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Trade News

Growth initiatives to continue in 2020 as new laws come into effect  

By: Simone Liedtke     9th January 2020 Initiatives to drive growth and stabilise the economy will continue to be a focus in the coming year, especially as efforts to root out corruption and State capture progress, law firm Webber Wentzel says. Robust corporate governance for listed companies will also remain a focus area for the JSE,... 

Global economic growth forecast at 2.5% in 2020 – World Bank

By: Simone Liedtke     8th January 2020 Global economic growth is forecast to edge up to 2.5% this year as investment and trade gradually recover from last year’s significant weakness but downward risks persist, the World Bank says in its January 2020 ‘Global Economic Prospects’ report, published on Wednesday. Growth among advanced... 

UK needs 'proper, long-lasting' Brexit trade deals – carmaker Rolls-Royce

By: Reuters     7th January 2020 Britain needs to strike "proper, long-lasting" post-Brexit trade deals with both the European Union (EU) and the rest of the world, the boss of carmaker Rolls-Royce told Reuters on Tuesday. Britain is due to leave the EU by the end of the month, guaranteeing a transition period until the end of... 

Special parking tariffs available to travellers at four South African airports

By: Simone Liedtke     13th December 2019 Parking tariffs for stays of seven days and longer at South Africa’s four largest airports have been slashed for the peak holiday season, from December 13 to January 13, 2020. The reduced tariffs will apply at OR Tambo International Airport, Cape Town International Airport, King Shaka... 

Election in UK brings some certainty, but Brexit deal remains concerning, says Parsons

By: Marleny Arnoldi     13th December 2019 North West University business school economist Professor Raymond Parsons says the now re-elected Conservative Party government in the UK provides a strong political mandate to pass the necessary legislation in time to leave the European Union (EU) formally on January 31. Britain will then move... 

Higher trade barriers hitting jobs and growth – WTO

By: Reuters     13th December 2019 More than 100 new trade restrictions imposed during the year to mid-October affected goods and services worth an estimated $747-billion, the highest level for a 12-month period since 2012, the World Trade Organisation (WTO) said on Thursday. New measures including tariffs, quantitative... 

Trade conditions to remain subdued for foreseeable term

By: Marleny Arnoldi     12th December 2019 The South African Chamber of Commerce and Industry (Sacci) says trade conditions remained in negative territory in November. The seasonally adjusted Trade Activity Index (TAI), as a measure of recent trade conditions, improved by one point to 43 in November.  

Transnet reiterates commitment to developing East London port

By: Simone Liedtke     9th December 2019 Transnet National Ports Authority (TNPA) has reiterated its commitment to developing the Port of East London in a bid to support economic growth in Buffalo City. The announcement was made during an address at the recent Buffalo City Investment Conference in East London, an initiative of the... 

Local sugar industry critical, master plan being developed

By: Tracy Hancock     6th December 2019 The local sugar industry is in decline and could be described as “being in the intensive care unit”, says South African Sugar Association (SASA) executive director Trix Trikam. Subsequently, SASA is discussing the development of a sugar industry master plan with government and downstream users... 

Local sugar industry critical, master plan being developed
SWEET ESCAPE To ensure sustainable development of the sugarcane sector, there needs to be diversification into sugar ethanol fuel and other cane-derived products

PwC warns third-quarter GDP data likely to be ‘disappointing’

By: Simone Liedtke     2nd December 2019 Of the 14 indicators in analyst firm PwC’s sectoral insights, published ahead of the release of gross domestic product (GDP) data on Tuesday, only wholesale trade and civil construction showed improvements in the third quarter. This, PwC said, “sends a clear warning” that GDP data for the third... 

South African trade surplus shrinks in October

By: Reuters     29th November 2019 South Africa's trade surplus narrowed to R3.09-billion in October from a revised R4.53-billion surplus in September, data from the revenue service showed on Friday. Exports were up 11.9% on a month-on-month basis to R123.4-billion while imports jumped 13.7% to R120.3-billion, the South African... 

Government sets ambitious growth targets for SA defence industry

By: Rebecca Campbell     29th November 2019 The South African Government has set growth targets it hopes that the local defence industry will achieve over the next few years, reported Secretary of Defence and Military Veterans Dr Sam Gulube. He was delivering the keynote address at the recent 2019 Aerospace, Maritime and Defence... 

Future structure of Denel starts to emerge as turnaround plan advances

By: Rebecca Campbell     29th November 2019 Denel Chief Financial Officer Carmen Le Grange has indicated the businesses that the State-owned defence group was exiting or was planning to exit, as part of its turnaround strategy. She did so in an address to the 2019 Aerospace, Maritime and Defence Conference in Pretoria.  

Partnerships help pull domestic cotton industry out of doldrums

By: Donna Slater     29th November 2019 The South African cotton industry was in decline, having reached crisis point in about 2013. On the verge of collapse, a chain of events from three seemingly unassuming roleplayers set off a chain reaction that resulted in explosive growth and substantial redevelopment for the sector into an... 

Partnerships help pull domestic cotton industry out of doldrums

South Africa’s auto sector most likely to attract more German investment  

By: Marleny Arnoldi     28th November 2019 Through the Southern African–German Chamber of Commerce and Industry, the German government on Thursday hosted a Baden-Württemberg Meets Gauteng business forum, to promote further trade and investment. Baden-Württemberg is the third-largest state in Germany and has as a gross domestic product... 

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

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... 

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... 

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
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