News Formal

Sugar Industry in South Africa Faces Challenges but Sees Resurgence

  • 📰 SABC News Online
  • ⏱ Reading Time:
  • 28 sec. here
  • 7 min. at publisher
  • 📊 Quality Score:
  • News: 31%
  • Publisher: 51%

Business Nouvelles

Sugar Industry,South Africa,Sugar Tax

The South African sugar industry has experienced a significant decline in production over the past 15 years, largely due to the impact of the health promotions levy (sugar tax). However, local sales have stabilized in recent years, and a new master plan aims to diversify the industry and ensure its long-term survival.

The industry that is largely concentrated in the rural areas of KwaZulu-Natal and southern Mpumalanga has experienced a decline in annual sugar production by nearly 25% in the past 15 year.

According to SASA, the Health Promotions Levy dealt a significant blow to the industry particularly because the beverage sector is its largest customer. Association’s Nutrition Manager, Priya Seetal says, “Obviously, we predicted this. This will have a big impact on the sugar industry because at the time and probably still is the case, our biggest customer is the beverage industry and without any mitigating measures, for example enabling product diversification. The industry was going to be heavily impacted by this sugar tax.”

Nous avons résumé cette actualité afin que vous puissiez la lire rapidement. Si l'actualité vous intéresse, vous pouvez lire le texte intégral ici. Lire la suite:

 /  🏆 32. in FR
 

Merci pour votre commentaire. Votre commentaire sera publié après examen.

France Dernières Nouvelles, France Actualités

Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.

Young workers power South Africa's video games industrySouth Africa has a small but thriving video games industry, helped by plenty of young workers.
La source: BBCAfrica - 🏆 23. / 61 Lire la suite »

Barry Callebaut brings together South Africa’s leading chocolate and confectionery brands for industry-defining eventBarry Callebaut hosted South Africa’s leading chocolate and confectionery brands at The Chocolate Academy in Sandton to discover latest trends and opportunities in the Global Confectionery Market.
La source: BusinessTechSA - 🏆 24. / 61 Lire la suite »

'Profound' changes coming to South Africa's payments industryForthcoming regulatory changes will allow fintech companies to act more like banks, according to Lesaka Technologies.
La source: TechCentral - 🏆 8. / 71 Lire la suite »

How South Africa’s BPO industry can keep winning in global markets'By recruiting and training individuals from underprivileged communities, GCO is making an impact where it matters most'
La source: mailandguardian - 🏆 2. / 92 Lire la suite »

The hidden cost of South Africa’s restaurant industrySouth Africa's restaurant industry is facing a crisis of exploitation - underpaid staff, long hours and broken labour laws. What's next?
La source: TheSAnews - 🏆 25. / 59 Lire la suite »