SA's largest tobacco manufacturer, British American Tobacco SA, says falls in cigarette sales mean it may have to cut another 200 jobs at its local operations. | News24_Business
"This illegal trade has severely impacted the sustainability of the legal tobacco industry and is a source of funds for criminal organisations in South Africa," it said.
BATSA applauded recent efforts by the South African Revenue Service and law enforcement agencies to clamp down on the illicit cigarette market, but said that a minimum retail price is now required to stamp out black-market sales.BATSA previously proposed that a pack of cigarettes retail at a minimum of R28. Taxes, including excise duties and VAT, come to around R20 to R22 a pack.In times of uncertainty you need journalism you can trust.
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