'There is an opportunity to turn the business around and we will give it our best shot," says Tongaat's chairperson Louis von Zeuner.
Sugary drinks may not be the biggest culprit in obesity - research suggests that a tax on sugary snacks may be even better.
Corporates must prepare to feel the pinch from various quarters as governments face mounting pressure to collect tax revenue, says an expert at Schroders.
SA is Africa's most obese country and is among the world's top consumers of Coke. We really need the sugar tax to bring down healthcare costs, says Sifiso Skenjana.
In recent days, there have been calls for Finance Minister Tito Mboweni to scrap the tax on sugary drinks — but to no avail for industry players. Coupled with this, the budget has been marginally increased.
The tax on sugary drinks amounts to 2.1 cents per gram of sugar. It represents an 11% increase on a can of Coca-Cola.
While a new WHO Independent High-Level Commission report calls for tobacco and alcohol taxes, it fails to do the same for sugary drinks.
In an informal survey by Fin24, more consumers share issues they want to raise about the VAT increase and the current 19 VAT-free items.
South Africans will be paying more for sugary drinks from April 1 this year, with the new tax expected to contribute R1.9bn in additional revenue.
From 2 April 2018, South Africans will be paying approximately 10% of a can of Coca Cola in 'sugar tax'.
A new Canadian study found that greater electronic device use, particularly TV, is linked to more consumption of added sugar and caffeine among adolescents.
A recent study showed the economic impact of obesity in South Africa is $48.8 bn per year, with non-communicable diseases on the rise, says Kasumi Iwase.
Obesity is multi-faceted and the sugar tax is a blunt instrument that will cripple an industry already battling the consequences of a prolonged drought, plunging sugar prices and weak protection against cheap imports, says Graeme Stainbank.
A study shows that soda tax can influence what people buy and be effective in slashing sales, encouraging healthier drinking habits in many.
After a complaint about misleading advertising, we compared Fruitree's old and new-style juices. And while both are mostly water, there's a great deal of difference between the sugar and non-sugar versions.
There was, legitimately, a great deal of fuss made in the past week about the fifth increase so far this year in overall fuel prices.
And for other parts of 2017, import duties were up to 30% lower than they should have been, says Tongaat Hulett.
Many consumers understand that South Africa's high burden of disease is caused by excessive sugar consumption.
The controversy over tax on sugary drinks whirls around The Beverage Association of SA (BevSA) and, therefore, its executive director, Mapule Ncanywa.
South Africa is on the right path to reverse the alarming numbers of diabetes cases and other NCDs associated with obesity.
Cape WinelandsO'Dwyer Personnel
Atlantic SeaboardShimansky Jewellers
DurbanvilleZaPOP Media (Pty) LtdR1 000.00 Per Month
R 2 260 000
R 5 500 000
R 2 395 000
We subscribe to the Press Code.
You choose what you want
News24 on Android
Get the latest from News24 on your Android device.
Terms and Conditions
24.com Terms and Conditions - Updated April 2012
Creating your profile will enable you to submit photos and stories to get published on News24.
This username must be unique, cannot be edited and will be used in the URL to your profile page across the entire 24.com network.