The alcohol industry, blindsided by Sunday’s immediate ban on the trade in liquor and still reeling from R18bn in lost revenue during the first period of prohibition, has warned of disaster due to the new restrictions.
The industry including large players such as Heineken, AB Inbev, Distell and more than 2,500 wine farms represented by VinPro, issued a strongly worded statement on Monday warning of billions in lost tax revenue and growing job losses.A subscription helps you enjoy the best of our business content every day along with benefits such as exclusive Financial Times articles, ProfileData financial data, and digital access to the Sunday Times and Times Select.
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Alcohol ban will lead to ‘disaster’ for liquor industry and lift job lossesPresident Cyril Ramaphosa announced a ban on alcohol sales on Sunday citing a need to reduce pressure on SA’s hospitals
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