Home South Africa News #BudgetSpeech2020 – These are the new prices for alcohol

#BudgetSpeech2020 – These are the new prices for alcohol

Tito Mboweni

Finance Minister Tito Mboweni has announced an increase in sin taxes.

Delivering the annual budget speech in the National Assembly, Mboweni announced the following increases.

  • A 340ml can of beer or cider will cost only an extra 8c
  • A 750ml bottle of wine will cost an extra 14c
  • A 750ml bottle of sparkling wine an extra 61c
  • A bottle of 750 ml spirits, including whiskey, gin or vodka, will rise by R2.89
  • A packet of 20 cigarettes will be an extra 74c
  • A 25-gram of piped tobacco will cost 40c more
  • A 23-gram cigar will cost an extra R6.73

Mboweni also announced a new excise duty on heated tobacco products to be taxed at rate of 75-percent of the cigarette excise rate.

The government also intends to tax electronic cigarettes in 2021.

In other news – Prince Kaybee & DJ Maphorisa’s fight heats up – More beans spilt

After going back and forth exchanging words on the TL, Prince Kaybee has revealed that he holds no grudge against DJ Maphorisa.

Prince Kaybee & DJ Maphorisa

This comes after DJ Maphorisa got the block hot after he made an example about owning the masters to his music alleging that Prince Kaybee, Lady Zamar, and Mafikizolo didn’t. continue reading

Source: eNCA


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