Department of Trade and Industry
Guidelines for Good Business Practice for the liquor industry have been signed.
The guidelines apply to South African liquor companies operating on the African continent.
In a statement, the trade and industry department confirmed that the companies that signed in Cape Town yesterday included Distell, Heineken, Diageo, Pernod Ricard, SALBA and Vinpro.
According to the trade and industry minister, Rob Davies, the Guidelines “aim to encourage companies to align their involvement and practices with the South African government’s integration and development objectives in the continent and build mutual confidence, trust and benefit for the companies and the societies in which they operate”.
The minister added that the Guidelines are a “voluntary set of principles and standards that seek to ensure that the operations of various South African businesses abroad are in compliance with the laws of the countries in which they operate; as well as aligned with and in support of
government policies and the developmental approach to regional economic integration in the African continent”.
Meanwhile, the portfolio committee on trade and industry has resolved to engage the minister on concerns raised recently by the sugar industry on the impact of the sugar tax on the local industry.
At a recent meeting, the committee resolved that the trade and industry minister should engage with the health and finance ministers to discuss the impact of the health promotion levy on the sugar industry, ensure compliance with the implementation of the mitigating measures agreed to at Nedlac and ensure that the industry utilizes its full quota with the European Union.