To keep pace with inflation and increase access, permanent social grants are increased, finance minister Enoch Godongwana said on Wednesday.
An increase of R100 to the old age, war veterans, disability and care dependency grants. This amount will be divided into R90 effective from April, and R10 effective October; a R50 increase to the foster care grant and a R20 increase to the child support grant.
For alcohol products excise duties, above-inflation increases of between 6.7 and 7.2 per cent for 2024/25 are proposed.
This means:
A can of beer increases by 14 cents;
A can of a cider and alcoholic fruit beverage goes up by 14 cents;
A bottle of wine will cost an extra 28 cents;
A bottle of fortified wine will cost an extra 47 cents;
A bottle of sparkling wine will cost an extra 89 cents;
A bottle of spirits, including whisky, gin or vodka, increases by R5.53.
An increase tobacco excise duties by 4.7 per cent for cigarettes and cigarette tobacco, and by 8.2 per cent for pipe tobacco and cigars.
A R9.51 cents increase for cigars;
A 97 cents increase to a pack of cigarettes; and
An extra 57 cents for a pipe of tobacco.
What you need to know about the budget
Image: GCIS
To keep pace with inflation and increase access, permanent social grants are increased, finance minister Enoch Godongwana said on Wednesday.
An increase of R100 to the old age, war veterans, disability and care dependency grants. This amount will be divided into R90 effective from April, and R10 effective October; a R50 increase to the foster care grant and a R20 increase to the child support grant.
For alcohol products excise duties, above-inflation increases of between 6.7 and 7.2 per cent for 2024/25 are proposed.
This means:
A can of beer increases by 14 cents;
A can of a cider and alcoholic fruit beverage goes up by 14 cents;
A bottle of wine will cost an extra 28 cents;
A bottle of fortified wine will cost an extra 47 cents;
A bottle of sparkling wine will cost an extra 89 cents;
A bottle of spirits, including whisky, gin or vodka, increases by R5.53.
An increase tobacco excise duties by 4.7 per cent for cigarettes and cigarette tobacco, and by 8.2 per cent for pipe tobacco and cigars.
A R9.51 cents increase for cigars;
A 97 cents increase to a pack of cigarettes; and
An extra 57 cents for a pipe of tobacco.
WATCH LIVE | Finance minister Enoch Godongwana delivers 2024 budget speech
mashalek@sowetan.co.za
Sin taxes set to skyrocket
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