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October 2017
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October 10, 2017

South Africa to participate in World Trade Organisation ministerial meeting

A South African delegation has arrived in Marrakesh, Morocco, to attend the World Trade Organisation (WTO) Informal Ministerial Gathering.

The delegation is led by Trade and Industry Minister Rob Davies and Deputy Minister Bulelani Magwanishe.

They will attended the meeting which is part of a series of preparatory meetings leading to the 11th WTO Ministerial Conference (MC11) to be held in Buenos Aires, Argentina, in December 2017.

The meeting will provide a platform for exchange of views and guidance on possible outcomes at MC11.

“The Ministers reiterated their commitment to the development mandate of the Doha Development Agenda (DDA) and agreed that [...]

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October 3, 2017

South African companies explore opportunities in Tunisia & Algeria

A delegation of South African companies is currently on a trade and investment mission in Tunisia and Algeria, where they are exploring export markets.

The trade and investment mission, which is led by the Department of Trade and Industry (dti), will serve to promote South African products and service offerings, while creating partnerships between the business communities of the respective countries.

The trade mission, which got underway on Sunday, will conclude on Thursday.

Trade and Industry Minister Dr Rob Davies said the mission is aimed at advancing Tunisia, Algeria and South Africa’s trade and investment relations.

Both Tunisia and Algeria feature as [...]

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September 22, 2017

South Africa and the UK recommit to enhance trade post Brexit

South Africa and the United Kingdom have recommitted to enhance trade ahead of the UK leaving the European Union.

Trade and Industry Minister Rob Davies and UK Secretary of State for International Trade, Dr Liam Fox, held a bilateral meeting on Tuesday in Tshwane.

“Both Ministers recommitted themselves to a seamless post Brexit in terms of trade and technical work will be intensified to ensure that the interim arrangements will be finalised before the United Kingdom leaves the European Union in 2019,” said the Department of Trade and Industry (dti).

The meeting also committed to further developing mutually beneficial trade and investment relations.

The [...]

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September 20, 2017

South Africa’s big 4 banks remain profitable

The big four South African banks remained profitable despite South Africa’s economic uncertainty, a PricewaterhouseCoopers (PwC) report found.

For the six months ended June, the big four banks reported combined headline earnings of R35.9 billion, up 3.8 percent from the comparable period last year.

The PwC study presented the combined local currency results of Barclays Africa, FirstRand, Nedbank and Standard Bank.  The firm said it did not include other major players like Capitec and Investec because of their unique business mix and reporting periods. Johannes Grosskopf, the financial services leader for PwC Africa, said on Tuesday that despite the range of [...]

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