The government is unlikely to back further tariff hikes in the sugar industry, saying the protectionist strategy needs to be phased out in favour of one based on competitiveness.

Department of trade and industry officials told MPs on Wednesday that an export orientation had been adopted as a pillar to support industry competitiveness. That would include  targeting the African continental market via the African Continental Free Trade Agreement (AfCFTA).

BL Premium

This article is reserved for our subscribers.

A subscription helps you enjoy the best of our business content every day along with benefits such as exclusive Financial Times articles, ProfileData financial data, and digital access to the Sunday Times and Sunday Times Daily.

Already subscribed? Simply sign in below.



Questions or problems? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now