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.
By: Reuters.
Reporting: Tiisetso Motsoeneng.
Editing: James Macharia.
Photo: Farming Portal, South Africa.
Review: Emerging Market Formulations & Research Unit, FLAGSHIP RECORDS.
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