October 2022

31 October 2022 – Transnet Port Terminals (TPT) has handled 3.7% more citrus exports this year despite the floods and farmers having been dealt a blow when the European Union (EU) imposed immediate new restrictions on South African (SA) imports in July. In total, TPT moved 128 374 forty-foot equivalent units (FEU) across its container terminals […]

28 October 2022 – It is a good time for logistics companies to be in the business of moving dangerous goods, according to a number of recent research studies.360 Research Reports predicts that the Global Dangerous Goods Logistics market will “rise at a considerable rate” up to the end of its forecast range in 2029.

27 October 2022 – Annual consumer price inflation cooled to 7.5% in September from 7.6% in August, which was slightly better than economists expected. Still, it’s clear that South Africans continue to suffer from eyewatering price increases. Annual food and non-alcoholic beverage inflation increased to 11.9% from 11.3% in August, with bread and cereal prices

26 October 2022 – Corporate identity fraud is a “booming business” in the B-to-B world. Its broad scope and evolutionary nature means businesses must take proactive actions in protecting their assets and identity against this threat. Best practices to fight against Fraud: Be especially careful with generic email addresses. Fraudsters regularly use the names of

25 October 2022 – Over 1,400 South African businesses have been liquidated in 2022 so far, with 170 more recorded in September, data from Statistics South Africa shows. The total number of liquidations increased by 11.8% in September 2022 compared with September 2021, and the total number of liquidations increased by 2.1% in the third

24 October 2022 – South Africa continues to cope with international trade challenges related to its geographic distances from South African trading partners like China, Germany and the United States. South Africa shipped US$123.8 billion worth of goods around the globe in 2021. That dollar amount reflects a 38.3% gain since 2017 and a 44.5%

21 October 2022 – South Africa’s economy is likely in a technical recession as intensified power cuts and heightened uncertainty caused by Russia’s war with Ukraine rippled through global financial markets. The economy likely contracted for a second consecutive quarter in the three months through September, Gina Schoeman, an economist at Citibank South Africa, said

20 October 2022 – The strike in South Africa is likely to affect the importation of goods critical to the South African economy, finds new analysis from FourKites. Impacts will be seen in the chemical, automotive and components for manufacturing facilities. FourKites anticipates shippers will look to hold orders being imported into South Africa until the dispute

19 October 2022 – South Africa’s manufacturing sector was the star economic performer in August before the lights flickered and faded as spring set in. Output grew 1.4% in the year to August, far surpassing the Bloomberg consensus of a 0.7% decrease. And on a monthly basis, production rose 2.1% compared with July. But in

18 October 2022 – Business sentiment in South Africa remains resilient and at a better level than the average achieved at the height of the Covid-19 pandemic in 2020, in spite of recent turmoil in the economy. This comes as the Business Confidence Index (BCI) rose to a seven-month high in September, buoyed by inward