The SA Canegrowers Association has welcomed the announcement that the increase of the Sugar Tax will be postponed by one year.
The association says the move will help save thousands of jobs in the sector.
The Health Promotion Levy would only be adjusted upwards in April of next year.
CEO of the Canegrowers Association, Thomas Funke says the levy’s increase, from R2.21 to R2.31 per gram of sugar, was announced by Treasury in February and was set to come into effect yesterday.
Funke says increases in input costs have already heaped a lot of pressure on farmers.
Read more here.
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We welcome the announcement by Minister Enoch Godongwana of a 12-month delay in the implementation of the planned increase of the Health Promotion Levy.
— SA Canegrowers (@sa_canegrowers) April 4, 2022
It is estimated that for every ton of imported sugar that flows into SA, the SA sugar industry loses R4 000. #BuyLocal & support the livelihoods that depend on the local sugar industry!
Read more about our #HomeSweetHome campaign here: https://t.co/pZwr4aQXl6 pic.twitter.com/z4TjQZv7gY
— SA Canegrowers (@sa_canegrowers) March 24, 2022