DStv Channel 403 Saturday, 30 November 2024

Wine industry fears financial loss over 80% excise tax

CAPE TOWN - Measures must be taken to reduce excessive alcohol consumption, this has been reiterated by the Douglas George Murray Trust.

It follows Treasury's proposed 80% excise tax on wine which will go into effect next year.

However, industry insiders warn of a potential job slaughter in the agricultural sector, which contributes approximately R56 billion to the country's GDP each year.

eNCA’s Nobesuthu Hejana reports in the video above.

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