Mmegi Online :: KBL paid over P760m in alcohol levy
Banners
Banners
Banners
Banners
Last Updated
Friday 22 June 2018, 06:00 am.
Banners
KBL paid over P760m in alcohol levy

As of June last year the Kgalagadi Breweries Limited (KBL) paid over P760 million to government in alcohol levy. Last July, the assistant minister of Health, Alfred Madigele told Parliament that KBL has paid P760,688,990 to the government coffers since the alcohol levy was introduced eight years ago.
By Staff Writer Fri 18 Mar 2016, 15:49 pm (GMT +2)
Mmegi Online :: KBL paid over P760m in alcohol levy








In response to the Gaborone Central legislator, Phenyo Butale’s question on how much the brewer has had to part with since the introduction of the levy, Madigele said that the amount was not from KBL but rather from the taxation of the company products.

“Mr Speaker, the balance on the alcohol levy account in my ministry as at June 2015 is P14,228,584.66. The Ministry of Health only receives 5 percent of the alcohol levy funds. The current Alcohol Levy Funds distribution ratio is 85 percent to Government Consolidated Funds, 10 percent to Gender Affairs Department and 5 percent to the Alcohol Campaign in my Ministry, which in this case is the Ministry of Health,” Madigele said at the time.  He also stated that the alcohol levy funds in his ministry were accounted for just like all government funds.

“Alcohol levy funds are channelled through the treasury: they are collected by

Banners

Botswana Unified Revenue Services (BURS); they are then routed through the Accountant General, who then disburses the funds to respected beneficiaries in the proportions stated above.”

He said, then, that his ministry was not aware of the impending retrenchment exercise at KBL or the number of jobs that are on the line. However, he said the alcohol industry had raised concerns that major immediate increases in the alcohol levy hurt the operations of beverage manufacturers like KBL. To that end, the ministries of Trade and Industry and Health had met and discussed these concerns, and continued to dialogue on the issue for best possible solutions.

“It is however important not to lose sight of the broader purpose for which levy on Alcohol Beverages Fund Order was established: to promote projects and activities designed to combat alcohol abuse and minimise the effects of alcohol abuse in our society.”

Subscribe to our Newsletter
Banners
Banners
Banners


News
Fri 18 Mar 2016, 18:00 pm
Fri 18 Mar 2016, 16:23 pm
Fri 18 Mar 2016, 15:54 pm
Fri 18 Mar 2016, 15:54 pm
Fri 18 Mar 2016, 15:50 pm
Fri 18 Mar 2016, 15:49 pm
Fri 18 Mar 2016, 14:43 pm
Fri 18 Mar 2016, 14:43 pm
Fri 18 Mar 2016, 14:42 pm
Fri 18 Mar 2016, 14:42 pm
Fri 18 Mar 2016, 14:36 pm
Thu 17 Mar 2016, 18:00 pm
Thu 17 Mar 2016, 15:29 pm
Thu 17 Mar 2016, 15:20 pm
Thu 17 Mar 2016, 15:17 pm
Thu 17 Mar 2016, 15:16 pm
Thu 17 Mar 2016, 15:16 pm
Thu 17 Mar 2016, 15:06 pm
Thu 17 Mar 2016, 15:06 pm
Thu 17 Mar 2016, 15:06 pm
Thu 17 Mar 2016, 14:57 pm
Thu 17 Mar 2016, 14:57 pm
Wed 16 Mar 2016, 18:00 pm
Wed 16 Mar 2016, 15:35 pm
Wed 16 Mar 2016, 15:30 pm
Banners
Banners
Exchange Rates
FOREIGN EXCHANGE: Wednesday, 17 Jan 2018
FOREIGN / PULA
PULA / FOREIGN
1 USD = Pula   9.7656
1 GBP = Pula   13.4590
1 EUR = Pula   11.9617
1 YEN = Pula   0.0882
1 ZAR = Pula   0.7938
1 Pula = USD   0.1024
1 Pula = GBP   0.0743
1 Pula = EUR   0.0836
1 Pula = YEN   11.34
1 Pula = ZAR   1.2597
Subscribe to our Newsletter
have a story? Send us a Tip
Banners
  • Previous
    Ocean
    Next
    Masa Centre
    ::: Friday 22 Jun - Thursday 28 Jun :::
    Ocean's Eight
    Isle of Dogs
    Incredibles 2
    Hereditary
    Jurassic World: Fallen Kingdom
  • Previous
    Incredibles 2
    Next
    Riverwalk
    ::: Friday 22 Jun - Thursday 28 Jun :::
    Incredibles 2
    Ocean's Eight
    Jurassic World: Fallen Kingdom
    Breaking In
  • Previous
    Isle of Dogs
    Next
    Gamecity
    ::: Friday 22 Jun - Thursday 28 Jun :::
    Isle of Dogs
    Ocean's Eight
    Hereditary
    Incredibles 2
    Jurassic World: Fallen Kingdom
    Breaking In
Selefu
UDC defections
Banners
Banners
istanbul escort