30 April 2024 – The Kearney Foreign Direct Investment (FDI) Confidence Index has revealed that South Africa was lifting to be primarily propelled by the dynamic and growing technology and start-up sectors, with FDI inflows of R53.8 billion. In the index, South Africa showed strong growth, climbing six spots from 17th to 11th on the […]
SA Climbs Six Spots On FDI Confidence Index Read More »
29 April 29, 2024 – The SA spot price for white maize gained another 2% on Monday (April 15), bringing the increase so far this year to about 36%, sparking fears of the effect it will have on food prices and inflation. By market close the spot price of white maize on the SA exchange
South African White Maize Price Climbs Again Due To Heatwave And Lack Of Summer Rain Read More »
Liquidations in South Africa are down, but businesses in South Africa still face a tough operating environment. The total number of liquidations dropped by 17.9% year-on-year in March 2024 to 138 – in line with February’s numbers. Of the 138 businesses, 125 did so on a voluntary basis, while 13 did so on a compulsory
Business Liquidations Decreased By 6,3% In Q1:2024 Compared With Q1:2023 Read More »
25 April 2024 – South Africa needs a significant shift to turn its economy around and return to a sustainable growth trajectory. A priority focus should be on increasing exports. South Africa’s product exports in value terms declined in 2022 (-0.1% versus 2021) and in 2023 (-10.6% versus 2022), because of lower demand in 2023
Service Exports An Avenue For SA’s Longer-Term Economic Growth Read More »
24 April 2024 – China and South Africa are embarking on an intensified collaboration in the agricultural sector to fortify economic bonds. The latest development marks a significant milestone in bilateral trade, with South Africa recently exporting 220,000 tons of corn and 150,000 tons of soybeans to the Chinese market. Andre van de Vyver, Executive
China Boosts Agricultural Trade with South Africa, Deepening Economic Ties Read More »
22 April 2024 – After four turbulent years, the outlook for sub-Saharan Africa is gradually improving. That’s according to the latest report from the International Monetary Fund which predicts that growth will rise from 3.4% in 2023 to 3.8% in 2024, with nearly two-thirds of countries anticipating higher growth. South Africa’s dismal growth, however –
Sub-Saharan Africa Makes Gradual Recovery Read More »
22 April 2024 – South Africa has initiated a dispute at the World Trade Organisation (WTO) in relation to phytosanitary trade regulations imposed on the country’s citrus by the European Union (EU). This was announced by the Department of Agriculture, Land Reform and Rural Development (Dalrrd) and the Department of Trade, Industry and Competition on
19 April 2024 – Congestion is continuing to pose a significant challenge for consolidators, especially in the South African market. Freight forwarders realise the paramount importance of timely deliveries, a challenge exacerbated by the ongoing situation at the Port of Durban. Several NVOCCs in the freight industry have noted that congestion and carrier vessel rerouting,
Rising Transportation Costs Batter Industry Read More »
18 April 2024 – The International Monetary Fund (IMF) has projected that South Africa’s Gross Domestic Product (GDP) growth will be 0.9% for 2024. The organisation said that in October 2023 SA’s GDP growth was projected to be 1.8% in 2024, then in January the fund said it had decreased to a mere 1%, now
IMF Cuts South Africa’s 2024 GDP Growth Projections Read More »
17 April 2024 – The Agricultural Business Chamber (Agbiz) has warned that the frequent occurrences of animal diseases also implied that some countries – like South Africa in 2021 and 2022 – will occasionally lose access to export markets while they worked to clear the disease. This comes as the avian influenza, the H5N1 strain
South Africa Risks Loss Of Red Meat And Livestock Exports With Biosecurity Constraints Read More »
