Hidden threat to South Africa’s automotive industry

  • 📰 BoksburgNews
  • ⏱ Reading Time:
  • 31 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 16%
  • Publisher: 51%

General News News

Ireland Ireland Latest News,Ireland Ireland Headlines

Breaking Stories

Grey vehicle imports pose a serious threat to South Africa’s automotive industry, economy and public safety.

These vehicle imports, used cars brought into South Africa through unauthorised channels, are a growing concern. While they may seem like a bargain, the risks far outweigh the perceived savings. Lost revenue: Grey imports cost the government billions in lost tax revenue, hindering essential public services.

Unfair competition: Grey imports create unfair competition for authorised dealerships, undermining their ability to operate sustainably. Substandard quality: Grey vehicles often lack essential safety features like airbags and anti-lock braking systems, increasing the risk of accidents.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 40. in İE

Ireland Ireland Latest News, Ireland Ireland Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

The hidden cost of South Africa’s restaurant industrySouth Africa's restaurant industry is facing a crisis of exploitation - underpaid staff, long hours and broken labour laws. What's next?
Source: TheSAnews - 🏆 25. / 59 Read more »

South African defence industry open for business - SABC News - Breaking news, special reports, world,South Africa’s state-owned defence company, Denel, say it is open for business. The company used Africa Aerospace and Defence (AAD) 2024 to clearly
Source: SABCNews - 🏆 37. / 51 Read more »