• Investment options

    A Fin24 user is warned against saving himself into bankruptcy.

  • Coffee time

    Starbucks has a new way to wake up its customers. Clue: calorie count.

Data provided by McGregor BFA
All data is delayed
Loading...
See More
Where am I? Home

SAB: Licence moratorium harms economy

Sep 01 2011 13:41 Sapa

Related Articles

Gauteng liquor licence moratorium stays

Gauteng liquor licences to be reviewed

Alcohol ad ban will cost jobs - study

No outright ban on alcohol ads - report

State mulls tougher liquor laws

War brews over alcohol in shops

 

Johannesburg - A six-month moratorium on the issuing of new liquor licences in Gauteng is hurting the economy, SA Breweries (SAB) said on Thursday.

The moratorium limited the revenue the state could generate by taxing legitimate businesses, said SAB's Egoli division general manager Leonard Volschenk in a statement.

This was particularly concerning given the present economic climate, he said.

The six-month moratorium was put in place from August 8, by MEC for economic development, Qedani Mahlangu.

It was issued in response to large numbers of fraudulent permits which perported to be authorised by the Gauteng Liquor Board.

Volschenk said it was SAB policy only to sell to licensed outlets, but there was no system against which the company could check the validity of permits.

"Only the Liquor Board is in a position to confirm whether a licence is valid and they have been unwilling to engage in a verification process," he said.

An appeal against the moratorium was dismissed this week by high court judge Elias Matojane.

He said that while he appreciated the applicants' concerns, the lifting of the moratorium would only exacerbate the existing difficulties with the liquor licensing system.

 
gauteng  |  liquor licences
NEXT ON FIN24X

 
 
Comment on this story
1 comment
Add your comment
Comment 0 characters remaining
 

Company Snapshot

For detailed Unit Trust information, click here.

We're Talking About...

The Debt Issue

The Debt Issue brings you the latest debt news, tips on how to deal with and avoid debt, a panel of debt experts and real life debt stories from across South Africa.
 

Money Clinic

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