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January 2023

China-Africa Trade Hits Record US$282 Billion With Boost From Beijing And Soaring Commodity Prices

26 January 2023 – Trade between China and Africa surged last year to a record US$282 billion – an 11 per cent year-on-year increase bolstered by soaring commodity prices, China’s reopening and Beijing’s recent push to boost imports from Africa. According to Chinese customs authorities, exports to Africa totalled US$164.49 billion for the 12 months to December,

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South African Retail Sales Rise 0.4% In November

23 January 2023 – Stats SA reports that South African retail trade sales increased by 0.4% year-on-year in November 2022. Positive annual growth rates were recorded for: retailers in household furniture, appliances and equipment (6.0%); retailers in textiles, clothing, footwear and leather goods (5.9%); all ‘other’ retailers (2.3%); and general dealers (0.1%). The largest positive

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Wine Export Volumes Hold Up Despite Port Challenges, Cost Pressures

20 January 2023 – T he South African wine industry exported 368-million litres of wine, valued at R9.9-billion, in 2022. Exports were 5%, or 20-million litres, lower than in 2021. The value of exports in 2022 was also lower compared with R10.2-billion worth of wine exports in 2021. However, Wines of South Africa (WoSA) deems it positive that export value

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