SA asked to abandon carbon tax plan

Author: Mark Allix (BDlive) The Steel and Engineering Industries Federation of Southern Africa (Seifsa) has called on the South African government to follow Australia’s example by abandoning the proposed introduction of carbon taxes. It said this was “in the interest of our ailing economy”. “The South African economy has been under siege in recent years, with fairly negligible growth at a time when higher levels of growth are needed in order to create much-needed jobs,” Seifsa CEO Kaizer Nyatsumba said on Thursday.

2014/15 Budget could provide clarity on carbon tax – Deloitte

Author: Leandi Kolver Clarity on the design of South Africa’s carbon tax policy could be a feature of the 2014/15 National Budget to be presented by Finance Minister Pravin Gordhan in February, professional services firm Deloitte said at its pre-Budget event on Wednesday. “If announced, the new look carbon tax policy will probably present improved linkage between the proposed carbon tax pricing mechanism and the desired emission reduction outcomes (DEROs) proposed in the National Climate Change Response Policy,” Deloitte director Izak Swart said. Deloitte manager Barry Drotsche explained that the DEROs, as mentioned in the National Climate Change Response Policy, considered sectors that played a vital role in the

Carbon Tax – Preparing for the tax

The carbon tax to be introduced on 1 January 2015 is the biggest change to the South African tax landscape since the introduction of capital gains tax in 2001. Households and businesses will all be affected to some extent. The time from now until January 2015 is when businesses have to come to terms with, and devise a strategy for, the impact that a carbon tax may have on their operations.

Carbon Tax – Key design features

On 27 February 2013 the Minister of Finance announced that a carbon tax will be introduced with effect from 1 January 2015. He also announced that a carbon tax policy paper would be published that will contain the details for the carbon tax. That policy paper was published on 2 May 2013. This article contains the key design features of the carbon tax as set out in the policy paper.

Managing carbon pass through: 10 tips to prepare for South Africa's carbon tax

South Africa’s National Treasury released its Carbon Tax Policy Paper in May 2013.  Submissions on the Paper closed in August 2013 and the South African Government is expected to now draft legislation to implement the Carbon Tax from 1 January 2015.

Carbon tax could hit economy – Sacci

‘Measures should be revenue neutral’ The proposed introduction of carbon tax could have a severe impact on the economy and job creation in South Africa, Sacci said on Monday. “[We are] supportive of measures to reduce carbon emissions in principle, so long as those measures remain tax neutral,” SA Chamber of Commerce and Industry (Sacci) CEO Neren Rau said in a statement.

Carbon tax has an ozone hole in it

Some really curious things have been happening recently on the climate change front. By and large, a strange silence has descended. Perhaps it’s just that the media is fed up with it. But that belies what is actually taking place. The first thing is that carbon dioxide levels are continuing to rise. Far from wringing your hand

The Design of the Carbon Tax

On 27 February 2013 the Minister of Finance announced that a carbon tax will be introduced with effect from 1 January 2015. He also announced that a carbon tax policy paper would be published that will contain the details for the carbon tax. That policy paper was published on 2 May 2013. This article contains the key design features of the carbon tax as set out in the policy paper.

Carbon tax to earn R8-billion a year

The treasury will earn at least R8-billion from a R120 per tonne tax on carbon emissions from industry. But most companies will get a 60% discount. The treasury will earn at least R8-billion from a R120 per tonne tax on carbon emissions from industry. (Reuters) South Africa committed in 2009 to reduce its carbon emissions by 34% by 2020. Every government department was then told to do its part, and treasury chose a carbon tax. In this year’s Budget speech, Pravin Gordhan said the tax would start on January 1 2015. 

Update on carbon tax in South Africa

In south Africa, the National Treasury today (May 2, 2013) publishes the Carbon Tax Policy Paper, Reducing greenhouse gas emissions and facilitating the transition to a green economy for public comment. This step is considered to be a critical before the South African’s government be able to have a go ahead with the publication of draft legislation giving effect to carbon taxes for first January 2015.