Kia Picanto now more affordable, but can it claw back sales ground lost to Grand i10, Swift?
The new Kia Picanto 1.0 LS brings the entry price of the range down by R24,000.
Once a prime contender in the budget hatch space, the Kia Picanto has seen flagging sales in the past few years as prices gradually rose beyond the level of its key rivals.
Consider that in the past three months Kia sold an average of 161 Picantos per month, while the Hyundai Grand i10 averaged 1,373 and the Suzuki Swift 1,834.
Until now, the least expensive Picanto, the LX, cost R260,995, considerably more than the R224,900 starting price of both the Grand i10 and Swift.
Now Kia South Africa has put its baby hatch back into contention with the launch of the 1.0 LS, which costs R236,995 in manual form and R256,995 as an auto, according to Duoporta and Cars.co.za.
That makes the new, and quietly announced, base model a cool R24,000 less expensive than the LX.
But it gets even better, with the Kia SA website now listing further discounts on some of its Picanto models, slashing the price of the new LS to R229,995 and the LX to R245,995.

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles

IOL News
10 hours ago
- IOL News
Pension Plain: the hidden costs of withdrawing from your Savings Pot
Explore the significant tax implications of withdrawing from your Savings Pot and understand how these decisions can impact your retirement savings. Image: File picture. During a recent speech, Edward Kieswetter, the Commissioner of the South African Revenue Service (Sars), stated that the total amount of tax collected from retirement fund members who made Savings Pot withdrawals amounted to around R15 billion. Put differently, Sars on average received about R25 of each R100 withdrawn, and members only received R75 or less of their own money. Our collective retirement savings pool has been robbed of R57 billion that will never grow tax-free to provide a future tax-free lump sum benefit or a higher monthly pension amount after retirement. In the whole Two Pots debate, the negative effect that income tax has on early withdrawals from our Savings Pots does not seem to be high on the agenda. As a result, fund members make ill-informed decisions by not taking the tax effect of their withdrawals into account and then complaining about how they were robbed when they received much less than they anticipated. Firstly, any withdrawals from your Savings Pot will immediately reverse part of the tax deduction that you received when you contributed to your fund. If you contributed R3,000 to your fund, of which R1,000 went into your Savings Pot, you received a tax deduction on the full R3,000 contribution to the fund. If you now withdraw R1,000 from your fund, the R1,000 will be taxable at your marginal income tax rate. If your withdrawal is in a different tax year than the year you contributed, you will not be able to replace that contribution and obtain the tax deduction in the same contribution year. If you therefore contribute 27.5% of your income, for example, R90 000, to a fund and get the full tax deduction and you then withdraw the R30,000 that you have in the Savings Pot, you are not allowed to then contribute an additional tax-deductible contribution of R30 000 in addition to the 27.5% to your fund as the Savings Pot withdrawals are not deducted from your contributions made for tax purposes. Secondly, you will reduce the tax-free amount that you can take as a lump sum payment from the Savings Pot of your fund at retirement. Currently, you are allowed to take R550,000 as a tax-free lump sum amount at retirement. If you started to contribute to a fund after September 1, 2024, and you keep on making withdrawals from your Savings Pot, chances are that you will end up having significantly less than R550,000 in your Savings Pot at retirement. Although the tax issue is concerning enough, the fact that you might end up with significantly less money to retire should be your major concern. Video Player is loading. Play Video Play Unmute Current Time 0:00 / Duration -:- Loaded : 0% Stream Type LIVE Seek to live, currently behind live LIVE Remaining Time - 0:00 This is a modal window. Beginning of dialog window. Escape will cancel and close the window. Text Color White Black Red Green Blue Yellow Magenta Cyan Transparency Opaque Semi-Transparent Background Color Black White Red Green Blue Yellow Magenta Cyan Transparency Opaque Semi-Transparent Transparent Window Color Black White Red Green Blue Yellow Magenta Cyan Transparency Transparent Semi-Transparent Opaque Font Size 50% 75% 100% 125% 150% 175% 200% 300% 400% Text Edge Style None Raised Depressed Uniform Dropshadow Font Family Proportional Sans-Serif Monospace Sans-Serif Proportional Serif Monospace Serif Casual Script Small Caps Reset restore all settings to the default values Done Close Modal Dialog End of dialog window. Advertisement Video Player is loading. Play Video Play Unmute Current Time 0:00 / Duration -:- Loaded : 0% Stream Type LIVE Seek to live, currently behind live LIVE Remaining Time - 0:00 This is a modal window. Beginning of dialog window. Escape will cancel and close the window. Text Color White Black Red Green Blue Yellow Magenta Cyan Transparency Opaque Semi-Transparent Background Color Black White Red Green Blue Yellow Magenta Cyan Transparency Opaque Semi-Transparent Transparent Window Color Black White Red Green Blue Yellow Magenta Cyan Transparency Transparent Semi-Transparent Opaque Font Size 50% 75% 100% 125% 150% 175% 200% 300% 400% Text Edge Style None Raised Depressed Uniform Dropshadow Font Family Proportional Sans-Serif Monospace Sans-Serif Proportional Serif Monospace Serif Casual Script Small Caps Reset restore all settings to the default values Done Close Modal Dialog End of dialog window. Next Stay Close ✕ If you started your fund membership after September 1, 2024 and you contribute R10 000 per month (R3 333 going into your Savings Pot and R6 667 going into your Retirement Pot) to your retirement fund for a period of 30 years and you attain an investment return of 10% per annum, you will have about R7 million in your Savings Pot and about R14 million in our Retirement Pot. If you, however, withdraw all the money in your Savings Pot on an annual basis, you will end up having only R44 000 in your Savings Pot that you can take as a tax-free lump sum at retirement. This is significantly less than the R550 000 that you can take as a tax-free lump sum amount at retirement. As fund members, we have a responsibility to take control of our financial education regarding our retirement savings. Without discipline and short-term sacrifice, we will not be able to attain the long-term benefits of saving enough money for a retirement that is free from financial-related stress, even if we try to blame Sars for our ill-informed decisions. * Ladouce is a pension funds lawyer and the author of the book 'Pensions for Palookas'. PERSONAL FINANCE Explore the significant tax implications of withdrawing from your Savings Pot and understand how these decisions can impact your retirement savings. Image: File picture.

IOL News
2 days ago
- IOL News
Businessman fined R82,000 for tax evasion
Errant taxpayer, Roelof Serdyn, was convicted of one count of failure to submit an Income Tax return, eight counts of failure to submit Pay as You Earn (EMP201) returns, and 32 counts of failure to submit VAT returns. Image: Ziphozonke Lushaba / Independent Newspapers Businessman and errant taxpayer, Roelof Serdyn, was fined R82,000 for failing to submit Income Tax returns, Pay as You Earn returns, and Value Added Tax returns to the South African Revenue Service (SARS) between 2018 and 2024. National Prosecuting Authority (NPA) spokesperson, Eric Ntabazalila, said Serdyn - sentenced in the Bellville Magistrate's Court this week - was convicted of one count of failure to submit an Income Tax return, eight counts of failure to submit Pay as You Earn (EMP201) returns, and 32 counts of failure to submit VAT returns - all in contravention of the Tax Administration Act. Immediately after his sentence, Serdyn paid R42,000, and the balance of R40,000 was paid in monthly instalments of R5,000. Ntabazalila confirmed that a further cumulative amount of R164,000 or, in the alternative, 246 months imprisonment was suspended for five years on certain conditions. Video Player is loading. Play Video Play Unmute Current Time 0:00 / Duration -:- Loaded : 0% Stream Type LIVE Seek to live, currently behind live LIVE Remaining Time - 0:00 This is a modal window. Beginning of dialog window. Escape will cancel and close the window. Text Color White Black Red Green Blue Yellow Magenta Cyan Transparency Opaque Semi-Transparent Background Color Black White Red Green Blue Yellow Magenta Cyan Transparency Opaque Semi-Transparent Transparent Window Color Black White Red Green Blue Yellow Magenta Cyan Transparency Transparent Semi-Transparent Opaque Font Size 50% 75% 100% 125% 150% 175% 200% 300% 400% Text Edge Style None Raised Depressed Uniform Dropshadow Font Family Proportional Sans-Serif Monospace Sans-Serif Proportional Serif Monospace Serif Casual Script Small Caps Reset restore all settings to the default values Done Close Modal Dialog End of dialog window. Advertisement Next Stay Close ✕ Ad loading 'Serdyn was charged alongside his company, Akvaba (Pty) Ltd, but the charges against the company were withdrawn after its liquidation. The court heard that Akvaba (Pty) Ltd was registered as a taxpayer and was therefore obligated to comply with all tax obligations towards the SARS. 'Serdyn was the representative taxpayer, employer, and representative vendor of Akvaba (Pty) Ltd. He was responsible for the company's tax affairs, which included the submission of all tax returns (IT, PAYE, and VAT) of Akvaba (Pty) Ltd. 'The accused ignored the reminders and final demand notices issued by SARS. When he was summoned to appear in court, the returns were submitted,' said Ntabazalila. In the lead up to the annual tax season opening, Ntabazalila said the case serves as a warning to persons acting as representative vendors, representative employers, and public officers who serve in these positions. 'These duties and responsibilities should not be taken lightly as non-compliance with such duties will have serious consequences for such incumbents in their capacity,' said Ntabazalila. The sentence in this case follows closely on the cases of J W Lubbe (and Jacor Transport Holding), who was sentenced to a fine of R148,000 on June 11, 2025, and H L van der Westhuizen (and Tempo Konstruksie CC), who was sentenced to a fine of R126,000 on May 30, 2025. In a statement, SARS said this tax season marks an important period where income tax returns of the majority of taxpayers are automatically assessed. The category of taxpayers who are automatically assessed will receive notification from SARS from July 7 to 20, 2025. Taxpayers who do not receive notifications from SARS that they are automatically assessed are encouraged to submit their tax returns in a timely and accurate manner from July 21, 2025. The Filing Season will close on October 20, 2025, for non-provisional individuals. SARS urged all taxpayers to prepare their documentation early to check their assessments and to avoid last-minute delays for those who must submit an income return. 'In line with our strategic objective to make it easy for taxpayers to comply, we have identified a large segment of non-provisional and provisional taxpayers who receives income from one or more sources from formal and other forms of employment and whose tax affairs are not complicated have been selected to be automatically assessed,' SARS said. Taxpayers can access their auto-assessed income tax returns through any of SARS's channels, such as the SARS MobiApp or SARS eFiling, to review and verify the completeness and accuracy of the information that resulted in the auto assessment. For more information, visit the SARS website.

IOL News
2 days ago
- IOL News
Opposition parties criticise City's budget for misrepresenting poor communities
Cape Town Mayor Geordin Hill-Lewis addressing City Council on the adoption of the metro's Invested in Hope Budget 2025/26 on 26 June. Image: Supplied / City of Cape Town OPPOSITION parties have accused the City of misrepresenting the realities faced by poor and working-class communities in adopting the 2025/26 budget. The final budget tabled during Council meeting on Thursday highlighted a range of revisions, which Mayor Geordin Hill-Lewis introduced said were aimed at easing cost burdens for pensioners and middle-income households while preserving the City's multibillion-rand infrastructure investment programme. 'Our budget asks a little more of those who can afford it, while protecting basic services for those who can't afford it,' Hill-Lewis told councillors. 'The budget was largely welcomed by lower-income residents, and we've also managed to significantly lower increases for middle-class residents, in the end building broad support for the budget across the city.' The mayor announced significant enhancements to pensioner rebates, including a 100 percent rates and cleaning charge rebate for those earning up to R10,000 per month, up from the previous R7,500 threshold. 'A 50 percent rebate will now be available up to R20,000 income, 20% up to R24,000 income, and 10% up to the R27,000 max threshold,' he said. He also revealed that 97% of ratepayers would avoid electricity tariff increases above 20%, thanks in part to the removal of a 10% City cleaning surcharge from electricity prices. 'Thousands of households will pay less to consume electricity from 1 July,' Hill-Lewis said. Fixed water and sanitation charges, previously based on pipe size, will now be determined by property value. The mayor said this would lead to lower fixed charges for homes valued under R2.5 million. Video Player is loading. Play Video Play Unmute Current Time 0:00 / Duration -:- Loaded : 0% Stream Type LIVE Seek to live, currently behind live LIVE Remaining Time - 0:00 This is a modal window. Beginning of dialog window. Escape will cancel and close the window. Text Color White Black Red Green Blue Yellow Magenta Cyan Transparency Opaque Semi-Transparent Background Color Black White Red Green Blue Yellow Magenta Cyan Transparency Opaque Semi-Transparent Transparent Window Color Black White Red Green Blue Yellow Magenta Cyan Transparency Transparent Semi-Transparent Opaque Font Size 50% 75% 100% 125% 150% 175% 200% 300% 400% Text Edge Style None Raised Depressed Uniform Dropshadow Font Family Proportional Sans-Serif Monospace Sans-Serif Proportional Serif Monospace Serif Casual Script Small Caps Reset restore all settings to the default values Done Close Modal Dialog End of dialog window. Advertisement Next Stay Close ✕ Ad loading Addressing the retention of fixed charges linked to property value, Hill-Lewis said: 'The only other alternative... is for everyone to pay a flat charge regardless of whether you are low-income or affluent. We must be clear that lower-income and wealthy households cannot make equal contributions... It's not fair, nor sustainable.' Despite these revisions, opposition councillors issued scathing rebukes of the budget and its priorities. GOOD party councillor Axolile Notywala said: 'The DA's failures, lies and denialism in this budget are killing Black and Coloured children in Cape Town. Just yesterday, a child almost drowned while walking from school in a flooded street because the DA-led City of Cape Town failed to maintain drainage systems. This was in Parkwood, not in Clifton.' Notywala accused the DA of using 'PR stunts' while neglecting the infrastructure needs of poor communities. ANC councillor Xolani Sotashe described the budget as 'investing in falsehoods and continuous deception.' He added that many of the capital projects listed in the budget were not new. 'Some of the capital projects contained in this budget are as old as 10 years, yet the mayor talks as if these projects are new. Service delivery delayed is service delivery denied.' Sotashe said key public concerns included the introduction of fixed charges, poor road and sanitation infrastructure, lack of enforcement of by-laws, poor maintenance of municipal facilities, and weak public engagement.