Home
FacebookTwitterSearchMenu
  • Subscribe
  • Subscribe
  • News
  • Features
  • Knowledge Library
  • Columns
  • Customs
  • Jobs
  • Directory
  • FX Rates
  • Categories
    • Categories
    • Africa
    • Air Freight
    • BEE
    • Border Beat
    • COVID-19
    • Crime
    • Customs
    • Domestic
    • Duty Calls
    • Economy
    • Employment
    • Energy/Fuel
    • Events
    • Freight & Trading Weekly
    • Imports and Exports
    • Infrastructure
    • International
    • Logistics
    • Other
    • People
    • Road/Rail Freight
    • Sea Freight
    • Skills & Training
    • Social Development
    • Sustainability
    • Technology
    • Trade/Investment
    • Webinars
  • Contact us
    • Contact us
    • About Us
    • Advertise
    • Send us news
    • Editorial Guidelines

Motor industry changing US-SA trading pattern

26 Jul 1996 - by Staff reporter
0 Comments

Share

  • Facebook
  • Twitter
  • Google+
  • LinkedIn
  • E-mail
  • Print

US trade figures for the first four months of the year show a deficit for South Africa, according to the latest US State Department figures.

Exports rose to $1,04bn this year from $855m in January to April last year.

South African exports have also risen from $645m to $732m. However, the South African trade deficit has also increased from $201 to $296.

Businessmap director Jenny Cargill says the Americans are clearly interested in increasing business.

American foreign direct investment is way above other countries, although this is mostly in softer areas like franchises, entertainment and leisure, she says.

There is a snowball effect from investment, as it leads to greater amounts of trade. Cargill says that as interest in South Africa grows American companies could begin to test the market by selling products ahead of setting up manufacturing plants, creating additional trade opportunities.

She said the motor industry would probably benefit the most in the short term. American motor manufacturers in South Africa were reducing the range of models they produced here and would import for variety.

This would enable them to simplify production runs and export the surplus.

The South African government is quite keen to see South Africa as a base for export, but most foreign companies are only interested in the local market she says.

However, when investments in fixed plant and machinery begin to take place, South Africa will see a rapid increase in exports

Sign up to our mailing list and get daily news headlines and weekly features directly to your inbox free.
Subscribe to receive print copies of Freight News Features to your door.

FTW - 26 Jul 96

View PDF
Green Africa opens new Durban depot
26 Jul 1996
New West Africa service launched
26 Jul 1996
Air monopoly ends
26 Jul 1996
Grindrod in global tie-up with Danzas
26 Jul 1996
P&O combats document fraud
26 Jul 1996
AMUSA warning over risky vessels
26 Jul 1996
Inspection can save importers from unpleasant surprises
26 Jul 1996
Portnet's new c.e.
26 Jul 1996
ARE YOU IN THE WHO'S WHO?
26 Jul 1996
Internet affects freight info flow
26 Jul 1996
SA exporters should benefit from SA connection
26 Jul 1996
Controversial contract stays
26 Jul 1996
  • More

FeatureClick to view

West Africa 13 June 2025

Border Beat

Zim's anti-smuggling measures delay legitimate freight operations
06 Jun 2025
Cross-border payments remain a hurdle – Masondo
30 May 2025
BMA steps in to help DG and FMCG cargo at Groblersbrug
21 May 2025
More

Poll

Has South Africa's ports turned the corner?

Featured Jobs

New

Cross-border Controller

Tiger Recruitment
East Rand
13 Jun
More Jobs
  • © Now Media
  • Privacy Policy
  • Freight News RSS
  • About Us
  • Advertise
  • Send us news
  • Contact us