Major retailers warned about new tax on peanut butter in South Africa

• The International Trade Administration Commission (ITAC) has recommended a 20% import tariff on peanut butter in South Africa to support domestic producers.
• The tariff is intended to address a previous pricing anomaly where raw groundnuts faced higher duties than the finished product, giving international competitors an unfair advantage over local manufacturers.
• ITAC will monitor local producers and retailers to prevent unjustified price hikes, and the watchdog hopes the tariff will strengthen domestic production and contribute to South Africa's long-term food security.