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Glencore cuts out agents and dealmakers as scrutiny grows 

By: Bloomberg     25th June 2019 Glencore is cutting out many of its intermediaries – the agents and dealmakers once essential to cracking the toughest markets – amid growing scrutiny of its operations around the world. Under pressure from its compliance division, Glencore is dismantling much of its global network of trading... 

Standard Bank launches Africa China Agent Proposition in South Africa

By: Tasneem Bulbulia     21st June 2019 Standard Bank on Friday launched its Africa China Agent Proposition (ACAP), which connects African importers and Chinese exporters and facilitates trade financing and payments and collections that support Africa–China trade flow, in South Africa.     

What are Bafana’s chances at Afcon?

By: Martin Zhuwakinyu     21st June 2019 Apologies to readers of this column who cannot tell FIFA from UEFA or CAF: this week I focus on football, which the Brazilian legend known to much of the world simply as Pele famously described as “the beautiful game”. Starting at 22:00 tonight, when Zimbabwe takes to the field against Egypt at... 

Nigeria to consider its industries in Africa free trade zone decision

By: Reuters     20th June 2019 Nigeria will consider the interests of its industries in deciding whether to sign up to a $3-trillion Africa free-trade agreement, President Muhammadu Buhari said in a meeting with local manufacturers on Wednesday. The African Continental Free Trade Agreement (AfCFTA) encompasses 1.2-billion... 

South Africa not the gateway to Africa, warns research house 

By: Irma Venter     18th June 2019 South Africa is not, as is so often punted, the gateway to Africa, says Africa House director Duncan Bonnett – this is a mere “influence illusion”. The country is more a gateway to Southern African, and not even all of that. 

India national Budget likely to scrap import duty on LNG

By: Ajoy K Das     18th June 2019 The Indian government is considering scrapping an import duty on liquefied natural gas (LNG) in the forthcoming Budget to be presented before Parliament next month. Government officials say that the Petroleum and Natural Gas Ministry has made a strong pitch for reducing the current LNG import... 

Investors in SA need a long-term view

14th June 2019 The social, political and economic situation in South Africa is likely to become more turbulent in the short term to medium, and investors in the country need to take a long-term view, says analyst Dr Frans Cronje. The new government’s ‘New Dawn’ vision is stillborn and will not be sufficient to... 

Nestlé launches R&D innovation challenge in South Africa

By: Tasneem Bulbulia     13th June 2019 Nestlé on Thursday launched a research and development (R&D) innovation challenge in South Africa as part of the company’s efforts to contribute to the local innovation ecosystem. Nestlé’s goal is to work collaboratively with startups and universities to identify sustainable and scalable science... 

Broll Signs Exclusive African Affiliation with Cushman & Wakefield

By: Creamer Media Reporter      13th June 2019 Broll Property Group, the largest independently owned Pan-African commercial property services company, has entered into an exclusive affiliate arrangement with Cushman & Wakefield, a leading global real estate services company. The new venture represents a partnership with Broll’s Occupier... 

Motorbike taxi firms rev up for race into West Africa

By: Reuters     12th June 2019 Motorcycle taxi companies are expanding in West Africa with backing from investors betting that the meteoric rise of two-wheeled taxi firms in Asia can be replicated in some of the fastest growing countries in the world. Four bike taxi firms are now battling it out on the streets of Nigeria's... 

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