The South African economy is losing out on billions of rands in revenue due to a loophole in its import laws.
South Africa’s economy is losing billions of rands in potential income through taxes and levies due to the illegal importation of motor vehicles.
The National Director of NADA, Gary McCraw, noted half a million cars with foreign registration plates had been recorded on South Africa’s roads in the last five years by the Vehicle Intelligence Data System . Other notable statistics related to the illegal importation of these illegal vehicle imports, as outlined by the National Director of NADA Gary McCraw, are:
In South Africa, used vehicles are not allowed to be brought in for sale but may be imported through a port with the intention of exporting the car to a neighbouring country, and it is believed that this policy is being exploited as a loophole, said the NADA.
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