South African Governments wine duty increase vital, says Wine South Africa

During the national budget speech in South Africa, Minister of Finance Enoch Gondwana announced an excise duty increase of 3.39% on wine, brandy, and sparkling wine – a feat Wine South Africa has acknowledged as necessary.According to Wine South Africa, maintaining inflationary adjustments “supports predictability, policy certainty and long-term planning across the wine value chain”.It said that the industry has consistently advocated for a CPI-linked framework, as contained in the National Treasury’s excise policy.