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
Despite potential headwinds, South Africa’s automotive industry remains committed to long-term growth and resilience.
As the Automotive Business Council (naamsa) celebrates its 90th anniversary, this milestone highlights the industry’s remarkable adaptability. The pace of change in the next decade is expected to surpass anything witnessed in the past nine decades, driven by economic shifts, rapid technological advancements and evolving consumer trends.
The post-pandemic recovery in vehicle sales affirms the sector’s ability to weather economic cycles, with agility playing a key role in sustaining future growth, naamsa says during its comment on the March new-vehicle sales figures that were just released and show some positive trends.
Reinforcing its commitment to industry transformation and strategic collaboration, naamsa announced that the 2025 SA Auto Week [SAAW] would be hosted in the Eastern Cape from 1 to 3 October 2025 under the theme, “Reimagining the Future, TOGETHER: Cultivating Inclusive Growth and Shared Prosperity”.
SAAW 2025 aims to mobilise new investments into the auto sector, fostering growth and reindustrialising South Africa’s manufacturing base.
As South Africa’s premier automotive conference, SAAW 2025 will convene key stakeholders – including auto professionals, global vehicle OEMs, component manufacturers, regulators, policymakers, investors, business and political leaders, as well as decision-makers from around the world – to drive innovation, strengthen global partnerships and shape the future of the industry in an evolving economic landscape, naamsa states.
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.
Advertisement
Advertisement
Human beings have an innate inner drive to be autonomous, self-determined, and connected to one another. And when that drive is liberated, people achieve more and live richer lives.
Daniel Pink
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.
The 2025 Best By Awards, announced by Kelley Blue Book, reflect the rapidly shifting landscape of the automotive market not only in the USA, but also elsewhere.