FESTIVE SEASON AHEAD: The growing risk of illicit alcohol trading

--:--
GUEST – Angela Russell, CEO of Drinks Federation of South Africa [DF-SA]
The growing illicit alcohol market presents a serious risk to both South Africa's economic recovery and the health of our citizens. This illegal industry undermines the industry’s efforts to support economic growth through its fiscal contributions and to alcohol harm reduction, impacting lives and livelihoods. This was the focus of discussions at the DF-SA roundtable held in Johannesburg under the theme “The Rise of Illicit Alcohol: A Collaborative Approach to Address Health and Economic Challenges”.
Angela Russell, CEO of DF-SA, stated, Illicit alcohol is on the rise, and that we need a multipronged, multi-stakeholder approach to contain it. The profitability in the trade of illicit alcohol has attracted organised crime and the penalties for smuggling and tax evasion are an insufficient deterrent. If left unchecked, this could become a runaway train, as on the African content the illicit alcohol accounts for 40% of the market.
28 Oct 2024 1PM English South Africa Business News · Investing

Other recent episodes

SA consumers optimistic about income growth, but worry about inflation.

GUEST – Ayesha Hatea, Director of Research and Consulting at TransUnion TransUnion’s Consumer Pulse Study reveals South Africans remain financially resilient, making strategic financial adjustments amid inflation concerns and shifting credit trends 36% of consumers planning to take out a new car loan or lease within the next year prefer…
8 Apr 12PM 13 min

Rental scams on the rise in South Africa – How to spot them?

GUEST - Pearl Scheltema, CEO of Fitzanne Estates The rental market in South Africa is facing a growing threat: fraudulent property scams targeting both tenants and landlords. In 2025, reports indicate a sharp rise in rental fraud, with criminals becoming more sophisticated in their tactics. Fake property listings, impersonated agents,…
8 Apr 12PM 19 min

CAREERS CORNER - Qualification fraud on the rise in SA.  

GUEST – Jennifer Barkhuizen, Head of Marketing at Managed Integrity Evaluation (MIE) In today’s volatile job market, trust is no longer a given – it’s a gamble. With South Africa’s unemployment rate exceeding 32% and expected to rise beyond 33% this year, desperation is fueling deception in the job market…
7 Apr 1PM 18 min