The recent figures released by the International Air Transport Association (IATA) showing tremendous growth in South Africa and Africa’s air freight is a good sign for trade in these parts of the world.
This is the view of Hennie Heymans, managing director of DHL Express South Africa.
The IATA report reveals that African freight demand grew by 1.4% in April, which is line with global freight growth, the DHL Express said, adding that its time definite international (DTI) shipments in South Africa increased year-on-year by almost 20% in April and over 10% year to date.
African airlines’ air freight demand has also performed more strongly than the global market, it has been reported.
Heymans said South Africa remained a key entry point into the continent, particularly for its immediate neighbours, and these increasing figures therefore play an important part of economic growth.
“However, other African countries, particularly Nigeria, are also becoming an option to foreign investors due to improved infrastructure.”
Africa is only lagging behind Latin America and the Middle East and North Africa (MENA), which highlights that other emerging markets are also performing well.
“It is extremely positive that air freight demand in Africa and emerging markets is performing more strongly than other global markets.”
Heymans says that the freight growth in Africa reflects the robust expansion that the region is experiencing, due to the increased demand for oil, minerals, and other commodities, as well as a result of internal structural changes. “Other industries, such as wholesale and retail, transportation, telecommunications, and manufacturing are all playing a role in this economic development.”
(Issued by DHL, final editing by Issa Sikiti da Silva)