14.8 C
Cape Town
Monday, May 26, 2025

SA Canegrowers Association welcomes postponement of increase of Sugar Tax

Published on

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.

Audio Player

Funke says increases in input costs have already heaped a lot of pressure on farmers.

Audio Player

Read more here.

Related articles:

Latest articles

South Africa braces for more winter cold fronts – how drivers should prepare for safer travel

    South Africa’s first major cold front of winter hit on Wednesday, with temperatures expected to remain around 20°C and below until next Thursday. As...

Cape Town Budget Vote Delayed After Public Outcry — GOOD and BOSA Hail Democratic Win

    The GOOD party has called the delay of the City's of Cape Town's Budget Vote a major democratic win for residents. After mounting public...

New draft ICT policy may pave way for Musk’s Starlink in SA

  The Minister of Communications and Digital Technologies, Solly Malatsi, has announced a new policy direction designed to attract investment in South Africa’s ICT sector...