Budget Speech: Beer, Wine and Cigarette Prices To Go Up – Mboweni

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;
• A bottle of 750 ml spirits, including whisky, gin or vodka, will increase by R5.50;
• A packet of 20 cigarettes will be an extra R1.39;
• 25 grams of piped tobacco will cost an extra 47 cents;
• And a 23 gram cigar will be R7.71 more expensive.

“It