Illicit alcohol trade claims R20bn of the market | Citypress

  • 📰 City_Press
  • ⏱ Reading Time:
  • 15 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 9%
  • Publisher: 72%

Business News News

Business Business Latest News,Business Business Headlines

Underground alcohol trade networks brought about by the bans on the sale of alcohol as part of Covid-19 restrictions have now taken root and claim a 12% stake (R20.5 billion) of the R177.2 billion industry’s market value

Research commissioned by the SA Liquor Brand Owners Association , the Beer Association of SA and Vinpro, and conducted by Euromonitor International, reveals that the illicit alcohol trade has now overtaken the entire combined formal wine and cider sectors.

Photo: Yuki Shintani / GettyResearch commissioned by the SA Liquor Brand Owners Association , the Beer Association of SA and Vinpro, and conducted by Euromonitor International, reveals that the illicit alcohol trade has now overtaken the entire combined formal wine and cider sectors.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

The government is not serious about this types of crimes. Even illicit cigarettes. Wanna know why? The perpetrators sponsor elections.

JvanLogg So what. Amagents aya phanda. Chicago was built same. Let's roll

And less tax revenue to the fiscus

So many bitcon traders on Twitter are trickster AmeliaMaveric thank you for opening my eyes to their ways now I’m pretty sure I’ll be able to help others

Tax free😁😁😁 government was warned

How much tax did SARS miss out on?

Who cares 🙄

Moretli_Vinny Really? And who gains from the illicit trade?

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 7. in BUSİNESS

Business Business Latest News, Business Business Headlines