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Trade

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... 


A man wearing PPE and Gloves cutting sheet steel for SteelTech in Edenvale
Steel supply company offered ESD opportunity
22nd November 2024

Edenvale-based steel supplier SteelTech Trading is one of two companies that will benefit from a significant enterprise and supplier development (ESD) programme, which has been launched by Astec... 


Various types of steel in different configurations on racks
Group against scrapping scrap export tax
22nd November 2024

The electric steel producers of South Africa are calling on government to keep the export tax on scrap steel in place as it helps ensure the viability of greener domestic steel production by... 


Trade, Industry and Competition Minister Parks Tau
EU’s Carbon Border Adjustment Mechanism needs to be challenged, Tau says
20th November 2024 By: Darren Parker

Trade, Industry and Competition Minister Parks Tau has said that measures such as the Carbon Border Adjustment Mechanism introduced by the EU need to be challenged by developing economies at the... 


CDE executive director Ann Bernstein
Protectionism not the answer to South Africa’s economic problems, CDE says
20th November 2024 By: Darren Parker

Think tank the Centre for Development and Enterprise (CDE) has called for an overhaul of industrial policy to move it away from protectionism and towards a focus on maximising exports. The... 


Trade conditions still improving, but less so than before – Sacci
18th November 2024 By: Tasneem Bulbulia

Trade conditions showed slower improvement in August, coming under further pressure since then, with only about a third of respondents reporting positive trade conditions in October – a level... 


new container wagons from Galison
Lobito Atlantic Railways takes delivery of 275 new container wagons
15th November 2024 By: Darren Parker

The first batch of 275 new container wagons bought from Galison Manufacturing in South Africa has arrived in Lobito, Angola, to reinforce the transport capacity of the Lobito Atlantic Railway... 


TEHA report, dialogue underscore importance of Africa for EU investment
15th November 2024 By: Tasneem Bulbulia

Africa, and more specifically South Africa, is a vital destination for investment from European countries, delegates were told at the eleventh The European House Ambrosetti (TEHA) CEO Dialogue on... 


An image showing Columbus Steel's operation
Columbus Stainless calls for holistic govt approach to safeguard domestic steel production
15th November 2024 By: Tasneem Bulbulia

Cooperation between the South African government and the steel manufacturing industry is imperative to address the underlying economic and other issues that created the current lack of local demand... 


Port of Durban
Transaction adviser to validate strategy for Port of Durban’s liquid-bulk hub
11th November 2024 By: Creamer Media Reporter

South Africa’s Transnet National Ports Authority (TNPA) has appointed Zutari as the transaction adviser at the Island View precinct, the Port of Durban’s fuels and chemicals hub through which about... 


Soldier in Mozambique
SAAFF bemoans lethargic SADC's failure to stop Moz conflicts impacting regional economy
8th November 2024 By: Marleny Arnoldi

With more than 500 000 people having been displaced and 5 785 having died over the last seven years as conflict wages in Mozambique’s Cabo Delgado province, Southern Africa Association of Freight... 


President elect Donald Trump
Parsons concerned Trump’s victory will result in volatility, uncertainty in emerging economies
6th November 2024 By: Darren Parker

While the decisive American election mandate, which has seen Donald Trump being all but confirmed as President elect in the US, has strengthened political certainty within that country, it has... 


Suez Canal Economic Zone set for rapid expansion – chairperson
6th November 2024 By: Reuters

Egypt's Suez Canal Economic Zone (SCEZ) has invested $3-billion on infrastructure over the past few years and has plans to invest a similar amount over the next few years as it works to attract... 


Standard Chartered, UK's BII renew $350m trade finance commitment in Africa, South Asia
5th November 2024 By: Schalk Burger

Financial services firm Standard Chartered and UK development finance institution British International Investment (BII) have signed a $350-million risk participation agreement for the trade... 


BLSA CEO Busi Mavuso
South Africa should capitalise on its East and West trade ties – BLSA
4th November 2024 By: Schalk Burger

Building a stronger economy is the best way for South Africa to prepare for any internal or external shocks. While this requires the country to successfully carry out reforms, South Africa is in a... 


The Durban Container Terminal
South Africa looks to Africa and China ties as global trade fences go up
1st November 2024 By: Reuters

South Africa's trade minister said his country is pursuing more robust trade and investment ties within the continent and with China - its biggest trade partner - as the global trade environment... 


The new Seabourne Logistics comprehensive logistics facility in Kempton Park, Johannesburg
New storage, logistics facility exceeding expectations
1st November 2024 By: Halima Frost

The new premises of independent logistics service provider Seabourne Logistics, which was meant to be a 11 000-pallet capacity contemporary office and warehouse complex, is now a comprehensive... 


World needs development rethink - Unctad
30th October 2024 By: Schalk Burger

Slow growth, high debt, weak investment and the risk of fragmented trade are contributing to widespread discontent affecting developed and developing nations. Multilateral action and a revised... 


solar and wind energy
Clean energy technology market to rival crude oil market value by 2035
30th October 2024 By: Darren Parker

Based on the current policy environment, the global market for clean energy technologies is set to rise from $700-billion in 2023 to more than $2-trillion by 2035, close to the value of the current... 


Donald Trump
Trade opportunities for emerging countries to remain under a Trump Presidency, economist says
29th October 2024 By: Darren Parker

Economist Dr Larry Hatheway has predicted that Donald Trump will win the upcoming US presidential elections against Kamala Harris, which will probably encourage deglobalisation based on the former... 


South African flag with R2 coin
TIPS highlights positive second-quarter trade, investment movements
29th October 2024 By: Marleny Arnoldi

Trade & Industry Policy Strategies (TIPS) finds in its latest Real Economy Bulletin for the second quarter of the year that GDP increased by 0.4% year-on-year, against population growth of 1.3%... 


sugar pile
Sugar industry calls for Godongwana to honour his commitment to reassess sugar tax
28th October 2024 By: Darren Parker

In an open letter, several sugar industry associations have called on Finance Minister Enoch Godongwana to honour a commitment he made in his 2023 Budget, where he announced that consultations... 


Standard Bank behavioural science and innovation head Shalia Naidoo
Evolving retail landscapes call for greater emphasis on convenience, consumer experience
25th October 2024 By: Sabrina Jardim

Amid evolving consumer trends in the retail space, physical retail has witnessed a resurgence in recent years, while online shopping has decreased globally this year, Standard Bank behavioural... 


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