August 2022

16 August 2022 – Over the 2020/21 reporting period, the UK imported 16% more wine products and 15% more grapes than they did the year before. This is according to, South Africa’s official tourism, trade, and investment agency in the Western Cape, Wesgro. Products profiled on the  Cape Trade Portal, an online resource that connects exporters […]

15 August 2022 – Manufacturing production in South Africa decreased by 3.5% year-on-year in June, primarily brought down by the motor vehicles, parts and accessories, and other transport equipment sector, which declined by 17% and subtracted 1.8 percentage points from the overall tally. The food and beverages sector’s 3.8% decline contributed to 0.8 of a percentage point being shaved off the

14 August 2022 – Beyond the obstacles sparked by the pandemic, importers continue to face a host of disruptions as global supply chains remain under pressure. According to Michelle Horner, trade manager at SACO CFR, importers are increasingly looking to source goods and materials from alternative suppliers. “This has been partly to circumvent regions heavily

11 August 2022 – Consumer food price inflation could moderate in the second half of the year as all data points to another favourable agricultural season in 2022/23, Agricultural Business Chamber (Agbiz) chief economist Wandile Sihlobo said on Monday. He said higher tractor sales, attractive prices and favourable weather forecasts suggested that South Africa could

10 August 2022 – The Cape Town Container Terminal recorded its highest weekly volume of 19 500 TEUs after berthing and handling eight agricultural export vessels last week. The terminal serves the country’s citrus season in a supporting role, while Durban and the Eastern Cape ports move most of the high export volumes to more than

8 August 2022 – South Africa’s trade surplus narrowed to R24.2bn in June 2022, compared to the revised surplus of R30.9bn for the previous month. The surplus was slightly lower than market expectations of R25.5bn and was the result of a small increase in exports of 1.6% month-on-month and a higher increase of 6.3% in

5 August 2022 – Ocean freight rates have fallen significantly in the last few months, but at more than $9 500 per container from China to the US, prices are still about 6.5 times higher than in June 2019. That’s one of the findings of a survey of more than 200 importers undertaken in June by

4 August 2022 – South African private sector activity growth sped up for the third straight month in July on improving new orders, output and employment numbers, a survey showed on Wednesday. The S&P Global South Africa Purchasing Managers’ Index (PMI) rose to a 14-month high of 52.7 in July, up slightly from 52.5 in

3 August 2022 – Ever since global inflation started heading north at an alarming rate, much of the conventional wisdom surrounding the causes of this most unfortunate trend has revolved around energy prices, especially gas, oil and petroleum. When analysing the composition of the basket of goods and services that form the basis for the

2 August 2022 – The South African Revenue Service (SARS) has released trade statistics for June 2022 recording a preliminary trade balance surplus of R24.23 billion attributable to exports of R184.61 billion and imports of R160.38 billion. These statistics include trade data with Botswana, Eswatini, Lesotho and Namibia (BELN). The year-to-date (01 January to 30 June