$700 million –
Zimbabwe imports $700 million worth of goods from South Africa, the country’s largest importer. Zimbabwe is trying to ban imports from South Africa, in a bid to encourage local manufacturing of goods. In retaliation, traders blocked roads and burnt warehouses at the Beitbridge border post.
Mauritius (49th) leads Africa in the 2016 World Economic Forum’s (WEF) global information and communication technology (ICT) rankings. South Africa is in second place, and has jumped 10 places from 75th to 65th.
$1.27 billion –
South Africa has posted its biggest trade surplus since May 1996, driven by a surge in exports of precious metals, and a 27 percent jump in vegetable shipments. The trade surplus increased to 18.7 billion rand ($1.28 billion) from a revised deficit of 130 million rand ($8.6 million) in April, according to the South African Revenue Service (SARS).
South Africa’s online shopping is expected to reach 1% of overall retail spending in 2016. Retail sales grew by 3.3% in 2015 to R762 billion according to Statistics South Africa. Ecommerce has huge growth potential In South Africa, with online shopping contributing 10% in more developed markets like the United States.
1st July –
Transnet Port Terminals (TPT) has implemented SOLAS (Safety of Life at Sea) on the 27th June, ahead of the 1st July deadline. The South African state operator has expressed satisfaction with the industry readiness. The verify containers’weight prior to loading on vessels, has become mandatory on the 1 July 2016 for ports. Without a verified gross mass, the packed container will not be loaded aboard a ship.
According to the Nigerian Export Promotion Council, out of their 1,040 registered exporters, only 529, or 51%, are active. Many companies are also not registered and hide their activities from the government, by trading foreign exchange on the black market.
Lake Victoria in East Africa, is getting a navigation hotline to reduce accidents on the lake. Ancient navigation routes, have contributed to 5,000 fatalities a year on the lake.