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MANZINI – This means we are now importing expensive cars, says some dealerships.

Mohsin Huzaifa said importing newer models into the country meant that they were paying more as most were expensive and there was the addition of the taxes paid for the vehicles. Huzaifa said the costs of bringing the vehicles into the country meant that they had to transfer them to consumers. He said there was also a challenge which had been brought by the COVID-19 pandemic which resulted in the hike in freight costs. “If you look around, few garages have many cars at the present moment. Most of these now buy one or two as it is expensive,” he said. The businessman also bemoaned what he termed a mess caused by some unscrupulous businesspeople who caused problems for them and then left the country.

Meanwhile, Communications Officer in the Ministry of Finance, Setsabile Dlamini, said the increase in Eswatini’s share of total intra-SACU imports from 9.6 per cent in the revenue sharing framework for 2022/23 to 10.8 per cent in 2023/24 was as a result of such measures. This means that the measures that the ministry has been implementing in order to enhance intra-SACU imports have started paying off.


It is worth noting that the Southern African Customs Union (SACU) receipts for Eswatini increased by 102 percent in 2023/24 from E5.8 billion in 2022/23 to E11.75 billion.  This, according to the Minister of Finance, Neal Rijkenberg, was the highest share that the country had ever received from the regional bloc and the factors that contributed were higher than projected outturn of the 2021/22 Common Revenue Pool (CRP) and the surplus emanating from that will be paid together with the 2023/24 revenue share and also 25 per cent increase in the projected size of the CRP for 2023/24 compared to 2022/23.

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