Open letter to South Africa’s students‚ universities and government‚ represented by Minister in the .
Finance Minister Trevor Manuel is expected to announce the usual sin tax increases on alcohol and tobacco when he makes his budget speech today.
Economists said they wouldn't be surprised to hear Manuel announce an increase in taxes on these products.
"Sin taxes have been raised every year, so I expect that sin taxes will be increased again," said one local economist.
Another economist agreed that sin taxes on tobacco and alcohol would probably go up, which are a useful and predictable source of revenue for the fiscus. He added that the fuel levy will also go up.
One economist said South Africans already know that in revenue terms, given the slowdown they expect in the economy, they are likely to see a bit of a squeeze. - I-Net Bridge