South Africa’s alcohol prices to rise
South Africa | In an unprecedented move, the 2025 National Budget was cancelled minutes after it was supposed to be tabled in early February. Notice of the cancellation came after the members of the Government of National Unity (GNU), a coalition, could not agree on the proposed tax changes, particularly the increase in value-added tax (VAT) from 15 percent to 17 percent. Leaked documents showed that the government had plans to hike the excise duty on alcohol and tobacco by 6.83 percent, and above inflation.
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