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    Sunday, 4 August 2019

    Musina car sales shutdown


    BEITBRIDGE – The introduction of duty in foreign currency for imported cars has forced at least six companies selling ex-Japanese cars to Zimbabwe to close shop across the Limpopo in Musina, The Mirror has been told.
    The Mirror spoke to Musina’s Auto All Car Sales director, Azhl Abbasi who confirmed in an interview that his company has closed shop.
    Abbasi said six other car sales companies have since closed shop. Thirty-five have remained in operation but are struggling as Zimbabweans who are their customers can no longer afford the duty of the vehicles.
    Some of the car sales that have closed are Auto World, Kimura Motors and Hayat Investment.
    “The smaller car sales are closing down because business has plunged since the introduction of duty in foreign currency,” he said.
    Abbasi said the larger car sales companies are selling an average of 30 to 40 cars per month of which they used to sell 120 to 130 cars per garage.
    He said companies started to close down in March this year.
    One of the clearing agents Erick Dzvova said business has decreased since payment of duty in foreign currency was introduced.
    #Masvingo Mirror#
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