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Home » Innscor seeks sugar tax reform
Companies & Markets

Innscor seeks sugar tax reform

written by Kudzanai Gerede, Companies and Market Editor 0 comments
Innscor Africa chief executive Julian Schonken, centre, with financial director Godfrey Gwainda, left, and chairman Addington Chinake.
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INNSCOR Africa (Innscor) says authorities should extend the sugar tax to imported beverages, arguing that the current framework places local manufacturers at a competitive disadvantage and distorts fair market competition. The group, through its beverage-making unit, Prodairy, has seen its margins adversely impacted by the sugar surcharge introduced in January 2024 amid stiffer competition from…

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