Budget 2014: You’ll pay more for your sins

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iol budget 2012 cigarette AP A packet of 20 cigarettes will now cost you 68 cents more.

Cape Town - South Africans will have to reach deeper into their pockets to pay for alcohol, cigarettes and fuel.

Finance Minister Pravin Gordhan stuck with tradition in his annual budget and again raised sin taxes.

A packet of 20 cigarettes will now cost you 68 cents more.

Whisky drinkers will pay R4.80 cents more for a bottle of the beverage, while the price of a 340ml can of beer goes up nine cents.

However, the duty rate on traditional African beer remains unchanged.

These tax increases take effect immediately.

The fuel levy is set to increase by a total of 20 cents a litre from April 2.

This includes the eight cents a litre which will go towards the Road Accident Fund. - Sapa


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