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CLARITY ON THE EXTENSION OF THE DIESEL REFUND TO MANUFACTURERS OF FOODSTUFFS
In the 2023 budget speech, the Minister of Finance announced the following tax relief measures in an effort to address the current load-shedding problem the country is facing:
“Government implemented the diesel refund system in 2000, to provide full or partial relief for the general fuel levy and the RAF levy to primary sectors. The refund system is in place for the farming, forestry, fishing, and mining sectors. In light of the
current electricity crisis, a similar refund on the RAF levy for diesel used in the manufacturing process (such as for generators) will be extended to the manufacturers of foodstuffs. This will take effect from 1 April 2023, with refund payments taking place
once the system is developed and will be in place for two years until 31 March 2025. This relief is implemented to limit the impact of power cuts on food prices.”
Read SARS communication to stakeholders
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“SUCCEED WITH POLAND”: AUTOMOTIVE WEBINAR
7 JUNE 2023 @ 10:00-11:15 (SAST)
The event will feature industry experts, who will share their insights
and expertise surrounding Poland as a leading European automotive hub, electromobility, rail, and the hydrogen economy.
The programme will include H.E Adam Burakowski, Ambassador of Poland to South Africa; Mr Jakub Farys, CEO of the Polish Automotive Industry
Association, and representatives from the Polish Investment and Trade Agency.
More information is in the attached invitation.
Click here to register. A confirmation email will
then be sent with the link
to join the webinar
Click here for the event speakers and programme
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BUSA CARGO MOVEMENT UPDATE – 26 MAY 2023
This update – the 138th of its kind – contains a consolidated overview of the South African supply chain and the current state of international trade.
Read the full report
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SACU MEMBERS SIGN MUTUAL RECOGNITION ARRANGEMENT
Accredited traders in Botswana, Eswatini, Lesotho, Namibia and South Africa will benefit from lower trade costs and quicker turn-around times for imports and exports, because of a Mutual Recognition Arrangement
signed today by the five Member States of the Southern African Customs Union (SACU).
The Heads of Revenue Administrations in Botswana, Eswatini, Lesotho, Namibia and South Africa, have agreed to recognise each other’s importers and exporters who have been granted the status of an Authorised Economic Operator (AEO). Traders who are AEOs across
the SACU region will benefit from fast-tracked controls and reduced administration costs for customs clearance.
Read the joint media release
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7TH INTERNATIONAL ISTANBUL HARDWARE FAIR
24-27 AUGUST 2023 – ISTANBUL EXPO CENTER, TÜRKIYE
Visit the website for
information on the Fair
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BEAUTY ISTANBUL
2023
27-29 SEPTEMBER 2023 – TAKSIN-ISTANBUL, TÜRKIYE
Exhibitors include manufacturers, brands, private label and contract manufacturers and suppliers in personal care, skin care, make-up, hair care, perfume, natural & organic, home care & cleaning products,
dermocosmetics,
nail care, OTC & Pharmaceuticals, baby care, beauty accessories, professional beauty, hair salon equipment and furniture, private label, ingredients, packaging and machinery categories.
Visit the
website for more information
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Articles courtesy of FTW
* TFR shuts ore corridor after cable theft blackout
Read more
* Transnet lays out plans for Port of Richards Bay
Read more
* Smuggling of Cigarettes at Beitbridge Border post
Read more
* Expense at Port of Walvis Bay exposed by Regulator’s study
Read more
* Kenya pushes to ditch the dollar
Read more
* African economies face stagflation – World Bank
Read more
* African Union on track to improve continent’s railway sector
Read more
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ATTENTION MEMBERS OF THE TRADE FRATERNITY
We call on JCCI members involved in import/export to be our eyes
and ears and let us know if you become aware of an issue that affects traders. JCCI CEO Bernadette Zeiler,
bernadette@jcci.co.za, would
welcome your news.
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