SA maize falls after USDA report
Johannesburg – South African corn declined for a second day after a report from the US Department of Agriculture showed more production than anticipated. White corn for delivery in July fell 0.3 percent to 2,316 rand ($233) a metric ton by the midday close on the South African Futures Exchange. The yellow variety for delivery [...]
SA discuss fruit exports to the EU
Brussels – International Relations Minister Maite Nknoane-Mashabane and the European Commission vice president Baroness Catherine Ashton are having talks behind closed doors at the European external affairs headquarters in Belgium’s capital. International relations spokesperson Clayson Monyela said “During the meeting they will focus on political and trade relations between South Africa and the EU.” Mashabane [...]
R228m injected into Durban’s Pavilion Shopping Centre upgrade
Pareto injects R228m redevelopment of Pavilion Shopping Centre. Pareto Ltd today announced renovation plans to upgrade the Pavilion Shopping Centre in Durban, which will see an initial R228 million investment for re-development. Mr Marius Muller CEO of Pareto Ltd said this major investment in both the Centre and the region is in line with our [...]
What the world thinks of South Africa
A BBC World Service 2013 Country Ratings poll has revealed that global sentiment towards South Africa remains positive, overall, but only just. The poll, conducted by GlobeScan/PIPA among 26,299 people around the world between December 2012 and April 2013, asked respondents to rate 16 countries and EU on whether their influence in the world is [...]
Africa’s growth forecast to accelerate
Johannesburg – Africa’s economic growth is expected to accelerate this year and next, led by oil and mining projects in West Africa and a resurgence in foreign direct investment, according to the African Development Bank. Gross domestic product, excluding Libya and Somalia, will rise 4.5 percent this year from 4.2 percent in 2012, the bank [...]
Google plans to build and operate network throughout Africa
Google Inc intends to finance, build and help operate wireless networks from sub-Saharan Africa to Southeast Asia, hoping to connect a billion or so people in emerging countries to the internet, the Wall Street Journal reported on Friday. The Internet search giant, which has for years espoused universal Web access, is employing a patchwork quilt [...]
SA exports to showcase at Japan fair
Johannesburg – Nougat, rooibos tea espressos and art will be on display at the African Fair in Japan later this month, the trade and industry department said on Sunday. ” High-end items such as Rooibos espressos, Fairtrade wines and Wedgewood nougat will be showcased to appeal to the sharp Japanese palate,” the department said in [...]
Zimbabwe, China talks business
Harare – Chinese Vice Premier Wang Yang arrived in Zimbabwe on Tuesday on a business visit praising Beijing’s ties with the southern African country. ” Business co-operation is an important part of our friendly relations,” Wang told reporters at Harare international airport where he was received by Vice President Joice Mujuru. He said business relations [...]
Namibia: Give poultry industry protection
A Namibian Trade Forum official has defended proposed government plans to grant interim protection to the local broiler industry against cheap imports. Ndiitah Nghipondoka-Robiati, the National Coordinator at the Namibia Trade Forum, allayed fears of a price increase in poultry products if interim protection is given to the financially-troubled Namib Poultry Industries’ N$600 million project. [...]
UK manufacturing contracts slightly
London - British manufacturing contracted by the narrowest of margins in April, and much less than expected, the first major set of data for the second quarter of the year showed on Wednesday. The Markit/CIPS Manufacturing Purchasing Managers’ Index (PMI) rose to 49.8 in April from an upwardly revised 48.6 in March, putting the sector [...]
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