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South Africa government losing millions to trade mis-invoicing

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 Insights

21-Nov-18 The South African government has lost an estimated USD37 bn from 'misinvoicing' between 2010 and 2014. The losses can be traced back to the practice of misinvoicing, where companies illicitly misrepresent the value of cross-border trade on an invoice. [image: Pymnts]

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Middle East and Africa lead region for medical tourism growth

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 Insights

02-Nov-18 The global medical trend continues to edge upwards in the larger medical markets such as Brazil, China, India, Mexico and the UAE. The largest increases will be seen in the Middle East and Africa where the  trend increased to 9.9%. [image: Willis Towers Watson]

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Rwanda joins Alibaba-led electronic world trade platform

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 Insights

01-Nov-18 Rwanda has become the first African nation to join the Alibaba Group Holding-led electronic world trade platform (EWTP) initiative, following similar initiatives in Southeast Asia as the Chinese e-commerce firm seeks to expand digital trade globally. [image: Xinhua]

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Rail to form backbone of South African transport by 2050

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 Insights

11-Oct-18 South Africa's proposed National Rail Policy will focus on increasing investment in rail, ZAR170 bn (USD11.9 bn) over the next ten years, to position rail as South Africa’s transport backbone by 2050 and support the commitment to greenhouse-gas reduction. [image: Railway Pro]

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