SAB warned that the excise increase 'wipes out the hope for the recovery of the beer value chain'. Stock photo.SA Breweries has expressed disappointment over finance minister Tito Mboweni’s decision to increase the excise rate for beer by 8%.SAB said in a statement the move was “yet another blow following a series of setbacks that the beer value chain has had to weather over the last 12 months, including 19 weeks of sales bans culminating in a loss of more than 200,000 jobs [1.
“The announcement means that tax on beer will increase by almost double the rate of inflation. In a time of unprecedented economic hardship, this decision will fundamentally impede the recovery of a value chain already on its knees.”
But people still can buy 1beer for R30. Atleast he is making those who fail to support their kids but instead buy lot of alcohol..to indirectly support them thru SASSA..right?
ngempela they ware feeling the lockdown and now Mboweni come with this 🤫