BRICS agrees to strengthen cooperation
BRICS member countries have agreed to strengthen cooperation and mutual assistance to facilitate trade between bloc countries and other developing countries. BRICS (Brazil, Russia, India, China and South Africa) customs administrations are in Durban for the 10th Annual BRICS Customs Experts Technical Working Group hosted by the South African... Read more
India-SA Business Summit to strengthen investment
South Africa will later this month host the India-South Africa Business Summit. The Department of Trade and Industry (dti) will host the Business Summit in partnership with the High Commission of India, Ministry of Commerce and Industry of India, Invest India, the Confederation of Indian Industry, and the Federation... Read more
More strategic investment in Africa’s ports can accelerate growth and development by strengthening trade – PwC report
Despite the high volumes of goods that require transport, the development and integration of ports in Africa’s wider logistic chains remains uneven Africa needs to take advantage of the economic potential of its ports and shipping sector if it is to realise its growth ambitions. Globally, ports are gateways... Read more
SARS to host BRICS tax authorities
The South African Revenue Service (SARS) will host the BRICS heads customs authority meeting in Durban next week. “The revenue service will host the Customs Cooperation meeting, which is a representation of the heads of customs authorities from BRICS member countries: with... Read more
Treasury publishes framework to facilitate foreign capital
National Treasury has published the Foreign Member Funds Framework for public comment. The framework, which is to be declared by the Minister of Finance in terms of the Collective Investment Schemes Act (Act 45 of 2002), not only aims to create a favourable regulatory environment but also facilitate the... Read more
Tripartite Free Trade Agreement to be tabled before Parliament
International Relations and Cooperation Deputy Minister Luwellyn Landers says government is in the process of submitting documentation and the Tripartite Free Trade Agreement to Parliament for ratification. The Deputy Minister said this when he fielded oral questions during the Peace and Security Cluster’s question and answer session at the... Read more
SA companies urged to invest in Nigerian Free Trade Zone
South African business people have been urged to invest in Nigeria’s Free Trade Zone. This as a delegation of businesspeople led by the Department of Trade and Industry (dti) visited the Lekki Free Trade Zone, a privately-owned free trade zone, outside Lagos as part of site visits. The delegation... Read more
SA concerned at US steel, aluminium fallout
South Africa on Friday expressed concern at having its request to be excluded from the United States’ recent ad valorem tariffs on imports of aluminium and steel turned down. Trade and Industry Minister, Dr Rob Davies, on Thursday held a teleconference on the issue with US Ambassador CJ Mahoney,... Read more
President Ramaphosa aims for stronger BRICS
President Cyril Ramaphosa says he is looking forward to strengthening relations between South Africa and other members of the BRICS countries. The President emphasised the importance of South Africa’s relations with members of the BRICS countries during his engagements with the governments of the People’s Republic of China and... Read more
SA trade delegation arrives in Nigeria
South Africa’s business delegation led by the Department of Trade and Industry is in Nigeria on the second leg of the Outward Trade and Investment Mission (OSIM). The OSIM to Lagos, Nigeria, aims to increase trade and investment between South Africa and the West African nation. The Acting High... Read more