The draft policy changes are a direct outcome of president Ramaphosa’s 2022 State of the Nation Address, where he promised to tackle growing instances of criminality in the scrap metal value chain – particularly with copper theft and other metals stolen from public infrastructure.
According to the DTIC, citing research from the Trade and Industrial Policy Strategies and Genesis Analytics, copper theft from the country’s rail network and electricity grids carries an annual economic cost exceeding R45 billion in 2020/2021. Criminals are able to easily conduct their black market businesses because it’s cheap to import furnaces to transform the metals, and there is no formal permit or registered trader regime in place to identify the legitimate sellers from the dodgy ones.Imposing a six-month ban on the exports of scrap metal from South Africa;
“The temporary prohibition on exports of waste and scrap metal and the creation of a permit system for the export of semi-finished metal is likely to lead to a material reduction in the theft of metal from the country’s infrastructure, including its energy and transport infrastructure, which will have significant benefits to the South African economy,” the department said.
Source: News Formal (newsformal.com)
Get it done Guvmint. Don’t just talk about it.
Sellers should produce an official iD and proof of address and show how they obtained the metal/scrap metal. Scrap yard should be regulated and regular spot checks
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