Tax measures targeting cheap imports from Temu and Shein have kicked in, with SARS looking for further changes in the months ...
According to Webber Wentzel, previously online retailers like Shein and Temu could use the de minimis rule ... globalisation and lack of innovation in South Africa. South Africa exports textiles and ...
The Chinese retailers are likely to have played a part in Woolworths’ profit crashing in its last financial year.
The so-called de minimis rule had allowed South Africa’s buyers of Shein and Temu clothing to get parcels of under a value of R500 through customs with only a 20% import duty and 0% VAT.
Imported goods are subject to customs duties and a 15% VAT rate based on their value, which must be paid to Sars.
Temu and Shein’s courier partner in South Africa, Buffalo International Logistics, says it has not experienced undue customs delays but expects new rules will impact its delivery times.
A South African retailer has entered into liquidation after having its operations shredded by Shein and Temu entering the ...
Many South Africans can name at least 10 people who have purchased trendy clothes from Shein or Temu. They provide hundreds of new styles weekly, and produce affordable fashion worldwide.
Chinese e-commerce platforms are investing more resources to expand their presence in Africa, helping local farmers sell ...
Two women are seen laughing hysterically when they come across a security guard who looks just like South Africa's President, ...
South Africa's textile industry plays a significant role in the country's economy, contributing to job creation, economic ...
Temu did not immediately respond to CNBC’s request for comment. Get the best of CNBC Africa sent straight to your inbox with breaking business news, insights and updates from experts across the ...