Search Results for: South Africa

A FAILURE to embrace and adopt science and technology is hurting the clothing, textile and cotton industries of Africa, delegates attending an International Textile Manufacturers Federation (ITMF) three-day conference in Nairobi, Kenya, from September 7-9. The annual conference, staged this year in a sub-Saharan African country for the first time in the ITMF’s 114 years of existence, heard experts commenting that a reluctance by African companies to adopt new technology had not only slowed growth in the apparel and textile sector, but was also potentially pushing companies towards stagnation.…

PLANS to open a new tourist airport this December, in India’s southern Maharashtra, near the beaches of northern Goa, are moving forward, with a familiarisation flight from Mumbai landing on September 12. India’s ministry of civil aviation noted that Sindhudurg airport, at Parule Chipi, in Maharashtra’s Konkan coast, will have a 2,500-metre runway able to receive Airbus A320 and Boeing 737 planes.…

The latest edition of the biannual China International Trade Fair for Technical Textiles and Nonwovens (Cinte Techtextil China), held September 4-6, in Shanghai, showed how Chinese manufacturers are more than holding their own in these technically demanding markets.

The fair, a spin-off from the Techtextil show in Germany, attracted a diverse range of some 500 exhibitors from around 20 countries, covering 12 different application areas with protech, mobiltech and geotech, spanning wovens, knits and nonwovens, arguably being most prominent. …

A new report from Transparency International has found that only 11 major exporting countries in the world significantly punish companies that pay bribes abroad. The report, called ‘Exporting Corruption’, also found that more than half of world exports come from at least 33 jurisdictions, including several European Union (EU) member states, where companies that export corruption along with their goods and services face weak consequences. …

The UK and Australia are poles apart geographically but share the aim of becoming leaders in using or selling hydrogen for energy. The scheduled unveiling in November (2018) of a conceptual design to convert an eighth (8.3 million) of the UK’s population to 100% low-carbon hydrogen gas between 2028 and 2035 matters.…

SOLAR energy in Africa ought to be a no brainer. The continent has lot of sun, and weak electricity supplies, especially in the Sahel and sub-Saharan Africa. And yet, climate finance that has developed since the Paris climate change agreement of 2015, that could help grow green energy in this sunny continent, has not focused on Africa.…

Egypt’s attempts to crack down on corruption, commercial crime and money laundering are real. But they are being undermined by low existing standards, government authoritarianism and blind-eyes turned to military wrong-doing, anti-crime experts argue. Paul Cochrane reports.

The Egyptian government talks a good game when it comes to fighting financial crime.…

THE CHINESE government has directly targeted the American confectionery and related ingredients sector in its latest tit-for-tat response in the trade wars launched by US President Donald Trump. Beijing has highlighted these goods as products that may become subject to retaliatory tariffs, should the USA impose a threatened third list of duties on Chinese tech, drafted over alleged thefts of American IP.…

THE INTERNATIONAL Public Sector Accounting Standards Board (IPSASB) has released a new standard on reporting financial instruments – IPSAS 41 – to improve the relevance of financial assets and liabilities data. It replaces financial instruments reporting rules in IPSAS 29, introducing a single classification and measurement model for financial assets, considering an asset’s objective and cash flows.…

They say the UK can forge its own future by negotiating bespoke trade deals that reflect British interests rather than those of Brussels. But the more comprehensive deals Britain strikes, the more its room to manoeuvre will shrink – because all its trading partners (who are also striking deals with each other) will have to agree the same or similar terms for such deals to work.…