Scrap metal exportation

Introduced on May 10, 2013, through a trade policy directive, the Price Preference System (PPS) has been subject to numerous reviews and amendments in recent years. The most recent, which is the... 

Customs data analysis

The World Customs Organisation’s (WCO’s) 2018 ‘Draft Guidance on Data Analytics’ describes data analytics as the process of analysing datasets to discover or uncover patterns, associations and... 

National distress duty relief

In the instalment of this column published on August 20 and titled ‘Looting Survey and Hotline’, I wrote about the announcement, on August 11, by the Department of Trade, Industry and Competition... 

Pluperfect

Heard what happened when the Past, the Present and the Future walked into a bar? It was tense. There must have been some ‘tense’ engagements then at the 2021 Public Economics Winter School. If you... 

Looting survey and hotline

Looting is defined as the act of stealing or the taking of goods by force in the midst of a military, political or other social crisis, such as a war, a natural disaster or rioting. The proceeds of... 

Team South Africa?

Do the names Elaine Thompson-Herah, Shelly-Ann Fraser-Pryce and Shericka Jackson mean anything to you? No? What about 10.61, 10.74 and 10.76? These are the times recorded by the top three women... 

Customs inspections

The Cambridge Dictionary defines an inspection as “the act of looking at something carefully, or an official visit to a building or organisation to check that everything is correct and legal”. As... 

The UK’s trade preferences

The UK’s Department for International Trade (DIT) on July 19 announced an open consultation in its efforts to design the country’s trade preferences scheme for developing nations, with comments due... 

AEO – calling South Africa

Harry S Truman, the thirty-third President of the US, famously said that “there is nothing new in the world except the history you do not know”. In similar vein, Marie Antoinette, the last queen of... 

WCO’s Trade Tools platform

Over the years, I have written numerous articles and conducted extensive research on the cornerstones of customs, which the World Customs Organisation (WCO) calls the 'international trade actors'.... 

Sacu: the oldest of the RTAs

About 132 years ago, the world’s oldest customs union that is still operational was established – and that’s the South African Customs Union, which brought together the Orange River Colony... 

SA’s competitiveness limbo

It is June 17 as I find myself humming Chubby Checker’s Limbo Rock: “All around the limbo clock; Hey, let’s do the limbo rock; Limbo lower now; Limbo lower now; How low can you go . . .” A few... 

Magnificent Seven Plus-1

If you have not been out for a while and need reminding, a ‘plus-1’ is an extra guest allowed on an invitation to a social event. Which begs the question – well, two in fact: Who was the ‘plus-1’,... 

RAF Jekyll and Hyde

The American journalist James Surowiecki avers that, “in the business world, bad news is usually good news – for somebody else”. This is reminiscent of, but perhaps less dramatic than, the Dutch... 

In the mirrel, Cyril

When last did you think about Irvin & Johnson’s Steakhouse Melts? The challenge with ageing, having grown up long before the Internet and Google, is that my memory is just as fragile as the... 

Trade and competition policy

Over the course of two days in May, the Department of Trade, Industry and Competition (DTIC) released two policy statements. Now, a policy is “a course or principle of action adopted or proposed by... 

Message in a bottle

There was a time, not so long ago, when people would send messages in bottles, even when in great distress. This is now frowned upon, since bottles constitute waste or litter that can harm the... 

A digital levy

Ever been so bored that you took to contemplating the difference between a duty, a tax or a levy? You might also have pondered whether a tax is a duty that governments levy. Well, “therein lies the... 

New trade barriers database

Did you know that trade policy barriers such as tariffs and other regulations account for at least 14% of total trade costs? Would you be interested in gaining a sense of the degree of... 

When you hear the signal

It would cost you 47.5c. This begs the question: When last did you phone 1026? This should not be confused with 1023, the directory enquiries number you would dial when looking for a telephone... 

Gagarin’s poyekhali moment

Sixty years ago – on April 12, 1961 – Yuri Gagarin became the first person to fly into space in the Union of Soviet Socialist Republics’ (USSR’s) Vostok spacecraft, in a flight lasting 108 minutes,... 

SA’s recyclate ‘national flower’

Since 1976, the King Protea has been this country’s national flower and also appears on the national coat of arms. Previously, it was the humble Suikerbossie. The King Protea was chosen because it... 

Chewing and bubble gum tax

‘Pigovian tax’, ‘externalities’, ‘negative externalities’, ‘elasticity of demand’, ‘awful self-inflicted impetigo’, ‘limitations’, ‘regulations’, ‘ban on the product’, ‘sugar tax’, ’drug’, and... 

Creative destruction

Nearly every episode of the 1966 classic television series, Mission Impossible – yes, it was on television before it became a movie franchise – started with the now iconic lines, “Your mission,... 

Operation Vulindlela

When, on March 15, I saw a piece on the National Treasury’s website that was titled ‘Operation Vulindlela’ and marked ‘Latest News’, my gut feeling was that it was about a covert operation. In both... 

Excise duties and the Laffer curve

Whoever said “what goes up must come down” never visited South Africa nor heard of excise duties nor understood their application in South Africa and the Southern African Customs Union (Sacu)... 

Fairtrade South Africa

When last, while shopping, did you pause to consider the packaging of the product you had selected? Are you one of those shoppers who turn the product around to contemplate the nutritional... 

Whoa, livin’ on a prayer

Just under two weeks after the State of the Nation Address (SoNA), Finance Minister Tito Mboweni tabled the 2021/22 National Budget in the National Assembly – on February 24. At nearly half the... 

The rand’s Valentine’s Day

On February 14, the South African rand celebrated its sixtieth anniversary, having been introduced following the adoption of the recommendations of the Decimal Coinage Commission in 1958 to replace... 

State of the Nation Address

Too often, we read without comprehension. Let’s take the headline of this piece and break it down. A ‘state’ is a condition someone or something is in at a specific time, a ‘nation’ is a large body... 

Reflections on Brexit

On July 11, 2016, then Conservative Party leader and future UK Prime Minister Theresa Mary said in one of her speeches: “Brexit means Brexit, and we’re going to make a success of it.” Brexit is a... 

Nudiustertian

It is a word that I have always wanted to use as the headline of this column. It is a word that, as I type, is glowing in red; not even the spellchecker recogniseS it. It simply means relating to... 

Are we HS 2022 ready?

Without wanting to sound too dramatic, it is not, apologies to James Carville, “the economy, stupid”, but rather “international trade, stupid”. As the French economist Claude-Frédéric Bastiat once... 

SA’s economic policy

Do you consider South Africa’s economic policy to be a puzzle or a mystery? Should you resort to your favourite search engine and search for ‘South Africa’s economic policy’, the eighth result... 

Reflections on the AfCFTA

January 1 saw the introduction of a fifth preferential rates of ordinary customs duty column in Schedule No 1, Part 1, of the South African Customs and Excise Act, 1964. It adds to the European... 

2020 in hindsight

The old adage that hindsight is 20/20 holds that looking back at a situation or event provides a clearer understanding of the situation or event and what could have made it, or could have been,... 

Occupations in high demand

As Thomas Jefferson once said, “it is neither wealth nor splendour but tranquillity and occupation which give you happiness”. That said, do you know whether your occupation is in high demand? If... 

South Africa’s Limbo economy

According to British rock band Queen, “too much love will kill you; just as sure as none at all”, while Cable News Network’s (CNN’s) take is that “too much bad news can make you sick”. If you read... 

A pledge is what exactly?

As my school memories fade, there is one that is stubbornly refusing to go away: the dreaded pledge page. The most memorable thing about the pledge page was its addictive smell. For the benefit of... 

Bloated, unsustainable and unaffordable

These three words could serve as a collective description of the many ills of the South African economy, and are at the very heart of an impending economic disaster, which is attributable to a...