Related Articles
Top Stories
May 21 2012 09:02
The government was warned in 2010 that collection costs for the controversial e-toll system would be much higher than a petrol levy or tax, a report says.
May 21 2012 17:30
Mark Zuckerberg's fortune dwindled by nearly $2bnto $18.7bn within minutes as trading began again in Facebook shares – which promptly plunged by nearly $5.
May 20 2012 12:10
The state’s intervention team in Limpopo has scrapped a R320m textbook tender controversially awarded to a firm controlled by former government officials.
Cape Town - Smokers will have to fork out 58 cents more for a packet of 20 cigarettes, Finance Minister
Pravin Gordhan announced in his 2012/13 budget on Wednesday.
Drowning one's sorrows in alcohol will also cost more, with a 750ml bottle of spirits set to increase by a hefty R6, a 340ml can of beer by 9c, and a litre of wine by 18c, he said.
Higher so-called sin taxes will also affect the very rich or those who splurge on boats and planes.
From October, the ad valorem excise tax on small aeroplanes and helicopters weighing less than 5 000kg will be 7%, while a 10% tax will apply to long motorboats and sailboats.
Gordhan also offered gamblers a tip, with a proposed national tax on gross gambling revenue from April next year.
This will take the form of a 1% levy "on a uniform provincial gambling tax base". A similar levy may apply to the national lottery.