Three months after the controversial ban on tobacco sales was lifted, the local industry is still struggling to compete with the glut of illicit products on the market. Last week, the Western Cape High Court upheld British American Tobacco SA’s challenge to the ban and declared it to have been unconstitutional and invalid. But it might be too little, too late. The ban was instituted with the national lockdown back in March and spanned five months before it was finally lifted in August.
The ban was instituted with the national lockdown back in March and spanned five months before it was finally lifted in August. “The five-month ban on tobacco and vapour products sales was ill-considered, unlawful and has worsened the illicit trade in cigarettes and vapour products in the country,” it said in the statement.FITA launched its own legal challenge to the ban in the North Gauteng High Court earlier this year but was unsuccessful.
“We’re seeing the effects of an inability to trade for five months now even more so than during the ban,” he said, “We know illicit trade was rife prior to the lockdown. But now it’s even bigger in terms of the participation and privilege those operating in that space are enjoying in the market”.
fita_sa DlaminiZuma 🤮🤮🤮🤮🤮
Paldron They deserve it for not having the balls to go to court
Canada Canada Latest News, Canada Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
MARKET WRAP: BAT and Absa lead JSE lossesAll the major indices were under pressure on the day as a spike in Covid-19 in some countries weighed on global sentiment
Source: BDliveSA - 🏆 12. / 63 Read more »
MARKET WRAP: JSE drops due to volatile equity marketJSE weakens with global equity markets as retail traders cause havoc on US markets Get a trusted Bitcoin expert and stick to hes Marksust7 Invest and play at similar times each day. Because : In times of chaos, your investment is your anchor to success⚖️
Source: BDliveSA - 🏆 12. / 63 Read more »
Source: dailymaverick - 🏆 3. / 84 Read more »
Emerging-market stocks hit 13-year highThe Turkish lira rose about 1.2%, with Russia’s rouble and the rand rising 0.8% and 1%, respectively
Source: BDliveSA - 🏆 12. / 63 Read more »
MARKET WRAP: The JSE and rand advance as weaker dollar boosts precious metalsRisk-on sentiment gets a boost even as investors weigh the rollout of coronavirus vaccines
Source: BDliveSA - 🏆 12. / 63 Read more »
Foxconn to take a bite out of electric-vehicle marketThe Apple supplier has teamed up with embattled Chinese EV start-up Byton to start mass production of the M-Byte SUV
Source: BDliveSA - 🏆 12. / 63 Read more »