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Moneyweb reports that a applicant for a quality controller job at Coca-Cola Peninsula Beverages, which had been advertised online in July, received an unusual response from the prospective employer.
He was told two months later that all vacancies at the company had been cancelled due to the pending tax on sugar-sweetened beverages. “Once we have clarity on the way forward, we will reassess our vacant positions and approved positions will then be recruited for,” the company said in response to the application. This may be a sign of things to come in the beverage industry if the National Treasury forges ahead with a tax on sugar beverages in April 2017, designed to curtail the ballooning obesity rate. Already the Durban-based SoftBev, which is a small to medium bottler for PepsiCo and other brands, put an expansion investment of R100 million on hold last month due to the uncertainty of the proposed tax. The beverage industry has argued that between 60,000 and 70,000 jobs might be on the line across the entire value-chain.
- Read this informative report by Ray Mahlaka in full at Moneyweb
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