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Trade News

Lamergyre says steel alloy plant could create sustainable jobs

By: Simone Liedtke     26th August 2019 The promoters of a proposed stainless and alloy steels plant in the Eastern Cape believe that the greenfield development could support the creation of new jobs in the domestic mining and steel industries. Should it be developed in line with the current concept, Lamergyre Alloy’s vertically and... 

Bread industry campaign to increase S Africa’s fibre consumption

By: Tracy Hancock     23rd August 2019 Nonprofit industry association the South African Chamber of Baking is working on a joint campaign with the Consumer Goods Council of South Africa and the Department of Health (DoH) to encourage South Africans to consume more fibre as part of a healthy eating plan. South African Chamber of Baking... 

Bread industry campaign to increase S Africa’s  fibre consumption
WHITE OR BROWN? The chamber is working on a campaign to increase local consumption of brown and whole-wheat bread by South African consumers

Brexit concerning, but wine demand growing

By: Tracy Hancock     23rd August 2019 The consequences of Brexit remain a significant concern for South Africa’s wine producers, nonprofit industry organisation Wines of South Africa (WoSA) communications manager Maryna Calow tells Engineering News. This is owing to the uncertainty regarding future exports to the UK, which remains... 

Brexit concerning, but wine demand growing
PRICING PARITY South Africa’s wine industry needs to continue increasing the value of its wines to ensure the industry’s sustainability

African private businesses investing in digital tech to drive growth

By: Schalk Burger     22nd August 2019 African private businesses are optimistic about their prospects for growth over the next year and are investing in digital systems to support that growth, advisory and professional services multinational PwC Africa said on Tuesday. PwC’s inaugural ‘Africa Private Business Survey’, which surveyed... 

African private businesses investing in digital tech to drive growth
PwC Africa private business leader Gert Allen

South Africa does not need domestic EV market to produce EVs, says Patel 

By: Irma Venter     22nd August 2019 There is an opportunity to bring battery electric vehicle and plug-in hybrid electric vehicle production to South Africa, without first developing a domestic market and charging infrastructure for these vehicles, says Trade and Industry Minister Ebrahim Patel. Addressing the National Association... 

South Africa does not need domestic EV market to produce EVs, says Patel
Photo by Creamer Media's Dylan Slater
Trade and Industry Minister Ebrahim Patel

South African blueberry industry sets its sights on key export markets

By: Simone Liedtke     22nd August 2019 The South African Berry Producers Association (Sabpa) expects South Africa’s blueberry production to reach a record high of 17 000 t this year, up from the 11 300 t produced in 2018. It expects production to increase further to 50 000 t/y by 2023 and says this will help to grow employment in the... 

Govt, poultry industry collaborate to open up new export markets

By: Simone Liedtke     21st August 2019 The South African poultry industry and government have started working together to open up new export markets for the South African poultry industry. The Department of Trade, Industry and Competition (DTIC) on Wednesday said this collaboration was one of the key interventions that would be... 

South Africa’s wool industry has $325m question for China

By: , Bloomberg     21st August 2019 South Africa’s wool industry is on tenterhooks as exporters seek clarity on a Chinese ban on imports of the fiber following an outbreak of foot-and-mouth disease earlier this year in the world’s second-biggest producer. At issue is whether China has fully reversed rules governing shipments of... 

Patel establishes national committee on new African trade agreement

By: Simone Liedtke     19th August 2019 Trade and Industry Minister Ebrahim Patel has set up a national committee, comprising representatives from business, labour and government, to develop action plans around the new African Continental Free Trade Agreement (AfCFTA). The committee was set up at a strategic session between the... 

Zambia Minister urges South African businesses to invest in Copperbelt province

By: Simone Liedtke     16th August 2019 South African business representatives have been asked to invest more into the Copperbelt province of Zambia, with a greater focus on job creation, value addition and diversification. Zambian Copperbelt Province Minister Japhen Mwakalombe this week remarked during a South Africa-Zambia Business... 

Zambia Minister urges South African businesses to invest in Copperbelt province
Zambian Copperbelt province Minister Japhen Mwakalombe

Despite free trade area breakthrough, ‘United States of Africa’ still a pipe dream

By: African News Agency      16th August 2019 African leaders have finally launched a long-awaited free-trade agreement seven years after the concept was first agreed, but political integration as envisaged by the continent’s founding fathers decades ago still seems a pipe dream.  There has been a good deal of upbeat talk about how the free... 

Massmart’s new CEO to start on September 1

By: Tasneem Bulbulia     16th August 2019 Mitchell Slape’s appointment as CEO and executive director of retail giant Massmart has been confirmed for September 1, following the approval and grant of his intra-company transfer permit and visa to work in South Africa. As a result, Guy Hayward will step down and resign as CEO, executive... 

Steel crucial in Africa’s industrialisation aspirations

By: Mamaili Mamaila     16th August 2019 South Africa and Africa more broadly are attempting to develop their economies through industrialisation and steel forms the basic material of choice for this economic transformation, says the Steel Tube Export Association of South Africa (Steasa) executive director Keitumetse Moumakoe. 

Steel crucial in Africa’s industrialisation aspirations
GOOD INTENTIONS Steasa intends to foster closer collaborative agreements between the downstream steel tube and pipe industry and the primary industry

IDC’s role in helping SA economy grow 

15th August 2019 Creamer Media's Chanel de Bruyn speaks to Engineering News Editor Terence Creamer about Trade and Industry Minister Ebrahim Patel’s plans to have the Industrial Development Corporation make a bigger contribution to help the South African economy grow. 

IDC’s role in helping SA economy grow
IDC’s role in helping SA economy grow

SA businesses seek trade, investment opportunities in Zambia

By: African News Agency      13th August 2019 Twenty-eight South African business representatives are in Zambia to explore markets there and deepen bilateral trade relations, the department of economic development, trade and industry said on Tuesday. The tour week-long trade and investment mission to Zambia's capital Lusaka and Kitwe is... 

SA businesses seek trade, investment opportunities in Zambia

Africa wants one trade deal with the US, the US wants many 

By: , Bloomberg     6th August 2019 The US and Africa have different views on their future trade relationship when a preferential access deal expires in 2025. US Assistant Secretary of State for African Affairs Tibor Nagy said in an interview Sunday his country favours bilateral trade agreements with African nations. A day later,... 

Africa wants one trade deal with the US, the US wants many

The dollar, the euro, the yen – and now the West African eco

By: , Bloomberg     6th August 2019 Nigerian trade consultant Bamidele Ayemibo says it’s easier to sell his bean cake snacks to China than to neighboring Benin. Trading with any of the other members of the economic Community of West African States requires him to find expensive money changers to convert local currencies, adding to... 

Sub-Saharan Africa underutilising Agoa benefits – Patel

By: African News Agency      5th August 2019 Africa must take steps to increase utilisation of its benefits under the United States' African Growth and Opportunity Act as well as to deepen trade and investment relationships with the world's biggest economy, South Africa's economic development, Trade and Industry Minister Ebrahim Patel said... 

Harbours increase efficiency with handling equipment

2nd August 2019 Investment in the latest dry-bulk cargo and container handling equipment significantly improves efficiencies at ports and terminals and minimises the environmental impact of handling operations, says Durban harbour-based material handling specialists BLTWORLD. 

Harbours increase efficiency with handling equipment
SHIPLOADING A mobile shiploader, combined with the benefits of a receiving unit, offers a more viable alternative to fixed conveyor installations

Freight utility breaks record, tests 375-wagon manganese train

2nd August 2019 State-owned freight utility Transnet recently broke its own record by testing a 375-wagon manganese train representing the production train with the highest number of wagons globally. Transnet operates more than 30 000 km of rail network across the country and as reported last month holds the... 

Freight utility breaks record, tests 375-wagon manganese train
Photo by Creamer media
STEAMING AHEAD Transnet is steaming ahead with its vision of being one of the top five railway companies in the world

Last year was a record year for global air transport – Iata

By: Rebecca Campbell     1st August 2019 The International Air Transport Association (Iata) has reported that 2018 saw more passengers fly than ever before, record airline efficiency, record fuel efficiency and more city-pairs connected than previously. Additionally, the real cost of air transport last year was half of what it had cost... 

Last year was a record year for global air transport – Iata
Photo by Duane Daws/Creamer Media
An Airbus A350XWB wide-body airliner

South Africa's trade surplus widens in June

By: Reuters     31st July 2019 South Africa recorded a R4.42-billion trade surplus in June after a revised R1.70-billion surplus in May, data from the revenue service showed on Wednesday. Exports fell 3.2% on a month-on-month basis to R108.17-billion in June, while imports were down 5.8% to R103.75-billion, the South African... 

Africa must boost industrial capacity to benefit from free-trade zone – AfDB

By: Reuters     29th July 2019 African nations will need to boost output of goods and services and integrate payment systems if they are to take advantage of a new $3.4-trillion economic initiative, according to the head of the African Development Bank. A continental free-trade zone was launched this month in Niger which, if... 

Japan, UN agency and CSIR to jointly research plastic waste in South Africa 

By: Rebecca Campbell     26th July 2019 Japan and the United Nations Industrial Development Organisation signed an agreement at the Council for Scientific and Industrial Research in Pretoria on Friday, to cooperate to counter plastic pollution in South Africa. The CSIR will work jointly with UNIDO to implement the agreement.  

 Japan, UN agency and CSIR to jointly research plastic waste in South Africa
Photo by Creamer Media's Dylan Slater
Japanese Ambassador to South Africa Norio Maruyama

Local company to build autonomous EV assembly line

By: Tracy Hancock     26th July 2019 Port Elizabeth-based global technology company Jendamark will build one of the first autonomous electric vehicle (EV) assembly lines for a Silicon Valley startup, in California, in the US. The company is developing a mobile application to rival ride-hailing service Uber, but will offer a... 

Local company to build autonomous  EV assembly line
LEARNING CURVE There is a focus on reintroducing manual processes on assembly lines where automated process are no longer sensible

Adhesive in demand

By: Tracy Hancock     26th July 2019 The demand for adhesives manufacturer Pratley’s new flange sealant and gasket maker has been so positive that the company had to “dramatically revise” its stock levels since its launch in February this year, says national sales manager Mark Bell. Pratley’s Gasket Maker – described by the company... 

Adhesive in demand
SENSOR SAFE Pratley’s Gasket Maker is a room-temperature-vulcanising silicone that does not contain acetic acid, which attacks the brass and copper components in vehicle sensors

New-vehicle sales decline indicative of economic health 

By: Tracy Hancock     26th July 2019 Buying a new vehicle is the second-most important purchase for many South Africans; but new-vehicle sales have declined over the past five years and remain under pressure, says National Association of Automobile Manufacturers of South Africa (Naamsa) CEO Michael Mabasa. Continuing its downward... 

New-vehicle sales decline indicative of economic health
Photo by Dylan Slater
LOOKING POSITIVE South Africa’s vehicle manufacturing output is set to rebound in the second quarter this year partly owing to improved post-election stability following the elections

Poultry importers, producers in standoff over proposed import tariffs  

By: Simone Liedtke     25th July 2019 The standoff between South African poultry producers and importers, about proposed import tariff increases continues. A decision to implement tariff increases of up to 82% on chicken imported from non-European Union (EU) and non-Southern African Development Community (SADC) countries could result... 

Poultry importers, producers in standoff over proposed import tariffs
Photo by Creamer Media's Simone Liedtke
AMIE CEO Paul Matthew

Economic development, trade department must lead initiatives – parliament committee

By: African News Agency      24th July 2019 The department of economic development, trade and industry should be at the forefront of South Africa’s economic growth initiatives and encourage investment in sectors most likely to attract foreign investment, a parliament committee said on Wednesday. The committee said the department had... 

Economic development, trade department must lead initiatives – parliament committee

South African, Indian defence industries agree on areas of collaboration

By: Rebecca Campbell     19th July 2019 The South African Aerospace Maritime and Defence Export Council (Saamdec) announced on Thursday that it had made a breakthrough in developing collaboration with the Indian defence industry. The breakthrough took the form of identifying the main areas in which Saamdec member companies will be able... 

Industry 4.0 the main focus at KITE

By: Khutso Maphatsoe     19th July 2019 The KwaZulu-Natal Industrial Technology Exhibition (KITE) – which will be held at the Durban Exhibition Centre on July 24 to 26, 2019 – continues to adopt an increased focus on Industry 4.0, particularly its impact on the market and manufacturing, says organiser Specialised Exhibitions Montgomery... 

Industry 4.0 the main focus at KITE
INFORMATION OVERLOAD The SAIMechE Seminar Theatre will have speaking slots during which various Industry 4.0 topics will be discussed

Logistics company invests in facilities

By: Khutso Maphatsoe     19th July 2019 Logistics company Bidvest Panalpina Logistics (BPL) has implemented several large-scale infrastructure development plans at its KwaZulu-Natal-based operations. This includes building a new state-of-the-art chemicals and general cargo warehouse in Mobeni, Durban, and taking over premises in... 

Logistics company invests in facilities
MARIA DU PREEZ The Project Thrill programme aims to review and enhance operational and financial processes, retrain staff and establish new key performance indicators

Sector still affected by economic downturn

By: Mamaili Mamaila     19th July 2019 Owing to the global economic crisis which started in late 2008, a structural break occurred in the metals and engineering (M&E) sector, which had hitherto recorded the highest production figure of almost 120 index points, says the Steel and Engineering Industries of Southern Africa (Seifsa) chief... 

Sector still affected by economic downturn
DR MICHAEL ADE The M&E sector has been very resilient, registering a slight quarterly annual increase in its share of the country’s gross domestic product

China, South Africa discuss trade relations at forum

By: Marleny Arnoldi     18th July 2019 In working towards shared development goals, South Africa and China hosted a business forum, in Midrand, on Thursday, highlighting how far trade between the two countries has come and what opportunities lie ahead. China became South Africa’s largest trading partner in 2009, when South Africa... 

China, South Africa discuss trade relations at forum

CIPC to implement key iXBRL Phase 2 changes by Oct 1

By: Nadine James     17th July 2019 It has been about a year since the Companies and Intellectual Property Commission (CIPC) rolled out an automated mechanism to regulate financial reporting disclosures and compliance, becoming the first regulator to do a full-scale implementation of inLine eXtensible Business Reporting Language... 

AfDB debars construction company for fraudulent practices

By: Nadine James     16th July 2019 The African Development Bank (AfDB) on Tuesday announced the debarment of Nigeria-based construction company Lutoyilex Construct and its MD Bamidele Obiniyi – also known as Bamidele Abayomi – for a period of 36 months. An investigation by the bank’s Office of Integrity and Anti-Corruption found... 

BBC welcomes financial support for Black Industrialists Programme 

By: Nadine James     16th July 2019 The Black Business Council (BBC) has welcomed the announcement that R40-billion in financial support will be made available for the Black Industrialists Programme over five years. “To enhance the growth of black industrialists, we will combine the efforts of the Department of Trade, Industry and... 

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