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Trade News

‘Hard Brexit’ may have negative consequences for South Africa

By: Terence Creamer     18th May 2017 British economist Professor Peter Sinclair warns that a so-called “hard Brexit” could have negative spill over consequences for South Africa, which has strong economic ties not only with the UK, but also several countries in the European Union (EU) that could be negatively affected by such and... 

South Africa’s Agoa eligibility likely to come under pressure before 2025, trade expert warns 

By: Terence Creamer     17th May 2017 A leading trade expert is urging those South African businesses currently benefiting from preferential market access to the US under the Africa Growth and Opportunity Act (Agoa) to begin to “wean” themselves off such benefits, owing to the increased risk of those preferences being revoked ahead... 

South Africa’s Agoa eligibility likely to come under pressure before 2025, trade expert warns
Tutwa Consulting Group MD Peter Draper

New block-making business trailer at Nampo Harvest Day show

By: Victor Moolman     12th May 2017 Block making machine manufacturer Hydraform will be launching the new M9 business on a trailer block making machine at Nampo Harvest Day show to be held from May 16 to 19, in the Free State. Hydraform marketing coordinator Ryno Saayman explains that while the M9 business on a trailer block making... 

Court ruling means new approach needed for SA’s nuclear programme

By: Keith Campbell     12th May 2017 The South African Nuclear Energy Corporation (Necsa) called for “caution and common sense” in the press release it issued on April 28 in response to the Western Cape High Court judgement on April 26, which set aside as unconstitutional and unlawful certain policy decisions and intergovernmental... 

Eastern Cape sets sights on becoming Africa’s leading fuel bunkering centre

By: Mia Breytenbach     12th May 2017 Following the successful introduction of a deep-sea bunkering service off the coast of  Port Elizabeth, in the Eastern Cape, the province has set itself the target of being the leading bunkering stopover in Africa, states Eastern Cape MEC for Rural Development and Agrarian Reform Mlibo... 

Eastern Cape sets sights on becoming Africa’s leading fuel bunkering centre
Photo by Duane Daws
TARGETING OPPORTUNITIES The Eastern Cape province is targeting liquid fuels, bunkering services and biofuels, gas-to-power generation and a commercial and industrial gas industry

‘Dynamite’ GDP growth comes in small private-equity investment packages

By: David Oliveira     12th May 2017 According to a report by economic advisory service provider The Economist Corporate Network (ECN) every 0.01% increase in private equity (PE) investment penetration into Africa’s gross domestic product (GDP) would inject an incremental $1.1-billion investment over the next five years, providing a... 

SAA wins another air freight award

By: Keith Campbell     11th May 2017 In some good news for national flag carrier South African Airways (SAA), the company’s air freight division, SAA Cargo, has been voted the Best Cargo Airline – Africa at the 2017 Air Cargo Airline of the Year Awards. The voting was done by readers of “Air Cargo News”. “We are very proud to have... 

SAA wins another air freight award
Cargo is loaded into the belly hold of an SAA airliner at Johannesburg’s OR Tambo International Airport

Trade conditions remain muted as peripheral matters weigh

By: Megan van Wyngaardt     11th May 2017 Local trade conditions have remained in negative territory in April, with the South African Chamber of Commerce and Industry’s (Sacci’s) Trade Activity Index (TAI) weakening further to 45 from 46 in March. The index has remained below the neutral 50-point level since October 2016. 

Report identifies key areas for growth in Africa

By: Robyn Wilkinson     5th May 2017 Well-balanced economies that have shown steady performance over an extended period present key opportunities for growth and development in Africa, while those with high political risk will continue to fail to instill confidence in foreign direct investors, says trade credit insurer Coface. 

Intra-African trade and investment to drive long-term development

By: Robyn Wilkinson     5th May 2017 While the current reality is that many African countries have become reliant on foreign direct investment (FDI) to implement their development plans, the longer-term goal should be for these countries to become self-sufficient, says Thomson Reuters Africa corporates and partnerships head Kamal... 

Intra-African trade and investment to drive long-term development
PROMOTING ECONOMIC GROWTH African countries need to become more self-sufficient, relying on a network of neighbouring countries and regional trade blocks to support their growth

African Utility Week organisers clinch four awards

     5th May 2017 Cape Town-based trade exhibition and conference organiser Spintelligent, which owns and organises the African Utility Week, has won four major awards at the Respect, Opportunities, Achievement, Recognition (Roar) Organiser and Exhibitor Awards, which took place in Johannesburg on January 26. The... 

African Utility Week  organisers clinch  four awards
AWARD WINNING EVENT African Utility Week is the joint winner in the Best Trade Exhibition 6 001 m2 to 12 000 m2 category

Drought has exposed SA’s poor water management

     5th May 2017 The drought, which has impacted many regions within South Africa for a considerable length of time, has exposed the poor – or in some cases lack of – water management ability of many water institutions, as well as the difficulties and inability of municipalities and their consumers to reduce... 

Drought has exposed SA’s poor water management
Photo by Duane Daws
HARSH TRUTHS Drinking water and wastewater utilities in Africa are struggling to cope with the increasing demand for services

Internship academy launches young professionals platform

     5th May 2017 In response to the youth unemployment epidemic on the African continent, internship facilitators  Africa Internship Academy (AIA), will be launching its Young Energy and Power Professionals (YEPP) platform at the 2017 African Utility Week, which takes place at the  Cape Town International... 

Internship academy launches young professionals platform
NURTURING POTENTIAL The launch intends to establish a network of graduates attempting to solve Africa’s power and energy issues

Portable power and solar solutions manufacturer to launch in SA

By: Mia Breytenbach     5th May 2017 US-based portable power and solar manufacturer Goal Zero will launch its product range in South Africa through local multichannel distributor Wintec Solutions this month. Goal Zero has been developing a line of sustainable portable power solutions and lighting accessories since 2010, with its... 

Portable power and solar solutions manufacturer to launch in SA
Photo by Goal Zero
PORTABLE POWER Goal Zero’s product range includes the Boulder 100 solar panel and Yeti 400 generator

Air cargo traffic sees a strong start to the year

By: Keith Campbell     5th May 2017 The International Air Transport Association (IATA) has reported that year-on-year air freight growth, measured in freight ton kilometres (FTKs), made a strong start during the first quarter of this year, amounting to an 8.2% increase. “Business surveys point to another quarter of robust annual... 

Company to extend financial services into East and West Africa

By: Robyn Wilkinson     5th May 2017 As part of its strategic ambition to position itself as a leading Pan-African financial services leader, specialised financial services group Alexander Forbes is exploring opportunities for expansion in East and West Africa, as well as further afield in greenfield countries such as Morocco. 

Economic uncertainty affects African imports

By: Robyn Wilkinson     5th May 2017 As global economic volatility places pressure on importers in many African countries, more businesses are investigating the option of trade finance, currently regarded as a broader import finance solution rather than just a transactional one, says South African import transaction specialist... 

Economic uncertainty affects African imports
ADAM ORLIN Companies cannot afford to fall into a routine when it comes to the latest market developments

Wireless communication to drive economic growth in Africa

By: Robyn Wilkinson     5th May 2017 Large-scale information communication technology (ICT) investment can play a crucial role in fuelling gross domestic product growth through increased economic activity, innovation and productivity, but government, the private sector, donors and civil society need to take bolder steps to... 

Wireless communication to drive economic  growth in Africa
IMPROVED CONNECTIVITY Foreign direct investment and improvements to telecommunications infrastructure have spurred a boom in information communication technology spending in Africa

Portfolio committee disappointed in retailer no-show at meeting to discuss poultry prices

By: Creamer Media Reporter      2nd May 2017 Parliament’s Portfolio Committee on Trade and Industry on Tuesday said it was considering summoning retailers using the Rules of Parliament, after several retailers did not attend a meeting to provide insights on how pricing and mark-ups of poultry products occur in their companies. Some of the... 

AfDB approves $253m for Uganda–Kenya connecting road upgrades

By: Mia Breytenbach     28th April 2017 The African Development Bank Group (AfDB) has approved $253-million in loans to the governments of Kenya and Uganda for the upgrading of a 118 km road section connecting the two countries and construction of the 32km Eldoret town bypass, in Kenya. Kenya will receive $147.3-million and Uganda... 

AfDB approves $253m for Uganda–Kenya connecting road upgrades
Photo by Bloomberg
SPEEDY ACCESS Upgrading of the road will reduce the travel time from Kapchorwa to Suam, in Uganda, from 4 hrs to 1.5 hrs and from Suam to Kitale, in Kenya, from 1.5 hrs to 45 min

Western Cape to grow business ties with incoming French government

By: African News Agency      25th April 2017 The Western Cape Investment and Trade and Promotion Agency (Wesgro) said on Monday it was closely monitoring the remaining leg of the first round of France’s most contested and controversial election with the aim of growing business ties with France and the European Union (EU). Widely considered... 

Sacu makes formal request to initiate post-Brexit trade talks with UK 

By: Terence Creamer     21st April 2017 South Africa’s Trade and Industry Minister Dr Rob Davies reports that the Southern African Customs Union (Sacu) has written a letter to the UK government formally requesting the initiation of talks on the terms of the bilateral trade relationship that will be put in place when Britain exits the... 

Sacu makes formal request to initiate post-Brexit trade talks with UK
Photo by Duane Daws
Trade and Industry Minister Dr Rob Davies

Bunkers improve product quality

     21st April 2017 Dutch axial control valve manufacturers Mokveld Valves BV has recently commissioned two new test bunkers for testing critical, high quality valve systems – used in process control applications for the oil and gas industries – thereby improving the quality and safety of the system. Mokveld, whose... 

African and global air freight and passenger traffic rose in February

By: Keith Campbell     21st April 2017 The growth in demand for air freight, measured in freight-tonne-kilometres (FTKs), in Africa increased by more than 10% in February, in comparison to February last year. African air passenger traffic, measured in revenue-passenger-kilometres (RPKs) jumped 7.1% over the same period. This has been... 

Pressure, temperature transmitter launched for downhole applications

     21st April 2017 Last month, US-based Emerson Automation Solutions introduced the Paine 328-12-0010 pressure and temperature data logger and digital transmitter for process measurement and data logging in downhole drilling applications. The company notes that downhole drilling operators need to measure pressure... 

Pressure, temperature transmitter launched for downhole applications
PAINE 328-12-0010 It measures pressure and temperature with full-scale accuracy of about 0.05% and is able to withstand operating temperatures from -40 °C to 175 °C

Temperature transmitter ideal for numerous industries

By: Nadine James     21st April 2017 The DT722 relative humidity and temperature transmitter is ideal for the chemicals, food and beverage, as well as heating, ventilation and air conditioning (HVAC) industries because it offers accurate, stable measurement and control of humidity and temperature, says instrumentation and... 

Temperature transmitter ideal for numerous industries
VERSATILITY PERSONIFIED DT722 is suitable for measuring temperature and humidity in any controlled environment

Container handling equipment well suited to African market

By: Nadine James     14th April 2017 Container handling equipment solutions provider Mobicon Systems’ mini straddle carriers have achieved significant success in African markets, specifically because of their low maintenance requirements, which ensure consistent functionality with minimal technical support, says materials handling... 

Container handling equipment well suited  to African market
COMPACT CONTAINER CARRIER The Mobicon 2T can carry containers safely inside a building, and under awnings to save operation time

Company seizes opportunities in power sector

By: Nadine James     14th April 2017 Many utility power plants are approaching the end of their design life, with engineers conducting life extension studies for boilers and related auxiliary equipment. To accommodate a changing operating environment, redesigning components and equipment to replace those which have reached the end... 

Company seizes opportunities in  power sector
VERSATILE OFFERING Steinmüller Africa offers turnkey solutions for header-type, tube sheet-type, shell and tube heat exchangers

HFO plant’s commissioning process under way

By: Nadine James     14th April 2017 Specialised oil and gas equipment supplier Energas Technologies started the commissioning process last month for the heavy fuel oil (HFO) storage facility it specifically designed for multidisciplinary engineering firm DRA Global. Energas’s scope for the project included the fabrication,... 

HFO plant’s commissioning process under way
HIGH FUEL OIL FACILITY he contract for the HFO storage facility design was was awarded to Energas in June 2016

Brazil again turning to private sector to undertake key infrastructure projects

By: Keith Campbell     14th April 2017 With the country slowly emerging from its worst recession in decades, with Federal Government spending now frozen, in real terms, by law, for the next 20 years, Brazil is again looking to the private sector to undertake or help undertake key infrastructure projects. Up to the mid-1990s nearly all... 

Kenyan fabricator enters partnership with welding institute

     14th April 2017 The Southern Africa Stainless Steel Development Association (Sassda) facilitated a visit for Kenya-based stainless steel fabricator Desbro Engineering to several South African counterparts, resulting in a training partnership between Desbro and the South African Institute of Welding (SAIW).... 

Kenyan fabricator  enters partnership  with welding institute
LESLEY SQUIRES South Africa needs to look at partnership opportunities which encourage investment in manufacturing and infrastructure

DTI approves R4.9bn in incentives for clothing, textile sector

By: Creamer Media Reporter      6th April 2017 South Africa’s clothing and textile sector has saved thousands of jobs with the assistance of the Department of Trade and Industry’s (DTI’s) production incentives programme within the Clothing and Textiles Competitiveness Programme. The DTI approved R4.9-billion in incentives, with more than... 

Shipping group expects SA auto exports to continue to grow

By: David Oliveira     31st March 2017 Shipping group Safmarine believes the immediate outlook for automotive exports from South Africa is positive in light of ongoing investments by established and emerging original-equipment manufacturer (OEMs). Safmarine global key account manager Dave Everett notes that sector attracted major... 

UK committed to developing R&D and trade with South Africa

By: Keith Campbell     31st March 2017 The British Government has assigned up to £35-million from its Prosperity Fund to South Africa. This money will be disbursed over the remaining period of the current UK Parliament (that is, until 2020). This was pointed out by outgoing British High Commissioner to South Africa, Dame Judith... 

DTI sets aside R15bn for new investment in incentives

By: Natasha Odendaal     29th March 2017 The Department of Trade and Industry (DTI) has set aside R15-billion for projected investments across all incentives, and the entire budget for the new financial year is to be spent on efforts to industrialise the country and broaden the manufacturing sector, as reflected in its performance... 

Brazil is re-emphasising privatisations

By: Keith Campbell     28th March 2017 With the country slowly emerging from its worst recession in decades, with federal government spending now frozen, in real terms, by law, for the next 20 years, Brazil is again looking to the private sector to undertake or help undertake key infrastructure projects. Up to the mid-1990s nearly all... 

Agriculture department prefers 'measured approach' to poultry industry crisis

By: African News Agency      23rd March 2017 The department of agriculture preferred a more measured approach to dealing with the crisis in the South African poultry industry as opposed to the “trade war” with the European Union proposed by the Food and Allied Workers Union (Fawu), MPs were told on Wednesday. “As a department our view that... 

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