//South Africa: Alcohol Ban Cost Economy More Than $892 In Taxes

South Africa: Alcohol Ban Cost Economy More Than $892 In Taxes

Brewing and beverage business enterprise Distell said on Monday the alcohol industry had already lost 118,000 jobs.

Whilst nearly 800 small and medium sized liquor manufacturers confronted financial ruin as a end result of the South African government’s ban on sales to strive and incorporate Covid-19.

SAB abandons R5bn of capital investment

The country’s largest beer maker, SAB, said the day gone by that it had deserted R5billion worth of capital funding projects in South Africa on the 12-week alcohol ban imposed via the government as phase of its response to the Covid-19 pandemic.