Alcohol industry releases data on cumulative impact of three alcohol bans, showing R36.3 billion in lost revenue Friday, 19 February, 2021 FTI Consulting
The cumulative impact of the three alcohol bans has put 200 200 jobs supported by the alcohol value chain at risk in the nation s informal and formal economy.
An assessment of the economic impact of the three alcohol bans in 2020, including the five-week ban between 29 December 2020 to 2 February 2021, which tracks the cumulative impact on the alcohol industry was completed on 12 February 2021, revealed the damaging financial implications of the Government s prohibition decree.
Kurt Moore, CEO, South African Liquor Brandowners Association (SALBA), said that not only is the industry and its people suffering, but the Government itself was experiencing considerable losses to the fiscus. According to the assessment, the tax revenue loss (excluding excise) to the fiscus from th
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PICS: Capetonians flock to liquor stores after booze ban is lifted
By Mwangi Githahu
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Cape Town - Alcohol buyers from taverns, restaurants and bottle stores across Cape Town’s southern suburbs yesterday braved the hot sun to queue outside wholesale liquor stores to refill their stocks after the president’s Monday night announcement lifting the alcohol ban.
The president said that trading in alcohol could resume under certain restrictions, such as the sale of alcohol for off-site consumption only being permitted from Monday to Thursday, between 10am and 6pm.
Candice Brooks and Chantal Panti were among the buyers at Wynberg’s Ultra Liquor and had driven 30km from Ocean View to Wynberg to fetch stock for their bottle store.