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ITAC Considers Safeguard Measure Against Increased Imports of Bolts

February 2, 2021

Department of Trade, Industry and Competition

The International Trade Administration Commission (ITAC) seeks comment on a proposed safeguard measure against increased imports of bolts with hexagon heads of iron or steel.

The trade, industry and competition department published the call for comment in Government Gazette 44103.

Following initiation of an investigation, ITAC made a preliminary determination that “events cited by the applicant can be regarded as unforeseen developments that led to increased volumes of imports; the SACU industry is suffering serious injury; there is a causal link between the serious injury suffered by the SACU industry and the surge of imports; and there are critical circumstances were a delay would cause damage that would be difficult to repair”.

ITAC further determined to impose provisional payments of 31.8% ad valorem on imports of bolts with hexagon heads of iron or steel for a maximum of 200 days, pending the finalisation of the investigation.

Submissions are invited within 14 days of the date of publication.

In Notice 25, the department invites representation on a proposed increase in the rate of customs duty on dumpers designed for off-highway use, classifiable under tariff subheading 8704.10.90, from free of duty to 10% ad valorem.

The applicant, Bell Equipment Company SA (Pty) Limited, submitted that, in the current economic climate, it is difficult to maintain production volumes at a level where current facilities and work force is justified and loss of sales to importers has a negative impact on the employment levels across the value chain.

Representation is invited within four weeks of the date of publication.

In Notice 26, the department listed mergers approved by the Competition Tribunal.

Mergers include the acquisition of Cavalier Group of Companies (Pty) Ltd by SPE MID-Market Fund I Partnership; Tupperware Holdings SA (Pty) Ltd by Bachique 813 (Pty) Ltd and South32 SA Coal Holdings (Pty) Ltd by Thabong Coal (Pty) Ltd.