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Special Economic Zones need to all be more special

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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).

COVID-19 and counterfeit goods: criminals exploiting a health crisis?

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During the global COVID-19 pandemic, governments around the world implemented national lockdowns to contain the spread of the virus. As a result, borders were closed to passengers but specified cargo and retail goods for certain essential products and supplies were permitted.

Export taxes – do they make sense for South Africa?

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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.

Treasury’s Special Budget is up against significant challenges

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On Wednesday, 24 June, Minister Mboweni will table a Special Adjustment Budget. This is an extraordinary event, precipitated by the effect of the COVID-19 outbreak that has caused so many deaths and ravaged great parts of the economy.

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