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South Africa

Customs seizes illegal drugs worth S1.63m at Johannesburg airport

sars

JOHANNESBURG: South African airport customs officials have confiscated male sexual enhancement tablets worth 20.6 million Rand ($1.63 million) on route to Swaziland from India, the revenue service said on Monday. Customs officers found 80,000 tablets and 126,000 oral jellies in transit sheds at Johannesburg’s OR Tambo airport on Sunday. The pills were wrapped in brown sacks sent from Mumbai. “These ... Read More »

South African onion exports expects growth in season

onion

JOHANNESBURG: Last year about 38 million 10 kilogram bags of onions were sold on South African local markets. These figures exclude onions delivered directly to supermarket groups such as Freshmark (for Shoprite Checkers) and Woolworths. Of this number, 9.4 million bags originated from the Koue Bokkeveld (Ceres region in the Western Cape), 9.9 million bags from the Northern Cape while ... Read More »

South African Customs seizes 6.5kg cocaine worth R1.8m at OR Tambo Airport

cocaine

JOHANNESBURG: South African Revenue Service (SARS) customs officials intercepted 6.5 kilogram of cocaine worth, R1.8 million, inside tubes of cream at OR Tambo International Airport. “The goods were from Sao Paolo, Brazil, and were destined for Harare, Zimbabwe, when a physical examination was done (Thursday). A drug test on the contents of the tube tested positive for cocaine and the ... Read More »

South African Engen agrees to export gas-oil to Singapore

South African Engen agrees to export gas-oil to Singapore

SINGAPORE: SA’s Engen is set to export a gas-oil cargo to Singapore, according to trade sources and shipping data. The company has provisionally booked the Torm Horizon to transport 35,000 tons of gas-oil to Singapore from Durban, shipping fixtures showed. The cargo likely comprises high sulphur gas-oil whose premium has risen to a more than three-month high this month due ... Read More »

South African grape export rises to 65.4m cartons, marks record

South African grape export rises to 65.4m cartons, marks record

CAPE TOWN: South Africa’s table grape export estimate has been increased again as the 2016/17 season moves into the final phase of harvesting. The export crop is now likely to reach 65.4m cartons, breaking through the 65m-mark for the first time. In issuing its third and final estimate of the season, table grape organization SATI said that very favorable weather ... Read More »

ANC proposes tax on unused land to force owners to sell to the state

tax

JOHANNESBURG: The ANC has proposed more taxes for unused land to force owners to sell their land to the state in an attempt to fast-track its failed land redistribution programme. Head of Economic Transformation Enoch Godongwana said the party was looking at a raft of taxes for unoccupied land or land bought for speculative purposes. Speculative land refers to land ... Read More »

South African CGA forecasts citrus export volumes to rise

South African CGA forecasts citrus export volumes to rise

CAPE TOWN: The Citrus Growers’ Association of Southern Africa (CGA) has forecast year-on-year export volumes to rise across all categories for the 2017 season, with the most significant increases for Valencias, lemons and grapefruit. In an estimate presented to the country’s Citrus Marketing Forum last week, the organization estimated a 19% increase in Valencia orange exports to 50 million cartons. ... Read More »

SARS unravels South African clothing industry: Clothing & Textile Workers Union

SARS-South African Revenue Service

CAPE TOWN: The South African Clothing and Textile Workers Union (SACTWU) will march on SARS headquarters in Pretoria in an attempt at highlighting the negative impact of a lack of enforcement and inspection of imported goods at South Africa’s customs points. As the local sector bleeds jobs because of cheap and illegal imports, the apparent disarray at SARS also cost ... Read More »

WHO endorse South Africa’s sugar tax decision

South Africa plans to implement sugar tax to fight obesity

CAPE TOWN: The World Organization (WHO) voiced its support for South Africa’s upcoming tax on sugared drinks. It is part of the country’s campaign to promote better health and curb the incidence of non-communicable diseases such as obesity and diabetes. Originally announced in the 2016 national budget by Finance Minister Pravin Gordhan, he said in his 2017 budget it would ... Read More »

South African SAFE eyes to new exports destinations

new-destinations

CAPE TOWN: Cape Town-based producer and exporter, SAFE (South African Fruit Exporters) is all set to take conversations forward with a group of possible new clients in Russia, Bulgaria, Portugal and Canada to expand its citrus and table grape exports to these regions. This follows fruitful initial discussions between SAFE and the group at last month’s Fruit Logistica, the global ... Read More »

Strong Rand: South Africa eyes to boost Asian imports

one-rand

CAPE TOWN: Drewry’s Container Insight Weekly has revealed that the strengthening Rand has provided hope to ailing Southern Africa imports from Asia. The improving demand and capacity management has helped to lift southbound spot rates to 26-month peak after trade experienced five straight quarters with year-on-year declines. Containerized imports from Asia to Southern Africa slumped by 7.8% in 2016 to ... Read More »

Iran ready to ship 100bpd crude to South Africa

oil-barrels-and-iran-flag

TEHRAN: Iran is ready to sell South Africa 100,000 barrels per day (bpd) of oil and also to buy shares in the African country’s oil refineries, Oil Minister Bijan Namdar Zanganeh said. He made the remarks on the sidelines of a meeting with the visiting South African energy minister Tina Joemat-Pettersson in Tehran. “Along with talks around oil and oil ... Read More »

South Africa plans to implement sugar tax to fight obesity

South Africa plans to implement sugar tax to fight obesity

CAPE TOWN: The South African government is planning to implement a sugar tax to help curb the country’s growing obesity epidemic. The problem reflects the global increase in obesity and overweight rates across developing countries, surpassing the rate of obesity in developed states. The number of overweight and obese people in the developing world has grown from 250 million in ... Read More »

South African Waterberg Basin coal projects boosted by railway talks

South African Railway

CAPE TOWN: After years of doubt and delay, South Africa’s state-owned transport utility Transnet is holding talks with coal mining companies that want to develop projects in the Waterberg Basin. Until now, the miners have been waiting for Transnet to put rail capacity in place, while Transnet had wanted assurances on projected volumes. Recovering coal prices may have forced both ... Read More »

South African Revenue Service to join hands with global tax initiative

SARS-South African Revenue Service

CAPE TOWN: South African tax collectors will be sharing taxpayers’ revenue and tax information with their counterparts in more than 50 countries by September. The South African Revenue Service (SARS) announced its commitment to the automatic and reciprocal exchange of tax information with authorities in more than 50 other “jurisdictions”. This will be under the Organization for Economic Cooperation and ... Read More »

Chinese arrest in South Africa on donkey smuggling

Chinese arrest in South Africa on donkey smuggling

JOHANNESBURG: A Johannesburg businessman was arrested this week after falsely declaring a shipment of 300 donkey hides at OR Tambo airport. Investigators suspect that the man, a Chinese national, is the leader of a local donkey smuggling ring. Gelatin from donkey hides is used to manufacture a traditional Chinese medicine called ejiao. Prescribed for treating anaemia, sleeplessness and excessive menstrual ... Read More »

South African fig exports shows rise

figs

CAPE TOWN: The South African fig export industry is expanding with domestic demand also showing improvement. Average yields in the Western Cape as well as in the Northwest Province are 3-4 ton per hectare. The South African export firm moving the largest volumes of figs is Star South, which exported 450t of figs last year (60% to the UK and ... Read More »

South African wine exports jumps ahead of export volume

wine1

CAPE TOWN: South African wine’s export value growth jumped ahead of export volumes’ last year as producers focused on premium bottled lines. Total export sales in 2016 increased by 10% to ZAR9bn (US$686m), according to a Wines of South Africa’s export market report released today. In the same period, volumes edged up by 2% to 428.5m liters. The sales jump ... Read More »

South Africa’s Group Five posts H1 loss on settlement charge

loss

JOHANNESBURG: South Africa’sGroup Five <GRFJ.J> swung to its first six-month loss in 11 years due to a 255 million rand ($19 million)settlement with the country’s government and weakness in its engineering and construction unit, the company said on Wednesday. The construction company, which makes 67 percent of the its revenue from South Africa, reported a loss of 310 cents per ... Read More »

South Africa, European Union talk trade

bilateral trade

CAPE TOWN: South Africa’s Minister of Trade and Industry and Minister of Agriculture, Forestry and Fisheries have met with the Ambassador of the European Union (EU), Dr Marcus Cornaro, to discuss bilateral trade relations. The meeting took place in the context of the entry into force of the Economic Partnership Agreement (EPA) between the EU and the Southern African Development ... Read More »