Sugar The proposed tax on sugary drinks is likely to be introduced in April 2018, Treasury deputy director general Ismail Momoniat announced in parliament. However, there is still disagreement on the exact level of tax, with businesses wanting a revised tax every three years, while Treasury wants to implement its current proposal of approximately 10% on a soft drink can, and increase this over time, reports BusinessDay. The tax was first propositioned in former finance minister Pravin Gordhan’s 2016 budget speech, with government proposing that these drinks be taxed at a rate of 2.29 cents per gram of sugar, with the idea
that drinks with large amounts of added sugar will be taxed more. Drinks which contain natural sugars – like unsweetened milk and 100% fruit juice – would not be taxed, while sugar-sweetened drinks where the sugar content is not disclosed on the packaging would be taxed at a fixed sugar level of 50 grams per 330 ml. The proposal was later reportedly changed to look at both intrinsic and added sugars when calculating the tax. Treasury had also proposed a new threshold that would make the first 4g of sugar per 100ml beverage exempt from the sugar tax.
Fears of job losses Momoniat said the problems facing the sugar industry pre-existed the introduction of the health promotion levy, with ANC MP Derek Hanekom adding that the levy proposal might act as a welcome catalyst to tackle these problems. However, businesses and unions say that they are still concerned about the effect of the new tax on jobs in the sector. “This has been one of the most extensive public consultations on a bill,” said Cosatu’s Matthew Parks. “We don’t want to collapse government’s health. Not a single Cosatu member does not have a family with diabetes, cancer and
so on. But we are talking of unemployment of 36% to 38%. We are concerned with job losses.”
ELCO STEEL DEALERS TEL: 011 362-1551/2 FAKS: 011 815-3427 Cnr. Ermelo & Dagbreek Rds, Largo, SPRINGS Prices valid while stocks last / incl vat / E&OE INVERTER WELDER 200 Amp R1516.20 F/BAR 6MT
ANGLES 6MT
20X3 20X5 25X3 25X5 30X3 30X5 40X5 40X3 50X3 50X5
25X25X2 R 71.64 25X25X3 R 86.58 25X25X5 R 142.20 30X30X3 R 116.88 30X30X5 R 187.32 40X40X2 R 110.22 40X40X2.5 R184.14 40X40X3 R 156.54 40X40X5 R 219.36 50X50X4 R 293.10 50X50X5 R 307.62 60X60X6 R 441.18
R 41.94 R 56.88 R 50.88 R 71.04 R 61.02 R 86.52 R103.50 R 87.18 R101.76 R144.78
SQBAR 6MT 8MM 10MM 12MM
R67.32 R61.56 R79.92
R/BAR 6MT 6MM 8MM 10MM 12MM 16MM 20MM
R 18.24 R 31.38 R 44.28 R 66.96 R127.62 R216.30
WIND/SECT RT6 RT13 RF7 RFX7 RF4B
R 79.92 R 96.90 R 89.88 R 99.90 R267.30
EXP/METAL 6320C R205.20 6320D R245.84 WHEEL KIT SETS 60MM R125.69 80MM R159.60
SHEETS/PLATES EA 2450X1225X1.6 2450X1225X2 2450X1225X2.5 2450x1225x3 2450x1225x4 2500x1200x5 2500x1200x6
R550.62 R638.34 R818.85 R991.80 R1345.00 R1675.00 R2050.01
PALISADES PALISADE PANELS 600mm High R375.31 900mm High R463.11 1.0mt High R492.37 1.2mt High R550.89 1.5mt High R638.70 1.8mt High R726.49 2.0mt High R785.02 2.4mt High R902.07 LOOSE PANELS 600mm R15.07 900mm R20.57 1.0mt R22.39 1.2mt R26.87 1.5mt R33.60 1.8mt R40.31 2.0mt R44.79 2.4mt R53.75
CHANNEL 76X38(6.70kg/mt) R 572.16 100X50(10.73kg/m)R970.20 152X76 R2018.34 178X54 R1734.42
RECT. TUBE 1.6MM 25X12 38X20 38X25 50X25 50X38 76X25 76X38 76X50 100X50
R110.28 R116.88 R141.66 R170.34 R198.24 R196.02 R238.62 R289.68 R312.36
SQ. TUBE
2.0MM R130.08 R158.76 R143.28 R199.92 R244.62 R289.32 R326.76 R360.12 R439.86
1.6MM R2.0MM
20X20 25X25 32X32 38X38 50X50 76X76 100X100
R 84.46 R 93.48 R137.22 R165.54 R214.86 R321.84
PIPE
1.6MM
19MM 25MM 32MM 38MM 42MM 50MM 76MM 100MM
R 63.84 R 85.80 R110.10 R131.20 R148.86 R186.30 R270.12
LIP CHANNEL 6MT 75X50X20X2 100X50X20X2 125X50X20X2 150X50X20X2 175X50X20X2 200X50X20X2
R274.50 R307.62 R334.08 R386.16 R441.18 R474.06
R 99.12 R143.22 R177.24 R184.32 R292.14 R396.90 R572.16
2.0MM R 88.98 R109.14 R142.20 R175.32 R208.32 R231.54 R351.72 R517.08
9.1MT R417.83 R461.91 R515.58 R588.58 R661.46 R731.21
Welding Rods DURA CONDO ACDC R3799 2yr warranty, 2x remotes, 4mt rack 5kg 2.5mm & anti theft bracket battery R115.43
ROOF SHEETING I.B.R 0.4MM CQ R62.62 I.B.R/CORR. 0.5MM R73.48 I.B.R/CORR.0.6MMR100.01 CORR 0.3MM FH R46.44
GALV SHEETS 2450X1225X0.5 2450X1225X0.6 2450X1225X10 2450X1225X2.0 2450X1225X3.0
R225.72 R292.16 R489.90 R848.92 R1701.15
A grade prices include vat subject to availability E&OE