Govt finances off to a rocky start in 2021 as new lockdown eats into tax revenue - economists

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Government has reinstated a ban on alcohol sales (Photo: Getty)
Government has reinstated a ban on alcohol sales (Photo: Getty)

The move to adjusted an lockdown Level 3, which includes a ban on alcohol sales, will have a negative impact on tax revenue, but this won't push the economy over a cliff either, says an economist.

Last week, amid rapidly rising Covid-19 cases which saw the country breach the one million mark, President Cyril Ramaphosa announced the economy would move from Level 1 lockdown restrictions to adjusted Level 3. The lockdown is to be reviewed on 15 January.

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