Yusuf Abramjee on cigarette ban: Instead of running to IMF, govt should stop R4bn illicit trade

Loading player...
Yusuf Abramjee, the founder of Tax Justice South Africa, has filed an affidavit in the Western Cape High Court in support of a bid by British American Tobacco (BATSA) to overturn the four-month-old cigarette ban. The economy has already lost over R4bn in indirect taxes, and thousands of people have lost their jobs. Abramjee, who is no stranger to campaigning against illegal trade, hopes that common sense will finally prevail. "The case, which will be heard on 5 and 6 August, is a choice between protecting honest citizens and their constitutional rights or allowing criminals to continue coining it in a booming tobacco black market." Abramjee joins BizNews founder Alec Hogg to discuss the importance of the case and the extent of illicit trade happening under our noses. - Claire Badenhorst Learn more about your ad choices. Visit megaphone.fm/adchoices
5 Aug 2020 9AM English South Africa Investing · Business News

Other recent episodes

BN Daybreak: Apple earnings; Amazon AWS; RMB housing; Anglo’s SA exit; Tesla China sale

Today's BizNews Daybreak covers Apple's quarterly results, Rivian's SUV success, and Anthropic's AI breach, alongside a semiconductor rally driven by Microsoft and Oracle. Football federations oppose FIFA selling World Cup stakes, while Donald Trump claims a Gaza disarmament agreement. Meanwhile, Alec Hogg discusses Anglo American’s South Africa exit, RMB launches…
30 Jul 11PM 14 min

Cityboy: How psychopaths win big in business, politics - but lose in life

A former top-ranked City of London stockbroker has written a manual for winning at business, politics and life. There's just one catch: to follow it, you'd have to think like a psychopath. Geraint Anderson, the man behind the legendary "Cityboy" column, tells BizNews editor Alec Hogg why he built his…
30 Jul 9AM 32 min

R1-billion blended finance programme to transform real estate

In this interview with Chris Steyn, Alessandro Scalco of RMB Sustainable Finance shares the details of a R1 billion Blended Finance Programme to formalise and scale South Africa’s burgeoning affordable rental market. Rand Merchant Bank (RMB) has partnered with INDLU, a property financial technology company that empowers landowners to build,…
30 Jul 6AM 15 min

BN Daybreak: Ramaphosa interdict bid; Fed holds rates; Fauci's Fifth Amendment; Zambian kwacha

In today's episode, the Fed leaves interest rates unchanged amid a fractured vote and market sell-offs. Locally, four parties are challenging President Ramaphosa's impeachment interdict, while Treasury controversially releases funds to 69 failing municipalities. We also cover Dr. Fauci invoking the Fifth Amendment regarding the Covid-19 response, Zambia's kwacha surging…
29 Jul 11PM 16 min