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 News

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.”

 

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

 /  🏆 32. in UK

United Kingdom United Kingdom Latest News, United Kingdom United Kingdom Headlines

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

Young workers power South Africa's video games industrySouth Africa has a small but thriving video games industry, helped by plenty of young workers.
Source: BBCAfrica - 🏆 23. / 61 Read more »

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.
Source: BusinessTechSA - 🏆 24. / 61 Read more »

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

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'
Source: mailandguardian - 🏆 2. / 92 Read more »

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?
Source: TheSAnews - 🏆 25. / 59 Read more »