South African Liquor Traders Warn Tax Hike Will Increase Illicit Alcohol Sales
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Liquor traders in South Africa are expressing concerns over a proposed increase in alcohol excise duties by the National Treasury. The president of the Concerned Tshwane Liquor Traders Association, Oupa Mthombeni, argues that raising prices will not effectively address alcohol consumption issues. He warns that the tax hike could lead to a significant rise in illicit alcohol sales, which would impact both businesses and the government. Corporate Relations Director at Diageo, Sibani Mngadi, emphasizes that tackling alcohol abuse requires a comprehensive approach beyond just higher taxes. The proposed tax increase is set for the 2025/26 financial year.
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Key Entities
- • National Treasury
- • Concerned Tshwane Liquor Traders Association
- • Diageo
Multi-Perspective Analysis
Left-Leaning View
A left-leaning perspective may emphasize the need for comprehensive social programs to address the root causes of alcohol abuse rather than punitive measures like tax hikes.
Centrist View
A centrist view might advocate for a balanced approach that considers both public health and economic impacts, suggesting that dialogue between stakeholders is essential.
Right-Leaning View
A right-leaning perspective could argue that the government should focus on deregulation and market solutions rather than increasing taxes, which could stifle legitimate businesses.
Source & Verification
Source: SABC News RSS
Status: AI Processed
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