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Excise tax: SAB calls for regulatory certainty to protect R71b industry

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SAB CEO Richard urges government for stable excise tax policy, citing operational disruption in the R71 billion industry.

“In running the business, you must take account of the costs, but everything now must come to a stop,” said Roodt.

“It would be easier for excise duties if you knew beforehand what the changes would be.” Ramatlhodi said regulatory certainty was “key in creating industry stability”.consumer being under pressure this year, prospects looked better for 2024- 25 financial year. “The SA consumer has been taking strain from high inflation and rising interest rates over the last year, with consumer sensitivities around beer price hikes having increased,” said Ellis.

 

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