South Africa: Peanut Butter Price Hike Fears After Import Tax Approved

Trade officials in South Africa have approved a new 20 percent import duty on peanut butter to protect local manufacturers who are struggling to compete with cheaper overseas products.

The decision has raised concerns over potential price hikes for consumers. Peanut butter currently serves as one of the country's most affordable sources of protein, with a standard 400-gram jar already priced between R39 and R55 across many local supermarkets.