Russia a major destination for SA fresh produce exports
Russia continues to be an important market for South African fresh produce, says the Fresh Produce Exporters’ Forum (FPEF). “Russia continues to be an important market for us, as 10% out of 2.7 million tons of fresh fruit exported from South Africa goes to Russia,” said the forum’s CEO,... Read more
SA, Saudi Arabia solidify bilateral relations
International Relations and Cooperation Minister Lindiwe Sisulu and her Saudi Arabia counterpart have reaffirmed the importance of the two states solidifying already strong bilateral relations in all fields. Ahmed bin Abdulaziz Kattan, Saudi Arabia’s Minister of State for African Affairs, and Sisulu reached the agreement during a meeting held... Read more
Lifestyle audits to strengthen financial disclosures, fight corruption
President Cyril Ramaphosa says lifestyle audits will strengthen the system of financial disclosures by Ministers and civil servants and also contribute greatly in the fight against corruption. He said this when he responded to oral questions in the National Council of Provinces on Tuesday. The President’s remarks come after... Read more
SA likely to exit technical recession in 3rd quarter
South Africa is likely to exit its technical recession in the third quarter, the Bureau of Economic Research (BER) said on Tuesday. “In terms of our forecast, I think that we will exit the recession in the third quarter,“ said senior economist at the BER, Hugo Pienaar. Gross domestic product... Read more
South Africa, China lift ties to a new level
South Africa and China have entered into several agreements that will enable economic growth and educational opportunities, the Presidency said on Monday. One agreement signed during the state visit by President Cyril Ramaphosa – on investment and trade promotion between the two countries – carries a monetary value of... Read more
SA companies hopeful of trade opportunities in Peru
Finding investors and exploring trade opportunities are the prime objectives of South African businesses who are participating in the Department of Trade and Industry’s (dti) Outward Selling Mission to Peru. The mission kicks off today in Lima. “Our objective is to find businesspeople who can invest in our company,... Read more
FOCAC to set new path for China-Africa cooperation
As African leaders gather in Beijing for a summit of the Forum on China-Africa Cooperation (FOCAC), expectations are high for the two countries to strengthen their already solid friendship and further enhance pragmatic cooperation to bring tangible benefits to the Chinese and African people. The summit, scheduled to kick... Read more
Trade and Industry Committee Notes Positive Progress made at South African Bureau of Standards’ (SABS’s)
The committee heard that the forensic investigation is further delayed due to a possible conflict of interest by the appointed forensic auditors  Parliament’s Portfolio Committee on Trade and Industry today held a follow-up meeting regarding the South African Bureau of Standards’ (SABS’s) forensic investigation pertaining to alleged irregularities emanating... Read more
SA companies explore opportunities in Peru
Local companies are to explore trade and investment opportunities in Peru as part of the Department of Trade and Industry’s (dti) Outward Selling Mission to that country. Minister Rob Davies said the mission forms part of the dti’s efforts to strengthen bilateral trade relations and increase trade and investment... Read more
Prime Minister announces ambition for UK to be largest G7 investor in Africa by 2022
The ambition was announced alongside a range of measures to boost trade between the UK and Africa and encourage UK investment in the region, including the creation of a new Africa Investors Board The government has set a new ambition for the UK to be the largest G7 investor... Read more