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Why steel import tariffs should be scrapped

Posted in: Podcasts
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Date Added: 2016/08/31

Gerhard Papenfus was interviewed on Power FM, discussing why steel import tariffs should be scrapped.

Gerhard Papenfus, is of the opinion that Amsa has failed to upgrade their out-dated steel plants. Instead they convinced government to introduce tariffs in order to protect them against cheaper high quality Chinese steel. ITAC’s chief commissioner, Siyabulela Tsengiwe, said several parties had been consulted regarding the import tariffs. The increase in import tariffs on primary steel products from zero to 10 percent in the period between September 2015 to June 2016 was as a result of rigorous investigations conducted by Itac. All interested parties  had ample opportunities to make their submissions.

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