Alcohol sales ban threatens the financial viability of one of the biggest employers in the Western CapeSA’s embattled wine industry could lose an estimated R1.5bn worth of stock as it runs out of space to store excess wine within the next few weeks as the new harvest starts amid the ban on alcohol.
The liquor industry is suffering a third alcohol sales ban after 12 weeks of restrictions in 2020 after President Cyril Ramaphosa announced the prohibition towards the end of December. ..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 Sunday Times Daily.
So sorry for everyone who suffers losses from incompetence in government!
I’ll help....
That's the excuse, every time!
Fcuk this ANC government !
Deplorable and should be rectified
jsteenhuisen I have space available at my place. Please forward stock! 👏👌
jsteenhuisen Highlights once again the gross incompetence of the Crime Institution posing as a government.
And MSM has applauded the lock down and the alcohol ban by showing us empty trauma theatres in hospitals unfit for Covid1984 patients.
jsteenhuisen Isn’t it alcohol ‘sales’ that are prohibited? Why don’t the wine producers ‘give it away’ with payments deferred to post-ban?
Maar jy sien NOOIT 'n uitverkoping by die drankwinkels nie! Maak dit enige ekonomiese sin?!
jsteenhuisen This ban must be lifted ASAP. voetsekANC AlcoholBan
jsteenhuisen Ek het stoorplek. Dubbel garage, eetkamer, 3 slaapkamers en n sitkamer. Stoor gerus hier. Geen betaling nodig.
sheryllowenthal Once again! Major losses in revenue for the government because of their stupid rules!
jsteenhuisen I can store it for you, no charge
jsteenhuisen
Lol! What a shame.
Send it to my house, I will keep it for them.
I tbink the government should buy it and all other goods that are going tonwaste as a result of the nonsensical ban on certain items we consume.
Why don’t they bottle it
I have some space at my house.
Last week it was SAB 😪
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Wine worth R1.5bn at risk of being lost as industry runs out of storage capacityStocks at highest levels in wine industry's 360-year history with less than a week before the 2021 harvest starts I have space at my house
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