ITAC just spoiled your next long weekend because you now need to attend our free webinar on the brand new review of the renewable energy value chain. It covers R59 billion worth of imports, under 82 tariff codes, so if you are […]
The South African government amended Part 3F of Schedule 1 of the Customs and Excise Act of 1964 on 11 April 2025, as published in Government Gazette no. 52491. This amendment adjusted environmental levy items 157.01, 157.03, and 157.05. The government has […]
Caustic soda rebate created If you import caustic soda to make soda lye, then you can now not pay the duties on caustic soda, by using the new manufacturing rebate. Click here for more information on the rebate. Duty increase application on […]
On 4 April 2025, the South African Ministry of Finance introduced significant tariff amendments to wheat, wheat flour, and sugar. The duties on wheat were reduced from 42.20c/kg to 18.35c/kg and on wheat flour from 63.29c/kg to 27.52c/kg. The duties on sugar […]
With a stroke of his fat koki pen, President Trump has done more to harm the dollar’s reserve status than anything Xi, Putin or anyone else could do. Although its reserve status was an outcome of agreements struck at Bretton-Woods, the dollar […]
On the 4 April 2025, ITAC published an amendment of Schedule 3 of the Customs and Excise Act of 1964 granting a full duty rebate on sodium hydroxide (caustic soda) under tariff heading 2815.11 African Chemicals applied for a duty rebate due […]
This is very bad indeed. XA will be doing analysis on this over the next few days, but in the interim here are my initial views. We’ll put out something more polished a little later. Oh, and here is the White House’s […]
Government policies are an attempt to change how the market behaves (importing too much? Let’s impose an import duty.) When government, in 2012, decided to move money from packaging companies, car makers, and steel fabricators to the mini-mills (companies making steel out […]
It has been a year for the steel industry, and we are still in March! Following last week’s announcement of the biggest ever tariff review on steel (read more here), ITAC is back with another initiation. On 20 March, ITAC initiated an […]
ITAC have just initiated the biggest tariff review in their 22 year history, on steel. This is about much more than just tariffs, but it most definitely also includes tariffs. The scope of the review is everything in chapters 72 (primary steel […]