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

Rory Steyn on who really runs South African sport

In two years, Comrades runners threw out a board accused of vote-buying and steering tenders to friends, and cut ties with the provincial and national athletics bodies to run their own race. Swimming South Africa had to wait for an integrity panel in Switzerland to act. Rory Steyn, Nelson Mandela's…
29 Sep 11AM 39 min

Criminals - NOT cops - patrol SA’s streets of fear… | Lisa Schickerling

In this interview Chris Steyn and Lisa Schickerling, the Democratic Alliance (DA) spokesperson on Police, talk about a country in the grip of fear in the wake of mass killings, multiple murders, crime increasing in areas where the SANDF have been deployed, and suspended Deputy National Commissioner of Police General…
28 Sep 9AM 21 min