A stay on sugar tax increase would be sweet, says industry
Finance minister urged to impose a moratorium on hiking the health promotion levy
16 February 2025 - 07:56
The South African Sugar Association (Sasa) says it’s not holding its breath that finance minister Enoch Godongwana will scrap the sugar tax when he delivers his budget speech on Wednesday, but it has called on him to consider a five-year moratorium on increasing the health promotion levy (HPL).
Briefing journalists in Durban on Friday, Sasa CEO Sifiso Mhlaba said the levy — which the industry estimates costs it R1.2bn a year and threatens 300,000 jobs in the sector — would be likely to remain, as it provided the government with R10bn in revenue in 2023...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.