South Africa’s Trade Promotion Efforts are Crucial to Economic Growth According him, the agreements such as the AfCFTA lay the basis for increased infra-Africa trade and ‘cement the continent’s position as the next growth frontier. The AfCFTA was officially launched into its implementation phase at a Special AU (African Union) Summit in Niamey in Niger, after 54 countries signed the agreement and 27 countries ratified it, and trading under the terms of the AfCFTA intended to come into effect on 1 July 2020. “The Agreement will fundamentally change and…
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SA needs to encourage more local patents – Davies
JOHANNESBURG – South Africa’s government is striving to strike a balance between granting monopoly rights to support innovation, the dissemination of knowledge and addressing the country’s socio economic challenges, trade and industry minister Rob Davies says. Davies told a forum on intellectual property and technology commercialisation, hosted in collaboration with the Companies and Intellectual Property Commission, that there was a need to encourage greater use of the patent system by local innovators, with more than 95 percent of patents currently registered in South Africa being foreign. “South Africa has inventions…
Read MoreSA Government Prioritises Investment in the Mining Sector and Mineral Beneficiation
The Minister of Trade and Industry, Dr Rob Davies says the South African government has prioritised investment and mineral beneficiation due to its capacity to grow the economy and create jobs. Minister Davies was speaking at the South African Mining Investment Roundtable that took place on the margins of the Mining Indaba in Cape Town. The purpose of the roundtable which was organised by the South African government was to provide potential investors from targeted countries with the opportunity to interact with the South African political and business leadership in…
Read Morethe dti Welcomes Rolls-Royce Investment at South African Airways Technical
The Acting Deputy Director-General responsible for industrial development at the Department of Trade and Industry (the dti)Ms Thandi Phele has welcomed the investment by Rolls-Royce at South African Airways Technical (SAAT). Phele welcomed the investment during the opening of Rolls-Royce’s first lease engine storage facility in Africa today. “This partnership between Rolls-Royce and SAAT is critical in many respects. It will not only allow SAAT the ability to store engines this facility in compliance with engine manual requirements of Rolls-Royce; but equips it with the capability and capacity to offer…
Read MoreMarket Access Still Poses a Challenge for Black Industrialists
Market access and penetration of established sectors of the economy still poses a challenge for most Black Industrialists trying expand their products and services locally and internationally. These were some of the pleads coming from the beneficiaries of the Black Industrialists Scheme (BIS) to government attending the Inaugural Black Industrialists Roundtable Dialogue hosted by the Minister of Trade and Industry, in Pretoria. The purpose of the dialogue was to facilitate and foster open discussion between the government and the private sector, including beneficiaries of the Black Industrialists Scheme (BIS), on…
Read MorePeruvian Companies Enthusiastic About Doing Business with SA
If the unexpectedly high number of businesspeople who arrived for business-to-business meetings with South African companies in Lima is anything to go, then trade and investment between South Africa and Peru is poised to increase significantly in the near future. This view was expressed by the General Manager of the South Africa-Peruvia Chamber of Commerce, Ms Itala Piaggio. She was speaking during the matchmaking session that signified the second day of the Trade and Investment Mission to Peru organised by the Department of Trade and Industry (the dti). “I am…
Read MoreMinister Davies and Premier Makhura Launch Gauteng InvestSA One Stop Shop
The Minister of Trade and Industry, Dr Rob Davies and Gauteng Premier, Mr David Makhura launched the Gauteng InvestSA One Stop Shop (OSS) in Sandton. The objective of the provincial InvestSA OSS is to provide professional service to all investors through specialist advisory, reduce regulatory inefficiencies, and reduce red tape for investors looking to invest in Gauteng. Speaking at the launch, Minister Davies said InvestSA Gauteng One Stop Shop (OSS) is part of a Presidential priority to improve South Africa’s service delivery to all investors. He said the launch is…
Read MoreMINISTER DAVIES TO LAUNCH 20TH ANNIVERSARY CAMPAIGN OF WORKPLACE CHALLENGE PROGRAMME
The Minister of Trade and Industry, Dr Rob Davies, will launch a campaign to commemorate twenty years of successful productivity improvement by the Workplace Challenge Programme in Cape Town on 2 March 2018. Minister Davies will be accompanied by the Chief Executive Officer (CEO) of Productivity South Africa, Mr Mothunye Mothiba. The launch will take place at the premises of one of the beneficiaries of the programme, Trax Interconnect. The Workplace Challenge Programme (WCP) is a two-year programme implemented amongst South African enterprises to improve their productivity, thereby ensuring sustainability…
Read MoreSA Business Delegation Arrives in Lubumbashi to Seek Investment and Export Opportunies
The South African business delegation has arrived in Lubumbashi for the second leg of the Initiative and Trade and Investment (ITI) organised and funded by the Department of Trade and Industry (the dti). The ITI which, started in Kinshasa on Monday will continue today in the mining capital of the Democratic Republic of Congo (DRC) till Saturday, 11 November 2018. The ITI will assist in building relationships between South Africa and the DRC companies and also increase exports of the South Africa value-added goods to the DRC market. The business…
Read MoreMARKET AND SHOWCASE YOUR PRODUCTS AT WIRE AND TUBE 2018 IN DUSSELDORF, GERMANY, 16 TO 20 APRIL 2018
Assistance is provided to qualifying South African exporters to introduce South African products into foreign markets, in a cost effective manner. the dti extends an invitation to your firm and other exporters of wire and tube products to apply to participate on the National Pavilion at the International Wire and Tube Trade Fair 2018 scheduled to take place from 16 to 20 April 2018 in Dusseldorf, Germany. The deadline date for the submission of duly completed National Pavilion application forms is 20 November 2017. This bi-annual trade fair is recognised…
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