On 25 November the International Trade Administration Commission of South Africa (ITAC) published a notice on the “Extension of the Policy Directive on the Exportation of Ferrous and Non -Ferrous Waste and Scrap Metal”, on which comment is due by 04 December.
The Notice, released by the Trade, Industry and Competition Minister reads that:
(a)(i) On 10 May 2013, the Minister of Economic Development (the Minister) issued a Trade Policy Directive to ITAC in terms of section 5 of the International Trade Administration Act, 2002 (the ITA Act) on the exportation of ferrous and non-ferrous waste and scrap metal and subsequently reviewed the Policy Directive;
(a)(ii) On 24 May 2019, the Minister extended the Policy Directive for a further period of nine months until 31 March 2020 to enable the National Treasury, the Department of Trade and Industry and the Economic Development Department to explore the introduction of an export tax and its implications for the Directive, and subsequently extended the Policy Directive until 31 December 2020; and
(a)(iii) The Minister is considering extending the Policy Directive for a further six (6) months from 31 December 2020 until 30 June 2021, to allow for the finalisation of the process referred to in paragraph 1(a)(ii) above and to enable consideration of the implication of any export tax on the future of the Policy Directive.
(b) There a request for comment from interested parties and stakeholders before the Minister decides whether to extend the Policy Directive. Stakeholders and interested parties are invited to submit representations and comments regarding the proposed extension of the Policy Directive, within a period of 14 days from publication of this notice, to the Minister of Trade, Industry and Competition for the attention of Mrs Linda Herbst, email: Iherbst thedtic.gov.za , or hand deliver at 77 Meintjies Street, Block E, 3rd Floor, Sunnyside, 0132.
The Notice is accessible at:
https://www.gov.za/sites/default/files/gcis_document/202011/43929gon1247.pdf
Story by: Riaan de Lange