If we are serious about growing the economy and creating jobs, we need to support these young people – even though they don't seem to expect any help or handouts, writes Melanie Verwoerd.
Showers late. Afternoon clouds. Mild.
A 43-year old man has been arrested in Madikwe, North West, for the alleged possession of illicit cigarettes, with an estimated value of almost R1.2m.
Tighter controls by SARS to fight illicit trade of cigarettes has been welcomed by organisations within the industry.
Tobacco Institute South Africa chair Francois van der Merwe told Fin24 none of its member companies had fallen foul of the law.
During his first budget speech in Parliament on Wednesday, Minister of Finance Tito Mboweni announced that a large business unit aimed at seeking out tax ducking companies would be re-established in April.
Gold Leaf Tobacco has "wholly" denied that its RG cigarette brand - SA's top selling cigarette - is illegal.
British American Tobacco shares plunged to the lowest level in three years on news of a possible ban on menthol cigarettes in the US, which would eliminate a product that generates as much as one-quarter of the company’s profit.
SARS says it will extend the deadline for a tender aimed at securing a service provider to help curb the illicit tobacco trade.
The SA Revenue Service is seeking a service provider to help it keep tabs on the illicit tobacco trade by tracking cigarettes from manufacturing plants to points of sale.
The Tobacco Institute of South Africa has again urged the SA Revenue Service to up the fight against the illicit tobacco trade.
Nearly half of the informal tobacco market is now made up of illicit cigarettes. Here are seven numbers that illustrate the problem facing SARS, government and the tobacco industry.
Gold Leaf Tobacco’s RG brand is now the top selling brand in South Africa overall, "overtaking all legal brands", according to new research.
ClaremontmPower People Solutions
WynbergBaraka IT Solutions (Pty) Ltd
Cape Town Northern SuburbsNDC Personnel & Contractors CC
R 12 750 000
R 6 250 000
R 1 849 000
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