The Weekend View

increase tax on sugar


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Several companies in the sweetened beverages industry are concerned that the proposed tax on sweetened beverages will lead to job losses. The National Treasury published a policy paper last month proposing a 20 percent tax on sugar-sweetened beverages (SSB) to take effect in April 2017. Companies such as Coca Cola, Twizza and Refreshhh held a press briefing in Port Elizabeth where they highlighted the impact this proposed tax will have. We spoke to FAWU General Secretary, Katishi Masemula and Paul Makube, Senior Agricultural Economist at FNB
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