Level 1: Alcohol industry concerned about off-consumption restrictions

18 September 2020. South Africa’s alcohol industry welcomed today’s announcement by the government to place the entire country on Alert Level 1, but raised concerns about the continued restrictions for off-consumption sales of alcohol which will now include Fridays and the curfew being extended to midnight. These measures will come into effect at midnight on Sunday, 20 September. Read more…


GDP statistics: Agriculture is the economy’s backbone

15 September 2020. The gross domestic product (GDP) statistics released by Stats SA has indicated a decline of 51% in the second quarter of 2020. This is the fourth consecutive quarter decline since the second quarter of 2019 catapulted South Africa’s economy into a recession. Read more…


Global Economics Intelligence executive summary

10 September 2020. Economic indicators improved and trade began to recover; output and demand are still below pre-COVID-19 levels; recovery in the US, Brazil, and India is impaired by the ongoing public-health crisis. Read more…


Covid-19 has hit SMEs in SA’s food sector hard. What can be done to help them?

8 September 2020. Covid-19 has prompted widespread discussion of the resilience of food systems and how efficiency and competitiveness have been previously understood. Read more…


Extension to deferment periods on excise duty payments

31 August 2020. Due to the lockdown restrictions on the sale of alcoholic beverages and tobacco products in South Africa, the National Treasury implemented a deferment of excise duties for excise compliant businesses in respect of payments due in May and June 2020. The deferment facility allows taxpayers to defer tax payments without interest or penalties levied. Read more…


South Africa: 12-14 million people will move to cities over next 15 years

21 August 2020. Read more…


Industry welcomes lifting of alcohol ban, will avail resources to fight Covid-19

18 August 2020. The industry said it is now looking forward to working across the value chain to ensure the sector is able to begin to rebuild and to make its valuable contribution to the revival of the country’s economy.  Read more…


Global Economics Intelligence executive summary, July 2020

12 August 2020. Deep second-quarter contractions were measured in the United States and the eurozone. Economic indicators improved in June and July, but disparities in controlling the novel coronavirus suggest diverging recovery paths. Read more…


Alcohol industry applies for deferment of R5bn in excise tax

21 July 2020. The renewed prohibition of alcohol sales with immediate effect has led the South African alcohol industry to apply for a deferment of the payment of over R5bn in excise duties for July and August 2020. Read more…


Reinstated liquor ban puts pressure on agricultural commodities

21 July 2020. With the first ban on liquor sales, due to Covid-19 regulations, there was already an accumulation of supply of raw materials, some of which could not be stored for extended periods and which also did not have any export opportunities. Read more…