Tag: Cova Advisory
Special Economic Zones need to all be more special
You don’t need to be a Nobel economics laureate to know that with the world’s highest rate of unemployment, South Africa needs to attract a lot more job-creating investments. One of the Department of Trade, Industry and Competition’s (DTIC’s) flagship programmes is the Special Economic Zones (SEZs), a new iteration of what we used to call Industrial Development Zones (IDZs).
AfCFTA: how local importers and exporters can maximise the potential
With these words, a webinar on the new African Free Trade Area (AfCFTA) was launched to discuss the importance of assessing the current trade relations with Africa, and how the new agreement will enable them to build on this. The AfCFTA, which came into force this year, is the largest trade agreement in the world, and aims to double intra-Africa by 2022.
Export taxes – do they make sense for South Africa?
South African businesses involved in cross-border trading need to be aware of potential export taxes on the horizon. Export restrictions are on the rise, with export taxes becoming more prevalent. It’s important to note that the South African Customs Act has, for the first time, been amended to deal with export taxes.
