Renewable Energy Sector: Massive import and export review.

RENEWABLE ENERGY SECTOR

MASSIVE IMPORT AND EXPORT REVIEW

Dear employer

If you operate in any subsector of the renewable energy industry, you need to be aware of ITAC’s most comprehensive review planned.

ITAC’s review will consider the increasing of tariffs on 82 tariff codes in the renewable energy value chain “to the extent that there is capability or potential to manufacture them locally in order to improve the overall tariff structure and the effective rate of protection”.

This increase is connected not only to current capacity, but also to possible future capacity to produce locally. If implemented, this would raise the duty liability on these products from R371 million to R7.2 billion, based on 2024 imports.

For more information

NEASA Media Department

media@neasa.co.za

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