Sugar tax will cost South Africa economy R14 billion – and push the country into rece

[BusinessTech]

Sugar tax will cost South Africa economy R14 billion – and push the country into recession

The Beverages Association of South Africa has warned that the proposed sugar tax on sweetened beverages will cost the local economy R14 billion, and could push the country into recession.

 

[LazyLion]

Everybody's assuming that people are going to stop buying these drinks... I don't think it's going to make one little bit of difference to people's buying habits.

 

[Arzy]

Everybody's assuming that people are going to stop buying these drinks... I don't think it's going to make one little bit of difference to people's buying habits.

Feeling very much the same, if the annual increases in sin taxes aren't stopping people this isn't going to do much different