Looks like the economic meltdown in Zimbabwe has crossed the border into neighbouring South Africa as Mussina Car dealers close shop due to low business. The Chronicle reports that the Beitbridge border post-SA side car dealers have resorted to relocating to Botswana, Mozambique, Namibia etc as sales plummets.
So far it’s reported that 15 dealers have closed shop with other dealers said to be contemplating moving to other countries. Some of the car dealers who spoke to the publication said;
Business is low my brother, some dealers have closed shop and moved to Namibia, Botswana, Lesotho and Mozambique.
Where we used to sell 40 cars daily we now recording 10 vehicle sales. Though we have tried to run special offers, the situation is not improving.
According to the few clients who still come, the payment of import duty in foreign currency is affecting their buying power. In addition, the car dealers are seeking new opportunities in other countries
We have to reduce prices otherwise the business will fold
Many reasons have contributed to the low sales being experienced on the other side of Limpopo. One dealer said the charging of duty in forex had contributed to the low sales to a larger extent.
More: The Chronicle
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