AYABONGA CAWE: Border tax on carbon-intensive products puts exporters at risk
Lionel Adams and Mandla Madwara established a company more than five years ago. Their company, Africa Auto Group, supplies e-coating services to component manufacturers and assemblers in the automotive, consumer electronics and renewable energy sectors.
Employing 18 workers, Africa Auto Group was one of the many firms that got a “shout out” from the trade, industry & competition minister in his quarterly update to legislators last week. If the cross-border adjustment mechanism (CBAM) widens its scope beyond upstream steel, chemicals and other products, Adams and Madwara may be out of pocket. Or so it seems. ..
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