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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.
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.
Cane growers welcome biofuel study Updated
Steve Bhengu
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KwaZulu-Natal s sugarcane growers have welcomed the findings of a study into biofuel for the aviation industry.
Helene Valenzuela / AFP
The research focused on the production of ethanol and how it can be used as sustainable aviation fuel.
It was carried out by the SA Canegrowers Association and the Roundtable on Sustainable Biomaterials.
The study found there is potential for cane growers to divert half of the of 19 million tonnes of cane produced each year towards ethanol production.
The Association s Rex Talmage says not only will this be a great business opportunity for sugarcane farmers - it s the right move for our planet.