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South Africa beer, wine and cigarette prices to go up
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Government will increase the excise duties on alcohol and tobacco products by 8%, the National Treasury said on Wednesday.
This comes as the National Treasury took a decision to reverse its earlier announcement of additional tax measures that would have raised R40 billion amid a revenue shortfall.
Presenting his 2021 Budget Speech on Wednesday (24 February), finance minister Tito Mboweni said that the following increase will take effect immediately:
A 340ml can of beer or cider will cost an extra 14 cents;
A 750ml bottle of wine will cost an extra 26 cents;
A 750ml bottle of sparkling wine an extra R1.15 cents;