Home » Featured » Not so sweet: sugar tax is ‘negatively impacting’ industry

Not so sweet: sugar tax is ‘negatively impacting’ industry

Parliament’s portfolio committee on trade and industry says it will engage with the Minister of Trade and Industry, following concerns raised by the sugar industry about the negative impact of sugar tax on the industry.

Joan Fubbs, the chairperson of Parliament’s portfolio committee on trade and industry, says that sugar tax is an issue.

‘Trade and Industry also looked at tariffs last year and the whole regulatory system, as well as climate. There is not much we can do about drought per se, except to mitigate the impact there. That is being done with the Department of Agriculture and Land and Rural Development.’

To enquire about Cape Business News' digital marketing options please contact

Related articles

Tax and technology – taxpayers need to be prepared

Authored by: Reinert van Rensburg, Attorney and Tax Practitioner at Leap Group. THE South African Revenue Service (SARS) is currently working towards automating the tax...

SARS continues to show its mettle in revenue collection

The South African Revenue Service (SARS) has accepted the increased revenue collection estimate announced by Finance Minister, Enoch Godongwana, on Wednesday. In his 2023 Budget...


Renewable energy component market will be worth R468-billion by 2030 –...

By Larry Claasen SOUTH Africa’s energy crisis, along with the global move to environmental sustainability has the potential to be a big economic drive, says...


Cape Business News
Follow us on Social Media