The alcohol industry has asked for its excise tax to be deferred

  • Alcohol producers and traders have called for Covid-19 restrictions to be eased and for liquor trading to be allowed for off-site consumption, but at present face a blanket ban.
  • The latest request is the second from the industry, which applied for a deferment during the country’s second alcohol sales ban last year.
  • Alcohol producers and traders pay SARS about R2.5 billion a month in excise tax for imported and local products but the ban means that companies will have to pay excise tax for products that are sitting in their warehouses and can’t be sold due to the ban.

South Africa’s alcohol industry has asked for another deferment of its excise tax payment until the latest sales alcohol ban is lifted.

The industry’s request comes after President Cyril Ramaphosa’s Monday night announcement that the ban on the

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Industrial company Barloworld is one step closer to partially exiting the vehicle retail market after reaching an agreement on a joint venture with Akoo family owned NMI Durban South Motors (NMI-DSM).

The deal, valued at almost R1 billion, will see the Sandton head quartered company retaining a 50% stake in the joint venture. 

Barloworld’s automotive business includes car rental, retail, fleet services as well as used vehicles and disposals. It is also a dealer for US company Caterpillar (Cat), through its equipment business and has a logistics  business, as well as a consumer goods portfolio made up of its starch and glucose unit, that it acquired from Tongaat last year. The venture forms part of the group’s strategy to exit the vehicle sales market and eventually focus on its equipment and food businesses.

Barloworld CEO Dominic Sewela said in a statement: “The proposed restructure into this structure will enable us

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