South Africans may pay more for Temu, Shein as revenue service plans to scrap import tax break

The Forever 21 fashion chain is once again facing a financial crisis and applied for Chapter 11 of the U.S. Bankruptcy Act, marking its second bankruptcy in six years. In its statement, the company noted that unfair competition from e-commerce platforms such as AliExpress, SHEIN and Temu affected its performance, as these sell duty-free products on imports under $800, thanks to the trade rules of the Mexico-United States-Canada Treaty (T-MEC). T…

South Africans may pay more for Temu, Shein as revenue service plans to scrap import tax break

South African shoppers could soon face higher prices on Temu and Shein as SARS moves to end tax breaks on low-value imports, aiming to support local businesses.