https://www.engineeringnews.co.za

Follow @EngNewsZA

Advertise on this page? Click Here to Learn More

Trade News

Ford produces 500 000th Ranger in South Africa

By: Schalk Burger 24th August 2018 Ford Motor Company of Southern Africa’s (FMCSA’s) Silverton assembly plant, in Pretoria, has produced its 500 000th Ford Ranger. “The current Ford Ranger has been a remarkable success story for FMCSA, and we are delighted to have reached the 500 000 mark for this vehicle programme,” says Ford... →

US poultry industry to urge retaliation if South Africa ends quota

By: Reuters 22nd August 2018 The United States poultry industry will press its government to retaliate if South Africa suspends a quota that excludes some US imports from an anti-dumping tariff, the head of a poultry trade group said. The South African Poultry Association (SAPA) has filed a lawsuit seeking to force the... →

Poultry group seeks to suspend US import quota

By: Reuters 21st August 2018 The South African Poultry Association (SAPA) has filed a legal action to force the government to suspend a quota that excluded imports of US poultry from South Africa's anti-dumping tariff, a senior official with the association said on Tuesday. The decision by SAPA was a response to the Trump... →

EESE welcomes imminent BBBEE scheme listings

By: Simone Liedtke 21st August 2018 Equity Express Securities Exchange (EESE) on Tuesday welcomed the planned listings of the MultiChoice and Media24 broad-based black economic empowerment (BBBEE) schemes, Phuthuma Nathi and Welkom Yizani, in October. These listings will include Phuthuma Nathi Investments, Phuthuma Nathi... →

Equity Express Securities Exchange (EESE) CEO Anthony Wilmot

Proudly South African launches online shopping site in boost for Buy Local campaign

By: Marleny Arnoldi 21st August 2018 Proudly South African (Proudly SA) and RSA Made on Tuesday launched an online shopping site, www.rsamade.co.za, which sells only locally made items. The site forms part of Proudly SA’s Buy Local advocacy campaign, and looks to grow Proudly SA’s members’ share of the burgeoning market that is... →

Mint Directors Conference to reach South African shores in 2020

By: Simone Liedtke 20th August 2018 The biennial Mint Directors Conference (MDC) will return to South African shores in 2020, says South African Reserve Bank (SARB) subsidiary, the South African (SA) Mint. The event, which is expected to attract more than 300 guests, will be held in both Cape Town and Pretoria, in April 2020. →

The baton was passed on to the South African Mint by the Korea Minting and Security Printing & ID Card Operating Corporation (Komsco), which hosted the conference this year in Seoul

New Asia market manager appointed for South African wines body

By: Schalk Burger 17th August 2018 Winemaker industry body Wines of South Africa (WoSA) has appointed Marcus Ford as its new Asia market manager, effective August 20. He will be based in Shanghai, China, and responsible for running all marketing activities throughout mainland China, Hong Kong and Japan, the organisation said on... →

Dachser South Africa driving excellence in road freight services

17th August 2018 According to logistics company Dachser South Africa road freight in Africa can be a challenging undertaking. Therefore, transporting goods and services throughout the continent requires a network of support partners, a team that has up-to-date information on multi-country customs and border... →

STRATEGIC GOAL Dachser South Africa’s aim is to ensure that logistics is tailored to meet clients’ specific requirements

New regulation increases interest in local industry

By: Melissa Zisengwe 17th August 2018 The logistics industry will be boosted by the New Customs Acts Programme (NCAP), which was formally introduced this year, says working capital specialists Investec Import Solutions customs manager Dylan Govender. The South African Revenue Service (Sars) describes the NCAP as a safe, enabling,... →

NEW REGULATION Companies are now required to declare their cargo conveyed to South Africa 24 hours prior to transportation

Tiger Brands’ shares fall on lower FY18 earnings expectations

By: Simone Liedtke 16th August 2018 JSE-listed Tiger Brands’ share price fell by nearly 9.8% on Thursday morning after it announced that its earnings per share (EPS) and headline earnings per share (HEPS) for the financial year to end September 30 are likely to decrease by 22% to 37% year-on-year. It reported EPS of R19.15 and HEPS... →

Davies endorses Itac’s recommendation of increase in sugar import duties

By: Simone Liedtke 15th August 2018 Trade and Industry Minister Dr Rob Davies has endorsed the International Trade Administration Commission of South Africa’s (Itac’s) recommendation for an increase in import duties on sugar to $680/t. While the level is not at the maximum bound rate, as initially requested by the industry in the... →

Trade prospects deteriorate further in July – Sacci

By: Marleny Arnoldi 15th August 2018 Trade prospects have deteriorated further in July, from the already negative outlook in June, the South African Chamber of Commerce and Industry (Sacci) reported on Wednesday, following the release of its latest Trade Conditions Survey. Trade expectations for the next six months, as reflected... →

Ford produces milestone 500 000 Rangers in South Africa

By: Schalk Burger 14th August 2018 Ford Motor Company of Southern Africa’s (FMCSA’s) Silverton assembly plant, in Pretoria, has produced its 500 000th Ford Ranger. “The current Ford Ranger has been a remarkable success story for FMCSA, and we are delighted to have reached the 500 000 mark for this vehicle programme,” Ford Middle... →

FORD RANGER 2017

R12m solar PV plant to be installed at Liberty Midlands Mall

By: Nadine James 8th August 2018 Liberty Two Degrees (L2D), in partnership with Liberty Group, on Wednesday announced the first solar photovoltaic (PV) installation at the Liberty Midlands Mall, in Pietermaritzburg. This solar PV plant is being commissioned on the roof of the mall’s 22 000 m2 Phase 3 extension, which was... →

Davies gazettes draft regulations on SEZs

By: Nadine James 7th August 2018 Trade and Industry Minister Dr Rob Davies has gazetted draft regulations on the Governance and Composition of the Special Economic Zones (SEZs) The proposed regulations seek to provide for the following options – for the management and operation of the industrial development zone (IDZ) entity not... →

Trade and Industry Minister Dr Rob Davies

DA proposes free trade, cost and regulatory reductions to stimulate manufacturing

By: Schalk Burger 7th August 2018 Political party, the Democratic Alliance (DA), on Tuesday proposed increased free trade and reducing regulatory burdens and energy costs to stimulate manufacturing in South Africa. In its policy proposal, ‘Manufacturing a new economic future’, the party states that “an effective trade policy... →

Corruption Watch report highlights schools, SOEs, health sector as areas of concern

By: Nadine James 7th August 2018 From January 1 to June 30, 2 469 cases of corruption were lodged with Corruption Watch the organisation noted in its ‘2018 Analysis of Corruption Trends (ACT)’ report, which it released on Tuesday. Six areas of concern were highlighted by these cases, including schools, municipalities, the South... →

EU asks WTO to certify it has removed Airbus subsidies

By: Reuters 6th August 2018 The European Union has asked the World Trade Organization to certify that it has complied with WTO rulings on its subsidies for planemaker Airbus, attempting to forestall-billions of dollars of US sanctions, a document published by the WTO showed on Monday. The legal move is the latest step in a... →

Funding for SA firms seeking to increase African trade and investment exposure

By: Schalk Burger 3rd August 2018 Increased trade and interdependence with the rest of Africa are set to bolster the anaemic economy of South Africa through the R13.4-billion Export Credit Insurance Corporation of South Africa (ECIC) and African Export Import Bank (Afreximbank) South African Trade and Investment Promotion... →

Altron to reveal new brand

By: Nadine James 2nd August 2018 JSE-listed information and communications technology service provider Altron on Thursday unveiled a new brand aimed at ensuring the company goes to market under a single identity. “Our new brand brings with it a new culture of how we do business,” said Altron CE Mteto Nyati. “Part of this is our... →

PwC suggests reviewing corporate culture to combat economic crime

By: Nadine James 2nd August 2018 Digital innovation and technology have given rise to new attack surfaces for economic criminals and fraudsters, resulting in the rate of instances growing at exponential levels, PwC’s 2018 ‘Global Economic Crime’ survey shows. The survey, released on Thursday, notes that just under half of... →

CSIR, Gold Yard to scale up industrial development in Africa through partnership

By: Simone Liedtke 1st August 2018 The Council for Scientific and Industrial Research (CSIR) and Gold Yard International Exchange Service have signed an agreement to contribute to boosting industrial development on the African continent. Gold Yard represents the various provincial bureau of China State Administration of Foreign... →

G20 agriculture ministers slam protectionism, pledge WTO reforms

By: Reuters 30th July 2018 Agriculture ministers from the G20 countries criticized protectionism in a joint statement on Saturday, and vowed to reform World Trade Organization (WTO) rules, but did not detail what steps they would take to improve the food trade system. In the statement, they said they were "concerned about... →

Growth potential positive – Naamsa

By: Halima Frost 27th July 2018 Owing to the right policies, interventions and goodwill by all automotive industry stakeholders, National Association of Automobile Manufacturers of South Africa (Naamsa) director Nico Vermeulen says the industry’s growth potential remains positive. “Currently, the automotive industry is the... →

Brics leaders commit to strengthen multilateral trading system amid ‘unprecedented challenges’

By: Terence Creamer 26th July 2018 Heads of State from Brazil, Russia, India, China and South Africa highlighted the benefits of multilateralism and cooperation for unlocking economic growth and development during the tenth Brics Summit, which took place in Johannesburg on Thursday. In the open session chaired by South Africa’s... →

Chinese President Xi Jinping, Indian PM Narendra Modi, South African President Cyril Ramaphosa, Brazilian President Michel Temer and Russian President Vladimir Putin

Business Leadership urges SA private sector to match foreign investment

By: African News Agency 26th July 2018 Business Leadership South Africa (BLSA) on Thursday urged the local private sector to help build on the BRICS Summit by matching and taking advantage of the investment opportunities presented by the summit and associated business forums. This follows an announcement of US $14,7 billion worth of... →

BLSA Chief Executive Bonang Mohale

WTO chief sees trade war ending in political talks

By: Reuters 26th July 2018 The nascent global trade war will have to be ended by a political agreement between world leaders, because continuing down the current path will only damage the global economy, the head of the World Trade Organization said on Wednesday. WTO Director General Roberto Azevedo said that world leaders... →

South Africa 'collateral damage' in US-led global trading war – Davies

By: African News Agency 25th July 2018 South Africa has become "collateral damage" in the trading war involving mainly the United States, China, Canada and the European Union, with tariffs imports on its steel exports, Trade and Industry Minister Dr Rob Davies said on Wednesday. Global tensions have flared up as other countries hit... →

South Africa signs $14bn trade agreements with China

By: African News Agency 24th July 2018 President Cyril Ramaphosa said on Tuesday that the South African government had signed several agreements, including memorandums of understanding on investments, amounting to $14.7-billion with China. Various government departments signed agreements with the Chinese government in areas such as... →

Chinese President Xi Jinping and President Cyril Ramaphosa

Standard Bank, UnionPay partnership eases Chinese card payments

By: Schalk Burger 24th July 2018 Chinese card payment services provider UnionPay International and financial services firm Standard Bank have agreed to accelerate access to UnionPay’s cards across key markets in Africa, the companies said in a statement on Monday. The move will bring increased convenience to Chinese people... →

LEIP MoU signed, 101 669 potential jobs created

By: Simone Liedtke 23rd July 2018 Up to 101 669 jobs could be created during the first five years of construction of the Limpopo Eco-Industrial Park (LEIP), which Eco-Industrial Solutions (EIS) CEO Deshika Kathawaroo on Monday said would “fundamentally change” the Limpopo province’s contribution to South Africa’s strategic... →

Photo by Simone Liedtke
(Left) Limpopo Economic Development Agency group CEO Ben Mphahlele and (right) Eco-Industrial Solutions CEO Deshika Kathawaroo (right) at the signing ceremony on Monday

Brics nations must do away with restrictive barriers to trade

By: African News Agency 23rd July 2018 The Brics nations should look at innovative ways to remove barriers to trade, including decreasing barriers to new technology growth, while also considering a Brics visa card. This is according to Elena Myakotnikova of the Agency for Strategic Initiatives, who delivered a presentation on a "road... →

AfDB approves $250m risk participation agreement with ABSA

By: Creamer Media Reporter 20th July 2018 The African Development Bank (AfDB), this week, approved an unfunded $250-million risk participation agreement (RPA) with ABSA Bank. This RPA, housed within the AfDB’s Trade Finance operations, will enhance African issuing banks’ ability to leverage trade financing through a multisectorial approach. →

Trade war could knock 3% off global GDP – Bank of France study

By: Reuters 20th July 2018 An international trade war with wide-ranging tariff hikes could cut global gross domestic product by as much as three percent, according to a study by the French central bank on Thursday. The direct impact of a generalised 10 percentage point increase in import tariffs could alone knock 1% off... →

South Africa seeks to strike trade balance at Brics Summit

By: African News Agency 19th July 2018 South African government will be working to tackle the trade imbalance and also address complimentary trade between it and its Brics partners at the crucial upcoming Summit next week, officials said on Thursday. Lerato Mataboge, deputy director-general at the Department of Trade and Industry... →

Study indicates FDI can provide credible solutions to several social issues

By: Simone Liedtke 17th July 2018 If guided wisely, foreign direct investment (FDI) can provide credible solutions to inequality, and alleviate urban poverty and unemployment, the United Nations Human Settlements Programme (UN-Habitat) said on Tuesday with the release of its ‘State of the African Cities 2018’ report. Drawing on a... →

SA business delegation arrives in Angola for trade and investment mission

By: African News Agency 16th July 2018 The South African business delegation arrived in Luanda, Angola on Monday, for a five-day trade and investment mission. The mission is led by the Deputy Minister of Trade and Industry, Bulelani Magwanishe, and is set to take place from Monday until July 21. →

Topics In These Articles

Charter Defence Efficiency Engineering Export PROJECT Resources Safety SECURITY Systems Technology Aluminium Business Electrical Financial Tourism Energy Manufacturing Mining Copper rail Roads Terminals Trucks Health Sustainable Finance Water Environment System ... more

RSS Feed

About

Engineering News is a product of Creamer Media.
www.creamermedia.co.za

Other Creamer Media Products include:
Mining Weekly
Research Channel Africa
Polity

Newsletters

Sign up for our FREE daily email newsletter

Receive daily sector news alerts

More

Subscriptions

We offer a variety of subscriptions to our Magazine, Website, PDF Reports and our photo library.

Subscriptions are available via the Creamer Media Store.

View store

Advertise

Advertising on Engineering News is an effective way to build and consolidate a company's profile among clients and prospective clients. Email advertising@creamermedia.co.za

View options

Subscribe