In 2023, the main imports were electrical and electronic equipment ($7.7bn), machinery ($4bn), vehicles ($1bn) and iron and steel ($623 million).
Local growers currently spend approximately R3.7 billion annually to comply with EU measures.
A request for fleet assistance has been issued by one of the biggest operators in the region – BHL Group.
Moderate price hikes have been forecast for all grades of petrol and diesel.
The shipping line has warned customers to be vigilant as fraudsters have been switching account numbers on invoices to siphon funds.
This is the first opportunity for the Government of National Unity to effect long-term behavioural change and direction in spending and budgeting.
Investors in the UK and Ireland are keen to tap into local sectors such as finance, energy and transport, says Deputy President Paul Mashatile.
AfDB has approved a $54m loan for the country’s first wind energy project.
"The industry faces added uncertainty around the final outcome of the US elections and the recent port strike." - ONE.
