Africa is an “exciting but risky
area” in which to do business
and CargoCare Freight Services has
cautioned exporters not to venture
into what it terms “uncontrollable
risks”.
“Specifically the larger markets
are still dangerous ground with
the push by consignees to supply
Delivery Duty
Paid (DDP)
which is fraught
with dangers
(corruption
amongst
others). The
exporters need
to be cautious
of moving
beyond Cost,
Insurance and
Freight (CIF) or
Carriage Paid To (CPT) terms,” said
managing director Roland Raath.
Africa has become one of the
world’s fastest-growing markets and
Raath says South Africa is still the
preferred base for global companies
as a gateway into Africa, particularly
sub-Saharan Africa.
“The port of Durban plays an
increasingly crucial gateway role,”
said Raath, adding that that the
company was already doing a lot of
cross-trade from Europe directly into
Africa.
He told FTW
that infrastructure
into Africa
was improving
fast enough to
facilitate trade, but
currently only in
selected countries.
“However, many
African countries
are benefiting from
Chinese and South
African investments and soon the
infrastructural challenges will be
greatly reduced,” said Raath.
INSERT & CAPTION
SA is still the preferred
base for global companies
as a gateway into Africa.
– Roland Raath
