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South Africa’s drinks industry seeks tax relief after new sales ban

South Africa’s drinks industry seeks tax relief after new sales ban

SOUTH  Africa's alcohol industry, reeling under a renewed liquor sales ban since end December, has called for a deferment of excise duty to stave off a wave of business closures and job losses. President Cyril Ramaphosa extended an existing countrywide ban on alcohol sales on Monday saying it has helped to reduce trauma cases in hospitals and keep staff and facilities available for COVID-19 patients. He did not give a definitive date on when the ban would be lifted. "The South African wine industry faces a grim picture of business closures, job losses, downward price pressure, structural damage to subsectors,"…
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The 2021″budget of hope”: tax reliefs, “sin taxes” hike

The 2021″budget of hope”: tax reliefs, “sin taxes” hike

AFRICAN MIRROR REPORTER SOUTH African Finance Minister Tito Mboweni today unveiled a 2021 “Budget of Hope” which contained tax relief measures, more government spending to stimulate economic activity as well as increases in the prices of alcohol and fuel. Mboweni revealed that the government has set aside R19.3-billion for the purchase of COVID-19 vaccines for a nation where over 50 000 people have died and over 1.3-million have been infected. No new taxes would be introduced to fund the vaccines, which will be provided free of charge for the majority of South Africans. He also tabled a Budget that did…
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