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Trade News

South African Brian Joffe's Long4Life buys a beauty salon chain

By: Reuters     14th July 2017 Brian Joffe, one of South Africa's most respected dealmakers, will buy a beauty salon chain, his new company Long4Life said on Friday, marking a return to the acquisition trail for the billionaire founder of industrial conglomerate Bidvest Group. The cash-and-share deal would be the second... 

Focus on niche applications, aftersales key for air motor market

By: Nadine James     14th July 2017 The air motor market has a directly proportional relationship to the economy, subsequently making aftersales support and services key focus areas for industrial product supplier Actum Group, says Actum’s Deprag product leader Herman Parsons. This focus, combined with Actum’s approach of providing... 

Focus on niche applications, aftersales key for air motor market
POWER LINE ATEX RANGE The motor complies with European Union Parliament directive 2014/34/EU on equipment and protective systems intended for use in potentially explosive atmospheres

Greener rotary compressor can deliver savings exceeding 20%

     14th July 2017 Compressor engineering firm Lontra founder Steve Lindsey devised a more efficient, oil-free rotary compressor that offers a greener solution to traditional compression technology, able to deliver energy savings of more than 20%. His efforts gained recognition of the European Patent Office (EPO)... 

Greener rotary compressor can deliver savings exceeding 20%
STEVE LINDSEY The founder of Lontra was nominated and shortlisted as a finalist at the 2017 European Inventor Awards

New pumps suited to packaging, food and beverage industries

     14th July 2017 In May, sustainable productivity solutions provider Atlas Copco announced that it had extended its range of variable speed drive (VSD) vacuum pumps with the addition of three models offering flow rates up to 5 004 m3/h. The new GHS 3800-5400 VSD+ rotary screw pumps are particularly suited for... 

New pumps suited to packaging, food and  beverage industries
GHS VSD ROTARY SCREW PUMP The range provides significantly higher performance levels and reduced maintenance, noise and heat emissions compared to conventional oil-sealed and dry vane vacuum pumps

New variable-speed drive showcased at European expo

     14th July 2017 Last month multinational industrial machinery manufacturer Voith exhibited power industry  solutions at the POWER-GEN Europe 2017 conference and exhibition, and  one of the main features was its new variable speed drive (VSD), the VECO-Drive, intended to enhance the efficiency of rotating... 

New variable-speed  drive showcased  at European expo
DRIVING FORCE The VECO-Drive increases input speed and generates a high output speed for compressors or pumps

Pipeline expansion project completed in February

     14th July 2017 In February, high-end and specialised equipment supplier Energas Technologies announced that it had completed a commission to design and supply a mobile heater skid to a budgeted $210-million pipeline expansion project. The project was commissioned by engineering firm VGI Consulting Africa, on... 

Pipeline expansion project  completed in February
UNDER PRESSURE The new line was filled and pressurised from atmospheric pressure to a line pack pressure of 116 Bar

Troubleshooting device eases, enables priority maintenance

     14th July 2017 The Fluke 810 – manufactured by industrial testing equipment manufacturer Fluke – is one of the most advanced troubleshooting instruments available for vibration testing, enabling maintenance teams to rapidly collect data and diagnose and solve mechanical problems. Fluke, represented locally by... 

Troubleshooting device eases, enables priority maintenance
FLUKE 810 The Fluke 810 uses a set of advanced algorithms to produce a plain-text diagnosis of the machine with a recommended solution

Gigaba tables economy action plan, reopens mining charter engagement 

By: Natasha Odendaal     13th July 2017 Finance Minister Malusi Gigaba on Thursday unveiled a series of aggressive planned interventions and action steps to stimulate economic recovery after South Africa’s fall into recession in the first quarter. His address revealed two main desired outcomes – dodge another downgrade and reignite... 

Gigaba tables economy action plan, reopens mining charter engagement
Finance Minister Malusi Gigaba

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

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