Africa

Govt proposes six-month scrap metal ban to combat cable theft | Fin24



A crate of copper cables.

The authorities is hoping {that a} six-month ban on the export of scrap and waste steel will reduce down on the theft of copper cables, which has contributed to energy outages and left trains stranded. 

A new draft policy proposal published on Friday outlines the state’s plans to fight the commerce in stolen scrap steel, which causes billions of rands of harm to SA’s financial system yearly. 

The plan, which has been printed for public remark, features a sequence of interventions to ratchet up stress on criminals making the most of stolen steel, notably copper cables. 

The key intervention within the first section of the plan is a proposed six-month export prohibition on scrap and waste steel, together with copper cables.

It may even embrace the institution of an inter-departmental process drive and the tightening of allow necessities. Phase 2 of the plan features a new allow system for scrap steel exports. Alternatively, the export ban may very well be prolonged. 

This section may even see the introduction of extra reporting necessities, restrictions on who can promote copper scrap, and restrictions on the ports and land borders for use by exporters.

READ | Scrap metal draft policy on the way by late July, says Patel

The third and closing section of the plan will take into account banning the usage of money in scrap steel transactions altogether.

“Research found that the export of metal provides a crucial monetisation channel for criminals, and South Africa’s ports and borders are not adequately resourced to prevent the export of stolen scrap and semi-finished metal products,” the federal government mentioned in a press release. 

The public has 21 days to touch upon the proposals. 

Find a duplicate of the proposals here

We dwell in a world the place information and fiction get blurred

In instances of uncertainty you want journalism you’ll be able to belief. For 14 free days, you’ll be able to have entry to a world of in-depth analyses, investigative journalism, prime opinions and a spread of options. Journalism strengthens democracy. Invest sooner or later at this time. Thereafter you can be billed R75 per thirty days. You can cancel anytime and in the event you cancel inside 14 days you will not be billed. 



Source link

Back to top button