The International Trade Administration Commission (ITAC) has proposed a 15% import tariff on new energy vehicle (NEV) batteries to build on local manufacturing capabilities.
This could be problematic for carmakers like Toyota, BMW, and Mercedes, who produce NEVs locally but import the batteries they use.
In a Government Gazette notice on 29 May 2025, the ITAC committed to reviewing the list of materials qualifying as standard materials under the Automotive Protection and Development Programme.
It said the review…
Agriculture: Agriculture plays a key role in the economy, with major exports
including fruits, wine, and maize.
Demand Chopper
Fun South African Fact: Mandela’s house on Vilakazi Street is now a museum. The man who the street was named after, Dr BW Vilakazi, was a poet, novelist and intellectual. He helped develop the written form of both isiZulu and siSwati and helped put together the isiZulu dictionary.
Arsenic Coo
Fun South African Fact: South Africa is home to the oldest meteor scar in the world – the Vredefort Dome in a town called Parys. The site is a UNESCO World Heritage Site.