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Summit expected to be watershed moment for development finance in Africa
20th January 2025 By: Darren Parker

South Africa is set to host the Finance in Common Summit (FiCS) in February, marking a transformative milestone in the continent’s development finance narrative. This historic occasion coincides... 


Prosper Africa, Afreximbank partner to boost Africa-US trade
17th January 2025 By: Schalk Burger

US Agency for International Development private sector programme Prosper Africa and trade financing company African Export-Import Bank (Afreximbank) have signed a new memorandum of understanding... 


B20 co-chairperson Nonkululeko Nyembezi
B20 South Africa delegation to emphasise collaboration to tackle global challenges at WEF meeting
16th January 2025 By: Schalk Burger

A delegation from B20 South Africa will attend the upcoming World Economic Forum (WEF) annual meeting, in Davos, Switzerland, led by B20 South Africa Sherpa Cas Coovadia, along with co-chairpersons... 


US flag
US will likely be star performer amid world economic woes
16th January 2025 By: Marleny Arnoldi

The World Economic Forum (WEF) finds in its latest ‘Chief Economists Outlook’ report that only 17% of economists foresee an improvement in the global economy this year, with 56% of respondents... 


Trade expectations outpace trade activity in December – Sacci
16th January 2025 By: Schalk Burger

The trade outlook in December remained well into positive territory, but present trade activity is still in negative territory, according to business organisation the South African Chamber of... 


Treasury, SARB holding first of four G20 framework meetings this week
13th January 2025 By: Schalk Burger

The National Treasury and the South African Reserve Bank (SARB), which are jointly responsible for overseeing the work of the Group of 20 (G20) Finance Track, will start the first set of technical... 


Scrap processing
Itac expects to finalise review of scrap export regulations during first half of 2025
13th January 2025 By: Terence Creamer

International Trade Administration of South Africa (Itac) chief commissioner Ayabonga Cawe reports that a summary report relating to the commission’s review of the Price Preference System (PPS) for... 


AMSA factory
AMSA’s long-steel closure a ‘devastating’ blow to economy, SEIFSA warns
10th January 2025 By: Darren Parker

The Steel and Engineering Industries Federation of Southern Africa (SEIFSA) has expressed grave concern over ArcelorMittal South Africa’s (AMSA’s) decision to mothball its long-steel operations,... 


WEF report spotlights stagnating global cooperation, calls for leadership on shared challenges
7th January 2025 By: Tasneem Bulbulia

Global cooperation has stalled amid rising geopolitical tensions and instability, but opportunities for progress in climate finance, health and innovation could offer a glimmer of hope. This is... 


Steel coils
Itac confirms review of steel tariff structure amid ‘regrettable’ Newcastle closure
7th January 2025 By: Terence Creamer

The International trade Administration of South Africa (Itac) has confirmed that it is undertaking a review of the steel tariff structure alongside surveillance of the upstream, midstream and... 


Indonesia joins BRICS to help boost global south on world stage
Indonesia joins BRICS to help boost global south on world stage
7th January 2025 By: Reuters

Indonesia has become the newest member of the BRICS group of developing nations, in a move that could further bolster the Global South as Donald Trump’s trade policies pose risks to world economy.... 


Global Auxiliary of Companies (Global Aux) CEO Mika’il Ali Kote (centre) with the Coega Development Corporation delegation at the Coega Business Centre in Gqeberha
Coega SEZ hosts Global Aux CEO in effort to advance co-development plans
12th December 2024 By: Darren Parker

The Coega Development Corporation (CDC) recently hosted Global Auxiliary of Companies (Global Aux) CEO Mika’il Ali Kote to the Coega special economic zone (SEZ) in the Eastern Cape. Global Aux is a... 


A building carrying the HSBC logo
HSBC, World Bank's IFC launch $1bn trade finance programme for emerging markets
12th December 2024 By: Reuters

HSBC and the World Bank's International Finance Corporation (IFC) will jointly provide funding to trade transactions valued at up to $1-billion, in a move to help fill a gap in financing for... 


Department launches new entity for small businesses
10th December 2024 By: Sabrina Jardim

The Department of Small Business Development has launched a new entity, the Small Enterprise Development and Finance Agency, or Sedfa, with the aim to scale up support to small businesses or micro,... 


Buco retail store in Strijdom Park
Buco opens new store as part of larger effort to grow its Gauteng presence
6th December 2024 By: Darren Parker

Building materials and hardware supplier Buco has opened a new convenience store in Strijdom Park, Randburg. The store, which had a soft opening about two months ago, was officially  declared open... 


Main non-tariff barrier in Africa is infrastructure; potential lies in non-traditional markets
6th December 2024 By: Schalk Burger

A significant non-tariff barrier (NTB) that business in Africa faces is infrastructure deficiencies, which is hampering growth, specifically for the 16 landlocked countries in Africa that are... 


delegates celebrate the signing of the Atlanta Phambili pledge
South Africa signs pledge with Atlanta to drive US investment in South Africa
5th December 2024 By: Darren Parker

South Africa has signed a pledge with the US city of Atlanta, Georgia, to encourage increased US investment in South Africa and vice versa. The signing took place at a trade and investment seminar... 


 Unctad Secretary-General Rebeca Grynspan
World trade to hit a record this year, but outlook for 2025 is uncertain
5th December 2024 By: Schalk Burger

World trade is on track to reach a record $33-trillion this year, but risks of expanded trade wars and ongoing geopolitical challenges cast uncertainty over the outlook for 2025, says global trade... 


Super Group to sell SG Fleet to Westmann Bidco for A$641.4m
4th December 2024 By: Darren Parker

Supply chain management and logistics company Super Group’s 53.58%-owned subsidiary SG Fleet has entered into a scheme implementation deed with Westmann Bidco, an entity owned and controlled by... 


National Treasury notes Moody’s reaffirmation of South Africa’s junk status
4th December 2024 By: Darren Parker

National Treasury has noted Moody’s decision to affirm the country’s long-term foreign and local currency debt ratings at Ba2 – otherwise known as non-investment grade or junk status – and maintain... 


US President Joe Bident touched down in Luanda on Monday.
Start of Biden's visit to Angola overshadowed by son's pardon
3rd December 2024 By: Reuters

US President Joe Biden landed in Angola on Monday for a visit focused on a US-backed railway project and on the legacy of slavery, but his decision to pardon his son Hunter Biden threatened to... 


Steel being produced
Simmering steel tensions coming to boil as Newcastle mill’s survival comes under spotlight again
2nd December 2024 By: Terence Creamer

Long simmering tensions in South Africa’s steel sector appear to be coming to a boil following a joint statement by the National Union of Metalworkers of South Africa (Numsa) and ArcelorMittal... 


structural steel
Itac gets Sars to provisionally implement 52.81% duties on imported Chinese structural steel
2nd December 2024 By: Darren Parker

Pending the outcome of an investigation by the International Trade Administration Commission of South Africa (Itac) into the alleged dumping of structural steel products imported from China and... 


Hand holding a US flag
Rupert says extension of US pact vital for South Africa
29th November 2024 By: Bloomberg

Johann Rupert, chairperson and founder of Richemont, said the extension of a trade pact that gives South Africa and more than 30 other nations from the continent duty-free access to the world’s... 


Komati power station smoke stacks
Eskom, Indian power utility sign knowledge exchange MoU
28th November 2024 By: Darren Parker

Indian power generation company NTPC has signed a memorandum of understanding (MoU) with South African State-owned utility Eskom to exchange knowledge and collaborate on research and development... 


Containers at a port
Outlook for South Africa's trade, investment in 2025 mixed – PwC
27th November 2024 By: Schalk Burger

South Africa’s largest sources of foreign investment, including the US, the UK and Germany, are entering 2025 with mixed fortunes. With great uncertainty about the US economy in 2025, the economic... 


Maize crops
South Africa plans US corn-import permits as drought cuts crop
27th November 2024 By: Bloomberg

South Africa will issue import permits for genetically engineered white and yellow corn from the US after a mid-summer drought that caused 22% drop in local production. South Africa’s Department of... 


SAIA Auction Information Guide booklet cover
SAIA publishes auction information booklet to provide guidance to auctioneers, the public
26th November 2024 By: Darren Parker

The South African Institute of Auctioneers (SAIA) has published a comprehensive new booklet to simplify the auction process for buyers, sellers and the general public. The ‘SAIA Auction Information... 


United Heavy Lift Fresh berthed at the Durban Container Terminal with crowd of workers in front
Durban Container Terminal receives first shipment of new rubber-tyred gantry crane components
26th November 2024 By: Darren Parker

The motor vessel United Heavy Lift Fresh berthed at the Durban Container Terminal (DCT) Pier 1 last week to deliver the first nine of 16 Liebherr rubber-tyred gantry crane (RTG) component batches.... 


BLSA welcomes Rasool as ambassador to US, says relations in need of repair
25th November 2024 By: Schalk Burger

Business organisation Business Leadership South Africa (BLSA) CEO Busi Mavuso says the appointment of Ebrahim Rasool as the next ambassador of South Africa to the US is good news because South... 


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Magazine round up | 17 January 2025
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