SPONSORED | The extent of damage left by the illegal tobacco trade. The illegal tobacco trade has become the third largest ‘supplier’ of tobacco in the world, and the estimated loss of tax revenues around the globe is approximately $40 billion
Illicit tobacco trade is an intricate problem. There is more to it than meets the eye, as its often linked to much larger criminal syndicates such as corruption, organised crime, tax evasion, and money laundering.
During the 2020 Covid-19 Lockdown, with legal sales and distribution of cigarettes prohibited between Risk Adjusted Alert Levels 3 to 5, the South African tobacco value chain experienced an unprecedented increase of illicit tobacco trade. The lockdown and tobacco ban were loopholes with which the illicit tobacco players used in their full capacity to increase their distribution.
Governments take a leading role in the fight against the illicit tobacco trade. Without the support of government, industry efforts cannot be fully effective. Through coordinated efforts we can begin to reduce the problem. Across the globe, JTI is committed to complying with strict regulations and working hard to implement solutions aimed at improving the supply chain security.
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.
What’s in City Press Sport: Chiefs send PSL into a spin | Up close with MaMkhize | | CitypressIn your CityPress Sport headlines for Sunday: Chiefs send PSL into a spin | Up close with MaMkhize
Read more »
What’s in City Press: Inside SA’s kidnap crisis; ‘Family meeting’ looms; Bushiri dares Moja Love | CitypressGood morning! Here's a first look at your CityPress Sunday headlines:
Read more »
Inside SA’s kidnap crisis | CitypressA spike in abductions has reached alarming proportions, according to a recent report.
Read more »
Omicron spreads like wildfire | CitypressOmicron spreads like wildfire | Preliminary information from around the world suggests that Omicron is significantly more contagious than its Sars-CoV-2 predecessors, but perhaps also less fatal
Read more »
Stalemate in Gauteng coalition talks delays mayoral committees appointments | CitypressThe prolonged coalition negotiations between the DA and other parties has ensured that the party’s mayors have been unable to elect their mayoral committees after two weeks in office.
Read more »
The war is on as Jub Jub demands retraction from his rape accusers | CitypressJub Jub's family said the multiple rape accusations made among others by actress Amanda Du-Pont were false and unfounded but his alleged victims were determined to get justice.
Read more »