China malls are doing a roaring trade

2016-11-15 06:00

DURING a recent trip to Johannesburg, I visited a few Chinese malls. There are quite a few huge China Malls within a five-kilometre radius in the Crown Mines area in Johannesburg.

What astounded me was that these malls were extremely busy, doing very good business. However, what concerned me was that all the stores I visited gave me a piece of paper as a receipt, which was written in Chinese. It appeared that this “receipt’’ was more to show the guards that I did not steal anything than for actual receipt purposes. There were no tills and no proper invoices in most of the shops in these malls.

So how are they paying VAT and income tax? It is well known, given the porous nature of our customs, that these goods are highly under-invoiced and so traders are already paying less duty on importation and arguably no VAT or income tax. How has SARS turned a blind eye to this? It may have been too focused on the Guptas to notice that we are losing billions and billions in revenue from this relaxed China trade and much of this money is flowing back to China in the form of diamond exports and other forms of money laundering.

Is there another state capture that we are not talking about?



Join the conversation! encourages commentary submitted via MyNews24. Contributions of 200 words or more will be considered for publication.

We reserve editorial discretion to decide what will be published.
Read our comments policy for guidelines on contributions.

Inside News24

Traffic Alerts
There are new stories on the homepage. Click here to see them.


Create Profile

Creating your profile will enable you to submit photos and stories to get published on News24.

Please provide a username for your profile page:

This username must be unique, cannot be edited and will be used in the URL to your profile page across the entire network.


Location Settings

News24 allows you to edit the display of certain components based on a location. If you wish to personalise the page based on your preferences, please select a location for each component and click "Submit" in order for the changes to take affect.

Facebook Sign-In

Hi News addict,

Join the News24 Community to be involved in breaking the news.

Log in with Facebook to comment and personalise news, weather and listings.