Courier services form a crucial part of a supply chain and assists industries in ensuring that products and services reach their destinations in a timely and efficient manner. Companies that regularly make use of courier services as part of their service delivery need to ensure adequate management of courier services and processes to enable efficient service delivery. Having hundreds […]
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Goods are often imported or exported. Goods are transported to places in huge volumes through containers. These containers can be transported through trucks, trains, planes, and ships. “Cargo” and “freight” are the terms that are usually associated with transporting goods. Many times these terms are interchanged because people tend to get confused in determining which […]
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Global financial crisis, weak domestic demand, and other related factors have affected South Africa’s Gross Domestic Product growth during past 3 years, continuing onto 2016. The GDP of South Africa accounted for 0.42% of world GDP in 2016. Industry experts expected the economy to grow at a rate slower than the population growth rate in […]
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The Definition of Procurement Logistics. The simplest way to think of procurement logistics is the procurement of materials needed to manufacture products, procurement logistics includes obtaining the following necessities: Raw materials. Auxiliary supplies. Operating supplies. Replacement parts. Purchased parts and similar items. The materials are the building blocks of an actual product, but the materials […]
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The 20 South African businesspeople who participated in the five-day trade and investment mission to Angola led by the Deputy Minister of Trade and Industry (DTI) Bulelani Magwanishe concluded their visit on Saturday. The businesspeople, whose participation was funded by the DTI, expressed satisfaction with the exposure, reception and outcomes of the mission that they […]
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The South African Revenue Service (SARS) has introduced a new electronic cargo system that tracks the movement of cargo coming into and leaving the country. The introduction of the paperless cargo reporting system will bring to an end one of the last remaining paper-based processes in the revenue service. According to Chief Officer of Customs […]
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South Africa imported US$83.2 billion worth of goods from around the globe in 2017, down by -19.5% over the 5-year period starting in 2013 but up by 11.3% from 2016 to 2017. South Africa’s top 10 imports accounted almost three-fifths (59.8%) of the overall value of its product purchases from other countries. South African imports […]
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Given the various rules and regulations surrounding importing to South Africa, finding a product abroad that you think would take SA by storm can be exciting but a daunting experience when you think of the complicated process that you and the product will go through until the product actually reaches home. First things first: Get […]
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Goods are exported and imported from one country to another in order to maintain a seamless supply chain. Transportation and shipping of the products happen through various routes like rail, road, air and water to reach their destination. But in order to ensure a complete legal and ethical freight shipment, custom clearance is indispensable. There […]
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Intra-Africa trade has received a boost following a $1 billion injection to finance programmes that will expand trade and investment between South Africa and the rest of Africa. African Export-Import Bank (Afreximbank) and the Export Credit Insurance Corporation (ECIC) of SA – a company that provides political and commercial risk insurance to South African exporters […]
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