A group of companies, including British American Tobacco , retailer Spar and the SA Spaza & Tuckshop Association, has written an open letter to President Cyril Ramaphosa and his cabinet, calling for the controversial ban on tobacco and vaping products to be lifted.
The letter states that the ban has resulted in the loss of R3.5bn in excise taxes and enriched “billionaire criminals in the illegal trade”, money that could have paid for hospitals, 5,000 ventilators and 23-million food parcels for the poor.A subscription helps you enjoy the best of our business content every day along with benefits such as exclusive Financial Times articles, ProfileData financial data, and digital access to the Sunday Times and Times Select.
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Tobacco ban has cost SA R3.5bn in excise taxes, companies tell RamaphosaFirms plead for lifting of cigarette sales ban, which they say has boosted illicit trade
Source: BDliveSA - 🏆 12. / 63 Read more »