Budget 2022 | Tobacco industry pleads for mercy

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Budget2022 | Tobacco industry pleads for mercy

"We would like for Treasury not to impose an increase in excise taxes as we have seen, of course, the industry struggling in as far as coming back from the effects of the ban of sales on cigarettes during 2020," said Fita's Sinenhlanhla Mnguni.

The tobacco industry is pleading with the Finance Minister not to increase sin taxes above inflation. It says this will have a dire effect on the sector. The Fair-Trade Independent Tobacco Association says it's still reeling from COVID-19 lockdown bans.

 

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