VinPro is appealing to Treasury for no more excessive tax hikes and the SA Liquor Brand Owners Association (Salba) said that increasing excise at rates above inflation would continue to provide a competitive advantage to illicit traders at the cost of the legal market and society at large.
President Cyril Ramaphosa is expected to receive the second part of the report of the Judicial Commission of Inquiry into Allegations of State Capture, Corruption and Fraud in the Public Sector, on Tuesday, 1 February.
Prolonged economic stagnation, unemployment, state collapse, failure of public infrastructure, proliferation of illicit economic activity – these are the top risks facing South Africa, according to the 17th World Economic Forum Global Risks Report.