SARS records significant R7.18bn trade surplus
The South African Revenue Service’s (SARS) trade statistics for August 2022 recorded a preliminary trade balance surplus of R7.18 billion.
These statistics include trade data...
Hume International calls for greater government engagement on French fry import tariffs
Leading local import-export business Hume International has responded to claims that SA has enough capacity for French fries, warning that frozen French fries are already in...
Citrus crisis: SA government lodges WTO dispute
By Justin Chadwick, CEO of the Citrus Growers Association (CGA).
ON 22 July 2022, the Permanent Mission of South Africa to the United Nations and...
Diversity, innovation, and tenacity
WESGRO’s new Chief Trade and Investment officer, Garth Van Der Horst encapsulates his role as to further Wesgro’s mandate of attracting investors to the...
South Africa’s trade surplus increases mainly due to an increase of precious metals and...
By Bobby Madhav, FNB Head of Trade & Structured Trade and Commodity Finance
South Africa’s trade surplus narrowed to R24.2bn in June 2022, compared to...
Cape Town Container Terminal records highest weekly volume
The Cape Town Container Terminal recorded its highest weekly volume of 19 500 twenty foot equivalent units (TEU) last week, after handling a total...
Turkey strengthens trade with Western Cape
Cape Town has signed a sister city agreement with Izmir in Turkey, one of the country’s busiest port cities after Istanbul and highly rated...
Orion Engineered Carbons – South Africa increases its export to the European markets
South Africa, Gqeberha, 30 May 2022 – the Coega Development Corporation (CDC) continues to demonstrate the success of its 9003ha Coega Special Economic Zone...
US ranked as the WCape’s largest export market
The Western Cape’s global exports grew by 22.1% last year, to a value of close-on R167bn in 2021, up from R136.7bn recorded in 2020.
The...
Transnet restores operations at ports after cyber attack
Transnet has fully restored operations at ports following a cyber attack that forced the firm to declare force majeure at its container terminals, the...
International Trade News
International trade news on Cape Business News (CBN) covers topics related to import-export dynamics, trade policies, and market access. CBN provides insights into tariffs, trade agreements, and logistics that influence South Africa’s role in global commerce. This sector’s news helps businesses navigate complex international trade environments, offering updates that inform strategic decisions for market expansion and compliance.
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