Consumers should expect retail price hikes to follow after the import duty on sugar rose from R2 246 per ton to R3 040 per ton last week.
Chief Economist at Econometrix, Azar Jammine said the tariff increase was not a sensible decision in light of the current drought affecting the local sugar producers.
Jammine said proper research should be done before introducing such measures, as they do little to help local industry and production.
Listen to the full conversation from CapeTalk's Breakfast with Kieno Kammies:
This article first appeared on 702 : Price hikes expected as tariffs increase on imported sugar