Scrapping of VAT increase, widely welcomed
The National Treasury’s announcement on the scrapping of the proposed increase in Value-Added Tax (VAT) has been widely welcomed.
- Industry News
- 24 April 2025
Absa Vehicle and Asset Finance has partnered with Cars.co.za to bring more qualified leads to South African dealers.
Absa Vehicle and Asset Finance and Cars.co.za recently embarked on a roadshow across South Africa to introduce dealers to a new way of getting high quality, qualified leads.
The two powerhouses in the automotive industry have developed a WhatsApp-driven process that will see interested customers engage with Absa via WhatsApp to test a vehicle's affordability.
On initial approval, the customer is connected with the relevant dealer and given the option to finance their vehicle, with full control and commission remaining with the dealer.
See highlights from their roadshow here:
The National Treasury’s announcement on the scrapping of the proposed increase in Value-Added Tax (VAT) has been widely welcomed.
A Cape Town vehicle repairer, who has had a consumer’s vehicle for almost two years and failed to complete repairs to the vehicle by an agreed date, has been fined R100 000 by the National Consumer Tribunal and ordered to refund the vehicle’s owner the R77 000 he paid for the repairs.
Widespread rains over large parts of South Africa recently led to rivers breaking their banks and, in some cases, flooding streets and homes. The volume of water has raised concerns among agricultural economists over possible damage to crops.
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Inefficiency in a dealership is often not that obvious and that is why it is difficult to identify and address.
In the face of a shifting premium automotive market, Audi South Africa is also currently re-aligning its retail operations according to the new reality where the premium vehicle sector has contracted to nearly a third of its size compared to a decade ago, with 2024 marking the lowest level yet.
The commercial vehicle industry has seen a complete shift in the market over the past year. Despite challenging market conditions, Daimler Truck Southern Africa (DTSA), along with its dealers and general distributors, successfully navigated the landscape to deliver great results, it says.