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South Africa’s latest economic data delivered mixed signals, with manufacturing confidence weakening while tourism and new vehicle sales improved. The rand remained relatively stable despite higher oil prices and global inflation concerns.
PMI

Sunday review: Rand holds firm as SA data paints mixed picture of economy

South Africa’s latest economic data delivered mixed signals, with manufacturing confidence weakening while tourism and new vehicle sales improved.

  • Ashley Lechman
  • Yogashen Pillay
5 min read
South Africa’s steel industry has received a temporary tariff shield against Chinese imports, but economists warn the move could also increase costs for manufacturers and consumers across the economy.
IMPORTS

China steel imports face 28.11% tariff as South Africa moves to shield local industry

ITAC says dumped Chinese colour-coated steel has caused, or threatens, material injury to the SACU industry. The provisional measures will apply for six months while the…

  • Yogashen Pillay
4 min read
International Trade Administration Commission of South Africa (ITAC) increased the Dollar Based Reference Price (DBRP) for sugar imports from $680 (R(R10 964) to $785 (R 12 660) per tonne.
SUGARIMPORTS

Sugar industry gets tariff relief, but warns SA imports crisis is far from over

ITAC has raised South Africa’s dollar based reference price for imported sugar from US$680 to US$785 per tonne. While SASA and SA Canegrowers welcome the move, they say the new…

  • Yogashen Pillay
4 min read
The South African Sugar Technologists' Association President, Dr Muhammad Kadwa, said that there has been a flood of deep-sea sugar imports, and this has displaced South African suga
SUGAR

Sugar industry counts the cost of imports

Cheap imports are squeezing local sales, pushing more sugar into loss-making export markets and costing the industry billions.

  • Yogashen Pillay
5 min read