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Trade News

Truck traffic congestion at Durban port being addressed, says TNPA

By: Simone Liedtke     27th November 2019 The Transnet National Ports Authority (TNPA) says it is addressing “serious truck traffic congestion” in the Port of Durban’s Bayhead precinct, which began on Tuesday and continued overnight into Wednesday morning. Consequently, TNPA has arranged for the urgent deployment of the South African... 

German businesses not seizing opportunities in sub-Saharan Africa - minister

By: African News Agency      25th November 2019 Companies in the German state of Baden-Wuerttemberg are not doing enough to seize the enormous investment potential that Africa offers, its economic affairs minister has said. At the same time, cooperation offers great opportunities for Africa to promote jobs and prosperity and key issues around... 

Citrus industry rakes in R20bn in exports, despite challenging events

By: Simone Liedtke     25th November 2019 South Africa, which has packed 126-million cartons of citrus fruit for export globally, remains the second-largest global exporter of citrus fruit and, despite events such as drought and container terminal delays, the industry continues to rake export revenue of R20-billion a year into the... 

SA business people to travel to Mozambique to seek trade, investment opportunities

By: African News Agency      22nd November 2019 A group of South African business people representing 35 companies are expected to travel to Mozambique in search of investment and trade opportunities, the trade and industry department said on Friday. The group will be participating in an Outward Trade and Investment Mission to Pemba and Maputo... 

 SA business people to travel to Mozambique to seek trade, investment opportunities

South African businesses on trade outreach to Mozambique

By: Tasneem Bulbulia     22nd November 2019 A group of South African businesspeople, representing 35 companies, will be heading to Mozambique on Sunday in search of investment and trade opportunities. The group will participate in an Outward Trade and Investment Mission to Pemba and Maputo organised by the Department of Trade, Industry and... 

Angola considered an ‘excellent investment opportunity’

By: Simone Liedtke     20th November 2019 Angola faces considerable challenges as its economy evolves, but the focus must be on diversifying its economy, especially as it boasts “excellent investment opportunities in different sectors”, a panel of speakers agreed during a seminar hosted by law firm Webber Wentzel on Tuesday. Webber... 

SA's Gina to lead trade and investment mission to Mozambique

By: African News Agency      18th November 2019 South Africa's deputy minister of trade, industry and competition Nomalungelo Gina will lead a group of business people on a mission to Mozambique later this month with the aim of increasing bilateral relations between the two countries, her department said on Monday. The department is organising... 

SA's Gina to lead trade and investment mission to Mozambique
Deputy Minister of Trade & Industry Nomalungelo Gina

Brics Summit Declaration addresses fair trade concerns

By: Marleny Arnoldi     15th November 2019 With high levels of under-invoicing being a critical challenge in efforts to deepen fair trade, Trade and Industry Minister Ebrahim Patel has welcomed the Brics Summit Declaration by Heads of State (SDHS). The Brazil, Russia, India, China and South Africa (Brics SDHS) was adopted during the... 

Brics Summit Declaration addresses fair trade concerns
Trade and Industry Minister Ebrahim Patel

More opportunities brewing for women

By: Khutso Maphatsoe     15th November 2019 Opportunities for women in the brewery industry are increasing, despite there being a relative shortage of qualified women in the industry, says first black female majority-owned brewing company Brewsters Craft founder Apiwe Nxusani-Mawela. To combat this challenge, Brewsters Craft offers various... 

Authentic storytelling will attract new tourists

15th November 2019 A powerful message emerged during a presentation on trends by more than 15 high-level expert speakers at the recent Wine & Food Tourism Conference. Held at Spier near Stellenbosch on September 18, consultant Flux Trends analyst Dion Chang led a discussion about the trends that are shaping tourism... 

Russia has growing appetite for South African wines

15th November 2019 South Africa should take advantage of the growing appetite for South African wines in Russia and strengthen their marketing efforts to create more awareness and increase market penetration, says wine company La Ric Mal Wines marketing manager Malcom Green. The Stellenbosch-based winemaker is one... 

Wine academy celebrates 40 years in the industry

By: Khutso Maphatsoe     15th November 2019 The Cape Wine Academy (CWA) is celebrating 40 years in the industry this year and notes that this is as a result of various individuals who have contributed positively to the academy’s strong focus on educating the industry. Making reference to the evolution of the industry over the years, CWA... 

Trade levels still subdued in October – Sacci 

By: African News Agency      14th November 2019 Trade conditions remained stable but subdued in October and are expected to continue as such for the next six months, the South African Chamber of Commerce and Industry said on Thursday. Thought all components of trade conditions were on better levels than September, except for inventories and... 

Trade levels still subdued in October – Sacci

Local cement players solidify defence against import threat  

By: Tasneem Bulbulia     14th November 2019 While the quality of imported cement has been improving in recent years, it is usually not in line with the high quality of locally produced cement, the Concrete Institute (TCI) pointed out during a site visit to cement producer PPC’s Dwaalboom plant, in the North West, this week. TCI reiterated... 

Local cement players solidify defence against import threat
Photo by Creamer Media's Tasneem Bulbulia
PPC’s Dwaalboom plant

South African, Irish companies announce major new deals

By: Tasneem Bulbulia     12th November 2019 South African and Irish companies have announced major deals, as part of an Irish trade delegation programme organised by Ireland’s trade and innovation agency, Enterprise Ireland. More than 40 Irish companies are participating in the trade mission, led by the Irish Minister for Business,... 

A2X’s market capitalisation reaches R2tr

By: Marleny Arnoldi     12th November 2019 South Africa’s youngest stock exchange A2X Markets on Tuesday reached its R2-trillion market capitalisation mark, recording more than 29 000 trades in the last two years. A2X launched in October 2017 with three listings and four of the industry’s leading brokers on board.  

Durban port welcomes first vessel on new Miax service

By: Simone Liedtke     8th November 2019 Transnet National Ports Authority (TNPA) and Transnet Ports Terminals (TPT), through the Port of Durban, this week welcomed the first vessel to arrive at the port on the new Middle East–India–Africa Express (Miax) service, which was recently introduced by Hapag-Lloyd and its alliance partner,... 

Durban port welcomes first vessel on new Miax service
The container vessel MV New Jersey Trader

Blockchain entering third phase of its evolution

By: Schalk Burger     8th November 2019 New blockchain solutions, including the IBM Blockchain platforms  on which users can build their own blockchain applications (apps), are allowing for quick development and ease of use to provide traceability and consensus systems for a range of industries, says information technology... 

Blockchain entering third phase of its evolution
GERHARD DINHOF New solutions are stimulating innovation by allowing organisations to craft their own blockchain-based systems

Steel tube exports grow despite poor domestic demand

By: Mc'Kyla Nortje     8th November 2019 South Africa’s carbon steel and low-alloy-steel tube and pipe manufacturing industry exported about 221 000 t in 2017, compared with 278 000 t in 2018, an increase of 26%. This increase has been largely buoyed by a sharp increase in seamless pipe exports in 2018, says Steel Tube Export... 

Steel tube exports grow despite poor domestic demand
KEITUMETSE MOUMAKOE The South African steel industry, including the steel tube and pipe sub-industry, requires an export strategy that is supported by government policies

While some local aerospace sectors are thriving, others are in a rough patch

By: Rebecca Campbell     8th November 2019 The South African aerospace industry embraces the public and private sectors. It includes manufacturers; maintenance, repair and overhaul (MRO) service providers; and research and development (R&D) institutions. It covers general, commercial and defence aviation (including manned and unmanned... 

While some local aerospace sectors are thriving,  others are in a rough patch

Entrepreneurs, small business crucial to driving economic growth 

By: Simone Liedtke     7th November 2019 Entrepreneurs and the businesses they establish underpin any well-functioning country in today’s dynamic, fluid and ever-evolving world, says finance institution Investec banking and principal investments head Nick Riley. He describes small businesses as “the lifeblood of an economy”. 

Entrepreneurs, small business crucial to driving economic growth
Investec banking and principal investments head Nick Riley

Poultry master plan broadly accepted by industry

By: Simone Liedtke     7th November 2019 President Cyril Ramaphosa this week announced a new master plan for the poultry industry, which aims to put the industry back on a growth path. The plan, which has been broadly accepted by the poultry industry, was compiled by the Department of Trade, Industry and Competition (DTIC) and brokered... 

Poultry master plan broadly accepted by industry

EU argues case against Trump's metal tariffs at WTO

By: Reuters     5th November 2019 The European Union argued on Monday for the withdrawal of tariffs imposed by US President Donald Trump on metal imports in one of the most high-profile and potentially explosive cases to come to the World Trade Organization (WTO). Trump set duties in 2018 of 25% on incoming steel and 10% on... 

Ramaphosa to launch Tshwane automotive special economic zone

By: African News Agency      1st November 2019 South African President Cyril Ramaphosa will launch the Tshwane Automotive Special Economic Zone next Tuesday, the department of trade and industry said on Friday. The Gauteng provincial government applied to the trade and industry minister through the SEZ advisory board for the expansion of the... 

Ramaphosa to launch Tshwane automotive special economic zone
President Cyril Ramaphosa

DHL Americas opens new innovation centre

1st November 2019 International courier company DHL has expanded its global innovation footprint to the Americas region with the opening of its Americas Innovation Centre in September. 

Stored goods a fire risk for warehouses

By: Mamaili Mamaila     1st November 2019 Large industrial warehouses are at risk of catching fire, especially when the goods stored are not the property of, for example, courier or logistics companies that own the buildings, says fire risk management company ASP Fire. 

Stored goods a fire  risk for warehouses
MICHAEL VAN NIEKERK When dealing with courier and freight forwarding companies, ASP Fire assigns the highest possible fire load and risk

Cabinet applauds Chinese investment push for attracting R116bn

By: African News Agency      31st October 2019 The South African government on Thursday applauded the growing trade and economic relations with the People's Republic of China, which has led to at least 88 Chinese companies investing massively in the country's economy. Addressing media in Cape Town on the outcomes of a Cabinet meeting held on... 

Cabinet applauds Chinese investment push for attracting R116bn
Minister in the Presidency Jackson Mthembu

Parliament committee backs economic partnership deal between regional customs union and UK

By: African News Agency      30th October 2019 Parliament's portfolio committee on trade and industry said on Wednesday it had unanimously supported approval of the economic partnership agreement between the Southern African Customs Union and Mozambique and the United Kingdom. The agreement aims to provide stability for the trading... 

Parliament committee backs economic partnership deal between regional customs union and UK

EU agrees to Brexit extension as UK election looms

By: , Bloomberg     28th October 2019 The European Union (EU) agreed to grant the UK a three-month Brexit delay to January 31, removing the risk of a damaging no-deal split on Thursday as the British government tries to end the impasse in Parliament. Prime Minister Boris Johnson is pushing a vote in the House of Commons on Monday to... 

Medium-term investment buoying stainless steel industry

By: Halima Frost     25th October 2019 Despite a marked downturn in the global stainless steel industry, there are a few medium-term developments on the horizon for Southern Africa, notes research institute Afriforesight Commodities chief commodity economist Nathan Musson. “There are glimmers of hope in terms of investment in Southern... 

Medium-term investment buoying stainless steel industry
SPARKING INTEREST The stainless steel albeit somewhat stagnant offers a few sparks of investment interest

SA exporting jobs and importing goods, Lasher Tools warns

By: Schalk Burger     25th October 2019 Human capital is the cornerstone of any successful commercial venture and is the foundation of economies, but South Africa must insist on fairness and parity of imports to ensure that local businesses are not lost to cheaper and lower quality imports, says local tools maker Lasher Tools marketing... 

South African organisation helps to launch World Citrus Organisation

By: Marleny Arnoldi     24th October 2019 A first of its kind World Citrus Organisation (WCO) was launched, in Madrid, Spain, this week. The organisation places citrus fruit at the same level of coordination worldwide as other fruit categories with global platforms – such as pears and apples, kiwis, avocado or red fruit. 

DTIC, World Trade Organisation discuss AfCFTA opportunities, challenges 

By: Marleny Arnoldi     23rd October 2019 Phase 2 agreements under the African Continental Free Trade Agreement are expected to be finalised by January 2021, the Department of Trade, Industry and Competition says. The Phase 2 agreements will deal with investment, intellectual property and competition issues. 

DTIC, World Trade Organisation discuss AfCFTA opportunities, challenges
DTI's Xavier Carim and WTO ambassafor Dr Faizel Ismail discusses trade in Africa. Camerawork: Kutlwano Matlala; Editing: Nicholas Boyd.

CFTA should take lessons from failed agreements

18th October 2019 The architects of the proposed African Continental Free Trade Area (CFTA) should learn from the failed Free Trade Area of the Americas (FTAA), says Export Credit Insurance Corporation senior economist Tsidiso Disenyana. The FTAA, which had been in the process of being negotiated by 34 diverse... 

CFTA should take lessons from failed agreements
TRADERS WITHOUT BORDERS The African CFTA could lead to the biggest free trade zone on the planet

Counterfeiting remains a challenge in Africa

By: Darren Parker     18th October 2019 Counterfeiting remains a significant challenge for multinational brands aiming to legitimately penetrate the African market, but anti-counterfeit laws and measures are gaining traction in Africa. “A number of African countries do not have sufficient intellectual property protection; however,... 

Counterfeiting remains a challenge in Africa
MADE IN CHINA Most counterfeit goods sold in Africa are imported from China or other Eastern countries

Crowdfunding on the rise in Africa

By: Darren Parker     18th October 2019 Amid the prediction that about $300-billion will have been raised globally through online crowdfunding mechanisms by 2025, crowdfunding in South Africa is gaining traction as an increasingly viable option for raising capital. Other African countries are also not far behind in its adoption.... 

Crowdfunding on  the rise in Africa
LEANA DE BEER Online crowdfunding may be a twenty-first century concept, but it finds its roots in traditions that go back centuries

Obstacles mar property investment opportunities

By: Darren Parker     18th October 2019 The level of corruption is one of several factors foreign investors consider in deciding which African countries to develop, says financial services company Nedbank Corporate Investment Banking Africa property finance divisional executive Gerhard Zeelie. “African governments need to take stock of... 

Obstacles mar property investment opportunities
GERHARD ZEELIE Investors should opt for a mediocre opportunity in a corruption-free region, rather than a great opportunity in a heavily corrupt region
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