On 24 July 2026, the South African Revenue Service (SARS) announced the amendment to Part 3 of Schedule No.2 to the Customs and Excise Act, 1964 (Safeguards), by the substitution of various Safeguards Items under 260.03, to list the Rebate Items intended to be excluded from the applicable safeguard duty of a rate of 13% on certain hot-rolled steel products, classifiable under Chapter 72 ‘Iron and Steel’ retrospectively effective from 02 May 2025 up to and including 01 May 2026
The reasoning is contained in the International Trade Administration Commission of South Africa (ITAC) Revised Minute M02/2025.