SA wheat tariff hike won�t impact on local market

Bread prices are unlikely to rise despite a wheat import tariffs hike in South Africa
Bread prices are unlikely to rise despite a wheat import tariffs hike in South Africa

The Botswana Millers Association has assured consumers that the recent increase on South African wheat imports tariff is not expected to impact on local bread and food prices.

Speaking to the Mmegi Business in an interview, Nkosi Mwaba the association’s chairman said the 34 percent increase in the import duty on wheat announced by the South African government last week will have no direct impact on the local market.

“We trade on Safex (South African Futures Exchange) and as of today there has not been any movement of prices of bread and food,” he said.

Editor's Comment
Women unite for progress

It underscores the indispensable role women play in our society, particularly in building strong households and nurturing families. The recognition of women as the bedrock of our communities is not just a sentiment; it's a call to action for all women to stand together and support each other in their endeavours.The society's aim to instil essential principles and knowledge for national development is crucial. By providing a platform for...

Have a Story? Send Us a tip
arrow up