Budget 2021

Some relief for wine, brandy industries amid challenges

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Rico Basson, executive director of VinPro. (Picture supplied).
Rico Basson, executive director of VinPro. (Picture supplied).

Cape Town - Although the above-inflation hikes in excise duties in the 2016 Budget may add to what is anticipated to be a challenging year ahead, the South African wine and brandy industry welcomed specific concessions on brandy and sparkling wine.

Excise hikes of 8% on both natural wine and sparkling wine and 8.2% on spirits were announced by Finance Minister Pravin Gordhan.

The introduction of a differential excise tariff for potstill and vintage brandy of 10% lower than other spirits products could, however, provide a boost to a category which has seen a decline in sales over the past few years, according to Rico Basson, managing director of VinPro, the industry body for close to 3 500 SA wine producers and cellars.

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