The Import/Export community of North Africa

Africa's five major trends for potential growth

Fri, 07 Oct 2011 09:56:00 +0200

Population growth, rapid urbanisation, adoption of new technologies, unlocking of abundant resources and the deepening of the financial sector are the five major trends that are set to drive Africa's economic growth, Simon Freemantle, Standard Bank Africa senior analyst, told a media roundtable in Johannesburg, South Africa, yesterday, Thursday 6 October 2011.
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World Economic Forum on Africa poised for take off

Fri, 29 Apr 2011 10:40:00 +0200

GENEVA, SWITZERLAND / CAPE TOWN, SA: The World Economic Forum has announced that more than 900 participants from 60 countries will participate in the 21st World Economic Forum on Africa in Cape Town, South Africa, 4-6 May 2011. Jacob G. Zuma, president of South Africa, will host the meeting, where participants will gather to deliberate under the theme From Vision to Action, Africa's Next Chapter.
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Uncertainty about transfer pricing rules in Africa a concern for foreign companies

Tue, 05 Apr 2011 12:05:00 +0200

Companies doing business in Africa face several uncertainties, including how tax authorities will handle transfer pricing (TP). It is vital that organisations prepare comprehensive documentation to demonstrate their application of the arm's length principle and the procedures followed.
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Unemployment, inflation worries hit consumer confidence

Thu, 27 Jan 2011 11:00:00 +0200

NEW YORK, US: Consumer confidence fell in 25 out of 52 countries in Q4 2010 as hope for a global economic recovery evaporated at the end of last year, according to the latest edition of the Nielsen Global Consumer Confidence Index, which tracks consumer confidence, major concerns and spending intentions among online consumers.
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GM restructures African business, seeking growth

Tue, 23 Nov 2010 12:36:00 +0200

General Motors (GM) has announced a new strategy for African business, which it hopes will allow GM to capitalise on the growing opportunities around the continent.
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Hope for full global economic recovery in 2010 diminishes

Wed, 27 Oct 2010 06:22:00 +0200

NEW YORK, US: After an upbeat start to the year with two consecutive quarters of increases in optimism, global consumer confidence fell three points in September to an Index of 90 as consumers' hopes for a full economic recovery this year fades in most parts of the world, according to the latest edition of the Nielsen Global Consumer Confidence Index.
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Sustained business recovery on the cards as companies look to re-start investment

Tue, 03 Aug 2010 12:20:00 +0200

LONDON, UK: The latest Global Business Outlook Survey from KPMG International suggests that businesses are ready to begin investing again as the healthy optimism recorded earlier in the year holds firm. Overall, business optimism remains static but strong, with India and China leading the way; while UK and Spain are still less confident.
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Delayed by volcano

Thu, 29 Apr 2010 09:00:00 +0200

The eruption of Iceland's Eyjafjallajökull volcano had a massive impact on many spheres - from the airlines, to events, to travel, to health, import and exports, and more, and its impact is likely to be felt for a long time - and that's even should the eruption cease completely - which it hasn't!
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Shipping companies say it is 'too early to talk of recovery'

Mon, 15 Jun 2009 12:37:00 +0200

Even though shipping rates are recovering, local shipping firms say they have not yet seen “green shoots” emerging in the turbulent shipping industry. They warn that the industry still faces shrinking world trade volumes and a glut of ships.
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China pledges support for Africa despite economic slowdown

Tue, 17 Feb 2009 16:57:00 +0200

China's Ambassador to South Africa, Zhong Jianhua, has confirmed China will not reduce its investment in Africa, and is even considering expanding aid to the continent during the global recession.
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