Department Of Trade And Industry News
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South Africa’s International Trade Administration Commission said it plans a further probe into the poultry association’s request to raise tariffs on chicken imports to as much as 82 percent before making a recommendation.
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South African poultry industry may cut more jobs if imports from Brazil and the European Union continue, Poultry Association Chief Executive Officer Kevin Lovell said.
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Investec Bank Ltd., a South Africa- based bank and money manager, teamed up with Vuselela Energy to develop a power plant using waste heat to drive turbines.
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Mitsubishi Heavy Industries Ltd. failed to persuade a U.S. judge that General Electric Co. infringed its patent on wind turbine technology.
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South Africa’s government asked antitrust regulators to stop Kansai Paint Co. ’s takeover of Freeworld Coatings Ltd. , the second foreign purchase authorities in Africa’s largest economy have tried to block this year.
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Sappi Ltd., the world biggest maker of glossy paper, said that cheap products from China and Korea are hurting its cash flow and earnings.
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South Africa’s Department of Trade and Industry plans to intervene in Kansai Paint Co.’s takeover of Freeworld Coatings Ltd. on grounds of public interest, Business Day reported, citing Kansai’s legal adviser, Jean Meijer.
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The French government is weighing options including an investment in Alcatel-Lucent SA as it looks to protect the unprofitable network equipment maker’s patents, people with knowledge of the deliberations said.
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South African carmakers plan to hold talks with Eskom Holdings SOC Ltd. and the Department of Trade and Industry to secure a preferential energy tariff agreement, Business Report said.
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South Africa’s government will back a request by farmers for preferential access to European markets for its sugar exports, Business Day said, citing Department of Trade and Industry spokesman, Charles Mnisi.
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