Browsing: Durban

The training programme was launched during the Intra-African Trade Fair 2021 (IATF2021), taking place in Durban, South Africa from November 17 to 21. For previously under-represented populations, the training programme strives to break down barriers to commerce.
The AfCFTA’s ‘How to Export with the AfCFTA training programme’ was designed with African businesses in mind. Small enterprises will be equipped with the tools they need to take advantage of the new trading climate and the AfCFTA’s operationalization.
In 2020, Afreximbank and ITC begun a trial programme in Côte d’Ivoire, Nigeria, and Rwanda as a test of this new programme concept. There were around 1,500 applications for the course within the first few days of its release, indicating a strong degree of interest in its subject.…

Ramaphosa added that Africa is now taking concrete steps to write its own economic success story and the Intra-African Trade Fair is part of that story.
With Africa opening up new fields of opportunity, Ramaphosa said that seeing more of ‘made in Africa labels’ is critical if the continent is to change the distorted trade relationship that exists between African countries and the rest of the world.
He emphasised that the situation where Africa keeps exporting raw materials while importing finished goods from those materials is no longer tenable. By promoting trade in Africa, he said, “we strengthen our own industrial base and produce goods for ourselves and for each other”.…

• Afreximbank has identified intra-African trade as a critical factor for unlocking Africa’s economic potential.
• A conference will run alongside the exhibition and will feature high-profile speakers and panelists addressing topical issues relating to trade, trade finance among other sectors.

In a bid to reiterate its commitment towards promoting the trade agenda in Africa, PAC Capital Limited ‘PAC Capital’ (PACCapitalLtd.com), a member of PanAfrican Capital Holdings Group, has concluded plans to sponsor the 2021 Intra-African Trade Fair (IATF) event organized by African Export-Import Bank (Afreximbank).

The company said the sponsorship draws from the continent’s renewed drive to promote its Trade Sector.

According to the organizers, the hybrid event, which will hold from 15-21 November 2021 at Durban in South Africa promises to focus on the newly-launched African Continental Free Trade Area (AfCFTA) – a single market for goods and services across 55 countries, aimed at boosting trade and investment.…

South Africa remains one of the most important trading partners for Zimbabwe; with Zimbabwe importing 40% of its total imports and exporting 75% of its total exports to South Africa.

Since 2007, South Africa has always maintained a trade surplus with Zimbabwe with the surplus widening over the review period mainly attributed to the economic instability experienced in Zimbabwe and the volatility of the South African Rand to the US dollar.

But with the violent events that unfolded in South Africa this past week continually present renewed purpose for some serious soul searching by Zimbabwe’s economic decision makers on how to model the economy out of the dependency on its neighbor to the south for raw materials and other essentials, according to the economic experts.

South Africa’s KwaZulu Natal and Gauteng provinces the two strategic economic areas broke into mayhem last week as looters ransacked major retail shops, banks and …

Mahatma Gandhi’s great-granddaughter Ashish Lata Ramgobin has been jailed for seven years in prison after being found guilty by a Durban court for her role in a $441,811 fraud and forgery case on Monday.

The 56-year-old Ashish Lata Ramgobin was charged with scamming businessman SR Maharaj after he loaned her $458,310 for allegedly clearing import and Customs duties on a non-existent package from India. He was guaranteed a part of the profits.

Ramgobin is the daughter of renowned human rights activist Ela Gandhi and Mewa Ramgobind, who have both played instrumental roles in reviving the Phoenix Settlement established by Mahatma Gandhi during his tenure in South Africa.

On Monday, the court during the hearing was informed that Lata Ramgobin had met Maharaj, director of the New Africa Alliance Footwear Distributors, in August 2015.

When trial in the case against Lata Ramgobin started in 2015, Brigadier Hangwani Mulaudzi of the …