Brian Sokutu
Senior Print Journalist
1 minute read
15 Aug 2020
9:56 am

Continued booze ban threatening international trade, tourism

Brian Sokutu

A leading economist warns that beside the massive sin tax loss, the booze ban also cause SA to miss the boat on the resumption of global trade and tourism.

Picture for illustration purposes. Picture: Michel Bega

Amid calls for President Cyril Ramaphosa to reopen the economy, an economist warned that government faced a double whammy should it continue with the Covid-19 lockdown. Lost “sin taxes” would never to be recouped, with the country having missed the global trade boat. Professor Peter Bauer from the University of Johannesburg School of Economics was commenting on billions lost in revenue due to the ban on the sale of tobacco and alcohol products. “Hoping to recoup revenue from so-called sin taxes is now too late because it is money that has already gone down the drain. When we are in...