Auto CEOs more confident about industry prospects
The confidence of chief executives of automotive companies about the outlook for the new-vehicle market over the next six months has improved significantly.
- Industry News
- 11 September 2024
We recently looked at a number of aspects regarding the changes in the Financial Intelligence Centre (FIC) Act that will affect Motor Vehicle Dealers (MVDs) in certain instances.
We covered themes ranging from Vehicle Dealers: From Reporting to Accountable Institutions; Seven key points to become fully FICA compliant; A hefty price to pay for non-compliance to Seven Reasons you should automate your FICA process.
At the end of last year, the Government Gazette published changes to Schedules 1, 2 and 3 of the FIC Act. Motor vehicle dealers were included in the High Value Goods Dealers (HVGDs) category as Accountable Institutions. These new Accountable Institutions were granted an 18-month transitional period by the FIC.
Now with only six months left in the 18-month transitional period, time is ticking away for new Accountable Institutions to become FICA compliant.
Still unsure as to what to do to become FICA compliant? Join DocFox, a leading FICA software provider, for a free 1-hour webinar on the 8th of November at 10:00 to find out whether your business is an Accountable Institution and discover the obligations required to ensure that you are fully FICA compliant.
Topics to be discussed include:
- New Accountable Institutions that need to comply with FICA
- Steps required to be FULLY FICA compliant
- Consequences of FICA non-compliance
• Registration link:
https://us02web.zoom.us/webinar/register/5516983058753/WN_2h1MnoXzQhmWSkfjYpExjg
The confidence of chief executives of automotive companies about the outlook for the new-vehicle market over the next six months has improved significantly.
The lack of access to the complete history of a vehicle from the Cradle to the Grave is hindering efforts by industry players to establish transparency and disclosure in the market and open the doors to a safer mobility solution.
The newly appointed Jetour South Africa Vice President, Nic Campbell (photo), says that the brand is poised to establish a new standard of excellence in the local automotive industry.
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Have you ever noticed that anybody driving slower than you is an idiot, and anyone going faster than you is a maniac?
George Carlin
The confidence of chief executives of automotive companies about the outlook for the new-vehicle market over the next six months has improved significantly.
The lack of access to the complete history of a vehicle from the Cradle to the Grave is hindering efforts by industry players to establish transparency and disclosure in the market and open the doors to a safer mobility solution.
The newly appointed Jetour South Africa Vice President, Nic Campbell (photo), says that the brand is poised to establish a new standard of excellence in the local automotive industry.