ANNOUNCEMENT 13 Feb 2015

In February 2015, the government of South Africa announced a change in export taxation.

NUMBER OF INTERVENTIONS

1

  • 1 harmful
  • 0 neutral
  • 0 liberalising

SOURCE



Department of Economic Development, Amendment Notice, No. R. 84, Government Gazette no. 38459 of 13 February 2015, p. 10: http://www.itac.org.za/upload/NOTICE%2084%20OF%202015.pdf

International Trade Administration Commission of South Africa, Price Preference System Summary for February 2015: http://www.itac.org.za/upload/Price%20Preference%20System%20Summary%2016%20FEB%202015.pdf

XA International Trade Advisors, 18 February 2015, 'Further amendments to the price preference system for scrap metal': http://xa.co.za/blog/2015/02/18/further-amendments-to-the-price-preference-system-for-scrap-metal/


Inception date: 13 Feb 2015 | Removal date: 12 Sep 2018
Still in force

Export tax

On 13 February 2015, South Africa increased the domestic price preference on aluminium scrap to 25% and steel and stainless steel scrap to 30% from originally 20%. The price reduction for all other scrap metals remains unaltered at 20%.
 
In 2013, South Africa introduced price preferences for domestic purchasers of certain metal exports (see also measure no. 6548). The metals covered by this scheme may only be exported if no domestic purchaser can be found for a given discount of the average international spot market price of the previous month.
 
As the export restriciton exists since 2013, only two exporting trade partners have been registered to be affected by the measure. Also, South Africa is in a customs union with Botswana, Lesotho, Swaziland and Namibia which requires South Africa to harmonize its customs policies with each of the other countries.

AFFECTED SECTORS