Sugar tax a bitter pill for drinks industry
Levy earns fiscus R3.4bn in first year but bottlers are adapting
23 June 2019 - 00:05
Though it plugs holes in the annual budget, the tax on sugary drinks has been hurting producers already battle-bruised by low international prices and changing consumption patterns.
Introduced last year, the health promotion levy (or HPL, as the tax is known) netted the fiscus more than expected, bringing in R3.4bn in its first year and expected to net another R2.2bn this year, the National Treasury said...
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