On 16 August 2024, the South African Revenue Service (SARS) informed of the substitution of tariff subheadings 7215.10, 7215.50 and 7228.50 in Part 1 of Schedule No.1 to the Customs and Excise Act, 1964 to increase the rate of customs duty on certain bars and rods of steel, whether or not alloyed, not further worked than cold-formed or cold-finished from free of duty to 10% ad valorem.
The reasoning is contained in the International Trade Administration Commission of South Africa (ITAC) (ITAC Report No.658.
