Posted in Events on Jun 02, 2018
Event Date: Tuesday, 22 May 2018
The Beverage Association of South Africa recently hosted in partnership with the Department of Water and Sanitation the post Budget Vote Review Lunch. The lunch was hosted following the presentation of the Departmental Budget Vote Review by Honourable Minister Guile Nkwinti and Honourable Deputy Minister Pamela Tshwete.
In the ten months since the Health Promotions Levy (HPL) was introduced, it has put pressure on the local non-alcoholic industry in already difficult operating conditions, as well as raising prices for hard-pressed consumers. The net impact of the levy has been compounded by subdued economic growth in the country and higher input costs of raw materials and ingredients, in particular, sugar. Consequently, this is limited the opportunity for growth and job creation in the sector and has resulted in downward pressure on the full value chain.