http://www.engineeringnews.co.za
R/€ = 16.07 Change: -0.01
R/$ = 14.18 Change: -0.01
Au 1215.44 $/oz Change: 2.54
Pt 843.50 $/oz Change: 7.48
 

Trade News

Sygnia shares start trading on A2X

By: Simone Liedtke     13th September 2018 Investment management company Sygnia’s shares began trading on South African stock exchange A2X on Thursday, with the company becoming the eleventh issuer to secondary list on the exchange. Sygnia, which is based in South Africa, retains its primary listing on the JSE. 

EU's Juncker eyes Africa free trade pact

By: Reuters     12th September 2018 The European Union (EU) should offer a free trade agreement to the whole of the African continent and a new investment alliance, European Commission President Jean-Claude Juncker said in a keynote speech on Wednesday. Among various proposals for EU action to bolster prosperity in the world's... 

EU's Juncker eyes Africa free trade pact
Photo by Bloomberg
European Commission President Jean-Claude Juncker

Davies to attend G20 meeting

By: African News Agency      11th September 2018 South Africa's trade and industry minister Rob Davies will attend a meeting with peers from the G20 global grouping in Argentina set to focus on the agriculture sector, his department said on Tuesday. The G20 or Group of Twenty is an international forum for the governments of Argentina,... 

Davies to attend G20 meeting
Photo by Reuters
Trade & Industry Minister Rob Davies

Afrox achieves double-digit HEPS growth amid subdued economic environment 

By: Simone Liedtke     10th September 2018 Despite low economic growth in the six months to June 30, JSE-listed African Oxygen (Afrox) achieved double-digit growth in its headline earnings per share (HEPS) to 104c, representing an increase of 11.5% from the HEPS of 93.3c recorded for the six months to June 30, 2017. Referring to the... 

Afrox achieves double-digit HEPS growth amid subdued economic environment
African Oxygen (Afrox) MD Schalk Venter speaks to Engineering News Online about the company’s interim results, and upcoming investment plans. Video & Editing: Darlene Creamer

African rail industry urged to adopt concepts of Fourth Industrial Revolution

By: Nadine James     4th September 2018 The African rail industry must adopt the concepts and develop the technologies of the Fourth Industrial Revolution to facilitate, and realise, the industrialisation aspirations of the continent, delegates attending a South African Heavy Haul Association (SAHHA) technical workshop, on Tuesday,... 

China's Xi offers another $60bn to Africa, but says no to 'vanity' projects

By: Reuters     3rd September 2018 Chinese President Xi Jinping offered another $60-billion in financing for Africa on Monday and said Chinese companies will be encouraged to invest no less than $10-billion over the next three years, but he also warned against "vanity projects". Speaking at the opening of a major summit with... 

China's Xi offers another $60bn to Africa, but says no to 'vanity' projects
Chinese President Xi Jinping

President Ramaphosa jetting off to China for State visit and multilateral summit

By: Rebecca Campbell     31st August 2018 South African President Cyril Ramaphosa departs for Beijing on Friday for both a State visit to China and to co-Chair the 2018 Forum on China-Africa Cooperation (FOCAC), which will take place immediately afterwards. The State visit will take place on September 2 and FOCAC will be held on... 

South Africa's trade balance swings to deficit in July

By: Reuters     31st August 2018 South Africa's trade balance swung to a deficit of R4.66-billion ($317-million) in July from a revised R11.89-billion surplus in June, data from the revenue agency showed on Friday. Exports fell by 2.7% on a month-on-month basis to R107.07-billion in July, while imports increased by 13.8% to... 

South African winemakers look to Peru for growth

By: Marleny Arnoldi     30th August 2018 Wine producer La Ric Mal owner and winemaker Malcolm Green and other wine producers from four South African provinces will travel to Lima, Peru, this weekend, with the aim of expanding the market for South African wines. This expedition forms part of the Trade and Investment Mission organised and... 

South African winemakers look to Peru for growth

South African farmers play chicken with Trump tariffs

By: Reuters     29th August 2018 Herman Pretorius is just the kind of white South African farmer US President Donald Trump expressed concern for when he barged into the country's delicate land reform debate by ordering an investigation into the "large-scale killing of farmers". But for the greying, bespectacled 58-year-old,... 

Britain supports South African land reform – PM May 

By: Reuters     28th August 2018 Britain supports South Africa's land reform programme provided it is carried out legally, Prime Minister Theresa May said in Cape Town on Tuesday, adding that she would discuss the issue with President Cyril Ramaphosa. "The UK has for some time now supported land reform. Land reform that is... 

Britain supports South African land reform – PM May
Photo by Reuters
British Prime Minister Theresa May

Ford produces 500 000th Ranger in South Africa

By: Schalk Burger     24th August 2018 Ford Motor Company of Southern Africa’s (FMCSA’s) Silverton assembly plant, in Pretoria, has produced its 500 000th Ford Ranger. “The current Ford Ranger has been a remarkable success story for FMCSA, and we are delighted to have reached the 500 000 mark for this vehicle programme,” says Ford... 

Ford produces 500 000th Ranger in South Africa
FORD RANGER The company invested R3-billion in 2011 and another R3-billion in 2017 to meet worldwide demand for the Ranger

US poultry industry to urge retaliation if South Africa ends quota

By: Reuters     22nd August 2018 The United States poultry industry will press its government to retaliate if South Africa suspends a quota that excludes some US imports from an anti-dumping tariff, the head of a poultry trade group said. The South African Poultry Association (SAPA) has filed a lawsuit seeking to force the... 

Poultry group seeks to suspend US import quota

By: Reuters     21st August 2018 The South African Poultry Association (SAPA) has filed a legal action to force the government to suspend a quota that excluded imports of US poultry from South Africa's anti-dumping tariff, a senior official with the association said on Tuesday. The decision by SAPA was a response to the Trump... 

EESE welcomes imminent BBBEE scheme listings

By: Simone Liedtke     21st August 2018 Equity Express Securities Exchange (EESE) on Tuesday welcomed the planned listings of the MultiChoice and Media24 broad-based black economic empowerment (BBBEE) schemes, Phuthuma Nathi and Welkom Yizani, in October. These listings will include Phuthuma Nathi Investments, Phuthuma Nathi... 

EESE welcomes imminent BBBEE scheme listings
Equity Express Securities Exchange (EESE) CEO Anthony Wilmot

Proudly South African launches online shopping site in boost for Buy Local campaign

By: Marleny Arnoldi     21st August 2018 Proudly South African (Proudly SA) and RSA Made on Tuesday launched an online shopping site, www.rsamade.co.za, which sells only locally made items. The site forms part of Proudly SA’s Buy Local advocacy campaign, and looks to grow Proudly SA’s members’ share of the burgeoning market that is... 

Mint Directors Conference to reach South African shores in 2020

By: Simone Liedtke     20th August 2018 The biennial Mint Directors Conference (MDC) will return to South African shores in 2020, says South African Reserve Bank (SARB) subsidiary, the South African (SA) Mint. The event, which is expected to attract more than 300 guests, will be held in both Cape Town and Pretoria, in April 2020. 

Mint Directors Conference to reach South African shores in 2020
The baton was passed on to the South African Mint by the Korea Minting and Security Printing & ID Card Operating Corporation (Komsco), which hosted the conference this year in Seoul

New Asia market manager appointed for South African wines body

By: Schalk Burger     17th August 2018 Winemaker industry body Wines of South Africa (WoSA) has appointed Marcus Ford as its new Asia market manager, effective August 20. He will be based in Shanghai, China, and responsible for running all marketing activities throughout mainland China, Hong Kong and Japan, the organisation said on... 

Dachser South Africa driving excellence in road freight services

17th August 2018 According to logistics company Dachser South Africa road freight in Africa can be a challenging undertaking. Therefore, transporting goods and services throughout the continent requires a network of support partners, a team that has up-to-date information on multi-country customs and border... 

Dachser South Africa driving excellence in  road freight services
STRATEGIC GOAL Dachser South Africa’s aim is to ensure that logistics is tailored to meet clients’ specific requirements

New regulation increases interest in local industry

By: Melissa Zisengwe     17th August 2018 The logistics industry will be boosted by the New Customs Acts Programme (NCAP), which was formally introduced this year, says working capital specialists Investec Import Solutions customs manager Dylan Govender. The South African Revenue Service (Sars) describes the NCAP as a safe, enabling,... 

New regulation increases interest in local industry
NEW REGULATION Companies are now required to declare their cargo conveyed to South Africa 24 hours prior to transportation

Tiger Brands’ shares fall on lower FY18 earnings expectations

By: Simone Liedtke     16th August 2018 JSE-listed Tiger Brands’ share price fell by nearly 9.8% on Thursday morning after it announced that its earnings per share (EPS) and headline earnings per share (HEPS) for the financial year to end September 30 are likely to decrease by 22% to 37% year-on-year. It reported EPS of R19.15 and HEPS... 

Davies endorses Itac’s recommendation of increase in sugar import duties

By: Simone Liedtke     15th August 2018 Trade and Industry Minister Dr Rob Davies has endorsed the International Trade Administration Commission of South Africa’s (Itac’s) recommendation for an increase in import duties on sugar to $680/t. While the level is not at the maximum bound rate, as initially requested by the industry in the... 

Trade prospects deteriorate further in July – Sacci

By: Marleny Arnoldi     15th August 2018 Trade prospects have deteriorated further in July, from the already negative outlook in June, the South African Chamber of Commerce and Industry (Sacci) reported on Wednesday, following the release of its latest Trade Conditions Survey. Trade expectations for the next six months, as reflected... 

Ford produces milestone 500 000 Rangers in South Africa

By: Schalk Burger     14th August 2018 Ford Motor Company of Southern Africa’s (FMCSA’s) Silverton assembly plant, in Pretoria, has produced its 500 000th Ford Ranger. “The current Ford Ranger has been a remarkable success story for FMCSA, and we are delighted to have reached the 500 000 mark for this vehicle programme,” Ford Middle... 

Ford produces milestone 500 000 Rangers in South Africa
FORD RANGER 2017

R12m solar PV plant to be installed at Liberty Midlands Mall

By: Nadine James     8th August 2018 Liberty Two Degrees (L2D), in partnership with Liberty Group, on Wednesday announced the first solar photovoltaic (PV) installation at the Liberty Midlands Mall, in Pietermaritzburg. This solar PV plant is being commissioned on the roof of the mall’s 22 000 m2 Phase 3 extension, which was... 

Davies gazettes draft regulations on SEZs

By: Nadine James     7th August 2018 Trade and Industry Minister Dr Rob Davies has gazetted draft regulations on the Governance and Composition of the Special Economic Zones (SEZs) The proposed regulations seek to provide for the following options – for the management and operation of the industrial development zone (IDZ) entity not... 

Davies gazettes draft regulations on SEZs
Trade and Industry Minister Dr Rob Davies

DA proposes free trade, cost and regulatory reductions to stimulate manufacturing

By: Schalk Burger     7th August 2018 Political party, the Democratic Alliance (DA), on Tuesday proposed increased free trade and reducing regulatory burdens and energy costs to stimulate manufacturing in South Africa. In its policy proposal, ‘Manufacturing a new economic future’, the party states that “an effective trade policy... 

Corruption Watch report highlights schools, SOEs, health sector as areas of concern

By: Nadine James     7th August 2018 From January 1 to June 30, 2 469 cases of corruption were lodged with Corruption Watch the organisation noted in its ‘2018 Analysis of Corruption Trends (ACT)’ report, which it released on Tuesday. Six areas of concern were highlighted by these cases, including schools, municipalities, the South... 

EU asks WTO to certify it has removed Airbus subsidies

By: Reuters     6th August 2018 The European Union has asked the World Trade Organization to certify that it has complied with WTO rulings on its subsidies for planemaker Airbus, attempting to forestall-billions of dollars of US sanctions, a document published by the WTO showed on Monday. The legal move is the latest step in a... 

Funding for SA firms seeking to increase African trade and investment exposure

By: Schalk Burger     3rd August 2018 Increased trade and interdependence with the rest of Africa are set to bolster the anaemic economy of South Africa through the R13.4-billion Export Credit Insurance Corporation of South Africa (ECIC) and African Export Import Bank (Afreximbank) South African Trade and Investment Promotion... 

Funding for SA firms seeking to increase African trade and investment exposure

Altron to reveal new brand

By: Nadine James     2nd August 2018 JSE-listed information and communications technology service provider Altron on Thursday unveiled a new brand aimed at ensuring the company goes to market under a single identity. “Our new brand brings with it a new culture of how we do business,” said Altron CE Mteto Nyati. “Part of this is our... 

PwC suggests reviewing corporate culture to combat economic crime

By: Nadine James     2nd August 2018 Digital innovation and technology have given rise to new attack surfaces for economic criminals and fraudsters, resulting in the rate of instances growing at exponential levels, PwC’s 2018 ‘Global Economic Crime’ survey shows.   The survey, released on Thursday, notes that just under half of... 

CSIR, Gold Yard to scale up industrial development in Africa through partnership

By: Simone Liedtke     1st August 2018 The Council for Scientific and Industrial Research (CSIR) and Gold Yard International Exchange Service have signed an agreement to contribute to boosting industrial development on the African continent. Gold Yard represents the various provincial bureau of China State Administration of Foreign... 

G20 agriculture ministers slam protectionism, pledge WTO reforms

By: Reuters     30th July 2018 Agriculture ministers from the G20 countries criticized protectionism in a joint statement on Saturday, and vowed to reform World Trade Organization (WTO) rules, but did not detail what steps they would take to improve the food trade system. In the statement, they said they were "concerned about... 

Growth potential positive – Naamsa

By: Halima Frost     27th July 2018 Owing to the right policies, interventions and goodwill by all automotive industry stakeholders, National Association of Automobile Manufacturers of South Africa (Naamsa) director Nico Vermeulen says the industry’s growth potential remains positive. “Currently, the automotive industry is the... 

Brics leaders commit to strengthen multilateral trading system amid ‘unprecedented challenges’

By: Terence Creamer     26th July 2018 Heads of State from Brazil, Russia, India, China and South Africa highlighted the benefits of multilateralism and cooperation for unlocking economic growth and development during the tenth Brics Summit, which took place in Johannesburg on Thursday. In the open session chaired by South Africa’s... 

Brics leaders commit to strengthen multilateral trading system amid ‘unprecedented challenges’
Chinese President Xi Jinping, Indian PM Narendra Modi, South African President Cyril Ramaphosa, Brazilian President Michel Temer and Russian President Vladimir Putin

Business Leadership urges SA private sector to match foreign investment 

By: African News Agency      26th July 2018 Business Leadership South Africa (BLSA) on Thursday urged the local private sector to help build on the BRICS Summit by matching and taking advantage of the investment opportunities presented by the summit and associated business forums.  This follows an announcement of US $14,7 billion worth of... 

Business Leadership urges SA private sector to match foreign investment
BLSA Chief Executive Bonang Mohale

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
Free daily email newsletter Register Now
Register Close