(Delwyn Verasamy/M&G)
South Africa’s struggling sugar sector is pleading with the government to hold off increasing a health promotion tax on the industry until 2030, when a master plan vital to its recovery and long-term sustainability will be finalised.
The industry has long argued that the sugar tax introduced in 2018 has hurt companies and cost jobs and, in his February 2023 budget, Finance Minister Enoch Godongwana agreed to pause on increasing it, acknowledging the problems…
