Illicit cigarette trade costs South Africa’s economy billions of rands
The illicit trade in tobacco, especially cigarettes, costs South Africa’s economy billions of rands annually through the loss of tax revenue.
According to the South African Revenue Service (SARS), the estimated loss through the illegal cigarette trade for the 2015/16 financial year was R6 billion.
It seems, the illegal cigarette trade will thrive due to the ban on legal sales in the country.
In the video below , illicit cigarettes trade is discussed: