A 2020 study found that the cost incurred by provincial and national governments from alcohol abuse was R17 billion
Lost your password? Please enter your username or email address. You will receive a link to create a new password via email.Lost your password? Please enter your username or email address. You will receive a link to create a new password via email.has proposed setting a minimum price for alcoholic beverages to reduce harmful consumption which is a drain on the country’s health resources.
“The price has to be set at a place where very few people can afford it so that there is a reduced number of people who consume it,” said independent analyst Sithole said one of the key considerations for the department was the fact that taxation has become a blunt instrument in terms of dealing with the hazardous use of alcohol. aim to reduce the use of products that have negative effects on society and people’s health, such as tobacco, alcohol, and sugary drinks, and are also necessary for revenue generation to fund public services and infrastructure.
In the Customs Act the guidelines for wine, beer and spirits say the tax is 11%, 23% and 36% respectively for each alcohol category.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
SA-Ukraine visa agreement in the pipeline since 2020, clarifies PresidencyOn Sunday, Home Affairs Minister Leon Schreiber announced on social media platform, X, that he signed an historic agreement granting free visa access to diplomatic, official and service passport holders from Ukraine.
Read more »
US judge pauses Trump 2020 election case after election victory - SABC NewsUS judge on Friday paused Donald Trump 2020 election case after election victory.
Read more »
Over 3,000 Gauteng spaza shops per year found to be non-compliant since 2020The Gauteng MEC for Health stated that over 16,000 food outlets and spaza shops had been found in violation of regulations since 2020
Read more »
Inflation down sharply in October – lowest since June 2020The much lower inflation rate should make it easier for the South African Reserve Bank to decrease the repo rate again tomorrow.
Read more »
National Treasury's 'Bank Account Closure' Legislation Amendment Becoming UrgentProtecting the economic participation rights of individuals and businesses is critical. It is part of fostering an inclusive financial ecosystem.
Read more »
You can now comment on Treasury’s proposals to tax alcoholThe policy document emphasises that excise tax increases should aim to reduce the affordability of alcoholic beverages.
Read more »