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Sugar tax will reduce GDP by R14bn

The Beverages Association of South Africa (BevSA) warned today that the proposed discriminatory tax on sugar sweetened beverages (SSBs) has the potential to reduce the industry’s contribution to South Africa’s Gross Domestic Product (GDP) by R14bn. This is the equivalent of 0,4% points of GDP growth in 2016.  The Association announced the release of its formal response to National Treasury’s policy paper on this topic.

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Weak rand; drought sends SA food prices rising

The drought and rapid depreciation of the rand have led to a rise in food prices, hitting poorest South Africans hard.
Alan Winde, Minister of Economic Opportunities, today (12 August 2016) delivered the opening address at the launch of the latest annual baseline produced by the Bureau for Food and Agricultural Policy (BFAP).
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