After months of delays caused by the COVID-19 pandemic, the African Continental Free Trade Area launches, but full implementation of the historic pact may take years.
South African retailers including The Foschini Group and Woolworths are increasing investment in local clothing manufacturers – both to reduce a dependency on Chinese imports and secure a supply chain thrown into disarray by Covid-19 restrictions.
Manufacturing is one of the sectors that can best assist in growing South Africa’s economy and, therefore, the sector’s growth must be accelerated, management consulting company Mandela and Associates CEO Dilley Naidoo said during the Manufacturing Enterprise Solutions Association’s webinar on November 20.
In an effort to ensure small and medium-sized enterprises (SMEs) in South Africa survive the economic crisis, more than 50 large companies have formally committed to paying their SME suppliers within 30 days.
South Africa’s national state of disaster will be extended until mid-December, President Cyril Ramaphosa said on Wednesday evening as he announced normal alcohol trading hours would be allowed along with flights from all foreign nations to help an economic recovery.
Back in the day, there was very little in the way of product offering instore for the black female consumer wanting quality natural hair care at affordable prices. Those were the dark days, when relaxers were considered the only route to beauty, and beauty standards were modelled on a narrow waistline, fair skin and straight hair.
Repurposing rundown industrial parks will be at the centre of growing township economies.
Amid a gloomy economic outlook for Africa and warnings of liquidity strains caused by the coronavirus, the Eastern and Southern African Trade and Development Bank (TDB) has struck two deals with the World Bank Group to bolster infrastructure and trade finance in the region.
South Africa On A Clear Path To Benefit From Trade In Manufactured Goods With Other African Countries
President Cyril Ramaphosa outlined the country’s Economic Recovery Plan on Thursday 15 October 202o, during which he explained that South Africa imported goods (excluding oil) are worth around ZAR1.1 trillion annually, and that if just 10% of these were manufactured locally, the country would add 2% to its Gross Domestic Product (GDP).
The alternative small business lender, Lulalend, says payment timeframes of 30, 60 or 90 days can be crippling for small businesses
President Ramaphosa confirmed the much publicised rumours that South Africa would indeed move to Level One as from midnight on Sunday, 20 September.
Shoprite’s share price has rocketed almost 22% in two days, after the company reported strong annual results.
Sales in SA grew by almost 9%, and Checkers in particular grabbed market share – probably from Pick n Pay.
Across the group, prices rose by 3% over the past year – from only 1.2% in the previous year.
International events organiser dmg events, has acquired Addisbuild, the longest-running building and construction exhibition in Ethiopia.