Guiding consumers since 2009

Proposed taxation of sugar-sweetened beverage tax

By Alina Hardcastle

Treasury have published the proposal for the sugar tax on beverages on its website and are asking members of the public for comment. This follows after Finance Minister, Pravin Gordhan, announced in his budget speech that sugary drinks would be subject to more tax. However, the tax has already been slammed by the beverage industry.  

In April of this year, Mapule Ncanywa, the spokesman for the industry body the Beverage Association of SA (BevSA) told Business Day that industry had no issues complying with new tax laws, but had concerns with regards to “discriminatory tax”. He questioned why the government was specifically targeting sugar-sweetened beverages and not all products that contain sugar, i.e. sugary cereals, chocolates etc.

But when Justmoney approached Xolisa Dodo, communication unit at the National Treasury, earlier this year, she assured, “The proposal does not necessarily mean that other products will not be considered in the future. It’s important to consider what is administratively feasible in the near term.”

For those who have had concerns or questions about this matter, the time to speak is now. The document is available on its website, and written comments can be sent to Mpho Legote (Mpho.Legote@treasury.gov.za) before the close of business, 22 August 2016.

For more information, click here.

To read the proposal, click here.

Recent Articles

Featured Are you entitled to your spouse’s pension after divorce?

Divorce means more than just parting ways with your partner. It may also involve parting ways with your assets. The Divorce Act states that your retirement fund forms part of your assets. This means that it will be considered when dividing up your assets.

Retrenched – what payments are you entitled to?

In the current struggling economic climate, retrenchments are a regular occurrence and not everyone survives the cut. If you find yourself on the receiving end of retrenchment you may have questions about the payments that are due to you.

Do you want to settle your debt?

You may be considering settling your credit account, whether it’s a credit card or various store accounts, now may be as good a time as any. This especially if you have saved, or you received a tax return or salary bonus. 

Can you afford a personal loan?

Taking out new debt is not always a choice. However, if you’re not pressed by a medical emergency or an unforeseen disaster, it’s worthwhile considering whether you can actually afford it. But what does it mean to “be able to afford a personal loan”? What percentage of your income should you not exceed dedicating to it? 

Deals

Eat for less on Tuesdays at Panarotti’s

Price: R59.99
When: Tuesdays
Where: Nationwide

Get discounts with Clicks ClubCard Seniors Programme

Price: Available on request
When: Daily
Where: Nationwide

Amani Spa Voucher Special

Price: R1000
When: Daily
Where: Cape Town, Jhb, and Port Elizabeth