Gvt reinstates duty on basic goods

The Minister of Finance, Economic Development and Investment Promotion, Honourable Professor Mthuli Ncube has reinstated duty on basic goods.

The reinstatement follows removal of duty 10 months ago when the country was experiencing shortages and unjustified price hikes on the market.

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The country is now well stocked and there is price stability. The Minister has deemed it fit to reintroduce the duty.

Statutory Instrument 10A of 2024 Customs and Excise (Suspension) (Amendment) Regulations, 2024 (No. 272) lists the goods on which duty is now being charged.

The goods are as follows: Cooking Oil, Maize meal, Milk, Sugar, Rice, Flour, Salt, Bath Soap, Laundry Soap, Washing Soap, Washing Powder, Toothpaste and Petroleum Jelly.

The effective date is 1 February 2024.

Aldridge

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