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Trade

An image of one of the Hinen H6000E inverter
Company brings battery products to Africa
3rd November 2023 By: Trent Roebeck

Following three successful exhibitions in Kenya, Nigeria and South Africa, energy storage battery products producer Hinen has introduced its products to the African continent in 2023. The Hinen... 


a photo of the outside of Seabourne's new facility
New warehouse to bolster logistics provider’s position in sector
3rd November 2023

Independent logistics service provider Seabourne Logistics announced in September that it would be moving into a new, “expansive” facility in Gauteng, South Africa. The new 22 000 m2 premises... 


Containers at port
Africa-US trade programme needs at least 10-year extension, AU says
2nd November 2023 By: Reuters

Africa wants the US Congress to renew its flagship trade programme for the continent for at least 10 years, the African Union's top trade official said on Thursday, adding that any modifications to... 


Standard Bank lauds potential of Agoa, AfCFTA
2nd November 2023 By: Tasneem Bulbulia

The African Growth and Opportunity Act (Agoa) is a pivotal agreement between the US and Africa to support and help grow African industries and markets, posits financial institution Standard Bank.... 


Railway tracks
Partners of Lobito Corridor target construction completion in five years
31st October 2023 By: Marleny Arnoldi

Following the signing of a seven-sided memorandum of understanding (MoU) between two financial institutions and the governments of the US, the European Union, Angola, the Democratic Republic of... 


US to evict Gabon, Niger, Uganda and Central African Republic from trade programme
31st October 2023 By: Reuters

US President Joe Biden said on Monday that he intends to end the participation of Gabon, Niger, Uganda and the Central African Republic in the African Growth and Opportunity Act (AGOA) trade... 


South Africa could benefit from its dual AfCFTA and Brics membership
30th October 2023 By: Rebecca Campbell

South Africa has the potential to use its membership of both the African Continental Free Trade Area (AfCFTA) and the Brazil, Russia, India, China, South Africa (Brics) bloc to stimulate its... 


US Trade Representative Katherine Tai
US trade chief Tai set to travel to South Africa for Agoa Forum
27th October 2023 By: Terence Creamer

US Trade Representative Katherine Tai will travel to South Africa from October 31 to November 4, during which she will co-chair the 20th Africa Growth and Opportunity Act (Agoa) Forum, which is... 


an image depicting a cold pilger mill
Converter plants beneficial
27th October 2023

With a focus on future-oriented stainless steelmaking, metallurgical industry plant supplier SMS group offers converter steel plants for carbon and stainless steel worldwide. This includes complex... 


Trade, Industry and Competition Minister Ebrahim Patel
Patel expresses confidence about South Africa’s continued inclusion in Agoa
26th October 2023 By: Marleny Arnoldi

Ahead of South Africa hosting the US-Africa Trade and Economic Cooperation Forum – also called the Agoa Forum – from November 2 to 4, Trade, Industry and Competition Minister Ebrahim Patel on... 


An image of BLSA CEO Busi Mavuso
BLSA calls for business to capitalise on South Africa’s hosting of Agoa Forum
23rd October 2023 By: Tasneem Bulbulia

It is notable that South Africa will still host the African Growth and Opportunity Act (Agoa) Private Sector Forum next month, given that several US lawmakers have called for it to be moved... 


Afreximbank, Export-Import Bank of China sign $600m loan to fund loans, trade finance transactions
20th October 2023 By: Schalk Burger

The African Export-Import Bank (Afreximbank) and the Export-Import Bank of China (Cexim) have signed a $600-million loan to fund loans and trade finance transactions. The purpose of the loan is to... 


An image of Specialised Exhibitions' portfolio director Mark Anderson
Packaging exhibition helps industry connect, boost growth
20th October 2023 By: Nadine James

Packaging and labelling trade exhibition Propak Cape is the “essential gathering place to discover all industry stakeholders need to know about the latest advancements and solutions that could... 


Kendra Gaither appointed as new USAfBC President
19th October 2023 By: Darren Parker

The US Chamber of Commerce has announced Kendra Gaither’s appointment as US-Africa Business Center (USAfBC) president. “What an honour to lead the USAfBC and work with our members and partners to... 


More green industrial policy support needed in commodity-dependent countries
10th October 2023 By: Darren Parker

The United Nations Conference on Trade and Development (Unctad) has called on the global community to provide support for green industrial policies in commodity-dependent developing countries to... 


Dhiren Vanmali
Opinion: Speedbumps, not roadblocks, beckon South African bakkie builders
10th October 2023

In this opinion article, Ford Motor Company of Southern Africa sales operations executive director Dhiren Vanmali writes that South Africa's hosting of the Africa Growth and Opportunity Act (Agoa)... 


International Monetary Fund MD Kristalina Georgieva and African Development Bank Group President Dr Akinwumi Adesina
IMF, AfDB urge African countries not to borrow against their natural resources
9th October 2023 By: Darren Parker

The International Monetary Fund (IMF) has strongly supported a call by the African Development Bank Group (AfDB) urging countries in Africa to stop borrowing loans backed by their natural... 


A view of the Made in the Cape Market
Pop-up showcase for Western Cape exporters during October inaugurated
9th October 2023 By: Rebecca Campbell

Western Cape provincial trade, investment and tourism promotion agency Wesgro on Friday inaugurated its “Made in the Cape Market”, at the V&A Waterfront in Cape Town. The market will run throughout... 


Astron petrol station
Chevron, Astron extend use rights, debrand agreements
9th October 2023 By: Darren Parker

Energy companies Chevron Brands International and Astron Energy have entered into an agreement to extend the existing Caltex use rights and debrand agreements for South Africa and Botswana until... 


alcohol in store
Salba welcomes ban on duty-free alcohol, tobacco sales to foreign diplomats
6th October 2023 By: Darren Parker

The South Africa Liquor Brand Owners Association (Salba) has welcomed Finance Minister Enoch Godongwana’s amendment to the Customs and Excise Act and Value-Added Tax Act, banning the duty-free sale... 


Half of CEOs express doubts over Brics benefits, but confidence index improves
3rd October 2023 By: Tasneem Bulbulia

This quarter’s Merchantec CEO Confidence Index (MCCI) indicates that 55% of CEOs that were surveyed harbour doubts about the potential benefits of South Africa's association with the Brazil,... 


dunlop flags
Dunlop proceeds with R1.7bn investment in Ladysmith tyre factory
3rd October 2023 By: Darren Parker

Tyre manufacturer Dunlop is forging ahead with a R1.7-billion investment project at its factory in Ladysmith, KwaZulu-Natal, with the backing of its Japan-based parent company Sumitomo Rubber... 


Franchisors bullish about growth, but certain areas remain a worry
29th September 2023 By: Tasneem Bulbulia

Franchisors’ optimism about business growth continues to strengthen, and the expectation that turnover will grow in the next financial year is almost unanimous – from 81% in 2018, to 89% in 2019 to... 


Trade, Industry and Competition Minister Ebrahim Patel
South Africa to motivate for Agoa renewal for Africa's development
27th September 2023 By: Schalk Burger

South Africa will motivate for the extension and renewal of the US preferential trade framework the African Growth and Opportunity Act (Agoa) for itself and other African countries on the basis... 


Minister of Trade and Industry Ebrahim Patel
US lawmakers 'appreciated' Lady R probe, says Patel as he pushes for renewal of AGOA
26th September 2023 By: News24Wire

A visit to Washington by a high-profile delegation of ministers, business leaders and unionists lowered tensions around the renewal of South Africa's preferential trade deal with the US, Minister... 


Minister Ebrahim Patel
Patel confirms South Africa’s hosting of Agoa forum
22nd September 2023 By: Marleny Arnoldi

South Africa will host the Africa Trade and Economic Cooperation (Agoa) forum in early November, Trade, Industry and Competition Minister Ebrahim Patel has confirmed. In a joint statement with is... 


cement being smoothed
PPC reports 5% y/y growth in South Africa and Botswana cement business
20th September 2023 By: Darren Parker

The revenue for cement manufacturer PPC’s South Africa and Botswana divisions for the five months ended August 31 increased by 5% year-on-year, the company reported in an operating update on... 


Forex shortage challenging intra-Africa trade
19th September 2023 By: Cameron Mackay

Intra-country trade across Africa is stuttering as businesses struggle to find the foreign currency, most notably the dollar, needed to pay for imports. This shortage has been caused by the... 


President Cyril Ramaphosa
US-South Africa hold trade, investment dialogue to deepen bilateral business ties
19th September 2023 By: Schalk Burger

The US-South Africa Trade and Investment Executive Dialogue on September 18 built on partnership efforts and saw the launch of a yearly US-South Africa Trade and Investment Forum. The dialogue also... 


Avca summit in London to unpack sustainable investment strategies in Africa
19th September 2023 By: Tasneem Bulbulia

Pan-African industry association the African Private Capital Association (Avca) will host the second edition of the Sustainable Investing in Africa Summit, at the Sheraton Grand, Park Lane, London,... 


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