Cost pressures are easing on the back of recent fuel price decreases.
South Africa’s new minister of agriculture used to own a farm in the KZN Midlands.
The value of merchandise imports decreased while that of merchandise and net gold exports increased.
Waterway edging closer to its design capacity of 36–38 transits per day and a 50-foot maximum draught.
If positive sentiment holds, a stronger rand will lead to lower import prices and scope for an interest rate cut in September.
In 2021 and 2022 DP World recorded a 5% year-on-year increase in fuel efficiency.
Stocks on the JSE also strengthened following the appointment of the new government ministers.
The IMO’s integrated technical cooperation programme has collaborated with the local port authority to develop the facility.
