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S Africa: Tiger cuts funding to Nigerian business

JOHANNESBURG: Tiger Brands has cut off funding to its Nigerian unit as the South African consumer goods maker launched a review of its investment in the loss-making pasta and flour maker, it said on Monday. Tiger Brands has struggled to make a profit at Dangote Flour Mills (DFM) since paying nearly $200 million for a 65-percent stake in the firm ... Read More »

South Africa: Illicit cigarettes cost govt R4bn per year

CAPE TOWN: If you paid less than R18 for your packet of cigarettes, it is more than likely that your smokes are contributing to the R4bn in revenue government loses annually. South Africa is one of the top five illicit tobacco trade markets in the world, it was announced at the Tobacco Institute of Southern Africa’s (Tisa) anti-illicit trade conference ... Read More »

South Africa pays back seized $9.3m to Nigeria

CAPE TOWN: South Africa has to pay back Nigeria the $9.3m it seized at Lanseria Airport in terms of an order which should end a diplomatic row over allegations of illegal arms deals and money laundering. In terms of an agreement, the Nigerian government can only buy its military equipment through South Africa’s Armscor when it does deals in the ... Read More »

Ugandan coffee exports surge 38% in Sep

KAMPALA: Uganda’s coffee exports in September rose 37.7 percent year on year as good prices encouraged farmers to sell, the Uganda Coffee Development Authority (UCDA) said. UCDA said the East African country shipped a total of 286,322 60-kg bags last month, up from 207,923 bags exported in September 2014. Uganda exported 3.46 million bags in the 2014/15 (Oct-Sept) crop year, ... Read More »

South African customs seizes R49m in contraband including drugs

DURBAN: South African customs officials have seized contraband worth R49 million including drugs, wildlife and counterfeit clothing smuggled through Durban Harbour in the past six months. The secret weapon in customs’ arsenal is the new, hi-tech cargo container scanner which, through its X-ray capabilities, is able to see what is in containers without the need to open them. The scanner, ... Read More »

South African national arrested in Zambia for smuggling antelope

JOHANNESBURG: A group of South Africans have been arrested in Zambia for attempting to smuggle sable antelope to South Africa. The men are believed to have removed the seats of a Piper PA-31 Navajo twin-propeller aircraft and cushioned the interior in order to smuggle the 12 young antelope. They planned to fly below the radar in order to avert detection ... Read More »

Morocco to shortlist 3 firms for LNG imports deal

RABAT: Morocco expects to shortlist three companies for its new long-term contracts to import liquefied natural gas (LNG) within the next two weeks, its energy minister said on Tuesday. Morocco is evaluating offers from Royal Dutch Shell as well as French, Spanish and American companies, and plans to import 2 million tonnes of LNG a year starting in 2020 as ... Read More »

S. African trade deficit widens as exports shrink

CAPE TOWN: South Africa’s trade deficit widened in August as exports of minerals such as coal and iron-ore declined and oil imports rose. The trade gap increased to 9.95 billion rand ($720 million) from a revised 1.1 billion rand in July, the Pretoria-based South African Revenue Service said in an e-mailed statement on Wednesday. The median estimate of 14 economists ... Read More »

South Africa Customs seizes meth worth more than R29m

JOHANNESBURG: Customs officials seized tik (crystal meth) worth more than R29 million during two separate busts at the OR Tambo International Airport in Johannesburg on Tuesday, the South African Revenue Service (SARS) said. In the first incident, customs officials became suspicious when they noticed three suitcases marked with green tape on the carousel after they arrived on a flight from ... Read More »

Uganda court charges businessman for smuggling rice

KAMPALA: The Anti-Corruption Court has charged businessman Siraji Muwonge Muttanga for smuggling 202 bags of Pakistani rice valued at sh24m. The Court, presided over by Grade One Magistrate Agnes Alum, heard that the accused on September 6, 2015 at Mityana town council in Mityana district was found in possession of 202 bags of 50kgs each of Pakistan rice which were ... Read More »

S. African revenue officials confiscate R78m banknote in Dubai flight

CAPE TOWN: SA Revenue Service officials confiscated about R78 million in banknote from five individuals travelling to Dubai. The five were taken off the plane. Johannesburg – Was the R78 million in cash confiscated at OR Tambo International on its way to fund international organisations linked to terror? That’s the question several agencies are probing, including the South African Revenue ... Read More »

DAFF to inspect last South African citrus headed for European market

CAPE TOWN: DAFF (Dept of Agriculture, Forest and Fisheries) will inspect the last South African citrus headed for the European market. The decision does not apply to citrus from the Citrus Black Spot (CBS) -free regions of West and North Cape. Traditionally South Africa stops exports to the EU from October 15 as from that date they are subject to ... Read More »

Africa, US agree to import 65, 000 tons poultry annually

PRETORIA: South African and U.S. agricultural officials agreed at a crucial meeting in Pretoria this week to take steps to ensure US poultry imports to South Africa resume by the end of the year. Though the two countries had agreed in June on an annual quota of 65 000 tons of US poultry imports into South Africa to end a ... Read More »

Western Cape ports now ‘smartPORTS’ with new IPMS

CAPE TOWN: The ports of Cape Town and Saldanha became the latest to go live with Transnet National Ports Authority’s (TNPA’s) new R79-million web-based Integrated Port Management System (IPMS)‚ first introduced at the pilot site‚ the Port of Durban in July. IPMS replaces manual processes and enables key port operations to be managed online and in real time across TNPA’s ... Read More »

Maldives customs warns public to beware of smugglers

MALÉ: Maldives Customs Service cautioned the public to beware of increasing reports of smugglers attempting to sneak in illegal substances within containers sealed at factory standards. According to a statement released by Customs, there are attempts to smuggle illegal substances in factory sealed containers, electronics, medicine bottles and canned food tins. The statement did not clarify the exact nature of ... Read More »

SA wants imports to meet global health safety, not to restrict US imports

NEW YORK: South Africa was not restricting poultry imports from the US, but wanted imports to meet global health safety standards and not put consumers at risk, deputy director-general of international trade at the Department of Trade and Industry Xolelwa Mlumbi-Peter said. SA and US veterinarian experts meet amid threats by US politicians to reimpose tariffs on a range of ... Read More »

South African Revenue Service Issues Revised Individual Income Tax Guide

CAPE TOWN: The South African Revenue Service has issued an updated version of its Guide on Income Tax and the Individual to inform South African residents of their income tax obligations. SARS emphasizes that the Guide does not attempt to cover every tax matter, but does attempt to provide clarity on the majority of issues that are likely to arise ... Read More »

South African Customs arrests woman on smuggling 3.75kg cocaine

CAPE TOWN: A South African woman has been arrested in the city airport for allegedly carrying 3.75 kg cocaine worth Rs 4-5 crore in Indian market, Narcotic Control Bureau (NCB) officials said today. Following a tip off by the NCB, Govendra Savitri, a 47-year-old woman of Indian origin, was detained by customs officials after she landed here in an Emirates ... Read More »

South Africa seeks to restore trade relations with Iran

TEHRAN: South Africa is looking forward to restoring normal economic and trade relations with Iran once international and UN sanctions against Tehran are lifted, International Relations and Cooperation Deputy Minister Nomaindiya Mfeketo said on Wednesday.In July Iran and six world powers – China, the United States, France, Britain, Russia and Germany – reached a deal stipulating to lift a 13-year ... Read More »

Namibia customs destroys N$5m in contraband cigarettes

WINDHOEK: Contraband cigarettes with a value in excess of N$5 million were destroyed by the Directorate of Customs and Excise. According to Wilbard Poniso, the deputy director of customs and excise for the north-eastern regions, the smuggling of goods has cost government immense revenue from dutiable goods. “Cigarettes and alcohol smuggling is a worldwide predicament and Namibia is not an ... Read More »