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Trade News

South Africa signs tripartite free trade agreement

By: Anine Kilian     10th July 2017 South Africa last week signed the agreement establishing the Tripartite Free Trade Area (TFTA) during a meeting of the tripartite Sectoral Ministers Committee in Kampala, Uganda. The meeting was attended by the trade Ministers and officials from the Common Market for Eastern and Southern Africa... 

Musina intermodal terminal expected to improve cross-border trade

By: Schalk Burger     7th July 2017 The Musina Intermodal Terminal (MIT), launched in June, is set to reduce the cost of cross-border trade, especially for bulk commodities, on the North-South trade corridor. The terminal, about 3 km outside Musina and about 13 km from the Beitbridge border post, will serve to move commodities,... 

Musina intermodal terminal expected to improve  cross-border trade
Photo by Duane Daws
SARS XRAY SCANNER A customs cargo X-ray scanner scans a truck at the Beitbridge border post

Britain to keep preferential access for poor countries, post-Brexit

By: Keith Campbell     7th July 2017 The British Government has publicly committed itself to maintaining duty-free access to British markets for the world’s least-developed countries (LDCs, as defined by the United Nations) following the UK’s departure from the European Union (EU). London further expressed a desire to increase trade... 

Zwane clarified definition of ‘black person’ with DTI before publishing Mining Charter 

By: Megan van Wyngaardt     6th July 2017 Although the Department of Mineral Resources did not have any consultation with the Broad-Based Black Economic Empowerment (BBBEE) Commission before publishing the Reviewed Mining Charter, it did consult with the Department of Trade and Industry on the definition of a black person. This was... 

Zwane clarified definition of ‘black person’ with DTI before publishing Mining Charter
Photo by Duane Daws
Trade and Industry Minister Dr Rob Davies

Minister Davies to attend TFTA negotiations in Uganda

By: Megan van Wyngaardt     6th July 2017 A Tripartite Committee of Sectoral Ministers meeting, in Kampala, Uganda, set to start on Friday, will provide an update to the continent’s Ministers on the progress achieved in the Tripartite Free Trade Area (TFTA) negotiations. The TFTA marks an important step in promoting regional integration... 

Casspir mine protected vehicle continues to enjoy market success

By: Keith Campbell     5th July 2017 South African State-owned defence industrial group Denel announced on Wednesday that 21 of its Casspir NG2000 mine protected vehicles were ready for handing over to an African customer, completing an order for 45 of the vehicles. The first batch of 24 was delivered to the customer in December... 

Casspir mine protected vehicle continues to enjoy market success
Photo by Denel
The completed Casspirs lined up, ready for delivery

Sephaku lifts FY17 profit despite challenging economic environment

By: Ilan Solomons     30th June 2017 JSE-listed minerals exploration, development and investment company Sephaku Holdings’ (SepHold’s) net profit increased by 12.8% year-on-year to to R68.1-million for the year ended March 31, despite its revenue having decreased to R839.9-million on the back of lower prices and reduced demand in... 

Sephaku lifts FY17 profit despite challenging economic environment
Photo by Duane Daws
Sephaku Holdings CEO Dr Lelau Mohuba

Strong South African air traffic growth forecast

By: Keith Campbell     30th June 2017 The International Air Transport Association (IATA) has forecast that the number of air passenger journeys to, from and within South Africa will more than double from the 23.6-million last year to more than 54-million by 2036. This will be the result of an average annual growth rate in the... 

DTI to implement policy interventions to curb poultry industry losses

By: Megan van Wyngaardt     28th June 2017 Rather than make findings on the current state of the poultry industry and the ongoing challenges it faces owing to the dumping of imported chicken products, the Department of Trade and Industry (DTI), together with the government-led Poultry Task Team, which was established in January, would... 

Govt launches R1bn agroprocessing investment support programme

By: Megan van Wyngaardt     28th June 2017 Government’s R1-billion agroprocessing support scheme (APSS), aimed at supporting brown- and greenfield investments in the local industry, was launched by Trade and Industry Minister Dr Rob Davies at the Africa Big 7 Food Forum and Saitex, in Midrand, on Wednesday. The APSS further seeks to... 

EAC-Sacu tariffs negotiations to conclude by end-July

By: Natasha Odendaal     27th June 2017 The tariff schedule negotiations under the free trade agreement (FTA) between partners in the East African Community (EAC) and the Southern African Customs Union (Sacu) are expected to be concluded by the end of July. The tariff schedules were an important, commercially meaningful step towards... 

Musina Intermodal Terminal to improve cross-border trade

By: Schalk Burger     26th June 2017 The Musina Intermodal Terminal (MIT), launched on Monday, is set to reduce the cost of cross-border trade, especially for bulk commodities, on the North-South trade corridor. The terminal, about 3 km outside Musina and about 13 km from the Beitbridge border post, will serve to move commodities,... 

Musina Intermodal Terminal to improve cross-border trade
Photo by Duane Daws
Trade and Industry Minister Dr Rob Davies is taken on a tour of the Beitbridge Border Post on Monday

High Commissioner ‘seized’ with avoiding post-Brexit trade interruption with South Africa

By: Terence Creamer     23rd June 2017 British High Commissioner to South Africa Nigel Casey says he is currently “very seized” with ensuring that measures are put in place “timeously” to guarantee no interruption in the trade relationship between the UK and South Africa when Britain leaves the European Union (EU) on March 29, 2019.... 

High Commissioner ‘seized’ with avoiding post-Brexit trade interruption with South Africa
High Commissioner to South Africa Nigel Casey

Local defence sector seeks strategic support from government

By: Keith Campbell     23rd June 2017 Pre-Cabinet level discussions are under way within the Government about transferring State-owned defence industrial group Denel from the aegis of the Department of Public Works to that of the Department of Defence (DoD). This was stated by Defence Secretary Dr Sam Gulube at a recent function... 

Infrastructure development key to accelerating growth, Gama avers 

By: Mia Breytenbach     23rd June 2017 Industrialisation and the provision of infrastructure will accelerate Africa’s economic growth, says State-owned logistics provider Transnet CEO Siyabonga Gama. Speaking at the International Heavy Haul Association (IHHA) Conference promotion breakfast, in Johannesburg, earlier this month, he... 

Infrastructure development key to accelerating growth,  Gama avers
SIYABONGA GAMA We need to make sure that Africa’s share of global trade continues to grow

Stenprop mulls London listing as it pursues UK prospects

By: Mia Breytenbach     23rd June 2017 Following the acquisition of a portfolio of 25 multilet industrial (MLI) properties in the UK earlier this month, JSE-listed property investment company Stenprop is  considering the merits of a conversion to real estate investment trust status, as well as a possible listing on the LSE. The... 

Stenprop mulls London listing as it pursues  UK prospects
Photo by Bloomberg
ATTRACTIVE MARKET Stenprop earlier this month announced the £130.5-million acquisition of a portfolio of multilet industrial (MLI) properties in the UK

Drive supplier remains committed to continent

By: Nadine James     23rd June 2017 German drive engineering group SEW Eurodrive remains committed to Africa despite political and economic instability in parts of the continent, says local subsidiary SEW Eurodrive South Africa (SA). SEW Eurodrive SA MD Raymond Obermeyer says while the political upheaval and economic uncertainty... 

Joint venture to boost localisation and skills development

By: Nadine James     23rd June 2017 STEAG EOH Energy Services, a strategic joint venture (JV) – formed in February by JSE-listed technology solutions provider EOH and German energy group STEAG Energy Services – has been actively pursuing opportunities in the local energy market, while identifying areas for localisation and skills... 

S Africa’s attractiveness to investors dependent on economic recovery

By: Nadine James     23rd June 2017 South Africa’s attractiveness to foreign investors in the future will depend a great deal on how it recovers from its latest economic knocks and political and policy developments, warns the Southern African-German Chamber of Commerce and Industry (SAGCCI). SAGCCI CEO Matthias Boddenberg explains... 

S Africa’s attractiveness to investors dependent on economic recovery
RESOLUTE RELATIONSHIP German businesses have deep roots in South Africa and are unlikely to pull out any time soon

Blanket increases in import duty put industry under pressure

By: Robyn Wilkinson     23rd June 2017 Although the implementation of a hot-rolled coil (HRC) safeguard duty in South Africa aims to protect and support the local steel manufacturing industry, its unintended consequences for downstream customers are placing further pressure on an economy already under stress, says fastener products... 

Blanket increases in import duty put industry under pressure
ENSURING PRETENSION FORCE The HEICO-TEC Tension nut has been developed for applications where it is difficult to use a pneumatic, electric or hydraulic tool to tighten the nut

Bolting technology supplier establishes base in South Africa 

By: Nadine James     23rd June 2017 German bolting technology company ITH officially opened its South African office in October last year, in order to service long-standing customers based in Africa, while also looking to expand geographically and grow its customer base and market share, says ITH South Africa GM Gys Nell. “We... 

Bolting technology supplier establishes base in South Africa
ITH South Africa GM Gys Nell discusses the background, aims and offering of the ITH group. Camerawork and Editing: Nicholas Boyd.

Robo-adviser investment solution launched in SA

By: Schalk Burger     16th June 2017 Independent low-cost investment platform Itransact has launched a robo-advisor investment tool in South Africa that anyone can use to invest in exchange-traded funds- (ETF-) based market portfolios, says Itransact head Lance Solms. The ItransactGO solutions can be accessed on Itransact’s main... 

Robo-adviser investment solution launched in SA
LANCE SOLMS ItransactGO creates personal low cost investment portfolios or retirement annuities that track the market and automatically rebalance

Deteriorating trade conditions will contribute to higher unemployment – Sacci

By: Megan van Wyngaardt     14th June 2017 Trade conditions remained in negative territory in May, the South African Chamber of Commerce and Industry (Sacci) said on Wednesday, with its Trade Activity Index at 49. While this was an improvement on the 45 recorded in April, Sacci raised concerns about the index remaining below the neutral... 

Deteriorating trade conditions will contribute to higher unemployment – Sacci

DTI, UNDP collaborate to promote intraregional trade

By: Megan van Wyngaardt     12th June 2017 The Department of Trade and Industry (DTI) and the United Nations Development Programme (UNDP) have signed a memorandum of understanding (MoU) to implement the Centre for Trade and Regional Industrialisation’s programmes. The Pretoria-based centre, launched by Trade and Industry Minister Dr Rob... 

Lean technology approach helps mattress manufacturer remain competitive

By: Dylan Slater     9th June 2017 Langlaagte-based sleep products manufacturer the Bravo Group’s Sleep Factory attributes its lions’ share of the domestic premium sleep products market to an adoption of low technology processes, low levels of automation and, instead relying on a large labour-intensive workforce and refined... 

Lean technology approach helps mattress manufacturer remain competitive
Photo by Duane Daws
LOW-TECH APPROACH The Sleep Factory relies on a highly-skilled workforce, capable of easily switching between the manufacture of many different types of sleep products

Connectivity – the next step for rail

By: Marleny Arnoldi     2nd June 2017 With the advent of the Internet of Things (IoT), it has become a necessity for commuters to be connected, and it is also essential for increased operational efficiency in railway networks. This connectivity can be achieved through WiFi networks, which are heading towards being a prominent... 

Connectivity  – the next step for rail
RIAAN GRAHAM An upcoming trend in the rail industry is cybersecurity, which is paramount when introducing a public Internet connectivity domain

Digital technology influences rail industry positively

By: Marleny Arnoldi     2nd June 2017 Rail infrastructure in South Africa is trending towards smart digital technologies that will influence the industry positively, says consulting engineers company Aurecon. “The integrated three-dimensional (3D) designs used particularly in South Africa are being used to plan and model rail... 

Digital technology influences rail  industry positively
FRANCOIS HEYNS It is not necessarily a case of building more infrastructure, but rather improving the efficiency of existing railways

On track for Africa Rail

By: Marleny Arnoldi     2nd June 2017 This month, business-to-business media company Terrapinn will host the twentieth annual Africa Rail exhibition and conference at the Sandton Convention Centre in Johannesburg, Gauteng, from June 13 to 14. Africa Rail provides an interactive platform for rail industry stakeholders to share... 

On track for Africa Rail
INCLUSIVE GROWTH Africa Rail provides an interactive platform for rail industry stakeholders with the view to improve railway performance and its contribution to economic development

Cape Town to host supply chain jamboree

By: Dylan Slater     2nd June 2017 Supply chain operations management association Sapics will focus on ‘Business Unusual’ for its upcoming yearly Sapics conference and exhibition for supply chain professionals, whereby delegates will be equipped to meet challenges linked to factors such as poor infrastructure and political... 

Cape Town to host supply chain jamboree
MUNGO PARK The impact of poor infrastructure, political uncertainty and a skills shortage crisis require supply chain management to be acknowledged at executive level

Call for business to integrate enterprises into supply chains

     26th May 2017 Although both the public and private sector continue investing significant amounts in enterprise and supplier development, many of these efforts remain focused on small, medium-sized and microenterprises (SMME’s), says TSK Group FD Thuso Koboyatau. He states that, “In an environment such as South... 

Call for business to integrate enterprises into supply chains
Photo by Duane Daws
NEW FOCUS MAY SAVE CONSTRUCTION Qualifying small enterprise have been somewhat neglected, but could be key to addressing South Africa’s socioeconomic problems

$100-million loan for African infrastructure spending

By: Nadine James     26th May 2017 The Development Bank of Southern Africa (DBSA) and the Agence Française de Développement (AFD) in March signed a $100-million loan agreement aimed at furthering the DBSA’s infrastructure financing activity across Africa. This flexible credit line will focus on DBSA’s four strategic sectors:... 

Earthworks for 42 500 m2 office to start in August

     26th May 2017 Bulk earthworks for the 42 500 m2 property that hosts auditing and consulting firm Deloitte South Africa’s new Gauteng office is excepted to start in August, with construction expected to start in the fourth quarter of this year. Property development company Atterbury announced last month that it... 

Earthworks for 42 500 m2 office to start in August
ULTRA MODERN The premises has capacity for about 5 000 people and will consolidate Deloitte’s current Woodmead and Pretoria offices in a single central location

Range of power transmissions showcased at fair

     26th May 2017 At the seventh edition of the yearly Italian Automation Fair (SPS Italia), held in Parma from May 23 to 25, a number of power transmission components companies showcased a range of power transmission and motion control solutions. 

New torque limiter sizes added to developer’s range

     26th May 2017 Power transmission component developer KTR has extended its line of lightweight torque limiters overload couplings by adding two new sizes. 

Civil work, settlement agreement position company for future growth

By: Nadine James     26th May 2017 A minuscule uptick in civil tenders, private sector projects and a recent development agreement with a multinational construction group have ensured that emerging construction group Motheo Construction is well positioned for future growth. One of the project’s the group has secured is the... 

Civil work, settlement agreement position  company for future growth
ARCHIE RUTHERFORD The canning factory project started in November 2015, following the joint venture agreement to establish Gayatri Cans

Planned infrastructure development presents milling opportunities  

By: Nadine James     26th May 2017 The planned and ongoing infrastructure development taking place locally and on the rest of the continent presents opportunities for securing work for civil and road infrastructure projects, says road milling company Road Milling and Sweeping (RMS). “The number of planned infrastructure projects... 

Planned infrastructure development presents milling opportunities
Road Milling and Sweeping GM Lesley Kafka discusses the company’s business objectives and relationship with equipment supplier Wirtgen. Camerawork: Nicholas Boyd. Editing: Lionel da Silva.

Work-based experience for graduate interns

By: Mia Breytenbach     26th May 2017 Technology ecosystem company Resolution Circle has welcomed 115 South African graduates to its graduate internship programme, which aims to develop them into high-quality, employable individuals that can excel in South Africa’s economy. Resolution Circle, an ‘idea-to-barcode’ ecosystem that... 

Work-based experience  for graduate interns
GAINING EXPERIENCE Resolution Circle’s internship will provide the 115 participants with practical skills in decision making and client services

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