The Department of Trade, Industry and Competition is proposing a 38.8% anti-dumping protection levy on the importation of tyres into South Africa.The cost of keeping a vehicle on the road could get even more higher. This along with other costs of living that continue to spiral out of control. Rising food and energy prices and are some of the current pressures behind the latest 7.8% inflation rate.
When adding the anti-dumping levy, tyre prices will increase by a massive 44.7%. The Road Freight Association, CEO, Gavin Kelly says this hike is untenable for any transport operation. This hike will also be felt across the board as it will be passed on consumers. The association says the increase will have an impact on operational costs of transport, which will see the price of transportation of goods go up by at least 8%.
“Right now in South Africa we have an unemployment problem and because of COVID things have gone up, petrol has gone up and food prices too. So this increase will definitely hurt us because the situation we are in is already tough.”
Useless government...why can't they stop this fong Kong tyres from China and be Proudly South Africans for once.
You just have to take the whole Africa to China because WOW!
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Why does the gvt allow such exploitation by these Chinese? Either they setup factories here or they ship out. No to cheap imports!
Introduction of higher import tariffs wl benefit corrupt duty officials and still flood the Chinese tyres. Blocking imported tyres wl be of great value as tt wl promote local brands.
No tariffs needed juat block those imports!
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