Beer, wine and cigarette prices rise in South Africa
The government will increase excise taxes on alcohol and tobacco products by 8%, the National Treasury said on Wednesday.
This comes as the National Treasury made the decision to reverse its earlier announcement of additional fiscal measures that would have raised R40 billion amid a revenue shortfall.
Delivering his speech on the 2021 budget on Wednesday (February 24), Finance Minister Tito Mboweni said that the following increase will take effect immediately:
- A 340 ml can of beer or cider will cost an extra 14 cents;
- A 750 ml bottle of wine will cost an extra 26 cents;
- A 750 ml bottle of sparkling wine an extra R1.15 cents;
- A 750 ml bottle of spirits, including whiskey, gin or vodka, will increase by R5.50;
- A pack of 20 cigarettes will have an additional cost of R1.39;
- 25 grams of chopped tobacco will cost an extra …