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The real cost of the liquor ban

Business News 3 months ago

Last year, SA raked in R15 billion in tax revenue on the sale of beer, R8.3 billion on wine and other fermented beverages, with sorghum beer bringing in R4.5 billion.


20 Apr 2020
PREMIUM!
The real cost of the liquor ban

The wine route.

As the financially bleeding multibillion-rand South African liquor industry continues to reel from the monthlong lockdown, key players – from a family-owned bottle store to giant wine producers – have warned of a jobs bloodbath and destitution. President Cyril Ramaphosa, who leads the Covid-19 National Command Council, has maintained that the continuation of the liquor ban is in the best interests of the country. While a R150,000 loss in revenue, incurred by Abineto Shumba of Northrand Liquor Store in Ekurhuleni, may appear insignificant compared to R2 billion wiped out in the country’s wine industry revenue over five weeks, Shumba said...

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