#PODCAST British American Tobacco say government are set to lose around R24-billion to the illicit cigarette trade #sabcnews

By Newsbreak Producer Tashlan Naidoo - Tobacco manufacturing company, British American Tobacco South Africa says Government will lose around 24-billion-rand in tax revenue due to the illicit cigarette trade. This comes on the back of the company announcing a scale down in its delivery supply chain as illicit sales continue to increase. Area Head of Corporate and Regulatory Affairs for BAT Sub-Saharan Africa, Johnny Moloto says 70-percent of the tobacco market consists of illicit cigarettes. Moloto says hundreds of jobs hang in the balance as a result....