Search Results for: South Africa

A FREE trade zone system in Egypt, linking its businesses with Israeli suppliers, is being targeted by Chinese companies wanting to access the USA, as the Trump trade war risks exports to America through standard channels. The resulting investment has been welcomed in Egypt, but some clothing and textile industry commentators are warning that large Chinese firms could muscle out local players unless Egyptian businesses are given time to mature.…

The African Union’s African Continental Free Trade Area (AfCFTA) agreement is expected to provide a boost to Egypt’s garments industry and enable it to better compete in the global market, but logistics and Egyptian export red tape will pose a major challenge, say industry executives.…

KALMAR Öland Airport, Sweden, is working with airlines SAS and BRA to ensure all flights between the regional airport, that serves south-east Sweden, and the capital Stockholm, run on fuels that comprise at least 5% biofuels. The airport has agreed to fund half the additional fuel costs created by this goal, with the airlines splitting the other 50%.…

BRITAIN was among a handful of European nations that fell down in Transparency International’s latest Corruption Perception Index, dropping out of the top-10 of the most honest jurisdictions in the 2018 rankings. The UK is now joint 11^th with Germany, dropping two points to 80 on the scale where 100 is seen as cleanest and 0 highly corrupt among experts and business people surveyed.…

THE EUROPEAN Commission has continued to push reforms to European Union (EU) VAT legislation to boost the fight against VAT fraud. It has tabled a directive and a regulation whose goal is to establish an electronic business portal for VAT declarations allowing companies selling goods online to EU customers to administer their VAT obligations in one e-government system.…

ARTIFICIAL intelligence (AI) maybe the focus of hype in anti-fraud circles, but specialists insist that as AI systems are refined, they will create effective tools for financial institutions, governments and large companies.

Sundeep Tengur, London-based banking fraud and financial crime specialist within the global fraud and security practice of US-headquartered analytics software producers SAS Institute Inc, noted in a blog on the Fintech Extra site last April last year that the financial services industry has witnessed “considerable hype” around AI.…

NORTH Africa offers personal care product majors populous markets, close to European manufacturing centres, with large and growing middle classes (outside troubled Libya) – but trading in these countries is not without complication. Regulatory shifts, counterfeiting and some security concerns make these useful markets a challenge for brands to tap.…

Digital textile printing is a niche sector in Egypt but is expected to grow as demand for sports and active wear increases within its clothing sector, bolstered by government-supported initiatives to treble garment and textile exports by 2025.

Egypt has a long history of garment and textile manufacturing, but the sector’s strength has been in ‘cut and sew’ due to the country’s low labour costs, at between USD60 to USD100 a month.…

Considerable investments continue to be made in Italy’s beauty and personal care market continue despite this being a stagnant market, according to sector-specific and general economic data and forecasts,

Despite this, global retailers in the beauty and personal care (BPC) industry continue to eye up what remains one of continental Europe’s largest domestic BPC markets, knowing that consumer demand remains solid, even if not growing.…

EASTERN Europe remains a highly diverse market, where major beauty brands must think strategically to achieve economies of scale and a regional presence that really deliver profits. This is also a region where some markets are significantly bigger than others – with Russia and Poland being key targets.…