The South African Revenue Service (SARS) is going after sin taxes owed to it from the illicit sale of cigarettes in the country. Johnny Moloto, the general manager for British American Tobacco South Africa (BATSA), told Fin24 that almost 70% of all cigarettes consumed in the country now belong to illicit brands, turning South Africa into the...
British American Tobacco SA (BATSA), one of South Africa’s largest tobacco companies, has called on the government to introduce a new minimum price for cigarettes in the country. In a statement on Wednesday (10 November), BATSA said that a new floor price will help combat illegal suppliers and improve tax collection in the country. A survey by market...
As Finance Minister Tito Mboweni prepares to deliver his annual Budget this month, how he must bemoan the fiscal crater carved out by South Africa’s illegal economy. This shadowy world of illicit flows, black market trade and other nefarious tax dodging was estimated – at this time last year – to cost the fiscus R100...
Cape Town - Vaping companies are calling for separate legislation to the Control of the Tobacco Products and Electronic Nicotine Delivery Systems Bill. As the industry await its first new laws since 2018, vaping companies said that they don't encourage non-smokers to vape and that the product should be used as a reduced alternative to...
