SA extends ban on scrap-metal exports by six months as it seeks to curb theft | Business

Trade and Industry Minister Ebrahim Patel also ordered the International Trade and Administration Commission of South Africa not to accept or process any applications for export permits for ferrous and non-ferrous waste and scrap metal, according to a notice published in the Government Gazette on Thursday.

The theft and export of copper cables has had a severe impact on the economy and been a major contributor to power cuts and disruptions on rail lines. The ban was first proposed in August to combat illicit trade in these materials and was approved by Cabinet in November. The main opposition Democratic Alliance and other groups criticised the move at the time, saying that trade policy was an inappropriate tool to deal with the pillaging of public property. South Africa also risks falling foul of World Trade Organization guidelines because the ban aims to prevent theft, rather than address critical metal shortages.In times of uncertainty you need journalism you can trust.

México Últimas Noticias, México Titulares

Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.

Business Talk – Sage AME, EVP Pieter Bensch discusses the top SMB trends in South AfricaIn this Business Talk interview, Pieter Bensch – Executive Vice President for Sage in Africa and the Middle East – talks about Sage’s research into South African SMBs.
Fuente: BusinessTechSA - 🏆 24. / 61 Leer más »

South Africa seeks help from China to safeguard supply of solar panels | BusinessElectricity Minister Kgosientsho Ramokgopa is travelling to China this week to meet some of the country's biggest solar equipment manufacturers to make it easier for SA to import panels.
Fuente: News24 - 🏆 4. / 80 Leer más »

Business confidence in South Africa falls again | City PressThe SA Chamber of Commerce and Industry says it's important that South Africa encourages and nurtures its business and economic relations with established trade and investment partners as business confidence dips.
Fuente: City_Press - 🏆 7. / 72 Leer más »