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Warning signs emerge as ITAC reviews tariffs for renewable energy sector
The Star
|April 29, 2025
THE renewable energy sector in South Africa faces potential upheaval as the International Trade Administration Commission (ITAC) reviews 82 tariff codes, a move which has been flagged by industry experts as having more penalties than incentives.
As various stakeholders await the final review, expected by the end of the year, the implications of the proposed changes could reshape the landscape for manufacturers and importers in the renewable energy value chain.
XA Global Trade Advisors CEO Donald Mackay on Friday the review looked to increase tariffs on 82 tariff codes in the renewable energy value chain, which was a really big deal.
“I am not proposing for a second ITAC. It will automatically increase tariffs on everything. But if they were to increase it to the rate they want to take it up to, it would take the total duty liability from R370 million to about R7.2 billion,” Mackay said at a webinar for industry to discuss the ongoing review.
Esta historia es de la edición April 29, 2025 de The Star.
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