Explosive growth of the company behind Temu and Shein’s success in South Africa

  • 📰 mybroadband
  • ⏱ Reading Time:
  • 56 sec. here
  • 10 min. at publisher
  • 📊 Quality Score:
  • News: 54%
  • Publisher: 67%

Buffalo International Logistics News

Headline,Shein,South African Revenue Service (SARS)

Buffalo International Logistics’ public employee data shows that the company has experienced tremendous growth in a very short period.

Specialist China-Africa import and customs clearance provider Buffalo International Logistics has grown substantially in recent years, increasing its staff complement from around 33 people in 2022 to 127 today.

Buffalo has become the go-to logistics provider for online retailers that import goods from China, like Shein and Temu, by providing fast shipping and quick customs clearance.to be its logistics provider for Zando Global, an import service similar to Shein. The certification was issued for five years and, according to SARS, grants it access to expedited processes, fewer and faster inspections, exemptions from certain customs supervision, and reduced security deposits.

It has integrated with South African customs, local banking systems, and several express companies. It also owns a fleet of 300 vehicles. Buffalo also said that by 2022, it had the highest local customs clearance volume in South Africa, completing five times DHL’s volume. Clothing imports attract a very high duty in South Africa. Therefore, declaring orders incorrectly may help the importer and end customer pay less and undercut local retailers.flagged suspicious practicesLawrence said it may be that their logistics provider is not declaring parcels accurately, rather than Shein and Temu trying to dodge tax.

 

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:

 /  🏆 11. in MY

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines