Small job losses if sugar content cut – Treasury


If the beverage industry reduces the sugar content of 37% of its products, the proposed sugary drinks tax could result in around 1,475 job losses.  Treasury official Warren Harris reported this to parliament yesterday while giving Treasury’s response to the many submissions made on the tax. The beverage industry has warned of tens of thousands of job losses should the tax be introduced. Treasury has proposed a 2,1 cent tax per gram of sugar on all sweetened drinks, but the first 4g per 100ml will be exempted as an incentive for producers to reformulate their drinks with less sugar. It plans for the tax – which it calls a health promotion levy – to come into effect as soon as the Rates Bill becomes law, Treasury Chief Director Mpho Legote said….more


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