News Formal

Industry body cautions against illegal cigarette tracking system

  • 📰 SowetanLIVE
  • ⏱ Reading Time:
  • 22 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 63%

United States News News

United States United States Latest News,United States United States Headlines

The Tobacco Institute of Southern Africa (Tisa) has warned tax authorities in SA against wasting billions of rand in pushing for the implementation of a new illegal cigarette tracking system.

. According to Tisa, the SA Revenue Service intends awarding the multibillion-rand tender to one company yet there is no guarantee that the system can curb R8bn losses incurred due to illegal cigarette trade.

The project was apparently conceptualised under Tom Moyane’s watch when he was SARS commissioner. A request for proposals was issued on April 26, with a deadline of June 20 for bidders to submit proposals. Tisa chairman François van der Merwe raised concerns that SARS was trying to implement a the system within 12 months while it had taken at least four years of consultations and trials in other countries.

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:

 /  🏆 13. in US
 

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

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

More gloom ahead for Germany's struggling car industryExperts say Germany's struggling car industry won't see a significant rebound any time soon.
Source: TimesLIVE - 🏆 28. / 59 Read more »

SBV launches cash-in-transit industry hotlineThis provides a forum for the public, community groups, and security companies to report CIT incidents.
Source: TheCitizen_News - 🏆 6. / 75 Read more »