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South Africa’s sugar tax resulted in the catastrophic loss of more 16 621 jobs in 2019
South Africa s sugar tax led to the loss of thousands of jobs and hundreds of millions of rands in investment within a year, according to a report commissioned by the National Economic Development and Labour Council.
The report, titled
The Economic Impact of the Health Promotion Levy, found that by 2019, the tax, which was introduced in 2018, resulted in the loss of 16 621 jobs and R653 million in investment.
The report further found that the tax resulted in a R1.19 billion decline in the industry’s contribution to the economy, through its Sugar Industry’s Gross Value Added Contribution.