ANNOUNCEMENT 10 May 2013In May 2013, the government of South Africa announced a change in export taxation.
NUMBER OF INTERVENTIONS
General Notice no. 470 of 2013, Government Gazette no. 36451 of 10 May 2013: http://www.gov.za/sites/www.gov.za/files/36451_gen470.pdf
WTO-UNCTAD-OECD Tenth Report on G20 Trade and Investment Measures, mid-May 2013 to mid-November 2013: http://www.oecd.org/daf/inv/investment-policy/10thG20TradeInvestment.pdf
Department of Trade and Industry, International Trade Administration Commission of South Africa, Notice 543, published in Government Gazette no. 36708 of 2 August 2013: http://www.gov.za/sites/www.gov.za/files/36708_rg9996_gon543.pdf
On 10 May 2013, South Africa's Minister of Economic Development gazetted Notice 470 of 2013, instructing the country's International Trade Administration Commission to stop exports of ferrous and non-ferrous waste and scrap metal unless it has first been offered to domestic users of scrap.
The measure, which enters into force on 16 September 2013, gives the local industry a 20% deduction on the average spot market price of the previous month. The measure will be reviewed after five years.
Amongst the affected trading partners are all exporting countries, since they are competing with lower prices by local producers in South Africa. Excluded are Botswana, Lesotho, Swaziland and Namibia, as they form a customs union with South Africa.