The latest Import Duty Investigations Report from XA Global Trade Advisors, has revealed that 93% of tariff codes in South Africa have not been reviewed for more than 20 years.

The report further shows that in the period from July 2023 to June 2024, four and a half billion dollars in customs duties was paid.

Donald MacKay, CEO at XA Global Trade Advisors says if only 10% of these duties are found to no longer be appropriate, this would put 447 million dollars per annum back into the productive part of the economy.

Thami Ngubeni spoke to Mr MacKay to unpack this.