Latest News & Developments
The Chinese government has announced a dramatic increase in tariffs on American imports, raising rates from 34% to 84%.
The Chinese government has announced a dramatic increase in tariffs on American imports, raising rates from 34% to 84%.
A wide range of economists are voicing alarm over President Donald Trump's steep tariffs on imports into the United States.
President Donald Trump has introduced a controversial economic strategy by threatening ‘secondary tariffs’ on nations buying oil from Venezuela, aiming to tighten sanctions and exert pressure on Caracas. This bold move raises questions about its enforceability and potential impact on international relations.
The Western Cape strengthens connections into key African markets with Proflight Zambia’s launch of the first-ever direct service between Cape Town and Lusaka.
OPINION - It is common knowledge that trade in Africa has become an important feat as the continent continues to reinforce efforts geared at growing economies across all sectors, writes Thabang Leshabane.
While some leaders asked for Agoa to be permanent, President Cyril Ramaphosa said a “sufficiently lengthy” extension of Agoa would help strengthen trade and investment.
Deputy Minister of Trade and Industry in Ghana, Nana Dokua Asiamah Adjei agreed that a sufficiently lengthy extension of the Agoa would help Africa reach its full capacity.
Both labour and business agreed that there were issues in South Africa that needed to be dealt with urgently if aggressive investment was to happen.
United States Trade Representative Katherine Tai reaffirmed the US commitment to partner with Africa.
The EFF called on African countries to reject the political conditionality and foreign policy ‘manipulation’ that comes with AGOA.
The expo, scheduled for November 5 to 10 in Shanghai, is expected to attract guests from 154 countries, regions and international organisations.
The commissioner for Trade and Industry of the African Union Commission, Ambassador Albert Muchanga addressed trade ministers and delegates from Africa on Thursday.
AGOA provides duty-free access to the U. S. market for most agricultural and manufactured products exported by eligible African countries. It has been renewed twice and is due to expire in September 2025.
In a media briefing at the Maslow Hotel in Sandton on Thursday, Minister Ebrahim Patel said they were looking to redefine Africa’s role in the world by expanding its value-added trade to the world market.
South African Deputy President Paul Mashatile told more than 200 delegates attending the BRICS Parliamentary Forum they required a capable, civic-minded, and ethical bureaucracy that had the capacity and commitment to drive the existing legislative framework to achieve its ends.
South African Deputy President Paul Mashatile raised issue with the continent's ‘unsatisfactory’ transport networks, saying he hoped the African Continental Free Trade Area would fix it.
China's exports have continued to grow for the first 8 months of this year, and the global market share has remained stable.
The South African government is looking to upgrade six of its land ports, to include cutting-edge technology that would detect illegal movement of goods and people easily.
Delhi and Brasília have collectively congratulated South Africa for hosting the BRICS Summit and hope that trade talks will have a lasting impact for peace and development in their respective countries.
Secretary-general of the African Continental Free Trade Agreement, Wamkele Mene, said no trade would take place in Africa if there was no political stability, especially in West Africa.
South Africa rolled out the red carpet as it welcomed world leaders to Johannesburg for the 15th BRICS Summit.
Residents and motorists have also been warned that high density operations such as increased roadblocks, vehicle checkpoints, high police visibility on foot, vehicle, mounted and air patrols would also be conducted.
President of the Indian Business Forum said South Africa must resist being bullied by other countries, and take advantage of its resources at hand.
The time is right to launch a common BRICS currency as dollar alternative, as this will aid intra-BRICS trade among member countries, say experts.