EDITORIAL: The hidden cost of stagnation
Potential overpayment of R81bn in import duties is wake-up call
03 September 2024 - 14:16
A silent crisis has been brewing for over two decades in the bustling corridors of SA’s cross-border trade.
Picture this: a Transnet cargo train sitting idle on the tracks for years, its cars rusting and its wheels locked in place by time. This is the state of our import duty system, where a staggering R81bn (https://www.businesslive.co.za/bd/companies/2024-09-02-sa-companies-may-have-paid-too-much-in-import-duties-report-shows/)has potentially been overpaid by companies, all due to a lack of timely reviews. ..
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