Today's Labour News

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sabmillerBL Premium reports that independently owned liquor stores have lost nearly 3,000 jobs as result of lockdown restrictions on the sale of alcohol, which has cost the sector R8.5bn in lost sales since they began in early 2020.

Labelling the restrictions discriminatory, uncompetitive and unsustainable, on Thursday the Consumer Goods Council of SA released findings of a research report it had commissioned on the effects of the Covid-19 regulations on the liquor industry, particularly as they relate to off-site consumption sales. The research found that nearly 3,000 jobs have already been lost in more than 1,400 independently owned liquor stores, which employ more than 14,000 people. While the government eased liquor restrictions in July, the sale of alcohol for off-site consumption is only permitted between Monday and Thursday. The report, conducted by independent research company Ipsos, also found that at least 67% of those interviewed predicted business closure should the restrictions continue, with 35% at risk of closing in less than three months and another 25% in six months or more, which imply further job losses. According to the study, liquor retailers have been losing about 50% of revenue they would have earned from Thursday to Saturday, yet overhead costs have remained unchanged. The revenue losses for small liquor outlets were as high as 65% of weekly turnover between Friday and Sunday.

  • Read the full original of the report in the above regard by Andries Mahlangu at BusinessLive (subscriber access only)

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