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Trade News

Davies welcomes Whirlpool’s R100m investment

By: Nadine James     2nd March 2018 Trade and Industry Minister Dr Rob Davies has congratulated appliance manufacturer Whirlpool South Africa on its R100-million investment in a new manufacturing line that is expected to create about 100 jobs. The investment in the company’s plant, located in the Isithebe Industrial Park near... 

Only one Brics leader among those who made early calls to Ramaphosa

By: Rebecca Campbell     2nd March 2018 Not one of the five world and regional leaders who formed the first group to phone new South African President Cyril Ramaphosa on Sunday February 18, to hold preliminary discussions with, and to congratulate, him came from a Brics (Brazil, Russia, India, China and South Africa) group country. Two... 

Drive specialist launches new product at event

By: Simone Liedtke     2nd March 2018 Drive engineering specialist SEW Eurodrive will launch its ECDriveS at this year's bauma CONEXPO AFRICA expo for the global construction and mining industries. 

Drive specialist launches new product at event
NORMAN MALEKA Our aim is to offer complete solutions, as opposed to simply being a component supplier

Long-suffering SA manufacturing sector hoping to reap Ramaphosa dividend

By: Dylan Slater     2nd March 2018 Prior to the Valentine’s Day resignation of now former President Jacob Zuma, popular industry sentiment pointed towards a better year in terms of manufacturing and gross domestic product (GDP) on the back of a recovering commodities market.  

Long-suffering SA manufacturing sector  hoping to reap Ramaphosa dividend

Over 20 000 visitors expected at event

By: Simone Liedtke     2nd March 2018 With more than 20 000 international and local visitors from 72 countries expected to attend bauma CONEXPO AFRICA 2018, international exhibition company Messe München South Africa CEO Elaine Crewe says the event aims to present an opportunity for stakeholders to showcase new innovative products... 

Over 20 000 visitors expected  at event
2018 EDITION The third iteration of the event in Africa will be held from March 13 to 16

Trade agreement with the EU a boost for Western Cape exports

By: Kim Cloete     1st March 2018 The Economic Partnership Agreement (EPA) between the European Union and six countries in Southern Africa has been a boost for the Western Cape, with strong gains for the wine and fishing industries since it came into effect in October 2016.  The EPA between the EU and the Southern African Customs... 

Working-at-height training programme incorporates VR tech

By: Nadine James     23rd February 2018 Steel and mining company ArcelorMittal South Africa (AMSA) has incorporated virtual reality (VR) technology into the apprenticeship and training programmes at its Vanderbiljpark plant. The VR training solution, which has been operational since December last year, is currently used to determine... 

Working-at-height training programme incorporates VR tech
SAFETY FIRST The virtual reality technology allows for practical application without placing trainees at risk

Solar systems company dismisses takeover rumour

By: Dylan Slater     23rd February 2018 Solar photovoltaic (PV) mounting systems company Schletter South Africa is seeing positive growth in line with industry developments, with high hopes of renewed interest and demand in 2018.  

South Africa to pilot first utility-scale vanadium redox flow battery

By: Nadine James     23rd February 2018 Aim-listed miner Bushveld Minerals’ 84%-owned energy subsidiary Bushveld Energy will be commissioning its first utility-scale vanadium redox flow battery (VRFB) for testing by State-owned power utility Eskom in May, says Bushveld Energy CEO Mikhail Nikomarov. 

South Africa to pilot first utility-scale vanadium redox flow battery

EU warns it will retaliate if hit by US trade curbs

By: Reuters     22nd February 2018 The European Commission said on Tuesday it had expressed its concern to Washington about possible measures to curb imports of steel and aluminium and warned that it was ready to react if its industry was hit. "We have made it clear to the US administration at the highest level that we would be... 

Transnet delivering on its Africa strategy

By: Simone Liedtke     22nd February 2018 State-owned Transnet's Diaspora Infrastructure Development Group (DIDG) Consortium on Wednesday delivered rolling stock to the National Railways of Zimbabwe (NRZ) to strengthen regional integration, trade and the recapitalisation of the Zimbabwean railway programme. This transaction between a... 

JSE reports revenue, earnings drops, but declares dividend

By: Schalk Burger     21st February 2018 The Johannesburg Stock Exchange (JSE) reported a 5% drop in its revenue to R2.2-billion for the 2017 financial year and an earnings decline of 9% to R836-million, but a strong balance sheet and good cash generation led it to declare a dividend of 605c a share, which was an increase of 8%.... 

Liberty Two Degrees posts maiden full-year results

By: Dylan Slater     19th February 2018 South Africa-focused real estate investment trust (Reit) Liberty Two Degrees (L2D) on Monday posted a distribution of 59.22c a unit in its maiden full-year results.  

SA Mint new coin releases include Mandela-focused Celebrating South Africa series

By: Schalk Burger     19th February 2018 South African Reserve Bank subsidiary, the South African Mint, has announced new collectables product ranges that will appear in the global coin market this year, including the ‘Celebrating South Africa’ series, which will commemorate the life of former President, distinguished Statesman and... 

Cryptocurrencies speculative, but blockchain can bring positive disruption – S&P’s

By: Schalk Burger     19th February 2018 Global ratings agency Standard and Poor’s (S&P’s) currently views cryptocurrencies as speculative instruments that will have an “insignificant effect on global financial stability if its value were to collapse”, but that blockchain – a shared digital transaction ledger – presents an opportunity... 

Japan's steel industry urges Trump to make careful trade decision

By: Reuters     19th February 2018 Japan's steel industry said on Monday the US Commerce Department proposal to President Donald Trump to impose curbs on steel imports violate the principles of free trade, calling for Washington to make a careful and appropriate decision. The US Commerce Department recommended on Friday that Trump... 

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.  

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