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Sugar tax could cause over 70 000 job losses - report

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Johannesburg – The proposed 20% tax on sugar sweetened beverages (SSBs) could possibly generate only R4.4bn of the R7.5bn that was estimated, research by Oxford Economics revealed.

The independent consultancy released a research report entitled The Economic Impact of Taxation of Sugar Sweetened Beverages in South Africa commissioned by the Beverage Association of South Africa (BevSA) on Thursday. It highlights that the soft drink industry’s contribution to GDP could reduce by R14.6bn. This translates into 60 600 to 70 700 job losses in the industry.

READ: Sugar tax could slash slash GDP by R14bn - BevSA

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