A new Econometrix study estimates that illicit trade costs South Africa billions in annual tax revenue, while displacing formal production and tens of thousands of jobs.

The Beer Association of South Africa is urging National Treasury to balance excise policy and enforcement with the affordability and competitiveness of the formal beer market.

As Treasury reviews the country’s alcohol tax framework, a disputed claim about the illicit market is sharpening a wider debate over revenue, public health and the formal alcohol…