Coca-Cola chairman issues warning
JOHANNESBURG (Reuters) - South Africa could lose 60,000 jobs in the beverage industry due to a proposed tax on sugary drinks, chairman of Coca-Cola Beverages Africa, Phil Gutsche, said on Tuesday.
The National Treasury has proposed a 20 per cent tax on sugar sweetened drinks under a plan that delighted health campaigners and angered drink makers. The sector employs about 200,000 people in a country where unemployment is at near record high.
