South Africa’s bulk exports increase to new record
By Dominic Preuss - Nov 10th 2017, 09:05
South Africa’s bulk export volumes soared by 30.7% year on year in October to a new record of 16.7-million tonnes, according to Transnet National Ports Authority. The previous record of 16.4-million tonnes was set in January 2015.
This brought the increase for the first 10 months to 7.5%, possibly implying that the South African economy, in common with most of the world, is doing better than the consensus forecast, which has failed to recalibrate to the improving momentum of growth.
Bulk exports out of Saldanha, which are mostly iron ore, rocketed by 64.3% in October to 6.6-million tonnes after two consecutive months when exports out of the port were less than 4-million tonnes.
Bulk exports out of Richards Bay, which are mostly coal, grew by 13.3% in October to 8.5-million tonnes after increasing by 36.3% in July to 8.4-million tonnes.© BusinessLIVE MMXVII
Ramaphosa's 10-point plan to revive SA's economy
21/02/2018 - 09:02
President Cyril Ramaphosa unveiled the recovery plan to set South Africa on a new growth path, which involves forming a social pact with different social partners.
How Small Businesses are gearing up to survive the drought
15/02/2018 - 16:43
Nationally small businesses are now being advised to prepare for future water scarcity. With small to medium sized businesses contributing over 65% of South Africa’s employment and 50% of the country’s GDP, their survival is essential to the economy.
Cherries show export potential for the Western Cape
15/02/2018 - 09:19
Once a very small-volumed crop in the Western Cape, cherries have more than quadrupled their export market share over the last four years and continue to show excellent potential as an alternative crop.
SA's bulk exports rise almost 90% to record in January
13/02/2018 - 08:37
SA’s bulk export volumes shot up 88.8% year on year in January 2018 to a record 25.4-million tonnes, data from the Transnet National Ports Authority (TNPA) showed on Monday.
Rain boosts kiwi harvest
12/02/2018 - 10:55
South Africa is dealing with a lot of drought-stricken regions but there is some good news. In the Natal Midlands of KwaZulu-Natal, there are farmers who say they’re having a fantastic rainy season, even if this January has been a bit on the dry side.