What's behind the Big Tobacco job cuts? A guide to SA's illegal tobacco trade after Covid-19 | Business

  • 📰 News24
  • ⏱ Reading Time:
  • 14 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 9%
  • Publisher: 80%

Canada News News

Canada Canada Latest News,Canada Canada Headlines

British American Tobacco in South Africa says 200 of its workers will be out of a job soon, but public health researchers argue it's using misleading figures to back the retrenchments. | News24_Business

But this figure is different from what was published in the study.

This was the amount of tax that was supposed to be paid for a box of 20 cigarettes in 2022 when the survey was conducted. If shops sold a pack of cigarettes for R22.79, the manufacturer makes no profit on the sale unless they failed to pay tax on the product.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

_Business NDZ caused this

_Business The 'feasting' of big corporates on SA`n consumers have come to an end. No longer can SA`s afford to pay for the badge, opting for cheaper alternatives - even if the goods are more dangerous. Think ciggies, cars, jewellery, clothing, etc. etc. etc.

_Business DlaminiZuma You allowed cigarette smugglers to dominate the market when You banned cigarette during those nonsensical lockdowns. The ANC caused this problem.

_Business What the fact that this government crippled them during lockdown so that old kopdoek can gain. Well good enough reason send them packing

_Business

_Business What can they do with a market dominated by illegal business at 70% and them reduced to 30%,this while the Anc government being the recipient of taxation fold its arms and watch revenues going down the drain.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 4. in CA

Canada Canada Latest News, Canada Canada Headlines