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Browsing: Levy on Sugar Content of Beverages in South Africa
- Zimbabwe’s Minister of Finance, Economic Development, and Investment Promotion has unveiled a significant policy shift regarding the levy on sugar content in beverages.
- This measure is scheduled to take effect from January 1, 2024, to discourage the consumption of high-sugar beverages.
- While introducing the sugar content levy is presented as a measure to address health concerns, its impact on consumers, beverage industries, and the healthcare sector remains uncertain.
The 2024 National Budget Speech, presented to the Parliament of Zimbabwe by Prof. Mthuli Ncube, Zimbabwe’s Minister of Finance, Economic Development, and Investment Promotion, has unveiled a significant policy shift regarding the taxation of sugar content in beverages.
Citing global concerns about the health implications of high sugar consumption, especially in beverages, Minister Ncube acknowledged the worldwide trend of implementing sugar taxes, including in the Southern African Development Community (SADC) region. The proposed policy change is driven by the adverse health effects …