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Tesla expresses interest in SA

The Minister of Trade and Industry, Dr Rob Davies has encouraged Tesla Company to work with his department and the South African government to explore the possibility of setting up the manufacturing of Tesla products in South Africa. The company has expressed the interest of investing in South Africa during a Business Breakfast session in Washington, DC in the United States where Davies was addressing investors. The minister focussed on priorities and interventions for putting South Africa’s economy on a new growth path and on investment and infrastructure opportunities.

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Western Cape wine companies to expand to Mozambique

Three Western Cape wine companies are on a mission to increase the volumes of the South African wine exports to Mozambique. Thandi Wines, La Rid Mal and Bayede Marketing are part of the 25 businesses that will be showcasing their products and services at the the Maputo International Trade Fair, commonly known as FACIM, which is currently taking place (from 29 August - 4 September 2016.)

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Banks to invest billions in agri-parks

Rural Development and Land Reform Minister, Gugile Nkwinti, says the Banking Association of South Africa is to invest R1bn every year in agri-parks to revive the rural economy. The minister said this when he chaired the Economic Sectors, Employment and Infrastructure Development Cluster briefing at the Imbizo Centre in Cape Town. The announcement comes after government announced that it would invest R2bn to support rural economies and create industries in those areas.

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Developing countries are facing the harsh impact of declining commodity prices

Delegates at the meeting of the G20 Trade Ministers that is held in Istanbul, Turkey are in agreement that globally trade has slow down. The meeting was focusing on the slowdown in global trade and how to make the multilateral trading system work better. The meeting also focused on the implications of the global trade slowdown for the future of trade and at policy options to further integrate SMEs into global value chains.

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