SAB wants excise tax relief – otherwise it may invest in African countries other than SA

The original article can be found here.

Article highlights:

  • South African Breweries has called for the government to adjust the excise tax rate in line with inflation, and not by more.
  • If SAB doesn’t get the relief and certainty it seeks from South Africa, it may expand outside of the country – for example, in Mozambique.
  • The brewer may also look at strategies like increasing hops imports.