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Sugar tax to cost 60,000 jobs in South Africa: industry executive
4:03 CAT | 16 Aug 2016
Reuters / Bottles of Coca-Cola are seen on the production line at their bottling plant in Clamart near Paris June 10, 2010.
South Africa could lose 60,000 jobs in the beverage industry due to a proposed tax on sugary drinks, chairman of Coca-Cola Beverages Africa, Phil Gutsche, said on Tuesday.
The National Treasury has proposed a 20 percent tax on sugar sweetened drinks under a plan that delighted health campaigners and angered drink makers. The sector employs about 200,000 people in a country where unemployment is at near record high.
Source: Reuters
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