RV Price Avg. price per ton: R4 220.58  D'Factor: 0.401142 final price 2019/20

Ditch sugar tax farming bodies plead

Ditch sugar tax farming bodies plead

BY: Colleen Dardagan 17 Feb 2020 Filed in: Sugar Industry News

Business Day October 29, 2019

What the Treasury calls a health-promotion levy has been set at 2.1c for every gram of sugar per 100ml above a 4g threshold: the first 4g of sugar per 100ml are thus exempt from the levy.

The Treasury said it has collected R3.4bn in the first year that the tax was implemented and expects to net R2.2bn more in 2019.  

While the tax has been broadly welcomed by health experts and advocacy groups as a first step in the right direction, it has left many producers reeling, a situation worsened by low international prices and changing consumption patterns.

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