rebecca Campbell     5th February 2019 At the end of last month the UK signed a trade continuity agreement with countries from Eastern and Southern Africa. The countries concerned are the Comoros, Madagascar, Mauritius, Seychelles and Zimbabwe. These countries had, in 2009, signed an Economic Partnership Agreement (EPA) with the... 

UK and five African countries sign agreement to ensure trade continuity after Brexit
Photo by Crown Copyright
UK Trade Minister George Hollingbery

Next generation of ‘smart lighting’ to be showcased at Taiwan expo

By: Simone Liedtke     1st February 2019 Energy efficiency is critical to sustaining smart cities, especially amid increasing urbanisation. Subsequently, the lighting industry’s focus seems to have shifted from replaceable lighting to special niche lighting, which includes aspects of smart lighting and the use of light-emitting diodes... 

Next generation of ‘smart lighting’ to be showcased at Taiwan expo
Photo by Simone Liedtke
ON DISPLAY Industrial lighting company ShinyU Lighting Company puts its products on show

Trade surplus widens in December

By: Reuters     31st January 2019 South Africa's trade balance recorded a surplus of R17.17-billion in December from a revised R3.29-billion surplus in November, official data showed on Thursday. Exports fell by 13.4% on a month-on-month basis to R102.75-billion in December, while imports decreased 25.8% to R85.58-billion, the... 

ARC to launch new range of cultivated indigenous citrus, deciduous fruits in Germany

31st January 2019 The Agricultural Research Council (ARC) will, next week, launch its new range of cultivated indigenous citrus and deciduous fruits during the twenty-seventh Fruit Logistica International Trade Fair, in Berlin, Germany.   The ARC will be among 25 businesses and research institutions that will... 

UK Minister for Africa Harriett Baldwin in SA for bilateral talks

By: African News Agency      31st January 2019 The United Kingdom (UK) Minister of State for Africa, Harriett Baldwin will arrive in Johannesburg on Thursday for a two-day visit to South Africa, the British High Commission said. Baldwin is set to hold talks with senior South African government officials, the business sector and civil society... 

TNPA appoints multipurpose terminal operator at PE port

By: Simone Liedtke     29th January 2019 The Transnet National Ports Authority (TNPA) has concluded an agreement with Bidfreight Port Operations (BPO) for the design, development, financing, construction, operation, maintenance and transfer of a multipurpose terminal at Sheds 10 and 11 in the Port of Port Elizabeth, following an open... 

TNPA appoints multipurpose terminal operator at PE port
TNPA COO Nozipho Mdawe (Left) hands over the official agreement to BPO MD Jannie Roux (Right)

Nontariff barriers are holding African economic growth back – WEF panel

By: Marleny Arnoldi     25th January 2019 A panel of business leaders speaking at the World Economic Forum (WEF) meeting, in Davos, Switzerland, this week, bemoaned the difficulty in obtaining work permits and visas for Africans across the continent and discussed the urgent need for Africa to focus on reducing nontariff barriers to... 

Modi, Ramaphosa announce 3yr strategic cooperation programme 

By: Marleny Arnoldi     25th January 2019 Indian PM Narendra Modi and President Cyril Ramaphosa have agreed that considerable scope exists for India and South Africa to grow their bilateral economic relationship. “To ensure concrete deliverables Modi and I concluded this morning a three-year Strategic Programme of Cooperation aimed at... 

Modi, Ramaphosa announce 3yr strategic cooperation programme
President Cyril Ramaphosa

SA has good policies but lacks implementation – Trade and Industry official

By: African News Agency      18th January 2019 South Africa has some of the best economic policies in the world but fails when it comes to implementing them, a senior government official said on Friday. The deputy director-general of special economic zones and economic transformation at the department of trade and industry Sipho Zikode also... 

SA has good policies but lacks implementation – Trade and Industry official

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