• Sars Wars returns

    Allan Greenblo looks at the leadership concerns around the 'Twin Peaks' regulatory model.

  • Inside Labour

    When unions later this year start to demand double digit pay rises, don't be surprised, says Terry Bell.

  • Anti-nuclear group

    ANC general secretary Gwede Mantashe rebukes those who feel SA can't afford nuclear power.

All data is delayed
Loading...
See More

Booze ads ban could slash 12 000 jobs

Jun 12 2013 10:31
Sapa

Johannesburg - A ban on alcohol advertising will result in a loss of 12 000 jobs, The Times newspaper reported on Wednesday.

The ban would also result in an almost R1.8bn loss in tax revenue.

Research by Econometrix revealed that sports teams, charities, and the arts would lose sponsorships totalling R322m a year, The Times reported.

However, the ban would make little difference in the fight against alcohol abuse.

Econometrix senior economist Rob Jeffrey told the newspaper that his research revealed that there was no statistical relationship in South Africa linking advertising spending and alcohol consumption.

Jeffrey said the proposed ban on alcohol advertising would have a "severe negative effect on the economy".

A new draft of last year's Control of the Marketing of Alcoholic Beverages Bill was making its way through the country's legislative system.

Health Minister Aaron Motsoaledi has been vocal in opposing alcohol advertising.

Follow Fin24 on Twitter, Facebook, Google+ and Pinterest.

aaron motsoaledi  |  jobs

NEXT ON FIN24X

 
 
 

Read Fin24’s Comments Policy

24.com publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
120 comments
Comments have been closed for this article.
 

Company Snapshot

We're talking about:

SMALL BUSINESS

Marketing is a big concern in SA's small business community, followed by a lack of confidence and partnering with the wrong people, according to a survey.
 

Money Clinic

Money Clinic
Do you have a question about your finances? We'll get an expert opinion.
Click here...

Voting Booth

The regulation of WhatsApp and other OTTs is:

Previous results · Suggest a vote

Loading...