The Budget has once again got it wrong when it comes to taxing tobacco. Considering that the price of a loaf of bread rose by R1 in 2011, an increase in cigarette excise duties of 58 cents per pack is puny. Allowing the price of essential goods like food to increase faster
February 21, 2012
Small increase in tobacco excise taxes expected
Excise tax on cigarettes set to increase by 58c /pack In his budget speech on Wednesday Finance Minister, Mr. Pravin Gordhan, is expected to announce an estimated increase in cigarette excise duty of 58 cents per pack of 20. This modest increase will delight the cigarette manufacturers but do harm to public health