7.8.2020 12:53 pm
The council has been pleading with government to save taverns, which are 54% owned by women, and which are currently closed due to the ban on alcohol sales.
The National Liquor Traders Council (NLTC) national convener, Lucky Ntimane says government has failed to communicate with the council in regards to the alcohol industry receiving a Covid-19 relief fund despite having written several letters in past weeks.
The city says relief will be provided to approximately 806,959 properties.
BATSA has argued that the ban on smoking is counterproductive, and the benefits to public health are outweighed by the damage being done to livelihoods, individuals, and the economy.
Denel’s financial woes make it unlikely that salaries will be paid by Friday, considering they need at least R370 million every month in working capital to keep operations running, but have R866 million in debts.
Among those selected to benefit from the Journalism Emergency Relief Fund are 25 South African newspapers, which included mainstream and community newspapers.
‘The unintended consequences of this ban have caused harm that far outweighs whatever positive outcomes it hoped to achieve,’ BLSA says.
SAB has already announced a potential R5 billion loss in investments, while liquor store owners worry about expired stock, taverns may never open again, waste pickers have less income, and the glass sector risks de-industrialisation.
Heineken further called on government to assist its industry in saving South Africans’ jobs.
According to the group, its objective is to reduce employee costs.
SAB says it has effectively lost 30% of its annual production due to the ban on alcohol sales.
The quarterly analysis by DebtBusters has been tracking client trends over the past four years.
Gas will be 4c per kilogram lower as from 5 August 2020.
The balance of what is not covered through a Nsfas grant to students from more affluent families ‘should be supplemented by a government-guaranteed bank loan’.
The complex deal Steinhoff CEO Louis du Preez announced last week might just do the trick.