11 Jul Op-Ed: Sin taxes are here to stay
Shrewd businesses should keep up with shifts in consumer priorities, instead of campaigning against junk food taxes.
Shrewd businesses should keep up with shifts in consumer priorities, instead of campaigning against junk food taxes.
The sharp increase in the average selling price of sugary drinks in South Africa is starting to be felt. This is the impact of the national health promotion levy, more commonly referred to as the sugar tax, which was introduced last year, reports BMi Research.
Governments across the globe are pushing ahead with sugar taxes. In this video, New Nutrition Business discusses if they actually work, and how the food and beverage industry is reacting.
Shares in SA's biggest sugar producer, Tongaat Hulett, plunged more than 20% on Friday 22 February after the company warned that full-year earnings would fall as much as 250% because of low global sugar prices, the impact of the sugar tax and...
The SA Treasury has generated more money than it anticipated from its new tax on sugary drinks, despite moves by some manufacturers to reformulate products to reduce their sugar content.
Even but five years ago, it was unthinkable that an ingredient as regular and ubiquitous as sugar would catapult into a massive global controversy. Consumers want less of it, and governments want to tax what’s left – and this is a huge challenge for F&B manufacturers. FOOD-DRINKStuff SA editor, Brenda Neall, explores sugar reduction and Doehler's options with its South African GM, Kieran Quinn.
Government has so weakened its proposed tax on sugary drinks that it might not be enough to encourage consumers to switch to healthier drinks, say health activists.
...SA's Department of Health is giving consideration to a "sugar tax" to encourage South Africans to consume less of the sweet stuff, according to head of non-communicable diseases, Prof Melvyn Freeman.
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