Eastern Cape hardest hit by 35% import duties on wheat

The national drought has intensified the urgent need for meaningful policy changes in the supply of food and water. A recent increase in wheat import duties, compounded by two interest rate hikes and a weakened rand, have left the poorest communities in the Eastern Cape reeling. The combined import duties and VAT on a 12,5kg […]

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SA’s flagship container port unveils R700m investment into Eastern Cape

Two new landmarks at the Port of Ngqura, which are part of ongoing developments to position the port as a container transhipment hub for Sub-Saharan Africa, were officially launched by Transnet National Ports Authority (TNPA) earlier in May. The new landmarks are the port’s state-of-the-art administration building and an administration craft basin for pilot boats […]

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Africa’s growth: meltdown or slowdown?

Economic growth across the region is likely to remain slower in coming years than it has been over the past 10 to15 years. The International Monetary Fund’s (IMF) baseline projection for 2016 is now down to 3%, from what was a forecasted 6.1% in April 2015. The main reasons for a relative slowdown are not […]

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Euler Hermes: Global sector risk downgrades point to trouble ahead

Global trade credit insurance giant, Euler Hermes, has warned that 2016 is set to be a tough year for corporates as companies face a series of short- and long-term challenges. According to their latest report, which analyzes 18 financial sectors in 72 countries, and spans 1 300 industries, one in four industries find themselves in […]

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El-Nino threatens African supply chain continuity

Sub-Saharan Africa contributed slightly less risk to the global economy in Q1, from 2,46 points in the first quarter of 2016 to 2,47 in Q2, according to the CIPS Risk Index. However, underlying risk to supply chains heightened as countries in the region battle with food shortages brought about by extreme weather conditions while trying […]

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Differential excise duty tariff for brandy a positive step

The South African brandy industry has welcomed Government’s decision to introduce a differential excise tariff for potstill and vintage brandy, to be phased in over two years. The excise rate will be lowered by a 10% differential to the spirits excise tariff. Christelle Reade-Jahn, director of the SA Brandy Foundation, the organisation representing the country’s […]

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