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South Africa Celebrates First Afcfta Export To Ghana Amidst Global Trade Disruptions

29 February 2024 – The opportunities the African Continental Free Trade Area (AfCFTA) agreement creates for the development of intra-African trade are becoming apparent, according to Philip Myburgh, executive head of trade and Africa-China, business and commercial clients at the Standard Bank Group, amid disruptions to traditional trade routes, unpredictable shipping times, and skyrocketing freight …

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Country Risk Atlas: South Africa’s Risk Rating Upgraded, Demonstrating Resilience to Global Shocks

28 February 2024 – Paris: Allianz Trade, which operates through the Allianz Commercial license in South Africa, released its first Country Risk Atlas, a new flagship publication focused on country risk, an expertise the world leader in trade credit insurance has built up over decades. The Country Risk Atlas is based on a proprietary risk ratings …

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South Africa’s Economic Growth To Stay Low Over The Next Three Years

23 February 2024 – South Africa’s economy is expected to grow at some 1.6% over the next three years, with real Gross Domestic Product (GDP) reaching 0.6% in 2023. “Despite the improved global outlook for 2024, South Africa’s near-term growth remains hamstrung by lower commodity prices and structural constraints. We estimate real GDP growth of …

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Subdued Growth Expected In Transport Sector

20 February 2024 – T he Ctrack Transport and Freight Index (Ctrack TFI) forecasts “another year of fairly subdued growth for the transport sector”. This is based on the assumption of mediocre economic growth in South Africa this year, forecast at 1.3%, up from 2023’s estimated 0.6%. The latest Ctrack TFI says real transport sector growth is expected to reach 3.7% for 2024, compared with …

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Association Concerned About Assumptions In Commission’s Poultry Market Inquiry

15 February 2024 – Industry organisation the South African Poultry Association (SAPA) has expressed concern about some of the statements and assumptions in the Competition Commission’s announcement of a market inquiry into the poultry industry value chain. The commission on February 9 announced the market inquiry, saying it has reason to believe there are features …

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