OHANNESBURG – Minister of Trade and Industry Rob Davies yesterday hailed Hisense’s investment of R72 million into its refrigeration and television production lines at its factory based in Atlantis, Cape Town, as an “important achievement” and “another example of the fruits of South Africa’s successful partnership with the People’s Republic of China”. The Hisense investment signified that South Africa remained an attractive investment destination across all sectors, including advanced manufacturing. Davies was speaking at the official launch of the expansion as it geared for the growth of the fast moving…
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Samsung launches Wind-Free air conditioner
Samsung Electronics is poised to make a dramatic impact on the Latin American market with the AR9500M, its first wall-mounted Wind-Free air conditioner. Unveiled at Febrava 2017 – the International Trade Fair for Refrigeration, Air Conditioning and Air Heating (HVAC-R) – in Brazil on September 12, the AR9500M was awarded the exhibition’s Innovation Award (Selo Destaque Inovação). The product was first launched in Brazil, and features an innovative cooling system designed to simultaneously conserve energy and deliver comfort. Samsung’s AR9500M sets itself apart by producing no direct air drafts, keeping…
Read MoreExport orders, container shipping on the rise
Stronger global trade is expected this year and as reported by the World Trade Organisation (WTO), indicators like export orders and container shipping are on the rise at the beginning of 2017. Recognising the uncertainty on economic and policy developments, the WTO has still forecasted overall expansion in global trade. Ongoing economic uncertainty is also seen in South Africa over recent months. While this has made for a turbulent start to 2017 within many sectors, the country’s container market has shown solid growth across both imports and exports during the…
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