Search Results for: South Africa
10 results out of 4361 results found for 'South Africa'.
NEW PROJECT ENABLES CHILDCARE SOLUTIONS FOR CAMBODIAN TEXTILE WORKERS
A NEW project is providing childcare at Cambodian textile and clothing plants, with France’s development agency Agence Française de Développement (AFD) and NGO Planète Enfants et Développement (PE&D) is aiming to boost employees’ wellbeing and reduce staff turnover. The AFD’s Cambodia director Philippe Steinmetz and PE&D’s regional co-ordinator for Cambodia and Vietnam, Nathalie Dupont, have told WTiN.com.…
EGYPT EYES CONTINENT TEXTILE HUB STATUS
EGYPT is trying to develop its upstream textile capabilities to bolster exports and be part of an integrated African continent-wide supply chain, linking its cut-and-sew and quality cotton fibre base. While Egypt exported USD764 million worth of fabric and yarn in 2016 according to the country’s Textile Export Council (TEC), challenges abound regarding Egypt’s efforts to generate more value-added textiles.…
INTERNATIONAL REGULATORY ROUND UP – CHINA SUGAR DUTIES CHALLENGED AT WTO
CHINA’S imposition of temporary safeguard duties to protect its sugar industry have been challenged at the World Trade Organisation (WTO), with sugar giant Brazil arguing Beijing’s tariffs break global commerce rules. In a signal that Brazil might be considering launching a disputes case against China, diplomats for the South American country told a WTO safeguards committee meeting that the duties broke the WTO agreement on safeguards and the general agreement on tariffs and trade (GATT). …
LOW LEVELS OF AFRICA TAX TAKE DEMONSTRATED BY OECD
DATA has been released by the Organisation for Economic Cooperation & Development (OECD) that shows how African governments collect less tax as a proportion of their countries’ wealth than in Latin America and the Caribbean. Africa’s average 2015 tax-to-GDP ratio was 19.1%; compared to 22.8% in Latin America/Caribbean and 34.3% for the 35 richer countries within the OECD.…
OECD SAYS 49 JURISDICTIONS WILL AUTOMATICALLY EXCHANGE TAX INFORMATION THIS YEAR
THE IDENTITY of 49 jurisdictions that will automatically exchange tax information in 2017 under a global standard has been revealed by the Organisation for Economic Cooperation & Development (OECD). Among the major countries included in this list are Britain, Mexico, Germany, France, South Africa and Argentina.…
FOOTBALL CORRUPTION TRIAL BEGINS IN NEW YORK
The trial of three former high-flying football executives kicked off in New York on Monday
(Nov 13). The former president of the Brazil Football Association (CBF) José Maria Marin;
former Paraguayan president of the South America football confederation (CONMEBOL)
Juan Ángel Napout; and former president of the Peruvian Football Association (FPF) Manuel
Burga are all charged with racketeering and bribery over TV rights to the Copa América and
Copa Libertadores football tournaments.…
COMMERCIAL FLIGHTS BEGIN AT ST HELENA AFTER LONG WAIT
COMMERCIAL flights have now started serving the GBP285 million (USD365 million) St Helena Airport, after wind shear problems that have prevented the scheduling of regular flights were resolved. South Africa-based SA Airlink landed an Embraer E190-100IGW plan on Saturday (Oct 14), which had flown from OR Tambo International Airport, Johannesburg, via Windhoek, Namibia.…
MAURITIAN TEXTILE SECTOR AT CROSSROADS FACING FRESH CHALLENGES
THE MAURITIUS textile and clothing industry is facing tough times, with exports falling amidst unfavourable currency shifts. Clothing and textile exports by value to all destinations fell by 9% in 2016, according to the Mauritius Export Association (MEXA), which has noted such sales declines have been happening for the last five years in key export markets.…
TANZANIA MINING COMPANIES FEAR OUTPUT FALL AS GOVERNMENT ENFORCES REFORMS
METAL ore exploration and production companies are warning Tanzania faces a sharp decline in metal ore output as the government continues to implement stringent laws to regulate the sector.
Tensions between the state and foreign-owned companies have been rising as the government of President John Pombe Magufuli has increased surveillance on the output of mines in the country, blocking exports.…
HONG KONG STARTS TO WORRY ABOUT TRADE-BASED MONEY LAUNDERING
AS one of the world’s leading financial centres and a traditional bridge to mainland China for international business, Hong Kong has long been in the crosshairs of global money laundering investigations.
Hong Kong featured in the infamous ‘Russian laundromat’ scandal, uncovered by the Organised Crime and Corruption Reporting Project (OCCRP), that saw USD20 billion moved out of Russia between 2010 and 2014 through a web of shell companies.…