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Furniture Industry Masterplan in the Pipeline

January 24, 2020

Department of Trade and Industry

24 January 2020

A Furniture Industry Masterplan is in the pipeline.

The trade and industry department confirmed this in a statement announcing that workshops with stakeholders across the furniture industry value-chain will be conducted.

The workshops, to be held in five provinces, will be run in conjunction with the South African Furniture Initiative.

According to the statement, the aim of the envisaged Masterplan is to “grow and protect the South African furniture industry, as well as to promote industrial development in the sector”.

The workshops are scheduled for the Western Cape, Mpumalanga, KwaZulu-Natal, Eastern Cape and Gauteng from 28 January – 6 February 2020.

The deputy minister of trade and industry, Nomalungelo Gina, pointed out that the Industrial Policy Action Plan highlights the “furniture industry as an important sector in the South African economy, in terms of labour-intensity and potential for the development of SMMEs, and improved export capability”.

Meanwhile, the International Trade Administration Commission (ITAC) has received an application to create a rebate provision for styrene-butadiene rubber used to manufacture tyres.

The department, in Government Gazette 42967, indicates that the application was received from Sumitomo Rubber (Pty) Ltd.

The company claims that the customs duty on styrene-butadiene rubber imposes additional input costs in the tyre manufacturing process.

ITAC also received an application from BSN Medical (Pty) Ltd to increase the extent of rebate for rebate item 306.02/5208.21/01.06 from full duty less 11% to rebate of the full duty for woven fabrics of cotton used to manufacture wadding, gauze, bandages and similar articles.

According to the applicant, an increase in manufacturing costs necessitates the need for full duty.

Comment on both applications is invited within four weeks of the date of publication.

In Notice 12, the economic development department listed mergers approved by the Competition Tribunal.

Approved mergers include the acquiring of Cennergi (Pty) Ltd by Exxaro Resources Ltd, Eqstra Investment Holdings (Pty) Ltd by Bidvest Bank Ltd, Edcon Ltd by RCS Cards (Pty) Ltd and ABSA Bank Ltd by RCS Cards (Pty) Ltd.