OUT TO LUNCH
The first job I had when I arrived in South Africa came with the perk of a company car. It was a silver Golf Gti and I managed to rack up a fair few speeding fines in it. I had only had the car for about a year when my employers promoted me and decided that my new exalted status required a vehicle upgrade. So I rather reluctantly parted with the Golf which was taken over by my head of admin and was given a brand new BMW 520i which cost around R15000 back then.
A few years later I moved to a merchant bank and part of the lure of the job was the offer of a new BMW 323i. This was a vehicle that was designed to bring out the green eyed monster in employees of rival companies and I like to think that I was largely responsible for upgrading my fellow wage slaves from their rather drab Mercedes 200 to something a little more worthy of an emerging yuppie. The deal with the car was that insurance would be covered by the company as would servicing and reasonable petrol usage per month.
It was a great perk but, of course, it didn’t last.
___STEADY_PAYWALL___
Somebody at Treasury decided that it wasn’t fair that ambitious young men earning a decent salary should get a free car as well so perks tax was introduced and the whole point of a company car for your exclusive use was no longer a viable proposition.