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Trade News

Davies to lead South African delegation at Agoa Forum

By: Marleny Arnoldi     9th July 2018 Trade and Industry Minister Dr Rob Davies will lead the South African delegation at the seventeenth African Growth and Opportunity Act (Agoa) Forum, to be held in the US, from July 11 to 12.  

Agni Steel South Africa’s expansion approved

By: Nadine James     6th July 2018 The Eastern Cape Department of Economic Development, Environmental Affairs and Tourism has authorised the phase 2 and 3 expansion of steel recycling and processing company Agni Steel South Africa. Agni Steel’s plant is located in Zone 6 of the Coega Special Economic Zone. 

South African CEOs’ optimism waning – index

By: Nadine James     6th July 2018 The Merchantec CEO Confidence Index (MCCI), compiled by corporate finance and research and business advisory company Merchantec Capital, recorded a 20.9% decrease in CEOs’ confidence between the first and second quarters of this year –  a downward spike following the increase in optimism between... 

26.8% of all cigarettes in South Africa sold under taxable minimum, study finds 

By: Simone Liedtke     5th July 2018 According to a study by independent market researcher Ipsos, 26.8% of all cigarettes in South Africa are sold under the R17.85 minimum, which is payable at excise duty and value-added tax (VAT). It is the responsibility of cigarette manufacturers, the company that owns the trademarks, to pay the... 

26.8% of all cigarettes in South Africa sold under taxable minimum, study finds

Ramaphosa concludes Mauritania visit, returns home

By: African News Agency      3rd July 2018 President Cyril Ramaphosa has returned home after a working visit to Nouakchott, in Mauritania where he participated and led the South African delegation at the 31st Ordinary Session of the African Union (AU) Assembly of Heads of State and Government, the Presidency said on Tuesday. The AU Summit... 

Ramaphosa concludes Mauritania visit, returns home
President Cyril Ramaphosa

Ramaphosa tells AU summit 'money lost to corruption could finance improved lives'

By: African News Agency      2nd July 2018 The African Union (AU) Summit currently underway in the Mauritanian capital Nouakchott is focusing on four broad thematic areas - the fight against corruption, institutional reform of the AU, consolidating the Africa Continental Free Trade Area, and Peace and Security as introduced by former... 

 Ramaphosa tells AU summit 'money lost to corruption could finance improved lives'
President Cyril Ramaphosa

South Africa signs free trade agreement with AU 

By: African News Agency      2nd July 2018 South Africa has signed the African Continental Free Trade Area agreement with the African Union. Trade and Industry Minister Rob Davies confirmed Sunday’s signing of the 250-pages document in a video put out by the department of Trade and Industry (dti) on Twitter. 

South Africa signs free trade agreement with AU
President Cyril Ramaphosa signs the African Continental Free Trade Area Agreement

Opportunity for smaller exporters amid global ecommerce trend

By: Schalk Burger     29th June 2018 The growth of e-commerce and changing retail industry trends provide entrepreneurs and small businesses with new opportunities to sell their products and services to international markets, says courier multinational FedEx Express Southern Africa operations VP Mike Higley. According to the PayPal... 

Entrepreneurial spirit, collaboration, education needed to advance Fourth Industrial Revolution – WEF chairperson  

By: Nadine James     28th June 2018 South Africa must create ecosystems that foster entrepreneurial activity and multistakeholder collaboration, while furthering innovation and education in the science, technology, engineering and mathematics (Stem) fields, if it is going to benefit from opportunities that result from the Fourth... 

Entrepreneurial spirit, collaboration, education needed to advance Fourth Industrial Revolution – WEF chairperson
Photo by Dylan Slater
World Economic Forum executive chairperson Professor Klaus Schwab

Long4Life acquires Rage in R3.92bn deal

By: Marleny Arnoldi     26th June 2018 Lifestyle brand holding company Long4Life has acquired fashion retailer Rage, and subsequently its more than 1.5-million active customers, for R3.92-billion in cash and shares.  

Afreximbank signs $1bn programme to promote South Africa-Africa trade

By: African News Agency      26th June 2018 The African Export-Import Bank (Afreximbank) and the Export Credit Insurance Corporation of South Africa (ECIC) on Monday, signed a memorandum of understanding for a $1-billion financing programme to promote and expand trade and investments between South Africa and the rest of Africa. Under the... 

South African e-commerce start-up launches first product into the UK, Europe

By: Marleny Arnoldi     25th June 2018 Cape Town-based e-commerce start-up business Digital Online Retail Products (Dorp) has launched its first product – Veldskoen – in the UK and Europe, after lifestyle assets corporation Long4Life acquired 49% of the company in April.  

SAGCC, partners aim to digitalise industries

By: Melissa Zisengwe     22nd June 2018 The Southern African-German Chamber of Commerce and Industry (SAGCC) and its partners are looking into automating and digitalising South African supply chain industries. According to the SAGCC, there is a substantial shift towards automation and digitalisation in organisations in Germany and in... 

SAGCC, partners aim  to digitalise industries
Photo by Bloomberg
NEW STANDARD There is a shift towards automation and digitalisation of supply chains

Delegation seeks partnerships with food and beverage industry

By: Melissa Zisengwe     22nd June 2018 Last month, the German VDMA Food Processing and Packaging Machinery Association held a symposium in Johannesburg, South Africa, for a delegation of 13 high-profile and diversified member companies to present their products and services to the South African food processing and packaging industry.... 

Delegation seeks partnerships with food and beverage industry
Photo by Bloomberg
MARKET POTENTIAL The German VDMA Food Processing and Packaging Machinery Association says there is a demand for food technology in South Africa

Strong attendance growth at Fastener Fair Turkey 2018

22nd June 2018 Exhibitors at the fourth edition of the Fastener Fair Turkey 2018 welcomed high calibre Turkish and international visitors for three days, with a total of 2 900 managers, engineers and buyers visiting the event. This represents an impressive 70% growth, compared with the 2016 show. 

Imperial board to proceed with Motus unbundling, separate listing

By: Nadine James     21st June 2018 Imperial Holdings’ board has resolved to proceed with the unbundling of its Motus automotive business, it announced on Thursday. The JSE-listed company has previously indicated its plans to restructure its operations into two large independent and self-sufficient businesses – one holding the... 

Imperial board to proceed with Motus unbundling, separate listing
Imperial CEO Osman Arbee

NGOs rate South Africa’s transition to a green economy at five out of ten

By: Nadine James     21st June 2018 Nongovernmental organisations (NGOs) on Thursday released the findings of new research, which describes South Africa’s transition to a low-carbon, sustainable and inclusive future as “stuck in first gear”, with ambitious policies but slow implementation. The ‘South Africa Green Economy... 

Globeleq-led consortium partners with EDM to progress Moz gas-fired power project

By: Nadine James     21st June 2018 Lead partner in the Temane Energy Consortium (TEC), Globeleq, has signed a joint development agreement with Electricidade de Moçambique (EDM) to progress the 400 MW Temane gas-fired power project, located in Mozambique’s Inhambane province. The agreement, which was signed at the African Energy... 

‘Prudent’ consolidation positions Accelerate for future growth – COO

By: Nadine James     20th June 2018 JSE-listed Accelerate Property Fund on Wednesday posted stable financial results for the year ended March 31, reporting a 57.56c a share distribution, in line with guidance. Since listing on the JSE in December 2013, the company’s portfolio has grown from about R5-billion to R12.3-billion,... 

Sephaku warns of lower FY earnings

By: Nadine James     20th June 2018 Sephaku Holdings on Wednesday advised shareholders that the company earnings for the 2018 financial year, ended March 31, are expected to be between 32% and 40% lower than the R68-million reported for 2017 financial year. Sephaku attributed the decrease in earnings to poor performances from its... 

Emission abatement technology could drive industrialisation – EPCM Global

By: Nadine James     20th June 2018 South African firm EPCM Global Engineering has partnered with Luxembourg-based Carbon Process & Plant Engineering (CPPE) to bring its emissions abatement technology to Africa, in a move that could spur industrialisation, says EPCM Global CEO Tumi Kgomo. He explains that the technology, which was... 

Selloff in iron-ore to rubber in China as US trade war widens

By: Reuters     19th June 2018 Prices of commodities from iron ore to rubber tumbled in China on Tuesday, with investor sentiment shaken by an intensifying trade war between Beijing and Washington that could hurt the world's No. 2 economy. The selloff also hit steel, copper, cotton and palm oil, as Chinese investors returned... 

China–Africa Industrial Cooperation 

15th June 2018 Creamer Media's Chanel de Bruyn speaks to Engineering News Senior Deputy Editor Rebecca Campbell about the recent China-Africa Industrial Cooperation conference and how China expects to help Africa in its industrialisation efforts. 

China–Africa Industrial Cooperation
China–Africa Industrial Cooperation

Improved quality and productivity reduce production costs

15th June 2018 As the leading supplier of gases and welding equipment and machinery in sub-Saharan Africa, industrial gases company Afrox continues to provide innovative welding solutions to the Southern African market by introducing new products and technology. The latest of these is welding equipment... 

Improved quality and  productivity reduce  production costs
MULTIPURPOSE PIPE WELDING SOLUTION Miller Electric’s PipeWorx process improves quality and productivity

Averda launches hazardous waste management system

By: Nadine James     15th June 2018 Healthcare institutions have a legal duty to ensure that their hazardous waste is managed responsibly, and Averda has introduced the Averda TruTrak to demonstrate its commitment to the responsible management of hazardous waste products. Averda South Africa healthcare head Eugene Barnard explains... 

Averda launches hazardous waste management system
EUGENE BARNARD The Averda TruTrak system enables clients to access automated waste-tracking and record-keeping capabilities through an online client portal

Business trading conditions remain weak – index

By: Marleny Arnoldi     13th June 2018 Trade conditions for businesses remained weak in May, says the South African Chamber of Commerce and Industry (Sacci).  

Nissan announces Africa, Middle East and India expansion plans

By: Nadine James     13th June 2018 Nissan on Wednesday unveiled a major expansion strategy in the Africa, the Middle East and India region as part of the company’s six-year midterm plan. The automotive manufacturer aims to build on its strengths and “solid profit margins” in markets including South Africa, India, the United Arab... 

Growthpoint Healthcare launches with R2.4bn portfolio

By: Nadine James     13th June 2018 Growthpoint Properties has launched South Africa’s first unlisted healthcare real estate investment trust (Reit), Growthpoint Healthcare Property Holdings, which already holds five assets valued at R2.4-billion. The introduction of Growthpoint Healthcare has received strong market interest with... 

Growthpoint Healthcare launches with R2.4bn portfolio

South Africa’s ratification of TFTA to solidify regional integration – DTI

By: Marleny Arnoldi     13th June 2018 The ratification of the Tripartite Free Trade Area (TFTA) agreement by South Africa will send a strong signal of the country’s commitment to regional integration, Trade and Industry Africa multilateral economic relations chief director Wamkele Mene told members of the Portfolio Committee on Trade... 

CIPC launches Extensible Business Reporting Language to relieve regulatory burden

By: Marleny Arnoldi     13th June 2018 The ease of doing business and particularly reducing the regulatory burden for businesses received a boost with the launch of the Companies and Intellectual Property Commission’s (CIPC’s) Extensible Business Reporting Language (XBRL) this week.  

CIPC launches Extensible Business Reporting Language to relieve regulatory burden
Trade & Industry Minister Dr Rob Davies at the XBRL launch, JSE

WTO chief warns of global downturn if trade dispute escalates

By: Reuters     13th June 2018 If the trade conflict between the United States and other countries intensifies, it could negatively impact the global economy and there are indications this is already happening, the head of the World Trade Organization warned. Asked if there was a risk for the global economy, WTO... 

IMF's Lagarde says global economic outlook darkening by the day

By: Reuters     12th June 2018 International Monetary Fund (IMF) chief Christine Lagarde led an attack by global economic organisations on US President Donald Trump's "America First" trade policy on Monday, warning that clouds over the global economy "are getting darker by the day". Trump backed out of a joint communique... 

IMF's Lagarde says global economic outlook darkening by the day
Photo by Reuters
IMF MD Christine Lagarde

Germany sees no quick solution to trade row with US, open to talks

By: Reuters     11th June 2018 Germany sees no immediate solution to the trade dispute between the United States and other major economies but remains open to talks "among friends", Economy Minister Peter Altmaier said on Monday, seeking to head off a full-blown global trade war. US President Donald Trump backed out of a joint... 

Davies bemoans corruption’s undermining of industrial policy capability

By: Marleny Arnoldi     11th June 2018 Trade and Industry Minister Dr Rob Davies on Monday said corruption undermines industrial policy capabilities.  

Davies bemoans corruption’s undermining of industrial policy capability
Trade and Industry Minister Dr Rob Davies

China stresses importance to Africa of attracting foreign investment

By: Rebecca Campbell     8th June 2018 "Foreign investment can be a very practical, convenient and viable way for industrialisation," stressed Ambassador Zhou Yuxiao, Beijing's emissary to the Forum on China-Africa Cooperation (FOCAC), at the Africa Institute of South Africa-Human Sciences Research Council/Embassy of the People's... 

Energy discussion must be resolved soonest to spur economic transformation – Dr Yves Guenon

By: Nadine James     8th June 2018 Certainty, particularly around South Africa’s future baseload energy supply must be achieved in the Integrated Resource Plan (IRP), in order to ensure supply security, which will, in turn, stimulate investment and economic transformation, Izibani consultancy founder and French South African... 

Eskom’s application to have tariff decision set aside increases uncertainty – EIUG  

By: Nadine James     8th June 2018 The Energy Intensive User Group (EIUG) has expressed concern that power utility Eskom’s decision to approach the courts to have the National Energy Regulator of South Africa’s (Nersa’s) tariff determination for 2018/19 set aside will increase uncertainty regarding electricity prices. This will... 

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