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.
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