View ahead: The sugar industry in South Africa will need to come up with creative alternative uses, such as electricity generation, for its product in order to sustain itself. The key challenge is a low sugar price, caused primarily by a high level of global sugar production. The industry says this has led to cheap imports and it has called for greater tariff protections in order to survive.
To add to its woes, the health promotion levy on sugar-sweetened beverages has negatively affected business, the industry claims.The sugar price has fallen by 65% from a high of 34 United States cents a pound in 2010 to just 12c a pound in March this year, according to data firm Macrotrends, because of an increased supply by the world’s leading producers, such as Brazil, India and Australia.
One local sugar giant, Tongaat, has seen a shift in its fortunes as its share price plunged by 89.2%, from R169.04 in December 2014 to
Stop importing, buy only local
لقد قمنا بتلخيص هذا الخبر حتى تتمكن من قراءته بسرعة. إذا كنت مهتمًا بالأخبار، يمكنك قراءة النص الكامل هنا. اقرأ أكثر:
الإمارات العربية المتحدة أحدث الأخبار, الإمارات العربية المتحدة عناوين
Similar News:يمكنك أيضًا قراءة قصص إخبارية مشابهة لهذه التي قمنا بجمعها من مصادر إخبارية أخرى.
Load-shedding dooms SA profits | Business | M&GMust check on the ESKOM updates to not loose stock. And them scones are delicious 😋 It’s so sad what is happening to self made small business. This is sad 😞
مصدر: mailandguardian - 🏆 2. / 92 اقرأ أكثر »
Bolt to launch food delivery service in SA | IOL Business ReportAccording to the company, will be one of the first three countries globally to be offered the new service, along with Estonia and Finland
مصدر: IOL - 🏆 46. / 51 اقرأ أكثر »
BUSINESS MAVERICK: Take more savings offshore, money managers urge SA investorsIncreasingly, financial advisers are recommending that SA investors take as much of their discretionary investments out of the country as they can. But is taking 100% of your investment income out of the country sensible, never mind unpatriotic?
مصدر: dailymaverick - 🏆 3. / 84 اقرأ أكثر »
Kganyago: SA banks can hold out against a downgrade | Business | M&GSouth Africa’s banking system is robust enough to withstand a credit ratings downgrade, South African Reserve Bank governor Lesetja Kganyago stressed on Thursday, as the country awaits a pending ratings review from agency Moody’s.
مصدر: mailandguardian - 🏆 2. / 92 اقرأ أكثر »
Economic crisis drives SA to Zimbabwe cargo courier businessVarious cargo shipments are now being transported from Johannesburg to Zimbabwe by 'malayitsha' transporters as Zimbabwe faces a shortage of goods. Bad🤕🔫
مصدر: eNCA - 🏆 49. / 51 اقرأ أكثر »
SA business people confident to explore trade and investment opportunities in GhanaTrade and Industry Minister Rob Davies says the mission is part of South Africa's economic strategy for Africa.
مصدر: TheCitizen_News - 🏆 6. / 75 اقرأ أكثر »