How much more alcohol will it cost you after Mboweni’s 2021 budget speech?
Once again this year, he will pay more for his sins.
JOHANNESBURG – On Wednesday, Finance Minister Tito Mboweni announced a series of changes for South African consumers and businesses during his 2021 budget speech.
One of the most unpopular increases among South Africans is excise duties on alcohol and cigarettes.
Once again this year, he will pay more for his sins. Despite calls from the alcohol and tobacco industry to reduce excise taxes on alcohol and tobacco, the government plans to increase them by 8% by 2021/22.
“It is clear that excessive alcohol consumption can lead to social situations and …