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The winning formula of the Italian distribution logistics services company

17th October 2022 Despite a record-breaking 2021, the first five months of 2022 for Cargo Compass SA – one of the country’s largest private freight forwarding companies – are promising an outperformance of last year. The main reason, states Sebastiano Iorio, MD of the Italian-owned company, lies in Cargo Compass’... 

Italian Energy education footprint expands in South Africa through dedicated lab

17th October 2022 Italian inverter manufacturer, Enertronica Santerno S.p.A. will be starting its Santerno SA Lab, employing 4 additional South African technicians and supervisors, explains Enertronica Sub-Sahara Area Manager Luigi Guerra, the goal of the laboratory being to localise additional work in South... 

South African agri-food sector records its best year ever

17th October 2022 There is no doubt for Federico Bellotto, MD of Italian-American agriculture machinery producer CNH Industrial, that 2021 has been one of the best years ever for his company, with the highest number of machines sold to date. These record numbers have been, according to Bellotto, driven by a mix of... 

Italy-SA trade overview 2022/2023 South Africa economic outlook 2022

17th October 2022 South Africa remains the third largest African economy, behind Nigeria and Egypt, and the most advanced and varied economy across the continent. In 2021, South Africa’s GDP was worth about $420 billion. The 2021 annual GDP growth rate was 4.9% and the first two quarters of this year have... 
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EU’s Carbon Border Adjustment Mechanism needs to be challenged, Tau says

Trade, Industry and Competition Minister Parks Tau has said that measures such as the Carbon Border Adjustment Mechanism introduced by the EU need to be challenged by developing economies at the level of the World Trade Organisation, as they are likely to have a negative impact on South Africa’s... 

Tiger Brands to sell Baby Wellbeing business, excluding Purity

South Africa's biggest food producer Tiger Brands said on Wednesday it will sell its Baby Wellbeing business for R605-million, but will exclude its Purity brand, which it described as a core asset. The Baby Wellbeing business was identified as no longer a "financial and strategic fit" after an... 
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