Budget 2023
Share

Cigarette tax soars, luxury cars hit

Cape Town - Smokers will have to cough up 80c more for a packet of cigarettes, Finance Minister Pravin Gordhan announced in his budget on Wednesday.

Drinkers did not escape the inevitable increase in excise duties either, and a can of beer will cost them 6.4c more, a bottle of wine 13.5c and a bottle of spirits R2.86, he said.

Higher so-called sin taxes will also affect those who splurge on flashy cars.

From Wednesday, the ad valorem excise tax on cars that cost more than R900 000 will increase by 5% to 25%.

For more modest vehicles, the rate will remain unchanged.
We live in a world where facts and fiction get blurred
Who we choose to trust can have a profound impact on our lives. Join thousands of devoted South Africans who look to News24 to bring them news they can trust every day. As we celebrate 25 years, become a News24 subscriber as we strive to keep you informed, inspired and empowered.
Join News24 today
heading
description
username
Show Comments ()
Rand - Dollar
19.07
-0.3%
Rand - Pound
23.85
-0.2%
Rand - Euro
20.47
-0.3%
Rand - Aus dollar
12.48
-0.6%
Rand - Yen
0.12
+0.4%
Platinum
931.80
+0.7%
Palladium
993.00
+0.3%
Gold
2,344.71
+0.5%
Silver
27.69
+0.9%
Brent-ruolie
89.01
+1.1%
Top 40
69,154
+1.1%
All Share
75,069
+1.0%
Resource 10
62,766
+1.0%
Industrial 25
103,925
+1.4%
Financial 15
15,882
+0.5%
All JSE data delayed by at least 15 minutes Iress logo
Company Snapshot
Editorial feedback and complaints

Contact the public editor with feedback for our journalists, complaints, queries or suggestions about articles on News24.

LEARN MORE
Government tenders

Find public sector tender opportunities in South Africa here.

Government tenders
This portal provides access to information on all tenders made by all public sector organisations in all spheres of government.
Browse tenders