JOHANNESBURG - On Wednesday, Finance Minister Tito Mboweni reported a heap of changes for South African customers and organizations during his Budget Speech for 2021.
Quite possibly the most disliked increments with South Africans is extract charges on liquor and cigarettes.
By and by this year, you'll be paying more for your wrongdoings. Notwithstanding calls from the liquor and tobacco industry to ease extract obligations on alcohol and tobacco, government intends to raise them by 8% for 2021/22.
"Obviously unnecessary liquor utilization can prompt negative social and wellbeing results. Customers do respond to cost increments, and greater costs should prompt lower utilization of liquor items with positive side projects," Mboweni said during his discourse, which started at 2pm.
Here's a breakdown of how that affects your purchasing power:
a 340ml container of brew or juice will cost an extra 14c
a 750ml container of wine will cost an extra 26c
a 750ml jug of shimmering wine an extra 86ca jug of 750 ml spirits, including whisky, gin or vodka, will increment by R5.50
a bundle of 20 cigarettes will be an extra R1.39c
25 grams of channeled tobacco will cost an extra 47c
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