June 2022

15 June 2022 – There are positive perceptions among potential investors to South Africa, and continued interest among existing investors in the country, despite impacts such as the Covid-19 pandemic and the July 2021 civil unrest; however, it is critical that challenges be addressed to engender even more interest. This was highlighted by European Union (EU) […]

14 June 2022 – The impact of the recent floods in Durban, which have destroyed the infrastructure and interrupted trade activity, will likely appear in the second quarter trade figures. The first quarter of the year faced similar constraints to the past quarters, such as delays at the ports and rail and deteriorating road infrastructure.

13 June 2022 – Higher input costs have put the squeeze on consolidators who are increasingly under pressure in the current volatile and uncertain economic environment. As input costs have increased, many consolidators have been forced to review their traditional rate mechanisms in an effort to find some relief. According to Groupair managing director Vernon

10 June 2022 – Logistics role players have tackled the challenges experienced in Durban over the past few months head-on by working together to move cargo as quickly as possible. Michelle Horner, trade manager at SACO CFR, told Freight News that the past year had been tough in Durban. The industry was still reeling from

9 June 2022 – Supply chain dynamics in the shipping industry are driving global and local inflation to levels not seen for decades, which will affect the cost of goods and transport. Samantha Boyd, Old Mutual Insure chief executive for Specialty Insurance, told Cover that, in the past 18 months, the rate for a single shipping container

8 June 2022 – Compounding the damage done by the Covid-19 pandemic, Russia’s invasion of Ukraine has magnified the slowdown in the global economy, which is entering what could become a protracted period of feeble growth and elevated inflation, according to the World Bank’s latest ‘Global Economic Prospects’ report. This raises the risk of stagflation,

7 June 2022 – South Africa’s economy is projected to have shown a robust recovery in the first quarter of 2022, albeit not to pre-pandemic levels. Economists say the country’s first quarter of 2022 is expected to grow by around zero-point nine percentage points. However, the impact of the KwaZulu-Natal floods and persistent load reduction in the period may

6 June 2022 – South Africa’s wine and brandy industry is on a sustainable growth path, with a repositioned strategy and renewed focus. “The South African wine and brandy industry is continuing on its road to recovery and rebuilding, after two years of severe disruptions due to domestic sales bans and global trade barriers,” says

3 June 2022 – South African companies are missing out on R350-billion a year in export opportunities to the European Union (EU), new research shows. Under the Economic Partnership Agreement (EPA), which it signed with South Africa and five other southern African countries in 2016, the EU allows 96.2% by value of SA exports into

2 June 2022 – South African factory output has yet to fully recover from April’s widespread power cuts and devastating floods in the eastern KwaZulu-Natal province, a survey showed, the latest setback for an economy reeling from surging fuel and food prices. Absa’s purchasing managers’ index, compiled by the Bureau for Economic Research, rose to