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Trade

Three Itac commissioners reappointed until 2028
8th December 2023 By: Schalk Burger

Three International Trade Administration Commission of South Africa (Itac) commissioners Phozisa Mbiko, Wandile Sihlobo and Etienne Vlok, have been reappointed by President Cyril Ramaphosa as... 


An image of a sugarcane field and mill
Fund seeks to bolster regional sugar industry
8th December 2023

The Fund for Sustainable Sugar Industry Development in Africa (FSID), a private fund established by US-based private equity firm Lusitania Investment Capital (Lusitania) and its financial partners,... 


An image of a sugar refinery included in the BMG expansion programme
Expansion helps enhance efficiencies
8th December 2023

Industrial products supplier BMG relocated its regional service centre and opened two new facilities in September, with BMG KwaZulu-Natal (KZN) regional manager Keith van Wyk noting that the... 


An aerial photograph of one of the sugar cane mills under the umbrella of the South African Sugar Association
Diversification said to be key to industry’s survival
8th December 2023 By: Trent Roebeck

Despite Phase 1 of the “all-important” Sugarcane Value Chain Master Plan to 2030 (Sugarcane Master Plan) having expired on March 31, 2023, government has allowed for two additional years so that... 


A side profile image of sugarcane growing in a field
Financial support aids industry
8th December 2023 By: Trent Roebeck

To address the ongoing negative impacts and challenges posed by the Health Promotion Levy (HPL), or sugar tax, industry association SA Canegrowers, in partnership with millers from the South... 


An image of one of the dimple tubes on offer from Bosch
Tech enhances mill productivity
8th December 2023

Several sugar mills in KwaZulu-Natal have received productivity-enhancing benefits following installations of manufacturer of engineering consumables and components Bosch Projects’ new dimple tube... 


Shipping containers
Current account deficit narrows as imports slip
7th December 2023 By: Bloomberg

South Africa’s current account deficit shrank by much more than expected in the third quarter, buoyed by a surge in the trade balance as the volume of imports fell. The deficit on the current... 


A straddle carrier
Spares deal expected to boost performance of straddle carriers at congested DCT Pier 2
7th December 2023 By: Terence Creamer

Transnet Port Terminals (TPT) has concluded a seven-year agreement with four original equipment manufacturers (OEMs) for the supply of critical spares for equipment across its terminals, including... 


Merwyn Naidoo
Opinion: AfCFTA can support the development of local OEMs, unlock economic growth on the continent
6th December 2023

In this opinion article, ACTOM CEO and Manufacturing Circle chairperson Mervyn Naidoo writes about the importance of the African Continental Free Trade Agreement (AfCFTA) and how it can support the... 


An image of the Ecentric logo
Black Friday sales data reflective of consumer strain, online shopping preference – Ecentric
5th December 2023 By: Tasneem Bulbulia

Although the volume of Black Friday and Cyber Monday sales increased over this sales period, data from payment service provider Ecentric Payment Systems shows that the value of transactions and the... 


The Durban Container Terminal
TNPA seeks bidders for big berth expansion at congested Durban terminal
4th December 2023 By: Terence Creamer

The Transnet National Ports Authority (TNPA) has issued a tender for the reconstruction, deepening and lengthening of three berths at the Pier 2 North Quay of the currently congested Durban... 


Boegoebaai greenfield site
Sasol appoints adviser to search for Boegoebaai hydrogen export hub coinvestors
1st December 2023 By: Terence Creamer

A financial adviser has been appointed to assist Sasol in a search for potential coinvestors into a green hydrogen and ammonia export hub at Boegoebaai, in the Northern Cape, following the... 


Finance Minister Enoch Godongwana
Treasury says equity injection can be averted as it unveils R47bn Transnet guarantee
1st December 2023 By: Terence Creamer

A R47-billion guarantee facility, effective immediately, has been extended to struggling State-owned freight logistics group Transnet in support of its recovery plan and to meet its immediate debt... 


An image of the feed tank used for softening potable water
Gold mine receives containerised water treatment plants
1st December 2023

Endeavour Mining Corporation’s Lafigué gold mine, which is located about 120 km northeast of Bouake, in Côte d’Ivoire, has been equipped with three water treatment plants that will be fed raw water... 


An image of a cylinder manufactured by CYLINDERS4AFRICA
App streamlines filling, exchanging processes
1st December 2023 By: Trent Roebeck

South Africa’s only approved 9 kg pressure vessel manufacturer Cylinders4Africa has developed a tech-forward application (app) for various contemporary industries and sectors that rely on portable... 


An image of one of the container tanks on offer from Container World
New tanks acquired for fuel storage, transportation across Africa
1st December 2023 By: Trent Roebeck

Celebrating 40 years in business this year, South African tank and container supplier Container World last month bought 20 container tanks, which were delivered to the company’s Durban depot, in... 


hydrogen tank with solar and wind energy
Access to water, logistics infrastructure major hurdles to hydrogen economy
30th November 2023 By: Darren Parker

One of the challenges standing in the way of South Africa becoming a world-class green hydrogen producer is that South Africa is a water-scarce country, and that enormous volumes of water are... 


Shady bankers deal in front of standard bank logo
Standard Bank denies currency manipulation allegations
27th November 2023 By: Darren Parker

Financial services provider Standard Bank has denied manipulating the value of the rand and having any involvement in anticompetitive or criminal conduct, despite admitting fault before the... 


BLSA CEO Busisiwe Mavuso
South Africa needs to leverage global goodwill at COP28
27th November 2023 By: Darren Parker

The upcoming 2023 United Nations (UN) Climate Change Conference, or Conference of the Parties to the UN Framework Convention on Climate Change, more commonly referred to as COP28, will be an... 


The EU flag
Opinion: R47bn of South Africa's exports exposed to EU CBAM as EU climate wave reaches South Africa’s shores
24th November 2023

In this opinion article, sustainability consultant Rhys Newton-Hill and Brundtland Consulting partner Henk Sa provide an in-depth analysis of the potential impact of the European Union's (EU's)... 


An image showing leaders at the G20 Compact with Africa
German govt pledges €4bn to Africa’s green energy transition
23rd November 2023 By: Tasneem Bulbulia

The government of Germany has pledged to invest €4-billion up to 2030 to advance Africa’s green energy transition. German Chancellor Olaf Scholz made the announcement at a press conference in... 


Oranges packed in a box
Citrus exports lower than forecast as headwinds persist
22nd November 2023 By: Creamer Media Reporter

Southern African citrus growers packed 165.1-million cartons for delivery to global markets during the 2023 export season – an increase of about 800 000 cartons year-on-year but 500 000 cartons... 


South African Association of Freight Forwarders CEO Juanita Maree
SAAFF warns of rising port-congestion costs
22nd November 2023 By: Terence Creamer

The South African Association of Freight Forwarders (SAAFF) estimates that the current congestion at South Africa’s ports is costing at least R124-million a day in direct and indirect costs. With... 


A person holding a stack of banknotes
More than 40% of African financial institutions want single African currency – survey
22nd November 2023 By: Darren Parker

News publication African Business and the Pan-African Private Sector Trade and Investment Committee (Paftrac) have jointly launched the third yearly Paftrac Africa CEO Trade Survey, which showed... 


Seifsa president Elias Monage
Seifsa urges dtic not to extend scrap metal ban
21st November 2023 By: Creamer Media Reporter

The Steel and Engineering Industries Federation of Southern Africa (Seifsa) says it has noted with concern submissions by other entities to the Department of Trade, Industry and Competition (dtic)... 


The Durban Container Terminal
No ‘overnight’ solution to vessel congestion at Durban container terminal
20th November 2023 By: Terence Creamer

The prevailing backlog of ships at anchorage outside the country’s largest container terminal is currently forecast to be cleared only by the end of February amid persistent equipment shortages and... 


An image of BLSA CEO Busi Mavuso
BLSA CEO calls for more companies to leverage Agoa opportunities
20th November 2023 By: Tasneem Bulbulia

Many more South African companies could benefit from the African Growth and Opportunity Act (Agoa), which gives eligible countries access to US markets free of tariff barriers, business... 


An image of members of the SAB and GIBS team
Partnership drives knowledge, innovation
17th November 2023

A learning and development partnership has been established by the South African Breweries (SAB) and the University of Pretoria’s Gordon Institute of Business Science (GIBS) to equip employees with... 


Short-term outlook for trade conditions remains negative, Sacci reports
15th November 2023 By: Marleny Arnoldi

The South African Chamber of Commerce and Industry (Sacci) finds in its latest Trade Conditions Survey that the sector is facing increased pressure both in terms of current trade conditions, as... 


South Africa denies changes to farm-export rules based on race
13th November 2023 By: Bloomberg

South Africa’s government rejected reports that new regulations have been introduced to restrict farm-export quotas based on race. The Johannesburg-based City Press and Rapport newspapers reported... 


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Magazine round up | 13 December 2024
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