The illicit cigarette barons’ annual R29-billion tax robbery…

Loading player...
With the latest VAT increase, South Africa is set to lose R29 billion in excise tax revenue a year. In this interview, Johnny Moloto, the Sub-Saharan Head of Corporate and Regulatory Affairs of  British American Tobacco (BAT), describes how the illicit cigarette trade exploded during the 2020 COVID-19 tobacco sales ban - and now accounts for 75 percent of the total cigarette market. He says the industry still has not seen the effects of the dismantlement of an illicit gold and tobacco network announced by President Cyril Ramaphosa in his recent SONA speech. “It took us all by surprise…We would like to hear more about which syndicate that was,” he says. As for persistent rumours that the cigarette barons have friends in high places, he says: “Why is it always the usual suspects that are always being picked up by … research? Maybe we ought to look into this, if only to satisfy our curiosity and put this matter to bed so that there isn't this speculation about the complicity of politicians as well as government authorities.” Moloto lists proposed solutions to combat this arm of organised crime more effectively.
17 Mar 2025 6AM English South Africa Investing · Business News

Other recent episodes

Warren Wheatley breaks his silence on his FSCA debarment

Three trades, R301 in total, and a 20-year ban from the financial sector. Warren Wheatley, the chartered accountant who helped put together the Capitec empowerment deal and went on to found Altvest, now Africa Bitcoin Corporation, broke his silence to Alec Hogg days after resigning as CEO. The FSCA says…
23 Sep 12PM 54 min

Brent Bozell on the US-South Africa breakdown

Six months after warning a Hermanus room full of business leaders that Washington's patience was wearing thin, US Ambassador Brent Bozell returned to BizNews to explain what happened next. Five asks, a 15-day deadline and a six-page reply that, in his words, answered none of them. The result: visa bans…
23 Sep 10AM 40 min

Mchunu, Mrs Matlala, Maumela, Mudzinganyama - and Meyer…

In their weekly chat, Chris Steyn and political commentator Solly Moeng talk about the second seizure of of electronic devices belonging to Special Leave Police Minister Senzo Mchunu; the arrest of tenderpreneur Cat Matlala’s wife, Tskanane; the rape case against suspended Deputy National Commissioner Shadrack Sibiya; the latest testimony at…
23 Sep 6AM 24 min

Ian Cameron: General Sibiya on charges of rape, sexual grooming, human trafficking…

In their latest interview, Chris Steyn and Ian Cameron, the Chairperson of Parliament's Portfolio Committee on Police, unpack a day of high drama with the court appearance this afternoon of suspended Deputy National Commissioner General Shadrack Sibiya who is now facing charges of rape, sexual grooming, and human trafficking. The…
22 Sep 1PM 10 min