Boozers to give govt P400m tsaa tanki :: Mmegi Online

Alcohol producers have lost P880 million as a result of the suspensions of trade. The largest of them, Kgalagadi Breweries Limited (KBL), paid P218 million less in taxes last year. But resilient as ever, alcohol consumers are expected to pop out P394 million in 2021 via the alcohol levy. Staff Writer, MBONGENI MGUNI writes

Beaten and battered as it is, the alcohol industry continues to demonstrate surprising resilience. Despite only being operational for 183 days out of a total 286 days between March 21, 2020, the first sales ban and December 2020, the end of the calendar year, the industry’s main player, KBL, still managed to pay P606 million in taxes during that year.

The period was not without “casualties” however. Assistant Investment, Trade and Industry minister, Molebatsi Molebatsi last week revealed that 650 liquor outlets out of 4,893 had closed shop, while one of the country’s three producers, Big Sip, is in provisional liquidation.

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