Why the country’s illicit trade is booming and how to separate industry tactics from the fallout of bad Covid-era policies | via Bhekisisa_MG
There’s a catch, though: The calendar year runs from January to December, but the financial year is from April to March. So, to get a realistic estimate she had to use a quarter of the sin tax from 2020 and three-quarters from 2021.Then add another 3.97-billion imported sticks for which Sars collected money to the count.So: 29.1-billion sticks smoked minus 13.5-billion on which tax was paid leaves 15.6-billion sticks being sold illegally.
Sars depends on the tobacco companies to report their production and so the incentive to underreport is substantial. With gap analysis, however, “you can keep track of trends in illicit trade over time”, explains Corné van Walbeek, head of Reep. He adds: “Once you have an idea of those trends, you can see whether illicit trade is increasing or decreasing.”
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
A guide to South Africa’s illegal tobacco trade after CovidBatsa says 200 of its workers will be out of a job soon, but public health researchers argue it is using misleading figures to back the retrenchments
Read more »
A guide to South Africa’s illegal tobacco trade after CovidBritish American Tobacco South Africa announced it could retrench up to 200 workers because the sale of illegal cigarettes has crippled their business. But are they telling the full story? Find out here via Bhekisisa_MG.
Read more »
A guide to South Africa’s illegal tobacco trade after CovidHow big is SA’s illicit cigarette market? British American Tobacco SA says 70%. Researchers put it at 54%. Find out why the tobacco industry would exaggerate the size of the market. | via Bhekisisa_MG
Read more »
South Africa: US, South Africa Launch Taskforce On Wildlife TraffickingSouth Africa and U.S. Treasury Secretary Janet Yellen announced plans Wednesday to form a task force that will combat the financing of wildlife trafficking.
Read more »
South Africa: Consumers Facing Toughest Times Yet, Economist Warns - South African News Briefs - January 26, 2023Consumers Facing Toughest Times Yet, Economist Warns - South African News Briefs -... allafrica: SouthAfrica
Read more »
South Africa: ANC Call for More Police Won't Solve South Africa's Crime CrisisAnalysis - The African National Congress' solutions to soaring crime are unclear and overlook the real problems facing policing.
Read more »