April 28, 2021

The Africa Free Trade Area & What This Means For The Maritime Sector

The African Continental Free Trade Area (AfCFTA) became operational on 1 January 2021. creating a free trade area ultimately expected to represent 1.2 billion people. The principal objectives are to create a single market for goods and services across 54 countries, to expand intra-African trade, to enhance global competitiveness, and to support economic transformation on the continent.

South African industries stand to benefit significantly from the AfCFTA through streamlined trade in the continent as well as investment and other opportunities; free trade, however, also poses some risks. For instance, other parties may expect reciprocal market access and technology transfer in return for free trade, potentially eroding competitive advantages built up through long-term investments. 

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September 19, 2024

WATCH: Business Spotlight | South African International Maritime Institute (SAIMI)

While Women’s Month has come to an end, the conversation around women's leadership in the maritime sector continues. In an insightful interview with Business Day TV, Nwabisa Matoti, Acting Research Director at SAIMI, highlights the strides made in advancing women in maritime careers as she was interviewed by Business Day TV. The sector is seeing a shift towards greater gender diversity and inclusion, with women playing a crucial role in shaping the future of the oceans economy. Watch the interview on the link below.