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Trade News

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... 

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

‘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... 

‘Hard Brexit’ may have negative consequences for South Africa
Photo by Duane Daws
British economist Professor Peter Sinclair

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

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