June 2021

10 June 2021 – As equipment shortages and inadequate carrier capacity continue to prevail, consolidators are finding it increasingly difficult to forecast accurately. According to Michelle Horner, trade lane manager at CFR Freight, volume and container forecasting is crucial in ocean consolidation. “It is extremely difficult to forecast at a time when equipment shortages and […]

9 June 2021 – South Africa’s economy showed it was recovering following the blow it has taken from the Covid-19 crisis. Stats SA says gross domestic product (GDP) grew 1% in the first quarter of 2021 translating into an annualised growth rate of 4.6%. The statistics agency says finance, mining, and trade industries were the main

8 June 2021 – A shortage of raw materials, coupled with substantial raw-material price increases, has placed the local coatings industry under pressure, states South African Paint Manufacturing Association (Sapma) executive director Tara Benn. “A complex mix of demand and global chemical plant production issues, as well as scarce transport resources for key raw materials, is

7 June 2021 – South Africa’s economic growth is expected to have slowed in the first quarter of 2021 as lockdown restrictions and power supply challenges continued to plague activity. Statistics South Africa (StatsSA) will tomorrow release the results of the gross domestic product (GDP) for the first quarter of 2021 following significant growth in

4 June 2021 – South Africa’s sugar tax has lost thousands of jobs and hundreds of millions of rands of investment within a year, according to a report commissioned by the National Council for Economic Development and Labour. The tax, introduced in 2018, found that by 2019, 16,621 jobs had been lost and R653 million

3 June 2021 – This year, South Africa’s agricultural exports could exceed 2020’s $10.2 billion (R140.2 bln) as there have been large production volumes of various crops and fruits -as well as a sound output in the wool industry. Chief economist Wandile Sihlobo from the Agricultural Business Chamber (Agbiz) said yesterday that the country’s agricultural

2 June 2021 – At a position of 347 out of 351, the World Bank has placed the Port of Cape Town at the bottom of a list assessing global container port performance, ranking lower than all other ports in Africa which means our port is less efficient than Djibouti, Abidjan, Beira, Maputo, Walvis Bay,

1 June 2021 – It remains to be seen how long the trade surplus will last, and if it will translate into job creation, which this society desperately needs. South Africa’s trade surplus remains among the few bright spots in an economy dimmed by load shedding and other constraints. According to data unveiled on Monday