https://www.engineeringnews.co.za
R/€ = 15.64 Change: 0.00
R/$ = 13.94 Change: 0.00
Au 1425.38 $/oz Change: -13.78
Pt 843.26 $/oz Change: -12.18
 

Trade News

China supports African industrialisation – Ambassador 

By: Rebecca Campbell     8th June 2018 Industrialisation is necessary for Africa to achieve sustainable development. "Only by realising sustainable development could Africa escape foreign interference." These points were made by Chinese Ambassador to South Africa Lin Songtian at the Africa Institute of South Africa-Human Sciences... 

Indaba will create intra-Africa trade opportunities

By: Jessica Oosthuizen     8th June 2018 With the 2018 Manufacturing Indaba’s focus being on the development of intra-Africa trade, event organiser Siyenza Management MD Liz Hart says the event will bring key stakeholders together to create opportunities for engagement and dialogue. She tells Engineering News that Africa has many of... 

Indaba will create intra-Africa trade opportunities
EXPANDING EXHIBITION Siyenza Management aims to expand the Manufacturing Indaba – the larger the event, the more companies to engage with and to explore added business opportunities

Uganda is reviving its civil aviation sector

By: Rebecca Campbell     8th June 2018 The East African country of Uganda is undertaking a major programme to upgrade and expand its civil aviation sector in all respects, including the recreation of a national airline. This was highlighted by Ugandan Minister of State for Transport Aggrey Henry Bagiire at the recent 27th African... 

Eskom must diversify its energy mix – MacColl  

By: Nadine James     7th June 2018 State-owned power utility Eskom should diversify its energy mix, Electric Power Research Institute senior regional manager Barry MacColl said during a panel discussion on South Africa’s energy policy, and specifically the Integrated Resource Plan (IRP). The panel, held on Thursday at the Mazars... 

Siemens CEO urges more countries to participate in China’s Belt and Road Initiative

By: Zandile Mavuso     7th June 2018 China’s Belt and Road Initiative (BRI) represents a “new world trade order”, says Siemens global president and CEO Joe Kaeser. In a keynote address at the first Belt and Road International Summit, in Beijing, China, this week, he urged more countries to get actively involved in the BRI. 

Solidarity launches four-pronged steel industry initiative amid global steel crisis

By: Schalk Burger     5th June 2018 Trade union Solidarity on Tuesday launched a four-pronged initiative to address and mitigate the impacts of the global steel crisis on local steel producers in an attempt to save jobs and local manufacturing capacity. Solidarity deputy general secretary for metals engineering Marius Croucamp... 

Solidarity launches four-pronged steel industry initiative amid global steel crisis
The old Evraz Highveld Steel and Vanadium plant in eMalahleni

The train has left the station for African countries which did not sign continental free-trade area agreement

By: African News Agency      1st June 2018 Negotiators of the African Continental Free-Trade Agreement (AfCFTA), the largest trade agreement in 40 years, have said that they will not halt the implementation of the trade deal because of those countries which did not sign the agreement in March. South Africa, Nigeria and nine other... 

US tariffs cause global trade uncertainty in steel sector

By: Erin Steenhoff-Snethlage     1st June 2018 The stainless steel sector is currently experiencing global trade uncertainty, owing to trade barriers being considered globally, as a result of the US duties on steel and aluminium, says Middleburg-based stainless steel producer Columbus Stainless CEO Lucien Matthews. The US duties include a 25%... 

US tariffs cause global trade uncertainty in steel sector
Photo by Dylan Slater
JUST COLLATERAL The South African stainless steel industry is collateral in the trade wars initiated by the US

Macron calls for complete overhaul of world trade rules, WTO reform

By: Reuters     30th May 2018 French President Emmanuel Macron urged the world's biggest economic powers to start talks to reform the World Trade Organization (WTO) to prevent current tensions from spiralling into trade wars. "This is about a complete update of global competition rules," Macron said in a speech on... 

Ascendis Health lists on A2X

By: Marleny Arnoldi     29th May 2018 Multinational health and care brands company Ascendis Health on Tuesday became the first healthcare company to list on A2X, with a market capitalisation of R5.4-billion.  

Ascendis Health lists on A2X
A2X CEO Kevin Brady

Germany's Merkel laments fraying of multilateral order 

By: Reuters     28th May 2018 Germany is worried by signs of weakening in the network of multilateral organisations and agreements designed to foster international cooperation, Chancellor Angela Merkel said on Monday. Merkel blamed the fraying of the multilateral order on a "double transition" - the gradual fading of the... 

SA trade delegation arrives in China for special economic zones investment roadshow

By: African News Agency      28th May 2018 A South African delegation comprising of government officials from the trade and industry department (dti) and representatives of the special economic zones (SEZs) has arrived in China for the SEZs investment roadshow from May 28 to 30, the dti said on Sunday. The roadshow, which is aimed at... 

 SA trade delegation arrives in China for special economic zones investment roadshow
Deputy dti Minister Bulelani Magwanishe

Japan, Russia, Turkey bring potential US tariff retaliation to $3.5bn

By: Reuters     22nd May 2018 Japan, Russia and Turkey have warned the United States about potential retaliation for its tariffs on steel and aluminium, the World Trade Organization said on Tuesday, bringing the total US tariff bill to around $3.5-billion annually. The three countries detailed their compensation claims in... 

UK airline to launch direct Durban–London air link

By: Rebecca Campbell     18th May 2018 The Dube TradePort Special Economic Zone has announced that the UK’s flag carrier airline, British Airways (BA), is to introduce a direct route between London’s Heathrow Airport and Durban’s King Shaka International Airport. The new service will commence on October 29. (King Shaka is located... 

R3bn Rosslyn Hub to create 160 000 jobs

By: Nadine James     16th May 2018 The R3-billion mixed-use Rosslyn Hub development was launched at the African Smart Cities Summit, co-located with the African Construction and Totally Concrete Expo, at the Gallagher Convention Centre, in Johannesburg, on Wednesday. The Rosslyn Hub is a crucial step towards the creation of the... 

Trade activity weakens in April, businesses under pressure – Sacci

By: Marleny Arnoldi     16th May 2018 Trade conditions weakened in April, with the South African Chamber of Commerce and Industry (Sacci) Trade Conditions Survey’s Trade Activity Index (TAI) measuring 39, down from 43 in March.  

South Africa views African integration as potential trade-war bulwark

By: Terence Creamer     15th May 2018 Trade and Industry Minister Dr Rob Davies reports that South Africa will be prioritising an acceleration of market integration across Africa as part of efforts to mitigate the risks associated with the prospect of trade wars, as well as what he describes as a growing disregard for the... 

South Africa views African integration as potential trade-war bulwark

Some inroads made after ten years of the Industrial Policy Action Plan - Davies

By: Kim Cloete     15th May 2018 Ramping up production in the automotive sector, resuscitating the ailing tooling industry and boosting the clothing, textiles, leather and footwear industries are among successes the government has listed in its review of ten years of the Industrial Policy Action Plan (Ipap). Despite a... 

Some inroads made after ten years of the Industrial Policy Action Plan - Davies

Ministers from SA and India stress bilateral opportunities at business summit

By: Rebecca Campbell     11th May 2018 India has progressed from having almost no trade with South Africa in 1994 to today being the country's sixth to eight largest trading partner, South African Trade and Industry Minister Dr Rob Davies has highlighted. He was addressing the recent India-South African Business Summit in Sandton,... 

Libstar lists on JSE

By: Marleny Arnoldi     9th May 2018 Consumer packaged goods producer and supplier Libstar on Wednesday started trading on the main board of the JSE, in the food products sector.  

Libstar lists on JSE
Libstar FD Robin Smith, JSE capital markets director Donna Nemer and Libstar CEO Andries van Rensburg

Direct Durban-London air link to be launched by UK carrier

By: Rebecca Campbell     8th May 2018 The Dube TradePort Special Economic Zone announced on Tuesday that the UK’s flag carrier airline, British Airways (BA), is to introduce a direct route between London’s Heathrow Airport and Durban’s King Shaka International Airport. The new service will commence on October 29. (King Shaka is... 

Direct Durban-London air link to be launched by UK carrier
Photo by Dube TradePort
An aerial view of King Shaka International Airport

Tariff war could derail global recovery – ECB

By: Reuters     7th May 2018 Protective tariffs imposed by the US in recent months have only had a minor impact on the world economy but a significant escalation in tensions could derail the recovery in global trade, the European Central Bank (ECB) said on Monday. Retaliation and a full fledged trade war could increase... 

UK, SA leaders hold bilateral trade talks in London

By: Rebecca Campbell     4th May 2018 South African Trade and Industry Minister Dr Rob Davies met with his British counterpart, International Trade Secretary Dr Liam Fox, on the margins of the recent Commonwealth Heads of Government Meeting in London, to discuss the bilateral trade relationship. They both expressed pleasure at the... 

Trade shows, expos significant to investment into Africa

By: Zandile Mavuso     4th May 2018 In its fifty-second year of serving the automotive industry in Portugal and internationally, Portuguese automotive suppliers association Afia believes that being involved in trade shows, conferences and expos plays a significant role in creating relationships with countries such as South Africa. 

Japan says economic integration will boost Africa’s investment prospects

By: Terence Creamer     3rd May 2018 The Japanese government has confirmed its support for renewed efforts across Africa towards greater economic integration, which Economy, Trade and Industry Minister Hiroshige Seko says will increase the continent’s “market value” and improve prospects for investment by Japanese companies.... 

Japan says economic integration will boost Africa’s investment prospects
Japan's Economy, Trade and Industry Minister Hiroshige Seko

South Africa views itself as ‘collateral damage’ in global trade war

By: Terence Creamer     2nd May 2018 Department of Trade and Industry (DTI) believes South Africa has become “collateral damage in the trade war of key global economies” after the country was excluded from a list of countries exempted from tariffs imposed by the US on steel and aluminium imports. While insisting that the country... 

South Africa views itself as ‘collateral damage’ in global trade war
US President Donald Trump

Kubayi-Ngubane to unveil Mandela Mining Precinct

By: Nadine James     30th April 2018 Science and Technology Minster Mmamoloko Kubayi-Ngubane will deliver the keynote address at the launch of the Mandela Mining Precinct, a Mining Phakisa initiative aimed at reviving South Africa’s flagging mining sector, on May 4. The Mandela Mining Precinct is aimed at supporting local... 

Kubayi-Ngubane to unveil Mandela Mining Precinct
MMAMOLOKO KUBAYI-NGUBANE The minister will be joined by the Ministers of Mineral Resources, Trade and Industry and Planning, Monitoring and Evaluation

South African, Indian trade ministers stress bilateral opportunities at summit

By: Rebecca Campbell     30th April 2018 India has progressed from having almost no trade with South Africa in 1994 to today being the country's sixth to eight largest trading partner, highlighted South African Trade and Industry Minister Dr Rob Davies on Monday. He was addressing the India-South African Business Summit in Sandton,... 

South African, Indian trade ministers stress bilateral opportunities at summit

Exhibition tailored for the African market

By: Melissa Zisengwe     27th April 2018 The third edition of the bauma CONEXPO AFRICA, held from March 13 to 16, 2018 was a reflection of the African market and an opportunity to showcase products and new technology suited to different construction equipment segments for the African market, says Messe München MD Stefan Rummel. The... 

Exhibition tailored for the African market
THIRD EDITION 456 exhibitors and 14 167 visitors attended the international trade fair

Reformist SA, French Presidents increase mutual investment attraction

By: Rebecca Campbell     27th April 2018 French companies are confident in the South African market and in its future, French Embassy Economic Counsellor William Roos assured South African journalists at a recent briefing. He pointed out that some 400 French companies had already set up business in South Africa and others are interested... 

South Africa to host the Japan–Africa Public Private Economic Forum

By: Marleny Arnoldi     25th April 2018 South Africa will host the Japan–Africa Public Private Economic Forum at the Sandton Convention Centre from May 3 to 4.  

Trump: 'Very good chance' of a US-China trade deal

By: Reuters     25th April 2018 US President Donald Trump on Tuesday said the US would likely reach a trade agreement with China and that officials from both sides would sit down for negotiations in a few days. China has said it would welcome a visit by US Treasury Secretary Steven Mnuchin, who is seeking to resolve a tense... 

Aton’s wooing of M&R shareholders continues

By: Marleny Arnoldi     24th April 2018 As it continues to seek support from Murray & Roberts (M&R) shareholders for its R15 a share buyout offer, German investment company Aton on Tuesday released salient information related to its buyout offer to address “stakeholder concerns”.  

Commuter bus firm Hosken lists on the JSE

By: Nadine James     24th April 2018 Commuter transport company Hosken Passenger Logistics and Rail, which operates the Golden Arrow bus service, on Tuesday became the second company this year to list on the JSE’s main board.  Welcoming Hosken to the exchange, JSE primary markets head Prejelin Naggan said that the listing should... 

India would file dispute with WTO if US rejects exemption on tariffs – sources

By: Reuters     23rd April 2018 India would lodge a trade dispute against the United States at the World Trade Organisation (WTO) if Washington does not grant it exemptions from higher tariffs on steel and aluminium, three government officials involved in trade talks told Reuters. India recently requested exemptions, arguing... 

Call made for ‘broad coalition’ to reverse South Africa’s premature deindustrialisation 

By: Terence Creamer     20th April 2018 A new no-holds-barred study of South Africa’s economic transformation over the past two decades concludes that the country has not only deindustrialised prematurely, but has also failed to materially transform its economic structure to one that encourages inclusive growth and development. Titled... 

Call made for ‘broad coalition’ to reverse South Africa’s premature deindustrialisation

Sars introduces electronic reporting requirements for customs clients

By: African News Agency      20th April 2018 The South African Revenue Service (Sars) said on Friday it would at the weekend introduce a new electronic cargo reporting system to track the movement of cargo into and out of the country. Sars said the paperless system would bring an end to one of its last remaining paper-based processes and... 

Sars introduces electronic reporting requirements for customs clients

Latest News

more

Latest Videos

more

Company Announcements

more

Topics In These Articles

RSS Feed

About

Engineering News is a product of Creamer Media.
www.creamermedia.co.za

Other Creamer Media Products include:
Mining Weekly
Research Channel Africa
Polity

Read more

Subscriptions

We offer a variety of subscriptions to our Magazine, Website, PDF Reports and our photo library.

Subscriptions are available via the Creamer Media Store.

View store

Advertise

Advertising on Engineering News is an effective way to build and consolidate a company's profile among clients and prospective clients. Email advertising@creamermedia.co.za

View options
Subscribe Now for $119
Free daily email newsletter Register Now
Subscribe Now for $119 Close