On 24 October 2018, the finance minister presented the Medium-Term Budget Policy (MTBP) which contains no more information on customs duties and excise duties than the outcome against budget and the Southern African Customs Union (SACU) revenue pool.
The SACU revenue pool payments have been revised upwards by R4 billion in 2019/20 and R0.9 billion in 2020/21 compared with the National Treasury’s 2018 Budget estimates. According to the MTBP, it reflects a larger common revenue pool in line with import growth and adjustments to estimates of the Gross Domestic Product (GDP).
Customs duties of R49.2 billion collected in 2017/2018 had been upward adjusted for 2018/19 to R54 billion, ad valorem excise duties to R4.3 billion, and specific excise duties to R40 billion.
The ‘excise duties’ include both a domestic and an imported component.