SA taxpayers may have to pay the price of cigarette ban - UCT Prof Corné van Waalbeek

Loading player...
Professor Corné van Walbeek, director of the research unit of the economics of excisable products at the University of Cape Town, has done extensive research on how the ban of cigarettes has affected South Africa. The good news is 16% of smokers have quit, but the bad news is while the sale of cigarettes continues undeterred for the remaining smokers, supplied mostly by illicit networks, the excise duties may go unpaid. Prof Van Walbeek emphasises that the cost to society in terms of the loss of revenue for the state and specifically also the entrenchment of these illicit networks, is a real problem that SA - and quite possibly the taxpayer - may be paying for very many years to come. - Vanessa Marks Learn more about your ad choices. Visit megaphone.fm/adchoices
19 May 2020 7AM English South Africa Investing · Business News

Other recent episodes

Boardroom Talk: What to make of yesterday's massive market surge

In this Members Only episode of Boardroom Talk, Alec Hogg unpacks one of the most dramatic 24-hour market reversals in years. After weeks of geopolitical tension driven by the Iran conflict and soaring oil prices, a surprise ceasefire triggered a powerful global rebound — with the JSE leading emerging markets…
9 Apr 11AM 15 min

BNC#8: Anthony Ginsberg Q&A - Inside the $1 trillion deal, US tensions and urgent call to act

Sitting down with Alec Hogg, Anthony Ginsberg discusses South Africa’s economic future, global positioning, and urgent need for pragmatic leadership. From strained US relations and missed trade opportunities to AI disruption and investment potential, the discussion highlights both risk and opportunity. With billions in foreign capital waiting, the message is…
9 Apr 8AM 40 min

BNC#8: Iraj Abedian Q&A - Global power games, SA silence and a chilling warning the world can’t ignore

A gripping, no-holds-barred discussion unpacking global power plays, Iran’s ideological conflict, and the ripple effects on South Africa’s fragile political landscape. From Trump-era strategy to ANC silence, it exposes how influence, religion, and realpolitik collide with devastating human consequences. With firsthand insight into communication blackouts and life under bombardment, the…
9 Apr 5AM 14 min