Trade in DBN and Richards Bay on an Upward Trajectory

Durban’s business confidence, reflecting the broader region, has been on an upward trajectory for some time, despite facing significant challenges.

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Article Source: South Africa’s Freight News by ftw
Article by: Liesl Venter

Durban’s business confidence, reflecting the broader region, has been on an upward trajectory for some time, despite facing significant challenges.

According to Palesa Phili, CEO of the Durban Chamber of Commerce and Industry NPC, recent findings from economic intelligence platform Durban EDGE indicate robust growth in imports of 7.5% and exports of 23.1% from 2022 to 2023.

“As organised business, we believe Durban is well-positioned to serve its international trade partners. With the busiest port in sub-Saharan Africa and Dube TradePort strategically supporting the manufacturing sector, Durban offers prime opportunities,” Phili said.

The Chamber, through its various forums, remains committed to promoting trade and investment in the city.

Phili expressed growing optimism for the city and the broader region, highlighting concerted efforts to support and expand trade initiatives.

Earlier this year, the first shipment of South African products under the African Continental Free Trade Area initiative left the country en-route to Ghana from the Port of Durban.

Phili said ongoing efforts were in place to connect businesses in Durban to the international market and several trade delegations had already been hosted this year.

Read the full article in our Freight Features edition on “Durban & Richards Bay”

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