Tag: alcohol ban
Edward Kieswetter, Commissioner of the South African Revenue Service charged with the job of collecting the country's dwindling tax in the teeth of the COVID-19 pandemic. How much are we missing, how much did the ban on alcohol and cigarettes cost the county's coffers? What can be done about it? He joins CNBC Africa for more.
South Africa’s government has reinstated an alcohol ban in the country which saw alcoholic drinks maker Distell’s share price dropped by more than 6 per cent in Monday trading but has gained by 3 per cent in trade this morning. Joining CNBC Africa for more is Richard Rushton, CEO of Distell.
The South Africa government has reinstated an alcohol ban and has made adjustments to travel restrictions under level 3 lock-down, in the hope of taking strain off from the healthcare sector and further reopening the economy. Joining CNBC Africa for more is the Black Business Council Treasurer General, Bonolo Ramokhele.
Alcoholic drinks maker Distell reported that its full year headline earnings may drop between 60 and 80 per cent due to the Covid-19 impact on its business.