Budget 2024: Sugar industry cautions that hike in health levy will decimate jobs iol.co.za - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from iol.co.za Daily Mail and Mail on Sunday newspapers.
Sugar industry cautions that hike in health levy will decimate jobs iol.co.za - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from iol.co.za Daily Mail and Mail on Sunday newspapers.
It sounds like it’s going to be a familiar story: health campaigners want a sugar tax, the beverage industry doesn’t. But in South Africa there’s an additional dynamic: a massive sugar-growing industry that’s already facing huge challenges. Acknowledging farmers' concerns, the government has told the industry it has two years to readjust, restructure, and come up with a way forward.
Sugar tax moratorium to help industry focus on diversification iol.co.za - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from iol.co.za Daily Mail and Mail on Sunday newspapers.
An increase above inflation or cuts to the current threshold would see "6 000 jobs – half being permanent, half being seasonal – lost and 3 000 additional small-scale growers would be at risk of losing their livelihoods".