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Trade News

Werksmans questions Transnet's statement about 1 064 locomotive procurement report

By: Simone Liedtke     16th February 2018 Law firm Werksmans Attorneys on Friday said it was surprised at State-owned Transnet board's attempt to absolve anyone of wrongdoing when its report into alleged fraud related to the procurement of 1 064 locomotives, had concluded that, not only should Transnet institute appropriate disciplinary... 

Innovation and blockchain tech high on agenda at energy event

     16th February 2018 Leading figures within the African energy scene will convene at the tenth Africa Energy Indaba (AEI), including at the World Energy Council's (WEC’s) annual Africa meeting, to discuss the importance of innovation and regional integration at a time when the energy sector is undergoing a major... 

Innovation and blockchain tech high on agenda  at energy event
Photo by Duane Daws
CHRISTOPH FREI Achieving a robust energy future in a context of the triple transition requires different approaches guided by innovative policies

Event to add value to African energy sector

By: Simone Liedtke     16th February 2018 To bolster the socioeconomic development of the African energy sector, Africa Energy Indaba (AEI) chairperson Brian Statham says thinking within the sector needs to be expanded. 

Event to add value to African energy sector
BRIAN STATHAM Diversity energy sources provide an opportunity to interconnect energy systems

Company first-time exhibitor at event

By: Simone Liedtke     16th February 2018 South African electrical engineering company Power Plant Electrical Technologies (PPE Technologies) will exhibit at the African Energy Indaba (AEI) for the first time this year. 

Company first-time exhibitor at event
POSITIVE GROWTH TRAJECTORY Creating awareness of companies’ capabilities will lead to positive results in trade growth

Conference to foster entrepreneurial opportunities for women

By: Simone Liedtke     16th February 2018 To assist women in being successful renewable-energy entrepreneurs, the African Energy Sector: Scope and Opportunity discussion topic at this year’s Women in Energy Conference will focus on the entrepreneurial opportunities in the energy sector and how women can maximise their participation. 

Conference to foster  entrepreneurial opportunities for women
NELISIWE MAGUBANE The conference will also provide insights and opportunities for career development and entrepreneurship for women who want to participate in the energy sector

Senegal utility awards €197-million grid expansion contract

By: Nadine James     16th February 2018 Electrical transmission, engineering and maintenance provider Omexom, a subsidiary of Italian energy company VINCI Energies, has won the Société d’Electricité du Sénégal (Senelec) contract to install five new extra-high voltage (EHV) transformer stations, nearly 200 km of overhead and underground... 

Nuclear energy future imminent, despite delays in updated IRP

By: Simone Liedtke     16th February 2018 South Africa-based engineering, procurement and construction (EPC) company Lesedi Nuclear Services (Lesedi) business development executive Shane Pereira believes that there is a future for nuclear power globally, although it is being hindered locally by the delay in passing the updated Integrated... 

Nuclear energy future  imminent, despite  delays in updated IRP
SHANE PEREIRA South Africa has a strong nuclear industry

Framework continues to form sector foundation

By: Simone Liedtke     16th February 2018 The economic opportunity represented by the continent’s need for energy makes the African energy industry an attractive prospect for foreign investment, says law firm Norton Rose Fulbright director Lizel Oberholzer. 

Framework continues to form sector foundation
LIZEL OBERHOLZER There is an ever-increasing opportunity for private sector renewable and alternative energy projects to support energy supply

Robust energy base key to industrialisation

By: Simone Liedtke     16th February 2018 Public-private partnership South African Electrotechnical Export Council (SAEEC) CEO Chiboni Evans states that Africa's industrialisation can occur only if countries have a robust energy base. 

Robust energy base key to industrialisation
CHIBONI EVANS The South African government strongly supports the industrialisation of the African continent

America to consider Zimbabwe’s eligibility for Agoa this year

By: Terence Creamer     13th February 2018 The US government will consider Zimbabwe’s eligibility for the trade benefits it extends under the Africa Growth and Opportunity Act (Agoa) during 2018, the State Department’s acting director for economic and regional affairs Harry Sullivan said during a telephonic briefing on Tuesday. Since Agoa... 

America to consider Zimbabwe’s eligibility for Agoa this year

Post-Zuma uncertainty not addressed by current opposition party ideology - Khoza

By: Dylan Slater     13th February 2018 Political party, African Democratic Change (ADeC), has expressed concern that South Africa faces an uncertain future in light of poor opposition leadership and foresight.  

Trade conditions remain strong – Sacci

By: Dylan Slater     13th February 2018 With general business confidence at its highest level in two-and-a-half years, trade expectations have maintained an improved level going into this year, the South Africa Chamber of Commerce and Industry (Sacci) said on Tuesday.  

WSP to develop 330 kV Zambia-DRC electricity transmission line

By: Dylan Slater     13th February 2018 The Southern African Power Pool has appointed UK-based engineering consultancy WSP to develop a proposed 330 kV electricity interconnector between Zambia and the Democratic Republic of Congo (DRC).  

China urges US to rein in 'trade remedy measures' for steel

By: Reuters     13th February 2018 China has expressed concerns over excessive protectionism in the steel sector by the United States, and urged it to show restraint in using trade remedy measures, an official with Chinese Ministry of Commerce (Mofcom) said on Tuesday. Wang Hejun, the head of Mofcom's Trade Remedy and... 

VWSA passenger car market leader for seventh consecutive year

     9th February 2018 Automotive manufacturing company Volkswagen Group South Africa (VWSA) ended 2017 with 80 308 sales, giving it a total market share of 21.8%, with the Volkswagen brand achieving 18.9% share in a year in which it ran out of supply of its most successful models. Since the introduction of the Polo... 

VWSA passenger  car market leader for seventh consecutive year
MARKET LEADER The Volkswagen Polo sold 22 916 units last year

Iata welcomes latest African ‘open skies’ initiative

By: Rebecca Campbell     9th February 2018 The International Air Transport Association (IATA) has welcomed the launch of the African Union’s (AU’s) Single African Air Transport Market (SAATM) initiative. This is intended to improve intra-African air transport links by “opening up” the skies above the continent. The initiation of the SAATM... 

Continent has potential to gain the most from Industry 4.0, says Paramount head

By: Dylan Slater     9th February 2018 Africa is not alone in its unpreparedness for shifting into the Fourth Industrial Revolution, or Industry 4.0, but it has the potential to gain the most out of such a development by finding new ways of manufacturing, says aerospace and defence company Paramount group executive chairperson Ivor... 

Continent has potential to gain the most from Industry 4.0,  says Paramount head
MADE IN SOUTH AFRICA Paramount Group’s Mwari aircraft is a testament of digital technology at work as it is designed entirely in a digital format, thereby enabling for a jigless construction

Machine learning offers slew of advantages

By: Nadine James     9th February 2018 In a recent study, information technology (IT) research company Gartner posed that, “by 2019, IT service desks [using] machine learning enhanced technologies will free up to 30% of support capacity.” This idea is supported by Marval Africa executive director Edward Carbutt who believes that the... 

Solar-asset marketplace using cryptocurrency, blockchain to monetise solar energy

By: Schalk Burger     9th February 2018 SUNEX, a new South African cryptocurrency representing the value of power produced and dispatched from the bearer's solar photovoltaic (PV) panels, helps to support and accelerate the rollout and use of PV solar renewable-energy technologies, says Sun Exchange co-founder and CEO Abraham... 

South African grape variant to be launched at German fruit trade fair

By: Dylan Slater     6th February 2018 South African science institution, the Agricultural Research Council (ARC), in partnership with the South African Table Grape Industry (Sati) and Culdevco, plans to launch a seedless red table grape at the South African National Pavilion during the Fruit Logistica Trade Fair, which takes place in... 

Turner & Townsend’s Kenyan business to merge with Nairobi-based firm

By: Dylan Slater     6th February 2018 Global project management consultancy Turner & Townsend’s Kenyan business will merge with Nairobi-based project management firm Mentor Management Limited (MML), after Turner & Townsend acquired a majority stake in MML from growth markets investor Actis.  

TPT boosts PE port handling volumes, rail use

By: Schalk Burger     6th February 2018 Transnet Port Terminals (TPT) achieved higher than forecast automotive and container handling volumes at the Port Elizabeth port in December, which it attributes to greater demand from local and international markets, along with automotive investments made in the region, TPT Eastern Cape GM Siya... 

Conference to focus on intra-Africa trade development

By: Jessica Oosthuizen     2nd February 2018 This year, the Manufacturing Indaba’s theme is Industrialising Africa, which Manufacturing Indaba MD Liz Hart believes will support the development of more intra-Africa trade opportunities. “Africa is still relying on agriculture and the export of raw commodities for economic growth. Although... 

Conference to focus  on intra-Africa  trade development
CHALLENGES & OPPORTUNITIES The Manufacturing Indaba will focus on Africa’s manufacturing potential

Digitalisation major topic at railways expo and conference

     2nd February 2018 In line with trends such as the Internet of Things (IoT), big data and analytics and machine learning, digitalisation will play a major role in this year’s Africa Rail agenda. The conference will look at the innovative technologies and systems that are transforming the African industry and... 

Digitalisation major  topic at railways expo  and conference
GROWING NUMBERS Africa Rail organiser Terrapinn expects 7 000 attendees this year

Inaugural conference aims to find cross-border trade solutions

By: Jessica Oosthuizen     2nd February 2018 nvestment conference organiser Resources 4 Africa’s inaugural Cross-Border Mining Services (CBMS) Africa Indaba aims to find solutions to the challenges that the African mining industry faces when procuring and transporting goods and services across the continent. “This is the only event in... 

Inaugural conference aims to find cross-border trade solutions
EXPERTISE AND EXPERIENCE The Cross-Border Mining Services Africa Indaba will bring together heads of procurement and supply chain from mining companies, equipment suppliers and engineering, procurement and construction managers

Showcase of SA's manufacturing prowess to debut in 2019

By: Dylan Slater     2nd February 2018 To showcase the best South Africa has to offer in terms of local manufacturing and South African-produced capital equipment, capital equipment manufactures lobby group the South African Capital Equipment Exporters Council (Saceec) has partnered with exhibition organisers Specialised Exhibitions... 

Multinational initiative stimulating intraregional East African trade

By: Rebecca Campbell     2nd February 2018 The multinational TradeMark East Africa (TMEA) initiative has been bearing fruit and, with its first phase having proved a success, it is now moving into its second phase. TMEA involves Burundi, Kenya, Rwanda, South Sudan, Tanzania and Uganda, and is focused on promoting trade between the... 

Looming 2020 bunker fuel deadline spells trouble for coastal refineries

By: Nadine James     2nd February 2018 South Africa’s three coastal refineries – as well as a significant majority of coastal refineries globally – will definitely miss the International Maritime Organisation’s (IMO’s) January 1, 2020 deadline to reduce the sulphur specification in bunker fuel oil (BFO) from 3.5% to 0.5%, says Wright... 

Looming 2020 bunker fuel deadline  spells trouble for coastal refineries
UNCERTAINTY Owing to the uncertainty of the deadline set out by the International Maritime Organisation many shippers and refiners have avoided spending on capital intensive upgrades

Team South Africa syncing its act to host tenth Brics summit

By: African News Agency      29th January 2018 Different South African sectors are synchronising their act on Monday, as Pretoria prepares to host the highly anticipated 10th summit of the Brics bloc – which groups Brazil, Russia, India, China, and South Africa – to be held in July. “One of the things we did last year is that we found that... 

Rosatom competition winners tour nuclear facility

By: Nadine James     26th January 2018 Russian nuclear corporation Rosatom’s African subsidiary Rosatom Africa sponsored an all expenses paid trip to Russia for winners of the yearly student competition, held for the third time last year. The students visited the Novovoronezh nuclear power plant (NPP), as well as its training... 

Rosatom competition winners tour nuclear facility
RED SQUARE The prize comprised of a site visit to a Nuclear Power Plant and a cultural tour of Moscow, including Red Square and the Museum of Cosmonautics

China's Belt and Road initiative the future of global collaboration

By: African News Agency      25th January 2018 China's Belt and Road Initiative (BRI) which seeks to build structural linkages and cooperation between countries has been held up as a model of global collaboration. Initially set up as a framework for cooperation between Eurasian countries, the BRI is being hailed as being perfectly in sync... 

UK reaffirms commitment to promote trade and investment with Africa

By: Keith Campbell     19th January 2018 The British government has again given the assurance that it desires a mutually beneficial and thriving trade relationship between the UK and Africa once the country has left the European Union (EU). This was affirmed by Trade Policy Minister (equivalent to Deputy Minister in South Africa) Greg... 

Africa, and other regions, seen benefiting from China-driven One Belt, One Road superproject

By: Schalk Burger     19th January 2018 The China-driven superproject, the Belt and Road Initiative (BRI), which is a conceptual redevelopment of the ancient global tradeways of the Silk Road, aims to link the heartlands of countries by land, sea and air routes, says Renmin University School of International Studies Professor Wang... 

Davos paper attacks Trump's views on trade

By: Reuters     17th January 2018 US President Donald Trump's view of world trade will be challenged next week when he visits the World Economic Forum (WEF) at Davos, judging by a paper seen by Reuters on Wednesday that is aimed squarely at his "America First" stance. The "Strategic Brief on Misconceptions around Trade Balances"... 

Grindrod facing delays with separate listing of shipping unit, but still positive about H1 completion

By: Megan van Wyngaardt     16th January 2018 Owing to the cross jurisdictional nature of a proposed international listing by Grindrod, through which it is aiming to launch a separate listing of its shipping business, the various processes required by regulators in the different relevant jurisdictions are taking longer than initially... 

Grindrod facing delays with separate listing of shipping unit, but still positive about H1 completion

Aspen Pharmacare to start selling its infant formula milk Alula in China

By: African News Agency      15th January 2018 South African multinational pharmaceutical drug maker, Aspen Pharmacare, said on Monday that it would start distributing its infant formula milk in China. This comes after the China Food and Drug Administration (CFDA) announced on Friday that it had approved the registration of Aspen's infant... 

DTI invites black industrialists on Mozambique trade mission

By: Megan van Wyngaardt     12th January 2018 The Department of Trade and Industry (DTI) has invited black industrialists to apply for participation in a trade mission to Mozambique from March 5 to 9. The mission forms part of the implementation of government’s Black Industrialists Programme (BIP), which is aimed at promoting... 

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