Now that Tito Mboweni has raised taxes to give cash-guzzling Eskom another R69bn of our money, who will he pickpocket to flush even more money down the dark, dirty tubes that are SAA, PetroSA, the SABC and Denel? In case you had not noticed, from April 1 you will be paying more tax to help the finance minister raise an additional R15bn revenue for the fiscus. You will be paying a further R1.14 for a pack of 20 cigarettes. If you’re thinking of cutting out the cigarettes in favour of alcohol, be prepared to spend an additional R4.54 on your favourite whisky to fund these state-owned money wasters. You can’t take refuge in wine either. If you think drinkers and smokers are being punished for their sins, then don’t drink any sugary drinks — you will not escape the sugar tax, which has gone up from 2.1c per gram of sugar to 2.21c per gram on drinks with more than 4g per 100ml. If you think you can run, forget it. The 29c per litre increase in fuel levies will put paid to any escape plan...

BL Premium

This article is reserved for our subscribers.

A subscription helps you enjoy the best of our business content every day along with benefits such as exclusive Financial Times articles, ProfileData financial data, and digital access to the Sunday Times and Times Select.

Already subscribed? Simply sign in below.

Questions or problems? Email or call 0860 52 52 00. Got a subscription voucher? Redeem it now