15 April 2024 – The World Trade Organization (WTO) has predicted a gradual uptick in global goods trade this year following a contraction in 2023 that was driven by the lingering effects of high energy prices and inflation. In its latest Global Trade Outlook and Statistics report, WTO economists predict the volume of world merchandise trade should […]
WTO Forecasts Rebound In Global Trade Read More »
12 April 2024 – SOUTH Africa’s economy could be under the threat of catching flu as one of its biggest trading partners sneezes after Fitch Ratings downgraded China’s credit outlook. Fitch yesterday revised China’s sovereign credit outlook from stable to negative, while affirming its A+ rating amid mounting concerns regarding the nation’s public finance outlook.
Fitch Ratings Revises China’s Credit Outlook Read More »
8 April 2024 – The International Air Transport Association (Iata) has released data for February 2024 global air cargo markets, indicating continued strong annual growth in demand. Total demand, measured in cargo tonne-kilometers (CTKs), rose by 11.9% compared to February 2023 levels (12.4% for international operations), marking the third consecutive month of double-digit year-on-year demand
African Airlines See 22% Air Cargo Demand Growth In 3rd Month Of Global Rise Read More »
08 April 2024 – The South African wine industry has been celebrated for its exceptional quality of wine that graces many a tables and occasions. From humble beginnings of the industry in 1659, exports of South Africa’s Constantia wines in 1761 reached Europe and began to earn great acclaim. By 1822, in Britain, around 10%
Navigating The Logistics Of The South African Wine Market Read More »
4 April 2024 – The seasonally adjusted Absa Purchasing Managers’ Index (PMI) slipped back to below 50 points in March 2024 but there are some signs in the data reflecting that local port efficiency may be improving. The headline index released on Tuesday declined from 51.7 in February to 49.2 in March. The PMI is
Local Port Efficiency May Be Improving Read More »
3 April 2024 – As the citrus export season starts this month, the Citrus Growers’ Association of Southern Africa (CGA) is confident that 37.9-million 15 kg cartons of lemons will be exported to key markets, which is an increase of 7% year-on-year. Lemon exports have more than doubled since 2016. The increase in lemon and other
Association Expects Higher Export Volumes Across All Citrus Fruits Read More »
2 April 2024 – South Africa recorded smaller foreign direct investment (FDI) inflows of R16.2 billion in the fourth quarter of 2023, from R26bn in the third quarter, central bank data showed last week. For 2023 as a whole, FDI fell to R96.5bn from R151bn in 2022, as equity investment by foreign parent companies in
Foreign Investment Slumps R10 Billion In Fourth Quarter Read More »
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