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Trade News

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.... 

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

Investor interest in Africa’s power sectors remains significant

By: Jessica Oosthuizen     20th April 2018 Despite the downturn in commodity prices that led to more subdued growth in several of Africa’s resource-intense economies, there is still significant investor interest in Africa’s power sectors, says multidisciplinary engineering consultancy WSP Africa power transmission and distribution... 

Investor interest in Africa’s power sectors remains significant
DINESH BULDOO Transmission and distribution networks are equally critical components to electrifying Africa

SA distributor secures rights to market cable fire-protection system

By: Dylan Slater     20th April 2018 A joint venture (JV) between 24-year-old South Africa-based construction access systems provider IBAS Group and Norway-based fire-prevention solutions company Fire Security aims to increase market awareness in South Africa for two fire-prevention systems developed and manufactured by Fire... 

SA distributor secures rights to  market cable fire-protection system
PROTECTIVE COATING FS1 expands up to 100 times its thickness to protect cables from direct contact with flames

BRICS members work towards better trade by 2021

By: African News Agency      19th April 2018 The BRICS member countries are working towards strengthening co-operation and mutual assistance to facilitate trade with one another, the South African Revenue Service (Sars) said on Thursday. The delegates from Brazil, Russia, India, China and South Africa met in the coastal city of Durban for... 

 BRICS members work towards better trade by 2021

Ramaphosa urges closer ties between South African businesses and other Commonwealth nations

By: Simone Liedtke     18th April 2018 South African President Cyril Ramaphosa has encouraged South African businesses to reach out to their Commonwealth counterparts across the globe to forge closer ties and create avenues for greater trade and investment. In an address in London, on Wednesday, he said that the Commonwealth Business... 

UK, SA Trade Ministers hold talks in London

By: Rebecca Campbell     18th April 2018 South African Trade and Industry Minister Dr Rob Davies met with his British counterpart, International Trade Secretary Dr Liam Fox, on Tuesday on the margins of the Commonwealth Heads of Government Meeting in London, to discuss the bilateral trade relationship. They both expressed pleasure at... 

UK, SA Trade Ministers hold talks in London
UK Secretary of State for the Department of International Trade Dr Liam Fox and South African Minister of Trade and Industry Dr Rob Davies

Sense of optimism for greater industrialisation in Africa prevails – DTI

By: Simone Liedtke     13th April 2018 Regardless of barriers to trade between African countries, Department of Trade and Industry (DTI) African integration and industrial development chief director Nigel Gwynne-Evans believes there is currently a sense of far greater optimism among heads of State that these issues can be overcome.... 

SA firm’s high-capacity air hoists making inroads into global oil and gas, marine sectors

By: Schalk Burger     13th April 2018 Industrial pneumatic equipment manufacturer ATS 2000 is reporting significant demand for its high-capacity air hoists in the international oil and gas market and for industrial and marine applications, says ATS 2000 MD Glenton Rebello. The company has manufactured four 60 t air hoists at its... 

SA firm’s high-capacity air hoists making  inroads into global oil and gas, marine sectors
EXPORT AIR HOIST ATS focused on international exposure and has identified opportunities to grow exports

French interested in South Africa and offering opportunities to South Africa

By: Rebecca Campbell     12th 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 briefing on Thursday. He pointed out Some 400 French companies had already set up business in South Africa and others are interested... 

Global trade growth strong but at risk if conflict escalates, WTO says

By: Reuters     12th April 2018 World trade in goods is maintaining a robust recovery, but it still might falter if trade tensions escalate further, the World Trade Organization said in its annual forecast on Thursday. Trade in goods will grow 4.4% this year after a decade averaging 3.0% a year following the financial crisis.... 

Boeing wins a trifecta of commercial aircraft orders

By: Rebecca Campbell     11th April 2018 US aerospace giant Boeing has announced a series of orders for its commercial aircraft during this month so far. The orders are for 737 MAX 10 single-aisle and 787 Dreamliner wide-body airliners and 777 freighter aircraft. The three deals have a total value of some $19.94-billion. The first... 

Boeing wins a trifecta of commercial aircraft orders
Photo by Bloomberg
A Boeing 777 (in airliner configuration)

IMF chief optimistic on growth, but warns against trade protectionism

By: Reuters     11th April 2018 The International Monetary Fund (IMF) is optimistic on the outlook for global growth but warned darker clouds are looming due to fading fiscal stimulus and rising interest rates, the fund's Managing Director, Christine Lagarde, said on Wednesday. In a speech in Hong Kong, Lagarde said the top... 

International airline body calls for greater cooperation within Africa regarding aviation

By: Rebecca Campbell     10th April 2018 Collaboration between aviation stakeholders, not least governments, in Africa is essential if the aviation sector is to realise its full potential and accelerate the development of the continent. So asserted International Air Transport Association (Iata) VP: Africa Raphael Kuuchi in his keynote... 

Visa launches challenge to create payment innovations

By: Schalk Burger     6th April 2018 Payment technology multinational Visa launched its global Everywhere Initiative in Africa for financial technology (fintech) start-ups to stimulate payment innovations and the nascent fintech industry in the region. “The goal is to allow for cashless economies and financial inclusion. Visa aims... 

Capital equipment future looks bright

By: Erin Steenhoff-Snethlage     6th April 2018 Sales of new earthmoving and mining equipment are on an upward trend, breaking the three-year downward cycle that the industry has been in since the second quarter of 2014, according to the Construction and Mining Equipment Suppliers’ Association (Conmesa). 

Capital equipment future looks bright
LAWRENCE PETERS An increase in capital equipment sales in 2017 is a positive sign for the future of the industry

M&R independent board issues fair value price range

By: Marleny Arnoldi     4th April 2018 The R15-a-share offer that German investment firm Aton is proposing for JSE-listed Murray & Roberts (M&R) falls well short of what the independent board believes the company is valued at.  

Trade back on the global, African agenda 

29th March 2018 Creamer Media's Chanel de Bruyn speaks to Engineering News Editor Terence Creamer about Africa’s plans to conclude a continental free trade agreement and South Africa’s discussions with the US regarding steel tariffs. 

Trade back on the global, African agenda
Trade back on the global, African agenda

WTO chief sees no sign of US walking away from WTO

By: Reuters     28th March 2018 There is no sign that the United States is distancing itself from the World Trade Organization, and negotiations are underway to avert a global trade war, WTO Director-General Roberto Azevedo said in a BBC interview broadcast on Wednesday. US President Donald Trump has launched a series of... 

M&R board labels Aton offer 'opportunistic'

By: Marleny Arnoldi     27th March 2018 JSE-listed Murray & Roberts’ (M&R’s) independent board review has concluded that German investment holdings company Aton's planned offer of R15 a share is “opportunistic” and that Aton is unlikely to successfully delist M&R after the takeover. M&R reported on Tuesday that Aton’s proposed cash... 

Nigeria to consult before deciding on African trade zone

By: Reuters     27th March 2018 Nigeria decided not join an Africa free trade zone last week because it needs to carry out more consultations at home first, the government said on Tuesday. Other leaders agreed to form a zone encompassing 1.2-billion people, but 11 countries including the continent's biggest economy, Nigeria,... 

South Africa sees T-FTA as building block in continental integration process

By: Terence Creamer     26th March 2018 South Africa fully supports the proposed African Continental Free Trade Agreement (AfCFTA) signed by 44 African countries in Kigali, Rwanda, last week, but Trade and Industry Minister Dr Rob Davies said the “high bar” set by South Africa’s legal framework made it impossible for the country to... 

South Africa sees T-FTA as building block in continental integration process
Photo by Creamer Media
Trade and Industry Minister Dr Rob Davies

SADC Ministers meet in Pretoria with focus on industrialisation

By: African News Agency      26th March 2018 The Southern African Development Community (SADC) Council of Ministers meeting in Pretoria should explore ways of cooperating to intensify industrialisation in the region to boost economic growth, South Africa’s Minister of International Relations and Cooperation Lindiwe Sisulu on Monday. Sisulu,... 

EU trade chief hopeful of exemption from Trump tariffs

By: Reuters     22nd March 2018 European Trade Commissioner Cecilia Malmstrom expressed cautious optimism on Thursday that US President Donald Trump would exempt the European Union from import tariffs to be imposed on steel and aluminium. The United States is set to begin charging import duties of 25% on steel and 10% on... 

Ramaphosa: SA borders 'need to be open for Africans to move freely and to promote business'

By: News24Wire      22nd March 2018 South Africa's borders need to be open for people – particularly Africans – to move more freely and to promote business, President Cyril Ramaphosa has said. He also reiterated the need for a single currency on the continent. Ramaphosa told journalists following a summit on the African Continental... 

Ramaphosa: SA borders 'need to be open for Africans to move freely and to promote business'
President Cyril Ramaphosa

Ramaphosa welcomes new continental free trade agreement

By: News24Wire      21st March 2018 President Cyril Ramaphosa has welcomed the adoption by the African Union of an agreement of free trade on the continent as "a new beginning for the continent that will catapult African countries and companies to much higher levels of growth". Ramaphosa returns to South Africa Wednesday night... 

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