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Trade News

Local procurement lags in public, private sectors

By: Mamaili Mamaila     15th May 2020 A prevailing issue facing the valves sector is the “poor attitude” to local procurement in the public and private sectors, says valves manufacturer RGR Technologies commercial director Ross Hunter. 

Valves maintenance still a challenge

By: Mamaili Mamaila     15th May 2020 Although demand for valves has increased over the past five years, maintenance costs, efficiency and valve service life are some of the challenges that companies face yearly, says coating technology specialist Thermaspray’s laser cladding manager Jordaan Lourens. 

Valves maintenance  still a challenge
IRREPLACEABLE SOLUTIONS The initial coating of new valves as well as their efficient repair results in fewer valve replacements

Proudly SA extends Covid-19 portal to include sanitisers, detergents and disinfectants

By: Tasneem Bulbulia     14th May 2020 Following the success of its online portal dedicated to matching supply and demand of locally manufactured fabric face masks, national campaign Proudly SA has extended the portal to include local producers of hand sanitiser, surface disinfectants and detergents. As South Africans gradually return... 

Lockdown hampers business and trade activity for April – Sacci

By: Tasneem Bulbulia     14th May 2020 The South African Chamber of Commerce and Industry (Sacci) notes that trade conditions were badly affected in April as a result of the lockdown measures implemented to halt the spread of Covid-19. It notes that this called for extraordinary efforts by businesses to keep afloat. 

Commission refers face mask pricing cases to Tribunal for prosecution

By: Donna Slater     13th May 2020 The Competition Commission has referred cases against two major protective face mask suppliers to the Competition Tribunal for prosecution.   Sicuro Safety and Hennox Supplies are said to have allegedly charged excessive prices for face masks, with the commission saying prices had increased... 

Samed urges vigilance in acquiring quality PPE

By: Donna Slater     11th May 2020 The outbreak of Covid-19 in South Africa and the consequent rapid requirement for bulk personal protective equipment (PPE) supply, has led to an influx of PPE products from many suppliers and distributors, thereby raising quality and functionality concerns by the healthcare industry and, in... 

Commission warns retailers they'll have to substantiate reasons for cost increases 

By: Simone Liedtke     8th May 2020 Firms and retailers that are found to increase prices during the Covid-19 pandemic will need to substantiate why this is the case when approached by the Competition Commission, according to the commission’s chief economist James Hodge. While various factors are taken into account – such as... 

Commission warns retailers they'll have to substantiate reasons for cost increases
The Competition Commission’s James Hodge gives insight into how the organisation approaches the price regulation and excessive pricing situation in South Africa in its time of crisis. Video & Editing: Creamer Media’s Darlene Creamer.

Small business survey points to major relief only being likely at lockdown Level 2 or 1 

By: Donna Slater     6th May 2020 Findings from the Covid-19 National Small Business Survey, which was conducted after the Level 5 lockdown was eased to Level 4, point to continued stress experienced by small businesses coming out of Level 5 of the lockdown. The survey, which was released by the National Small Business Chamber... 

South Africa records stellar wine season – report

By: Tasneem Bulbulia     5th May 2020 South Africa’s 2020 wine grape crop will bring “exceptional” wines to consumers, following favourable conditions throughout the season, the South African wine industry’s yearly 'Wine Harvest Report 2020' shows. “Although it’s always important to take our diversity over ten wine grape growing... 

Tribunal dismisses price fixing, tender collusion case against Bloemfontein companies

By: Tasneem Bulbulia     4th May 2020 The Competition Tribunal has dismissed a case of alleged price fixing and collusive tendering against five Bloemfontein-based companies accused of colluding on a Free State Treasury tender to supply and deliver office stationery to provincial government departments in 2014. Catha Silkscreen... 

Famous Brands opens domestic delivery-only food services as lockdown restrictions ease

By: Donna Slater     4th May 2020 Branded food services franchisor Famous Brands has reopened a limited number of restaurants for delivery-only services across a broad geographical spectrum in South Africa in a phased programme, with effect from May 1. In terms of the Famous Brands international jurisdiction and in compliance... 

Tribunal approves consent agreement with fresh produce supplier

By: Tasneem Bulbulia     4th May 2020 A supplier of fresh produce in Kempton Park, Gauteng, has agreed to donate hand sanitisers to the Tembisa Provincial Hospital, after having been accused by the Competition Commission of charging excessive prices for hand sanitisers. In a consent agreement entered into with the commission,... 

African free trade deal launch unlikely this year - AfCFTA Sec Gen

By: Reuters     4th May 2020 A blockbuster African trade deal is unlikely to be implemented before early next year, an official said on Friday, after the disruption caused by the new coronavirus made the current July 1 deadline unworkable. Wamkele Mene, Secretary-General of the African Continental Free Trade Area, told... 

Incentives needed to aid local energy tech

By: Mamaili Mamaila     1st May 2020 While there is an increased focus on local content across several South African industries, government could do more in terms of incentivising local manufacturing, says energy solutions company i-G3n co-founder and director Sydney Phakathi. 

Incentives needed  to aid local energy tech
NO FUSS WHATSOEVER i-G3n offers standard solutions that it can also tailor to suit the specific needs of every client

1.6m jobs set to be lost this year, Nedbank forecasts

By: Tasneem Bulbulia     30th April 2020 The Nedbank Group Economic Unit’s latest forecasts show that about 1.6-million jobs will be shed in the country this year. This compares with about 900 000 jobs that were lost after the global financial recession in 2008/9, it notes. 

Lockdown prohibitions unintentionally boosting criminal syndicates

By: Tasneem Bulbulia     30th April 2020 The bans on cigarette and alcohol sales have dramatically boosted the fortunes of criminal syndicates and even seen gangs expanding their activities into these markets as their regular criminal activities have been disrupted by the lockdown, Business Against Crime South Africa (Bacsa) has... 

AfDB hosts successful online business opportunity seminar

By: Marleny Arnoldi     30th April 2020 The African Development Bank (AfDB) on April 28 hosted the first of its two business opportunity seminars for the year. The seminar provided information to potential partners and contractors on the bank’s strategic priorities and procurement procedures.  

Productivity SA proposes economic recovery plan

By: Donna Slater     29th April 2020 Employment growth and productivity promotion agency Productivity SA has drawn up a document to potentially address economic shortcomings brought about by the spread of Covid-19 and economic disruptions resulting from the national lockdown. Productivity SA chairperson Professor Mthunzi Mdwaba... 

Retail industry lease engagement period extended by three months

By: Donna Slater     29th April 2020 As Covid-19 continues to slow the economy, with factories and retailers shut, the Grocery Retail Market Inquiry (GRMI) and the Department of Trade, Industry and Competition (DTIC) have agreed to extend the period for lease engagement and agreement-reaching thereof, in respect of all GRMI’s... 

WEF launches blockchain supply chain toolkit

By: Schalk Burger     29th April 2020 The World Economic Forum (WEF) has launched a comprehensive toolkit to accelerate the use of responsible blockchain by leaders to tackle supply chain failures exposed by the Covid-19 pandemic. Resilience of supply chains depends on transparency and integrity, which can be improved through the... 

Unctad calls for policies to ease trade, transport restrictions

By: Marleny Arnoldi     29th April 2020 Intergovernmental entity, the United Nations Conference on Trade and Development (Unctad), has published a ten-point action plan to ease trade and transport constraints amid the Covid-19 pandemic and its aftermath. Unctad wants to help enable the free flow of goods, food and essential supplies.  

Global e-commerce trade up 8% in 2018

By: Simone Liedtke     28th April 2020 E-commerce sales reached $25.6-trillion globally in 2018, up 8% from 2017, according to the most recent available estimates released on April 28 by the United Nations' trade and development body, the United Nations Conference on Trade and Development (Unctad), at the start of its eWeek event. The... 

BLSA suggests rethink of how to ease business into staged lockdown

By: Donna Slater     28th April 2020 Getting some previously shut sectors back into safe production is key to getting the economy moving again, as has been done with the phased easing of the lockdown, suggests business promotion agency Business Leadership South Africa (BLSA) CEO Busi Mavuso. However, she fears that it will prove... 

BLSA suggests rethink of how to ease business into staged lockdown
Photo by Creamer Media's Donna Slater
Busi Mavuso

Hudaco lists on A2X

By: Marleny Arnoldi     28th April 2020 JSE-listed engineering consumables supplier Hudaco has been approved for a secondary listing on A2X Markets and will start trading on May 5. A2X CEO Kevin Brady says Hudaco is a company with a remarkable 125-year history. “Such longevity is not easily achieved and its listing on A2X is... 

Manufacturing Circle extends application deadline for sector-wide Covid-19 campaign

By: Simone Liedtke     24th April 2020 The deadline for responses to the Manufacturing Circle’s sector-wide Covid-19 Protocols Readiness Assessment has been extended to April 26, at 10:00. The campaign was launched to solicit commitment and compliance in access control to operations, screening and temperature testing, as well as... 

Mandela Mining Precinct can play key role in navigating industry through Covid-19 crisis

By: Nadine James     24th April 2020 Times of crisis and chaos necessitate introspection, creativity and adaptation, and while the Covid-19 pandemic is a challenge that is unprecedented in recent human memory, it highlights how essential continual research, innovation and planning are for the sustainability of society. Challenging... 

Mandela Mining Precinct can play key role  in navigating industry through Covid-19 crisis

AfDB’s Adesina urges African cooperation to fight Covid-19

By: Donna Slater     22nd April 2020 An accelerated global health and economic effort is needed to overcome the Covid-19 pandemic in Africa, African Development Bank (AfDB) president Akinwumi Adesina said in a webinar this week. While Covid-19 infection rates are relatively low compared with the rest of the world, there is a... 

Conference aims to examine potential within Brics group for South African manufacturers

By: Rebecca Campbell     21st April 2020 The inaugural Brics Manufacturing Conference is scheduled is scheduled to take place in Johannesburg on May 21. Brics is the acronym for the Brazil Russia India China South Africa alignment, the political aspects of which are complemented by the Brics Business Council. And under the Business... 

East London port continues to facilitate movement of critical cargo

By: Simone Liedtke     20th April 2020 The Port of East London continues to facilitate the movement of critical cargo, related to the supply and distribution of essential goods (such as food, fuel and chemicals), during the Covid-19 pandemic and consequent lockdown in South Africa. Transnet National Ports Authority (TNPA) East London... 

East London port continues to facilitate movement of critical cargo
HSL Parity in foreground with wheat vessel Jorita

NCC files matter with National Consumer Tribunal

By: Tasneem Bulbulia     17th April 2020 The National Consumer Commission (NCC) has filed a matter against a company with the Consumer Tribunal (NCT) for prosecution. The NCC had received complaints of alleged unfair, unreasonable, unjust or unconscionable price increase against the company, whose name has not been revealed, on March 26... 

Franchise sector appeals to government for urgent intervention

By: Tasneem Bulbulia     17th April 2020 Since the implementation of the Covid-19 emergency measures, about 94% of the franchise industry in South Africa has not been trading, with the exception of mostly food retailers. This has had a devastating impact on the industry, industry body the Franchise Association of South Africa (Fasa) says. 

Online portal to boost access to essential medical Covid-19 supplies

By: Donna Slater     17th April 2020 As part of the Business South Africa (BSA) initiative, and with technical assistance from Tencent South Africa, the South African Medical Technology Industry Association (Samed) has created a live online portal for its member companies to upload details of the Covid-19 supplies and equipment they... 

Impact of SA’s Covid-19 shutdown on platinum uncertain as supply slumps with demand

By: Natasha Odendaal     17th April 2020 South Africa’s platinum mines have been idled for the past three weeks as the country rides out a national lockdown to curb an anticipated surge in Covid-19 cases across the country. However, while mining majors have indicated confidence that they will be in a position to recover, they will... 

Impact of SA’s Covid-19 shutdown on platinum uncertain as supply slumps with demand

Covid-19, economic climate lead to unpromising trade conditions – Sacci

By: Tasneem Bulbulia     15th April 2020 The Covid-19 pandemic and recessionary economic conditions have negatively impacted on the business climate and resulted in further trade condition uncertainty, the South African Chamber of Commerce and Industry (Sacci) says. Moreover, the organisation indicates that the State of Disaster... 

Bidcorp says Covid-19 impact only evident from April onwards

By: Simone Liedtke     14th April 2020 JSE-listed Bid Corporation (Bidcorp) successfully exited its UK logistics activities – Bestfood Contract Distribution and PCL – at the beginning of March, as expected. In a market update on April 14, Bidcorp said trading for the nine months to March 31, on a like-for-like basis, had held up... 

Skills vital to develop local suppliers for automotive industry

By: Schalk Burger     10th April 2020 Skills are a critical requirement to sustainably allow for the establishment and development of local black suppliers to the automotive industry. Most of the suitable entrepreneur candidates to establish and run local component manufacturing and supply operations will come from the automotive... 

Skills vital to develop local suppliers for automotive industry
INDUSTRIAL SKILLS Economically feasibility will determine which components can be produced locally and the pace of deeper localisation

Policies can assist OEMs with Africa’s automotive market

By: Khutso Maphatsoe     10th April 2020 Africa needs to have policies and incentives in place to help original-equipment manufacturers (OEMs), such as German automotive manufacturer Volkswagen (VW), gain access to the automotive market in Africa, says Deloitte Africa automotive industry leader Martyn Davies. Polices include the... 

Policies can assist OEMs with Africa’s automotive market
WINNING FORMULA With South Africa’s automotive market being well established, foreign OEMs have chosen to increase their manufacturing capacity in the country
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