SAB’s tip for finance minister Tito Mboweni — that he give a tax break to SA’s brewers, which are reeling from alcohol sales bans — is likely to fall on deaf ears as SA struggles to rebuild its Covid-battered finances, notwithstanding the recent improvement in government finances, economists say.

Just a week after Mboweni launched his TIPS for MoF campaign, a tradition that was started by Trevor Manuel just over two decades ago, the brewer, owned by AB InBev, embarked on a social media campaign and asked the minister for a zero increase in excise tax. The tax added R46.8bn to the fiscus in 2019...

BL Premium

This article is reserved for our subscribers.

A subscription helps you enjoy the best of our business content every day along with benefits such as exclusive Financial Times articles, ProfileData financial data, and digital access to the Sunday Times and Sunday Times Daily.

Already subscribed? Simply sign in below.



Questions or problems? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now