💨 Abstract

Grey vehicle imports are significantly affecting South Africa's economy, costing billions annually due to evasion of import duties and VAT. These illegal imports, mostly unregistered, pose safety risks to buyers as they often fail to meet South African safety standards. Approximately 50,000 illegal vehicles enter the country annually, with nearly 4% of all vehicles being grey imports.

Courtesy: www.thesouthafrican.com

Summarized by Einstein Beta 🤖