R500m road project to rebuild damaged KZN infrastructure
The KwaZulu-Natal Provincial Government has unveiled a multimillion-rand project that will lead to the upgrade and rehabilitation of strategic roads damaged by the recent floods. R500m road project to rebuild damaged KZN infrastructure | Freight...
read moreHigh Growth Potential for U.S. Agricultural Exports to the Philippines
Very interesting read -Paul The Philippines is the eighth largest market for U.S. agricultural exports and the top market in Southeast Asia. Already a longstanding and reliable trading partner, the Philippines continues to offer many opportunities for exporters...
read moreFair Trade Commission imposes fines on poultry producers for price fixing
Earlier this month, the Fair Trade Commission imposed fines totalling 699 million won (KRW; US$554,000) on six of South Korea’s poultry processors, as well as the industry association. According to the Yonhap news agency, the penalties were meted out by the antitrust...
read moreContainer shipping spot rates could soon fall below contract rates
Zim, the world’s tenth largest container shipping line, posted the best quarterly results in its history on Wednesday. It hiked its full-year guidance and now predicts 2022 earnings will be around 20% higher than in 2021. And yet, shares of Zim — by far the largest...
read moreBad tidings: food prices set to spike
With less than 48 hours to go before a fuel price increase that could take the cost of petrol and diesel in South Africa to about R25 a litre, Tiger Brands CEO Noel Doyle has warned of food inflation increases unlike anything the country has ever seen. Bad tidings:...
read moreSA companies could boost exports to EU by R350bn a year, research shows
South African companies are missing out on R350-billion a year in export opportunities to the European Union (EU), new research shows. Under the Economic Partnership Agreement (EPA), which it signed with South Africa and five other southern African countries in 2016,...
read moreThe storm ain’t over: logistics legal head warns of financial fallout from KZN floods
Ongoing delays and congestion, as businesses scramble to meet their obligations to clients, mean the overall losses resulting from recent flooding in KwaZulu-Natal keep piling up. Earlier this week, Transnet sent an internal memo to stakeholders in Durban's regional...
read more2 days EU seminar in SA showcases Europe’s high food safety and quality standards and trade opportunities
The EU and South Africa held a special two-day seminar on European agri-food products on 18-19 May 2022. The event focused on making the EU's high quality and Sanitary and Phyto-Sanitary (SPS) standards for agri-food production more familiar to South African...
read moreFood prices will ‘go through the roof’, Tiger Brands warns consumers
Tiger Brands expects inflation for some food categories, including staples such as bread, maize meal and baking flour, to rise by between 15% and 20%. For context, inflation for these food categories, mainly bread and cereals, was measured at 4.8% in April this year...
read moreSA not taking full advantage of ‘trade agreement with EU’
The EU-funded study by Trade Research Advisory in association with the North West University looked to identify opportunities for greatly increasing trade and investment between SA and the EU. It found that SA is not fully using its trade agreement with EU which...
read moreSA poultry producers missing out on export market with lax livestock health standards
The South African poultry industry is “missing a massive opportunity” to export products as a result of it not meeting the health and safety standards required by trade blocs such as the European Union (EU), says the South African Association of Meat Importers and...
read morePress release from SA Association of Meat Importers and Exporters (AMIE) 26 May 2022
Media briefing recording (including comment from Dr Mpho Maja, Director: Animal Health, DALRRD; Donald MacKay, founder and CEO, XA International Trade Advisors and Paul Matthew, CEO of AMIE): https://www.youtube.com/watch?v=bLu3YTCLfvA Press release from SA...
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