News Formal

If sugar tax is not canned, industry could collapse

  • 📰 BDliveSA
  • ⏱ Reading Time:
  • 20 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 11%
  • Publisher: 63%

Business News News

SA Canegrowers has pleaded with finance minister Enoch Godongwana to help save the sugar industry and 1-million livelihoods

SA Canegrowers has warned that if the government does not eliminate the sugar tax, the industry will face collapse.

The organisation raised this in a written submission to finance minister Enoch Godongwana, calling on him to not only suspend the increase in the sugar tax, but to eliminate it entirely in light of the crisis in which the local sugar industry finds itself, and the fact that to date, there is no evidence the tax has had a positive effect on obesity levels in the country. ..

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

just wait.. the carbon tax is coming soon.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Sugar industry calls for scrapping of sugar tax, againSugar industry body, sa_canegrowers is calling on National Treasury to not only suspend an increase in the sugar tax, but to scrap it entirely to protect the already struggling industry. Moneyweb Matshoba_A
Source: Moneyweb - 🏆 5. / 77 Read more »

Sugar industry calls for scrapping of sugar tax, againSugar industry body, sa_canegrowers is calling on National Treasury to not only suspend an increase in the sugar tax, but to scrap it entirely to protect the already struggling industry. Moneyweb Matshoba_A
Source: Moneyweb - 🏆 5. / 77 Read more »