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Trade News

Davies arrives in China for Brics trade and industry meetings

By: African News Agency      28th July 2017 South African Trade and Industry Minister, Dr Rob Davies, has arrived in China for the Brics Industry Ministers Meeting and Trade Ministers Meeting. The Department of Trade and Industry said on Friday that the two meetings would be preceded by officials’ meetings from the Brics countries, namely... 

Small businesses get a leg up at supplier conference

By: David Oliveira     28th July 2017 To assist the development and success of small, medium-sized and microenterprises (SMMEs) in South Africa, project delivery and engineering consultancy WorleyParsons South Africa held its Supplier Grow Conference at its offices in Melrose Arch, Johannesburg, earlier this month. WorleyParsons... 

Small businesses get a leg up at supplier conference
Photo by Duane Daws
DENVER DREYER Through dialogue, collaboration and community, we can find a common way forward

Freight of components can be tracked  

By: Victor Moolman     28th July 2017 To help control import costs and combat the volatile rand, import and working capital specialists Investec Import Solutions’ online client portal BlueLink, offers a complete end-to-end view of your entire import transaction on one platform from order placement through to delivery. 

Freight of components can be tracked
Investec Import Solutions head of corporate accounts Dr Greg Cline explains how the import industry is changing. Camerawork: Victor Moolman. Editing: Lionel da Silva.

Joffe’s Long4Life to acquire Sportsmans, Outdoor Warehouse

By: Samantha Herbst     25th July 2017 Business mogul Brian Joffe’s new investment holding company, Long4Life, which recently debuted on the JSE, has announced its intention to acquire local cash retailer Holdsport, which trades as Sportsmans Warehouse and Outdoor Warehouse. With Long4Life’s offer being implemented by way of a scheme... 

Joffe’s Long4Life to acquire Sportsmans, Outdoor Warehouse

Invicta to distribute Fenner’s products in Africa

By: African News Agency      25th July 2017 Invicta Holdings said on Tuesday that its subsidiary company, Bearing Man Group (BGM), has entered into a long-term agreement with Fenner Conveyor Belting to distribute Fenner's products in sub-Saharan Africa on an exclusive basis and on a nonexclusive basis in the rest of Africa. Invicta is an... 

SA committed to increasing trade with Zambia, says DTI minister

By: African News Agency      21st July 2017 South Africa was committed to increasing trade and addressing the trade imbalance with Zambia. This was according to South Africa’s Minister of Trade and Industry, Dr Rob Davies, ahead of a two-day Outward Trade and Investment Mission to Lusaka, Zambia, from 24-25 July. 

SA committed to increasing trade with Zambia, says DTI minister
Trade and Industry Minister Dr Rob Davies

SA committed to increasing trade with Zambia, says dti minister

By: African News Agency      21st July 2017 South Africa was committed to increasing trade and addressing the trade imbalance with Zambia. This was according to South Africa’s Minister of Trade and Industry, Dr Rob Davies, ahead of a two-day Outward Trade and Investment Mission to Lusaka, Zambia, from 24-25 July. 

SA committed to increasing trade with Zambia, says dti minister
Photo by Duane Daws
Trade & Industry Minister Rob Davies

Exhibition facilitates industrial growth in KZN

By: Robyn Wilkinson     21st July 2017 This year’s KwaZulu-Natal Industrial Technology Exhibition (Kite) will provide businesses in the province with an ideal access route to the key resources required to ramp up their operations in line with government’s extensive and ongoing investment in new manufacturing endeavours. 

Exhibition facilitates industrial growth in KZN
Photo by Bloomberg
GROWING ECONOMIC HUB Government investment in the Port of Durban will support trade stemming from the ramp-up of manufacturing activites in KZN

Casspir mine-protected vehicle continues to enjoy market success

By: Keith Campbell     21st July 2017 South African State-owned defence industrial group Denel announced early this month 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... 

UK reassures SACU about future trade relations

By: Keith Campbell     20th July 2017 The Southern African Customs Union (SACU) has welcomed the UK’s intention of preventing disruption of trade relations with other countries as it leaves the European Union (EU). This was affirmed in a Joint Statement issued by SACU and the UK following discussions between Trade Ministers from the... 

Massmart reports a slow 0.5% increase in H1 sales

By: Anine Kilian     17th July 2017 Massmart’s sales for the six months ended June 25, grew by 0.5% year-on-year to R42.5-billion. Comparable store sales decreased by 1.6% and product inflation was estimated at 3.2%. 

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... 

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

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... 

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