Innscor seeks sugar tax reform

Innscor Africa chief executive Julian Schonken, centre, with financial director Godfrey Gwainda, left, and chairman Addington Chinake.

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.Advertisements 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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