Alcohol industry wants excise tax deferment

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The industry says it is extremely challenging to pay these taxes when they have no cash flow.

R8-billion has been lost in direct sales revenue due to the alcohol sales ban. And, that's just from the wine industry. This is according to Non-Profit Company, Vinpro, which represents wine producers and cellars.

Nandi Tshabalala talks to Vinpro's Managing Director, Rico Basson.They say it's extremely challenging to pay these taxes when they have no cash flow."The reason why we need a deferment is from a cash flow perspective," says Rico Basson, managing director of Vinpro.Watch the video above for more details on this story.

 

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We need compensation

If I was the alcohol sector I will send a message to Hamlet (honourable president) and Zol Gogo (honourable Cogta minister) we have had enough we moving our industries to Namibia and other counties where we are appreciated. So sad these bullies cannot see past their ears!

Are those industries owned by south African, if not why cant the close business nd go back to their country , to do more profit, they will come back after COVID19

This is time for government to revamp the breweries Industry SAB has been in charge of giving birth to drunkers in this country

Alcohol is a problem in this country.. It should remain Banned

Would you blame The industry ? NO .who loose alot infact here? OUR government love SA poeple selfishly

Would be great if they could start the tax revolt and have other big players climb on that bandwagon.

Fair request in my opinion. You cannot force them to close their doors and still expect them to pay the same levels of taxation!!

All Citizens should do Tax Revolt. this government

Stop bending over and fight this nonsense. Just sell, and ignore. If Italy can have a civil disobedience campaign, 5hen so can we

They need to need

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