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Tobacco industry outraged as illicit cigarettes flood SA market British America Tobacco South Africa (Batsa) said that an Ipsos study conducted in March showed that 74% of retail outlets in Gauteng, the Western Cape and the Free State were now openly selling illegal cigarettes. FILE: Police confiscate illicit cigarettes valued at R122,000 destined for the black market. Image: SAPS
2 hours ago
CAPE TOWN - There's outrage in the South African tobacco industry as illicit cigarettes are flooding the market.
British America Tobacco South Africa (Batsa) said that an Ipsos study conducted in March showed that 74% of retail outlets in Gauteng, the Western Cape and the Free State were now openly selling illegal cigarettes.
Alcohol, tobacco industries slam new âpunishingâ taxes Siyanda Ndlovu
File picture. Shoppers purchase alcohol at Makro in Crown Mines, Johannesburg, on 18 August 2020. Picture: Tracy Lee Stark The industries are already on their knees due to the impact of the alcohol and tobacco sales bans.
The South African alcohol and tobacco industry has slammed the 8% increase in excise tax, announced by Finance Minister, Tito Mboweni during Wednesday’s 2021 Budget Speech, saying it will further strain the both industries and drive people towards the illicit market.
South African liquor Brandowners Association (SALBA) CEO Kurt Moore emphasised that tax adjustments did not take into consideration a significant increase in the size and efficiency of the illicit market that has grown during the sales bans under the Covid-19 lockdown.
Alcohol, tobacco, hospitality industries look to Mboweni to ease struggles The alcohol industry recently reported that it lost R36.3 billion in sales revenue as a result of the three lockdown-related bans. FILE: Finance Minister Tito Mboweni delivers his Medium-Term Budget Policy Speech in Parliament on 28 October 2020 in Cape Town. Picture: GCIS
36 days ago
CAPE TOWN – South Africa's alcohol and tobacco industries are hoping that Finance Minister Tito Mboweni will not increase excise taxes in the coming Budget speech, following huge losses as a result of the COVID-19 lockdowns.
Industries and companies will be looking to the minister on Wednesday afternoon, hoping for further government interventions to help them turn things around.