Sugar tax chokes Hippo Valley

HIPPO Valley Estates (Hippo Valley) says the surcharge on sugar content in beverages has drastically reduced group sales volumes as manufacturers are reformulating products to cut costs.The sugar tax which came into effect last year is calculated as US$0,001 per gram for ready to drink beverages and US$0,0005 per gram for cordials.As a result, beverage…

Subscribe to read full article. Subscribe today

Related posts

ZB deposits surge 52 pct

Stanbic Bank donates 8 incubators to Parirenyatwa Group of Hospitals (PGH)

Stanbic boosts spending on local suppliers

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Read More