SA may hit Chinese tyres with heavy import duties – that will drive up fares, warns taxi industry | Businessinsider

  • 📰 BISouthAfrica
  • ⏱ Reading Time:
  • 55 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 25%
  • Publisher: 51%

United States News News

United States United States Latest News,United States United States Headlines

SA may hit Chinese tyres with heavy import duties – that will drive up fares, warns taxi industry

Major tyre manufacturers in South Africa are locked in a battle with Chinese imports and want government to impose heavy anti-dumping duties.

These additional costs will be a burden to consumers, and taxi commuters stand to be the hardest hit, according to the National Taxi Alliance.The fight over Chinese tyres in South Africa is heating up, with the taxi and freight industries the latest to warn of price hikes if harsher import duties are imposed.The push for anti-dumping duties, with the main argument being that cheap car, truck, and bus tyres from China have decimated the local industry, isn't new.

During the period under investigation by the Itac – August 2020 to July 2021 – R5.7 billion worth of tyres were imported into South Africa, with almost half coming from China. Charl de Villiers, chairperson of TIASA, argues that the SATMC's application is"absurd" when considering that,"according to their own price lists, the local manufacturers represented import 80% of the variety of tyres that they sell.

"We already estimate that taxi fares need to rise by up to 30% due to rampant petrol price increases," said Theo Malele, spokesperson for the National Taxi Alliance.

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:

 /  🏆 34. in US
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

BISouthAfrica WMC has spoken

BISouthAfrica I hope South Africa doesn't import Michelin tyres from China? Which brands are from China?

BISouthAfrica Shit tyres are very very expensive this day's

BISouthAfrica Of course, more import duties, more money for cadres

BISouthAfrica Since when are we importing from China? And why?

BISouthAfrica I have a serious question. What's the SABS/SANS specifications for the Motor Industry and have the Chinese Tyres comply, we're they submitted for Verification Tests before being allowed to import the tyres into South Africa?.

United States United States Latest News, United States United States Headlines

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

The metaverse won't kill business travel in SA – but high fuel costs may, say experts | BusinessinsiderSouth African companies are unlikely to ditch business travel in favour of metaverse meetings, but rising fuel costs, making flights more expensive, will suppress the recovery of work-related trips.
Source: BISouthAfrica - 🏆 34. / 51 Read more »