Local retail and logistics industry stakeholders have welcomed an intervention to protect South African retailers.
The move is an attempt to “level the playing field” for local retailers following criticism that Chinese firms Shein and Temu are “abusing” tax loopholes to gain an unfair advantage in the local market by allegedly breaking up large shipments into “small packages”., a logistics firm with a strong focus on last-mile fulfilment. “It is crucial that local businesses are given a fair chance to compete.
The interventions follow collaboration between various industry players and the South African Revenue Service . South Africa has a vibrant e-commerce sector, with both homegrown and international players serving local consumers. This year has seen rivalry intensify with the entrance of large foreign players, with China’s Temu launching in January and US giant Amazon launching an online marketplace in May.
“Everyone has to pay the full customs duties and the full VAT,” said outgoing trade minister Ebrahim Patel, according to a report in the Sunday Times at the weekend. “This ensures South Africa is not left poorer as a result of any gaps in our regulatory environment.”
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
ESET's Adrian Stanford: how AI will transform cybersecurityESET's Adrian Stanford tells TechCentral that AI will bring about fundamental changes in information security.
Read more »
It's Jensen's world now - TechCentralJensen Huang wasn’t on the official Computex 2024 programme in Taipei this week, but he didn’t need to be.
Read more »
TechCentral achieves record readershipTechCentral has notched up significant growth in 2024, and in May achieved its highest-ever monthly readership.
Read more »
Ether leads fresh crypto rally - TechCentralEther has surged, leading a rally in digital assets amid growing speculation about approval of one or more ETFs.
Read more »
Big hike in Altron dividend - TechCentralAltron Group has hiked its final dividend for the 2024 financial year by 74% after reporting strong financial results.
Read more »
The best companies in tech have one thing in commonPromoted | TechCentral serves a large and growing audience of real decision makers in South African IT.
Read more »