Cane growers call for sugar tax to be scrapped Updated
Algoa FM News
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The country s sugar industry says a new report on the socio-economic impact of the so-called sugar tax has highlighted the blow it s dealt the industry.
Helene Valenzuela / AFP
The report was commissioned by the National Economic Development and Labour Council (Nedlac) at the request of a parliamentary committee.
The SA Canegrowers Association says it showed that by 2019, the sugar tax had resulted in over 16 000 total job losses in the overall economy - a R653 million rand decline in investment into the economy and a R1.19 billion rand decline in the contribution to GDP.