South Africa’s Revenue Service is losing almost 4.3 million US dollars in tax revenue daily due to illicit cigarettes, according to Tax Justice SA.

A new court ruling has blocked the South African Revenue Service from monitoring cigarette factories in the country.

SARS wanted to install CCTV on the premises of all licensed cigarette manufacturers.

For more information, Thami Ngubeni speaks to Yusuf Abramjee, leader of TJSA.

South Africa’s Revenue Service is losing almost 4.3 million US dollars in tax revenue daily due to illicit cigarettes, according to Tax Justice SA.
A new court ruling has blocked the South African Revenue Service from monitoring cigarette factories in the country.
SARS wanted to install CCTV on the premises of all licensed cigarette manufacturers.
For more information, Thami Ngubeni speaks to Yusuf Abramjee, leader of TJSA.

In-depth financial issues, profiling of African businesses doing well internationally, stocks & market updates.

In-depth financial issues, profiling of African businesses doing well internationally, stocks &amp; market updates.

Business Africa

Africa in Business

ILLICIT CIGARETTES

For our weekly business roundup, we are joined on the line by Victor Kgomoeswana, author of Africa Is Open For Business and Africa Bounces Back. Victor is also the Executive Director for Marketing and Communication at the University of Limpopo.

For our weekly business roundup, we are joined on the line by Victor Kgomoeswana, author of Africa Is Open For Business and Africa Bounces Back. Victor is also the Executive Director for Marketing and Communication at the University of Limpopo.

BUSINESS ROUNDUP

Angola and Zambia have signed a concession agreement with the Africa Finance Corporation to connect railway lines in both countries.

The deal comes just weeks ahead of a visit by US President Joe Biden to Angola. Biden will meet with President João Lourenço to discuss increased collaboration on shared priorities, including bolstering economic partnerships.

For more, Thami Ngubeni spoke to Evaldo Evangelista from UNITA, Angola’s main opposition party.

Angola and Zambia have signed a concession agreement with the Africa Finance Corporation to connect railway lines in both countries.
The deal comes just weeks ahead of a visit by US President Joe Biden to Angola. Biden will meet with President João Lourenço to discuss increased collaboration on shared priorities, including bolstering economic partnerships.
For more, Thami Ngubeni spoke to Evaldo Evangelista from UNITA, Angola’s main opposition party.

BIDEN ANGOLA

The Algerian government has reinstated visa requirements for all Moroccan passport holders wishing to enter the country.

In a statement, the government claims that Morocco has exploited the lack of visa requirements between the two countries to engage in activities that threaten Algeria’s stability and national security.

They say these activities include organising networks for organized crime, drug and human trafficking, smuggling, illegal immigration, and espionage.

Thami Ngubeni spoke to Ibrahima Kane, a Senior Policy Adviser at the Open Society Foundation Africa Regional Office.

The Algerian government has reinstated visa requirements for all Moroccan passport holders wishing to enter the country.
In a statement, the government claims that Morocco has exploited the lack of visa requirements between the two countries to engage in activities that threaten Algeria’s stability and national security.
They say these activities include organising networks for organized crime, drug and human trafficking, smuggling, illegal immigration, and espionage.
Thami Ngubeni spoke to Ibrahima Kane, a Senior Policy Adviser at the Open Society Foundation Africa Regional Office.

ILLICIT CIGARETTES

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