https://www.engineeringnews.co.za
Africa|Financial|Health|Paper
Africa|Financial|Health|Paper
africa|financial|health|paper

No increase in sugar tax for now

22nd February 2023

By: Marleny Arnoldi

Deputy Editor Online

     

Font size: - +

Following heavy lobbying from industry bodies the Sugar Association of South Africa and South African Cane Crowers’ Association, government has decided to not increase the Health Promotion Levy (HPL), or sugar tax, in the 2023/24 and 2024/25 financial years.

This will allow the sugar industry more time to advance its diversification efforts, since an above-inflation increase to the HPL, or lowering of the threshold to which it becomes applicable, would result in a significant sugar demand decrease.

In making this decision, government took into account challenges stemming from greater regional competitiveness, and damage incurred from floods in April 2022 and civil unrest in July 2021.

Finance Minister Enoch Godongwana announced during the Budget speech on February 22 that government would soon publish a discussion paper on the levy for consultation on proposals to extend the levy to pure fruit juices and lower the 4 g threshold.

Edited by Chanel de Bruyn
Creamer Media Senior Deputy Editor Online

Comments

Showroom

Actom image
Actom

Your one-stop global energy-solution partner

VISIT SHOWROOM 
VEGA Controls SA (Pty) Ltd
VEGA Controls SA (Pty) Ltd

For over 60 years, VEGA has provided industry-leading products for the measurement of level, density, weight and pressure. As the inventor of the...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Photo of Martin Creamer
On-The-Air (07/06/2024)
7th June 2024 By: Martin Creamer

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.297 0.347s - 138pq - 2rq
Subscribe Now