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Bad news for beer and spirit drinkers
Bad news for drinkers, especially beer and spirit lovers! So-called “sin taxes” on alcohol are going up by between 6% and 20%, almost enough to drive one to teetotalism.
But this should not really come as a shock to tipplers as Finance Minister Pravin Gordhan has previously warned that tax formulas were under review to bring South Africa more into line with other countries and to assist in the fight against alcohol abuse.
However, Gordhan may have also be taking the advice of Dhiveshan Naicker who offered him the following tip: “Raise the tax on alcohol and cigarettes so that people will stop drinking and smoking too much.” Gordhan said this was good advice.
read more on iol.co.za
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