The ministry of finance has approved a 34% import tariff increase on wheat imports to R1 224.31 per tonne from R911.20 per tonne. The National Treasury granted Grain SA’s request but, in a statement, expressed concern about the effect of the automatic tariff formula on the price of bread and other staple food. A spokesperson said therefore that Treasury had asked trade and industry minister, Dr Rob Davies, to institute an urgent review of the increase. The controversial request by Grain SA has met with some opposition. The National Chamber of Milling (NCM) executive director, Boikanyo Mokgatle, said recently: “Why […]