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EXCLUSIVE-S.Africa’s COVID-hit carmakers ask govt to cut taxes on new cars

EXCLUSIVE-S.Africa’s COVID-hit carmakers ask govt to cut taxes on new cars

EMMA RUMNEY  SOUTH Africa's carmakers have asked the government to reduce taxes on new vehicle purchases as part of a proposed stimulus package for the coronavirus-hit sector, according to a presentation from an industry body seen by Reuters. The proposal, aimed at boosting local sales of new cars as rising coronavirus cases threaten demand in key export markets, was presented to the government on Monday by the National Association of Automobile Manufacturers of South Africa (NAAMSA), its chief executive Mike Mabasa said. NAAMSA represents global car giants like Nissan and Toyota which produce vehicles in South Africa, with around 64%…
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