You tax booze, you lose: raising excise tax isn’t an option for finance minister

You tax booze, you lose: raising excise tax isn’t an option for finance minister

Aggressive excise tax increases on alcohol have given illicit trade an edge, with players quick to take the gap

A shopper browses bottles of red wine inside a Checkers supermarket in Rosebank shopping mall in Johannesburg. Finance minister Enoch Godongwana has a tough job to balance competing demands when he tables the 2022 budget on Wednesday.

Covid-19 and its impact on the economy have caused terrible hardship and lasting damage. Unemployment is at record levels and there is little reason to believe the job losses will be reversed, let alone that new entrants to the jobs market will ever […]

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