Earlier this week, the Beer Association of South Africa announced the results of a survey conducted by its member, The Craft Brewers Association of South Africa , indicating the devastation craft brewers, as small businesses, face due to the third blanket ban on alcohol.
* 41.3 % of craft brewers will have to consider destroying stock that was prepared for the festive season, as it will soon expire in storage.Last month, President Cyril Ramaphosa moved the country from level 1 to adjusted level 3 lockdown. He banned alcohol sales as coronavirus cases continued to rise and when South Africa was on its way to the peak of the second wave.
“CBASA members have maximised their credit extensions, and are now drowning in waves of debt with no ability to pay off their loans or rental fees. Already, 30% of local breweries have been forced to permanently shut their doors and 165 000 people have lost their jobs.
Neither will their arrogance
STOPTHELOCKDOWN STOPPAYINGTAXES
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.