Growing business support for carbon tax

A majority of companies support the implementation of a carbon tax. National Treasury held a carbon tax stakeholder consultation last Friday 1 November at the Energy Research Council, University of Cape Town. The event was attended by members of government, business,...

Sacci raises carbon tax concerns

The South African Chamber of Commerce and Industry (Sacci) believes the proposed upcoming carbon tax will have a negative effect on South Africa’s economy. In a statement, the CEO of Sacci, Neren Rau, says: “Sacci is concerned with the potential malign economic impact...

Confusion reigns over carbon tax policy

There is still confusion regarding the details and implementation of the new carbon tax, set to become effective in 2015. The Carbon Tax Policy Paper, released last week by National Treasury, has clarified some issues, but a number of pressing questions still remain....

Carbon tax and the 2013 budget

Minister Gordhan announced in this week’s budget speech that South Africa will start paying a carbon tax on 1 January 2015. Robbie Louw, a director of carbon advisory firm Promethium Carbon, comments on the announcement: “With one exception, the announcement holds no...