GETTY IMAGESThey estimate that this robs the SA fiscus of billions of rand each year in potential taxes and levies.For more financial news,Illegal imports of thousands of vehicles are likely costing the South African fiscus about R4 billion in potential income from taxes and levies each year, according to Mike Mabasa, CEO of the National Association of Automobile Manufacturers of SA .
An estimated 50 000 vehicles are imported to SA illegally each year through channels other than those of the manufacturers or official distributors. These are generally second-hand vehicles. Another method of getting illegal vehicles into SA is via land borders. NADA estimated that 214 000 vehicles entered SA via land borders more than 12 months ago and have not returned to their country of registration. "There are strong regulations in place regarding the importation of pre-owned vehicles or used parts, but unfortunately, there is little control over so-called illegal imports that come into the country through the many border posts," it says.
"Finding ways of tightening up border controls to fight this illegal practice is not only in the interests of the local automotive industry but also a legitimate way of increasing income for the fiscus, which is in the national interest," says NADA. According to NADA, illegal vehicle imports are increasingly coming via Pakistan. They are usually Japanese brands.Mabasa agrees that the issue of illegal vehicle imports is a big challenge.
_Business How do you illegally import a car to SA 🤔
_Business south africa is loosing money in all corners cigaret smuggling,gold smuggling,cars import,criminals getting our free .this country is runned by useless anc cadres.nxa .what they know is to steal via tendering n donations for lethuli house
_Business They must do it, prices of cars are crazy in South Africa!
_Business They can cost them but people are sick and tired of they scams of charging so much for cars, with they banks
_Business Cars are expensive here…you all want us tight down with installments make cars affordable or we will keep supporting foreign car businesses
_Business in every sector of economy there's a criminal syndicate operating. this just shows that the current government is unfit to rule & completely lost control of the country.
_Business Simple: Prevent South Africans reaidents from driving cars with foreign number plates
_Business How do you import a car illegally? 🤔
_Business Lies havaal is giving German cars heart attack
_Business The value chain beneficaries must be named and prosecution take place.
_Business So why is it allowed ?
_Business Import duties are outrageously too high. Way too high. What a rip off.
_Business Useless government
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_Business Cars cost 30% more here. I hate this gov.