The Money ShowSA losing R24bn revenue due to rampant illicit tobacco trade. What must be done ?
- In South Africa, the illicit tobacco trade has actually grown to be a serious problem. Because of the growing illegal trade, British American Tobacco (BATSA) has had to reduce the amount of products it distributes and delivers directly to consumers. This has resulted in a decline in sales volumes. It is estimated that over 70% of all cigarettes consumed in the nation come from the illicit sector, with fewer than 30% coming from the legal market. To provide us with further information, Johnny Moloto, Area Head of Corporate & Regulatory Affairs for BAT Sub-Saharan Africa, speaks with host Motheo Khoaripe.
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