The Import & Export community of Southern Africa

Turkcell looking to bring case against MTN in US

Fri, 03 Feb 2012 12:41:00 +0200

Turkcell Iletisim Hizmetlera AS (Turkcell), which was unsuccessful in attaining the second GSM telecommunications licence in Iran, is looking to bring a case against South African mobile services provider MTN in a US court.
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SA, Qatar strengthen relations

Thu, 26 Jan 2012 08:16:00 +0200

Infrastructure development between South Africa and Qatar is set to intensify in the future. This emerged after a meeting between President Jacob Zuma and Sheikh Hamad bin Khalifa Al-Thani in Doha during a visit by Zuma, who stopped over in Qatar earlier this week while en route to the World Economic Forum, set to take place in Davos.
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Bajaj launches new ultra-low-cost car

Fri, 06 Jan 2012 08:41:00 +0200

NEW DELHI, INDIA: Indian manufacturer Bajaj Auto unveiled an ultra-low-cost car on Tuesday 3 January, its first foray into the four-wheel market, pitching the vehicle as a solution to urban pollution and congestion.
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SA crude steel production falls 13.7%

Fri, 06 Jan 2012 07:25:00 +0200

South African crude steel production fell 13.7% year on year in November to an estimated 550 000 metric tons, latest figures from the World Steel Association reveal.
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COMESA Summit ends, new chair appointed

Mon, 17 Oct 2011 12:19:00 +0200

The 15th COMESA (Common Market for East and Southern Africa) Summit of Heads of State and Governments came to an end on Saturday 15 October 2011 with the announcement of the newly appointed chairman of COMESA, Malawian President Bingu wa Mutharika.
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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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Opening trade with central Europe

Mon, 04 Apr 2011 12:06:00 +0200

The Visegrad group, consisting of a four central European countries, Poland, Slovakia, Czech Republic and Hungary, addressed the business community of South Africa at an investment seminar in Cape Town at its headquarters on 31 March 2011 to introduce trade and investment opportunities, within various sectors, between these countries and South Africa.
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Europe will remain home of luxury retail

Wed, 09 Feb 2011 09:28:00 +0200

LONDON, UK: Despite huge growth in China, the market for luxury retail in Europe will remain the most lucrative in the world and will grow by nearly US$60 billion (about R431 billion) to be worth US$175 billion (about R1257 billion) by 2015 finds Verdict, one of the Datamonitor group of companies.
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Anti-corruption Act scuppers deals

Tue, 08 Feb 2011 11:48:00 +0200

NEW YORK, US: According to results of Deloitte's annual Look Before You Leap survey of corporate executives, investment bankers, private equity executives and hedge fund managers, 63% of respondents reported that the US Foreign Corrupt Practices Act (FCPA) and anti-corruption issues caused their companies to renegotiate or pull out of planned business relationships, mergers or acquisitions over the last three years.
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