Tobacco insider: Manufacturer profit gorging on taxpayers, smokers via SA's cigarette ban

Loading player...
For SA's cigarette manufacturers, Covid-19 has been like all their Christmases arriving together. Industry insider and self-confessed smuggler Azeem Carim explains how the SA government's lockdown-enforced ban on cigarette sales has generated a massive payday at taxpayers' expense. It's engineered through "ghost exports" - cigarette makers supposedly producing for sale outside SA borders, but feeding into the local market where excise duties are avoided and profits boosted by massive price hikes. In this interview, instigated by Carim's Right of Reply to yesterday's with Yusuf Kajee, he exposes a dirty industry where players use "connections" at border posts, in political parties and within SARS itself to generate super profits. Carim also has more than a few bones to pick with Kajee, claiming his company was hijacked via his former partner's "connections" at CIPRO - and alleging what Kajee told us about Amalgamated Tobacco Manufacturers is pure fiction. Learn more about your ad choices. Visit megaphone.fm/adchoices
1 Jul 2020 10AM English South Africa Investing · Business News

Other recent episodes

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

BOTH Mbalula AND Malema now face criminal prosecution | Barry Bateman

In this interview with Chris Steyn, Barry Bateman of AfriForum’s Private Prosecution Unit talk about the criminal prosecution now being faced by both ANC secretary general Fikile Mbalula and EFF leader Julius Malema “This is the second case where AfriForum’s Private Prosecution Unit has succeeded in convincing the National Prosecuting…
22 Sep 6AM 12 min