South African wine grape producers, cellars and other wine-related businesses representative body Vinpro said yesterday that it was disappointed by the postponement of a case set to be heard in the Western Cape High Court yesterday and today.
The legal challenge by wine producer body Vinpro against the government, whereby the body is contesting specific aspects of decision-making in respect of liquor bans, has been postponed until August.
Budget 2021: Excise duty hike is final blow to the wine sector iol.co.za - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from iol.co.za Daily Mail and Mail on Sunday newspapers.
Alcohol, tobacco, hospitality industries look to Mboweni to ease struggles The alcohol industry recently reported that it lost R36.3 billion in sales revenue as a result of the three lockdown-related bans. FILE: Finance Minister Tito Mboweni delivers his Medium-Term Budget Policy Speech in Parliament on 28 October 2020 in Cape Town. Picture: GCIS
36 days ago
CAPE TOWN – South Africa s alcohol and tobacco industries are hoping that Finance Minister Tito Mboweni will not increase excise taxes in the coming Budget speech, following huge losses as a result of the COVID-19 lockdowns.
Industries and companies will be looking to the minister on Wednesday afternoon, hoping for further government interventions to help them turn things around.
Alcohol industry releases data on cumulative impact of three alcohol bans, showing R36.3 billion in lost revenue Friday, 19 February, 2021 FTI Consulting
The cumulative impact of the three alcohol bans has put 200 200 jobs supported by the alcohol value chain at risk in the nation s informal and formal economy.
An assessment of the economic impact of the three alcohol bans in 2020, including the five-week ban between 29 December 2020 to 2 February 2021, which tracks the cumulative impact on the alcohol industry was completed on 12 February 2021, revealed the damaging financial implications of the Government s prohibition decree.
Kurt Moore, CEO, South African Liquor Brandowners Association (SALBA), said that not only is the industry and its people suffering, but the Government itself was experiencing considerable losses to the fiscus. According to the assessment, the tax revenue loss (excluding excise) to the fiscus from th