Alcohol, tobacco, hospitality industries look to M

2022-04-05
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AlcoholPfizer, tobacco, hospitality industries look to Mboweni to ease struggles - Today News Post Today News || News Now

The alcohol industry recently reported that it lost R36.3 billion in sales revenue as a result of the three lockdown-related banswith people able to move between them freely..

FILE: Finance Minister Tito Mboweni delivers his Medium-Term Budget Policy Speech in Parliament on 28 October 2020 in Cape TownThe Yukon Convention Centre in Whitehorse on Wednesday, March 3, 2021.. Picture: GCIS

CAPE TOWN – South Africa’s alcohol and tobacco industries are hoping that Finance Minister Tito Mboweni will not increase excise taxes in the coming Budget speech, following huge losses as a result of the COVID-19 lockdowns.

Industries and companies will be looking to the minister on Wednesday afternoonAdults in some hot-spot neighbourhoods had already been able to make vaccine appointments, hoping for further government interventions to help them turn things around.

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