Latest News & Developments
trade balance
Stronger rand helps South Africa reduce trade deficit
South Africa exported more than it imported in the first quarter, thanks to a rise in the value of exports, the Reserve Bank said.
China and South Africa deepen economic cooperation through trade initiatives
Strengthening ties: China and South Africa enhance cooperation through trade and investment
China responds to Trump tariffs with a dramatic 84% increase on US imports
The Chinese government has announced a dramatic increase in tariffs on American imports, raising rates from 34% to 84%.
Trump tariffs | China retaliates with 84% tariffs on US products
The Chinese government has announced a dramatic increase in tariffs on American imports, raising rates from 34% to 84%.
Economists warn of recession as Trump’s tariffs spark trade war
A wide range of economists are voicing alarm over President Donald Trump's steep tariffs on imports into the United States.
Trump’s threat of ‘secondary tariffs’ invents new trade tool
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.
Proflight launches thrice-weekly direct route connecting Cape Town and Lusaka
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.
Is AGOA truly geared towards Africa’s upliftment?
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.
US Congress to decide on AGOA extension after 20th AGOA Forum wraps up discussions
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.
Unlocking Africa's economic potential: Ndabeni-Abrahams says Agoa empowers SMMEs and fuels job growth
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.
Urgent action required: South Africa's infrastructure, crime, corruption, and energy crisis in focus at Agoa Forum
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.
‘US is all in on Africa’, as Ramaphosa throws his weight behind early and 'sufficiently lengthy’ renewal of Agoa
United States Trade Representative Katherine Tai reaffirmed the US commitment to partner with Africa.
EFF urges African economies to diversify markets amidst AGOA Summit, emphasising sovereignty and rejecting American imperialism
The EFF called on African countries to reject the political conditionality and foreign policy ‘manipulation’ that comes with AGOA.
China import expo a ‘bright spot for economic globalisation’, says expert
The expo, scheduled for November 5 to 10 in Shanghai, is expected to attract guests from 154 countries, regions and international organisations.
Africa’s trade ministers urged to embrace Agoa extension for economic growth in Africa
The commissioner for Trade and Industry of the African Union Commission, Ambassador Albert Muchanga addressed trade ministers and delegates from Africa on Thursday.
USA-Africa trade deal talks set to take centre stage in Joburg as AGOA Forum begins
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.
Minister Patel: 20th Agoa Forum to boost trade links between South Africa, Africa, and the USA
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.
BRICS Parliamentary Forum aims to shape global landscape with legal power and collaborative vision
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.
Africa on its way to creating the world's largest single-free trade area
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 imports and exports stable, with 3. 9% August growth
China's exports have continued to grow for the first 8 months of this year, and the global market share has remained stable.
Parliament on board with private-public partnership to upgrade land borders
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.
Brazil’s Lula Da Silva calls for new world order as he says financial integration of emerging markets is key - BRICS Summit
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.
BRICS: Political stability is critical for trade in Africa
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.
BRICS expansion, food security, health and cooperation likely to top 15th Summit agenda - analysts
South Africa rolled out the red carpet as it welcomed world leaders to Johannesburg for the 15th BRICS Summit.
BRICS Summit: Here are the road closures and rules for travel in Joburg
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.