According to SA Customs, duties are paid on only 40 % of the declared exports from China to South Africa. In other words, 60% of our imports from China is not declared. Customs is therefore losing out on 60% of the tax they should have collected!
The vendors at flea markets mostly charge VAT, but are not registered and therefore pocket an additional 14% of your money. There is of course no guarantees and no refunds. If the quality is no good - that's your problem.
The local shopkeeper pays rent, water & lights, UIF, licences, taxes, minimum wage and then hope to have something left at the end of the month. He will also exchange defective goods. No wonder he can not compete!
Did you like this article? Share it with your favourite social network.