SA 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…

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South Africa Promotes Investments in Agro-Processing

By Akani Chauke Johannesburg — SOUTH African companies have been encouraged to invest in the agro-processing sector. The Eastern Cape Province, where more than 20 companies from the agriculture/agro processing sector, has vast investment opportunities. The Coega Development Corporation (CDC) and the Department of Trade and Industry (DTI) conducted a workshop at the Coega Business Centre in the Nelson Mandela Bay. It was held ahead of the second application window of the Agro-Processing Support Scheme (APPS) that will remain open until January 2018. The Coega Special Economic Zone is home…

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Novus Holdings welcomes ITB Manufacturing on board

In June 2017, the Competition Commission approved the proposed merger between Novus Holdings, a leader in commercial print and manufacturing, and ITB Manufacturing, a private company that manufactures and supplies flexible plastic packaging solutions. Accordingly, it was announced via SENS on 19 September 2017 that this merger will come into effect on 01 October 2017. This acquisition forms part of Novus Holdings’ business strategy to diversify into related and new markets to boost profitability and increase cash flow through sourcing new revenue streams for the Group. “Acquiring ITB Manufacturing will allow Novus…

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How Coega is boosting the local economy

By Nosihle Shelembe Located in the Nelson Mandela Bay Metropolitan Municipality, the Coega Industrial Development Zone (Coega IDZ) is a world class infrastructure which provides the integration of services and industries with the rest of the African Continent and the World. The Coega IDZ is one of several efforts by government to create economic development and growth opportunities for the people of the Eastern Cape. Developed and managed by the Coega Development Corporation (CDC), the Coega IDZ aims to drive local and foreign direct investments in export-oriented industries, positioning South…

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Russia takes interest in SA’s black winemakers

A group of Russian businesspeople are in South Africa as part of government efforts to boost black winemakers. Fourteen black winemakers based in the Western Cape and another based in Eastern Cape are attending a session organised by the Department of Trade and Industry (dti) in Cape Town. The Russian Wine Inward Buying Mission is a government initiatives aimed at changing the patterns of ownership in the local wine industry, says Trade and Industry Deputy Minister Bulelani Magwanishe. “This inward buying mission is one of the initiatives aimed at changing…

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Manufacturing multinational Caterpillar to help empower black-owned companies

Mining and construction equipment manufacturer, Caterpillar,

JOHANNESBURG – Close to 4,000 jobs are being created in the welding and mining equipment manufacturing sectors, thanks to a brand new investment programme. Mining and construction equipment manufacturer, Caterpillar, will launch the project in conjunction with the Department of Trade and Industry. Caterpillar said through the Equity Equivalent Investment Programme it aims to empower local and black-owned companies by developing companies and suppliers. The company was granted exemption from selling equity, instead opting to participate in the investment programme. The investment totals R1.3-billion. “It’s basically the guys who are good…

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