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Cotton farming becomes viable diversification option for SA canegrowers

Cotton farming becomes viable diversification option for SA canegrowers
bizcommunity.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bizcommunity.com Daily Mail and Mail on Sunday newspapers.

South africaSugarcane value chain masterplan task teamSa canegrowers association

Sugar tax: Report shows it s a disaster for SA s economy

Sugar tax: Report shows it s a disaster for SA s economy
zululandobserver.co.za - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from zululandobserver.co.za Daily Mail and Mail on Sunday newspapers.

Labour councilNational economicHealth promotion levyEconomic impact of the health promotion levyEconomic impactSugar market industryPortfolio committeeSugar industryGross value addedDomestic productSugarcane value chain masterplan task teamProduct taxSugarcane value chain masterplanLocal newsCovid 19Val van der walt

Study finds sugar tax is costing a lot more than a few less calories

A quiet storm is brewing on the sustainability of the Health Levy, which encompasses the Sugar Tax, and the survival of the sugar industry following a report that indicates more might be lost by the sugar industry than is gained by the government shoring-up healthy living.

South africaSouth africanKaren hofmanRex telmangeSa cane growers associationWits universityWits centre for health economicsHealth levyA national economic developmentLabour council nedlacSugar taxNational economic developmentLabour councilGrowers associationCane growersSugarcane value chain masterplan task team

SA s sugar tax leads to catastrophic losses in the industry

South Africa’s sugar tax resulted in the catastrophic loss of more 16 621 jobs in 2019 South Africa s sugar tax led to the loss of thousands of jobs and hundreds of millions of rands in investment within a year, according to a report commissioned by the National Economic Development and Labour Council. The report, titled The Economic Impact of the Health Promotion Levy, found that by 2019, the tax, which was introduced in 2018, resulted in the loss of 16 621 jobs and R653 million in investment. The report further found that the tax resulted in a R1.19 billion decline in the industry’s contribution to the economy, through its Sugar Industry’s Gross Value Added Contribution.

South africaRex talmageLabour councilSa canegrowers associationNational economic developmentEconomic impact of the health promotion levyEconomic impactHealth promotion levySugar industryGross value addedSugarcane value chain masterSugarcane value chain masterplan task teamProduct taxரெக்ஸ் தழ்மாகேதொழிலாளர் சபைதேசிய பொருளாதார வளர்ச்சி