Tag: AfCFTA

Trading under the AfCFTA was set to begin on 1 January 2021. South Africa with the rest of the Southern African Customs Union (SACU – Botswana, Eswatini, Lesotho, and Namibia) ...

According to the Governing Principles of the AfCFTA, the RECs’ Free Trade Areas (FTAs) are building blocks for the AfCFTA.[1] The AfCFTA shall also be governed by the preservatio...

Country focus Economic growth to improve this year but will remain constrained (Engineering News) The economic prospects for this year are better than 2020, but the recovery of t...

Country focus Ports upgrade and expand to support manufacturing and exports (Global Africa Network) Almost a third of South Africa’s manufactured exports are produced in KwaZul...

Country focus Short-term low growth is ‘new normal’ (Moneyweb.co.za) As the impact of the Covid-19 pandemic continues to ripple through 2021 and South Africa faces economic c...

The African Continental Free Trade Area (FTA) is an ambitious project. It is also very necessary. It can make a major contribution, if properly implemented, to boost intra-African ...

When trading under the ambitious African Continental Free Trade Agreement (AfCFTA) commenced on 1 January 2021, trade remedies certainly did not exercise the mind of anyone in...

Article 7 of the Framework Agreement establishing the AfCFTA provides that in pursuance of the objectives of the Agreement, member states shall enter into Phase II negotiations in ...

Country focus SARS releases trade statistics for December 2020 The South African Revenue Service (SARS) today releases trade statistics for December 2020 recording a trade surplu...

The African Continental Free Trade Area (AfCFTA) establishes a Free Trade Area (FTA) for trade in goods (and some services) among the 55 Member States of the African Union (AU). Th...

Foreign investment is essential for the economic development of African countries. Public investments and domestic investments are not enough to achieve social and economic develop...

Country focus Government launches R1.2bn Tourism Equity Fund (SAnews) Government on Tuesday launched the Tourism Equity Fund aimed at creating an inclusive and growing tourism se...

Country focus South Africa’s alcohol industry faces ‘economic abyss’ as alcohol ban continues (BeverageDaily.com) With the third ban now having lasted a month with no date ...

Country focus Business, civil society weigh in on COVID-19 vaccine funding (Eyewitness News) The South African Chamber of Commerce said the failed R200 billion and COVID-19 loan ...

Country focus Supply Chains Latest: Covid Curbs Shut Busy African Border (Bloomberg) South Africa’s decision to shut its land borders to most travel to curb the spread of the C...

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During the 13th Extraordinary Session on the African Continental Free Trade Area (AfCFTA) agreement held virtually on 5 December 2020, the Assembly of the African Union (AU) adopte...

The conclusion of a trade agreement does not guarantee new trade flows. For that to happen, the reasons why trade between certain countries is at low levels must be addressed. Effe...

Road transport plays a critical role in facilitating trade and enhancing regional integration in Africa, and it is an indispensable input to international economic cooperation and ...

An objective of the African Continental Free Trade Agreement (AfCFTA) is to create a liberalised market for goods and services. To achieve this, the AfCFTA provides for progressive...