Market flooded with illegal cigarettes after lockdown smoke ban

  • 📰 TheCitizen_News
  • ⏱ Reading Time:
  • 38 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 19%
  • Publisher: 75%

ประเทศไทย ข่าว ข่าว

ประเทศไทย ข่าวล่าสุด,ประเทศไทย หัวข้อข่าว

The five-month ban on tobacco products has finally been declared to have been illegal, but FITA and BAT SA say the industry continues to suffer due to the boost it gave the illegal cigarette industry.

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”.

 

ขอบคุณสำหรับความคิดเห็นของคุณ ความคิดเห็นของคุณจะถูกเผยแพร่หลังจากได้รับการตรวจสอบแล้ว

fita_sa DlaminiZuma 🤮🤮🤮🤮🤮

Paldron They deserve it for not having the balls to go to court

เราได้สรุปข่าวนี้มาให้อ่านอย่างรวดเร็ว หากสนใจข่าว สามารถอ่านฉบับเต็มได้ที่นี่ อ่านเพิ่มเติม:

 /  🏆 6. in TH

ประเทศไทย ข่าวล่าสุด, ประเทศไทย หัวข้อข่าว

Similar News:คุณยังสามารถอ่านข่าวที่คล้ายกันนี้ซึ่งเรารวบรวมจากแหล่งข่าวอื่น ๆ ได้

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
แหล่ง: BDliveSA - 🏆 12. / 63 อ่านเพิ่มเติม »

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⚖️
แหล่ง: BDliveSA - 🏆 12. / 63 อ่านเพิ่มเติม »

Business Maverick: NYSE’s Second-Guessing on China Delistings Sows Market ConfusionAlmost two months after President Donald Trump said he’s cutting off U.S. investment in companies tied to China’s military, confusion reigns on Wall Street over how to interpret his order. One certainty: Savers are losing billions.
แหล่ง: dailymaverick - 🏆 3. / 84 อ่านเพิ่มเติม »

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
แหล่ง: BDliveSA - 🏆 12. / 63 อ่านเพิ่มเติม »

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
แหล่ง: BDliveSA - 🏆 12. / 63 อ่านเพิ่มเติม »

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
แหล่ง: BDliveSA - 🏆 12. / 63 อ่านเพิ่มเติม »