Lower interest rates a growth stimulus

The slump in the Chinese
economy has had a major
impact on containerised
exports out of South
Africa which is why the
Mediterranean Shipping
Company (MSC) has
welcomed measures taken by
the Chinese government to
try to stimulate growth.
“2015 has been a
challenging year and we have
seen very little growth in the
Far East region,” said MSC
national commercial director,
Glenn Delve. He told FTW
that he was therefore
“encouraged” to see that the
Chinese government was
reducing interest rates and
easing lending conditions.
“There is a lot of potential
for trade growth between
South Africa and the Far
East as we offer many of
the commodities that the
region requires but due
to an economic slowdown
in China, the demand for
commodities out of South
Africa has declined,” Delve
pointed out.
MSC currently offers three
export services to the Far
East from South Africa:
• The Sentosa Service
calling Cape Town
and Durban to Far
East destinations.
• The Ipanema Service
calling Ngqura to Far
East destinations.
• The Africa Express
Service calling
Durban to Far East
destinations.
INSERT & CAPTION
2015 has been a
challenging year and
we have seen very
little growth.
– Glenn Delve