naamsa welcomes R1,8-billion to fight grey imports
According to naamsa CEO Mikel Mabasa, based on the suite of taxes applicable to new car sales locally, naamsa estimates that the impact of grey imports is costing the fiscus R3,8-billion per annum.
Wednesday, 10 March 2021, 16:01
Mikel Mabasa, naamsa CEO
MOTORING NEWS - The Automotive Business Council naamsa has welcomed the allocation of R1,8-billion in the national budget to curb grey imports and illicit cross-border activities.
More than 300 000 of the 12,7-million cars on South African roads are grey imports. According to naamsa this figure is growing at 30 000 vehicles per annum, displacing new car sales and harming the economy.