Department of Trade and Industry

The poultry industry is facing a new crisis that could cause more than 12,000 jobs to be lost in the industry.

The SA Poultry Association is accused of having employed a so-called “gate-waiting” strategy when applying their 82% tariff increase to poultry imports.

The application was sent to the International Trade Administration Committee, which has to make the decision in conjunction with the Department of Trade and Industry.

The suspicion is that a 66% increase in the import levy will be approved, but the unpredictability in the department may yield other surprises.

The poultry industry has suffered major losses over the past few years when the government imported tons of frozen chicken carcasses from the US, the grade of which is much weaker than the domestic product.

An increase with the import levy will protect the SA industry as farmers in the US and European countries are heavily subsidized and, consequently, can
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TAU SA expressed concern about the statements made on public forums by the ANC government where advocacy is being made to use SA’s pension capital for investment in so-called fixed assets. The size of the exit funds can make a huge impact on the national economy; according to the 2017 annual report of the pension fund registrar, the total assets of pension funds currently amount to R4.2 billion, where public sector pension funds (GEPF) make up 40% of the total amount.

According to TAU SA, the only two remaining assets on which the regime can further tarnish are land and pensions. Everyone is aware of the ANC’s plan to expropriate land without compensation. The writing is now also on the wall for South Africa’s pension money. Kobus Oberholster, Head of TAU SA’s Financial Wellness Desk says they can’t sit still and allow our people’s hard-earned pension, built up over decades, to be dumped into bottomless pits of Eskom, SAA, PRAS
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