More than 16,000 jobs lost as sugar tax strangles industry
SA Canegrowers chair Higgins Mdluli says next increase — due next year — risks causing more damage
05 June 2024 - 18:25
The profitability of the sugar industry is dangling by a thread with more than 16,000 jobs lost in the past seven years as the sector grapples with the long-term implications of the sugar tax.
The tax was introduced in 2018 by the government to curb obesity and the associated risk of diabetes, heart disease and cancer. The tax has reportedly slashed the beverage sector’s use of sugar by a third...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.