The Department of Trade, Industry and Competition dtic is planning amendments to the ad valorem tax on new vehicles to improve the affordability of some cars, particularly entry-level models.
It has also indicated that it may seek to address the dominance of imported vehicles in the South African market, the bulk of which are from India and China.
Andrew Kirby, vice president of manufacturing at automotive business council Naamsa and president and CEO of Toyota South Africa, said on Tuesday he was very pleased the dtic had acknowledged that the ad valorem tax is one of the elements of the industry programme that should be rethought.
