The South African alcohol industry is wary of excise duties ahead of 2022 Budget Speech iol.co.za - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from iol.co.za Daily Mail and Mail on Sunday newspapers.
Prolonged economic stagnation, unemployment, state collapse, failure of public infrastructure, proliferation of illicit economic activity – these are the top risks facing South Africa, according to the 17th World Economic Forum Global Risks Report.
While the first two alcohol bans are said to have led to the closure of 80 wineries and 350 producers, the latest ban has seen more wine farms are on the market and for sale go up. Picture: Ian Landsberg/African News Agency (ANA).
Wine industry to continue with court case to mitigate possible future alcohol bans
By Tshego Lepule
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Cape Town - Despite the partial lift of the alcohol ban, a wine organisation is forging ahead with a court application to pre-empt the impact of future bans as the industry faces years of recovery from the financial blow.
Vinpro approached the Western Cape High Court on January 27, with an urgent application to lift the ban on the sale of alcohol and was due to have the matter heard this Friday.
The South African Liquor Brand Association has voiced its concern over the ban on alcohol sales and said there is an opportunity for the ban to be reviewed…