First ships dock at Port of Ngqura
The first commercial vessels have discharged their cargo at South Africa's new deepwater Port of Ngqura, which forms part of the Coega industrial development zone outside Port Elizabeth in the Eastern Cape province.
Vehicle sales down, but exports soar
Sales of passenger vehicles and light and heavy commercial vehicles continued to decline in October, though sales of medium commercial vehicles jumped by 15% and exports soared by 50% – helped by a recovery in South Africa's export markets.
Zuma pushes South-South trade
African countries have begun exploring more trading opportunities with southern hemisphere countries, President Jacob Zuma said at a South Africa-Brazil business forum in Sao Paulo, calling for more collaborative projects between the two regional powerhouses.
Stanbank, Japan boost for Africa trade
Standard Bank has signed a US$150-million loan agreement with the Japan Bank for International Cooperation in order to boost trade finance in Africa. The deal will also serve as a platform for future cooperation across a range of different banking products and geographies.
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