Search Results for: South Africa

VIETNAM is working hard to develop an upstream parts manufacturing base, but this goal is proving hard to achieve and meanwhile, regional liberalization through the Association of Southeast Asian Nations (ASEAN) is threatening the country’s auto assembly segment.

In many ways, it is crunch time for Vietnam’s auto sector.…

THE SYRIAN car sector has been hit hard by the country’s ongoing civil conflict, now into its sixth year. From nearly 90,000 cars being imported into Syria annually before the rebellion against the rule of President Bashar al-Assad started in 2011, imports have now plunged to around 1,000 cars a year.…

TECHNOLOGY per se is not enough to roll out connected cars in Europe, experts from the auto sector and the European Union (EU)’s executive body the European Commission agreed at last week’s ‘Connected Cars Europe 2017’ conference in Brussels. The key, speakers told the May 11 event, is connecting automobiles to their commercial and social environment and getting all actors on board.…

GOVERNMENTS in east Africa may have been passing legislation and regulation to control the tobacco sector, but these laws’ effectiveness is being weakened by lax implementation.

Kenya has been leading the local pack with controls, in 2007 enacted its first Tobacco Control Act, and in 2014 ratifying the World Health Organization Framework Convention on Tobacco Control (WHO-FCTC).…

TOBACCO has been among Zimbabwe’s foreign exchange earners for decades, and the country remains Africa’s top producer of the golden leaf, despite the disruption that its agricultural sector faced in the early 2000s.

These days, the country’s cash-strapped government is supportive and is pinning its hopes on tobacco exports to spearhead an elusive economic recovery.…

WITH the economies of sub-Saharan Africa emerging from past poverty, informality and occasional chaos, the regularisation of the region’s public sector accounts is increasingly viewed as an important way of ensuring growing tax revenues are spent wisely.

As a result, accounting experts have been encouraged by growing moves to adopt International Public Sector Accounting Standards (IPSAS).…

Italian state-controlled oil and gas producer ENI has cemented its role as a major gas player in Mozambique, after further defining in 2017 the scope of its Coral FLNG (floating liquified natural gas) project in this southern African country. However, doubts are emerging that ENI will actually deliver significant volumes of Mozambique’s huge gas reserves to Italy, and consequentially the rest of Europe, as an alternative and more secure source of natural gas.…

EU MINISTERS APPROVE DOUBLE TAXATION REDUCTION SYSTEM

THE EUROPEAN Union (EU) Council of Ministers has agreed a directive insisting that member states establish an effective system for resolving EU double taxation disputes. The system requires dispute resolution mechanisms to be mandatory and binding, with clear time limits.…

MOROCCO is becoming an increasingly attractive destination for African students seeking to study abroad, and is now their second most popular destination on the continent, following South Africa. According to the latest statistics published by Morocco’s ministry of higher education, training and research, more than 18,000 African foreign students are currently enrolled in higher institutions in Morocco.…

THE MIDDLE East and Africa is certainly a promising regional market for nonwovens manufacturers, given the high level of economic growth in many countries and the rise of consumer-culture focused middle classes. But companies need to be sophisticated in their investment and sales tactics given the immense variety of economic and social fortunes experienced by countries in this most diverse region.…