http://www.engineeringnews.co.za
  SEARCH
Login
R/€ = 14.26Change: -0.14
R/$ = 10.61Change: -0.10
Au 1310.89 $/ozChange: 8.37
Pt 1487.50 $/ozChange: -1.00
 
 
Note: Search is limited to the most recent 250 articles. Set date range to access earlier articles.
Where? With... When?








Start
 
End
 
 
And must exclude these words...
Close Main Search
Close Main Login
My Profile News Alerts Newsletters Logout Close Main Profile
 
Agriculture   Automotive   Chemicals   Competition Policy   Construction   Defence   Economy   Electricity   Energy   Environment   ICT   Metals   Mining   Science and Technology   Services   Trade   Transport & Logistics   Water  
What's On Press Office Suppliers Directory Research Jobs Announcements Contact Us
 
 
 
RSS Feed
Article   Comments   Other News   Research   Magazine  
 
 
Sep 10, 2010

Channel carbon-tax revenues to green projects, urges Imperial

Back
Engineering|Africa|Energy|Hyundai|Projects|Africa|South Africa|Energy|Hubert Brody
Engineering|Africa|Projects|Africa||Energy|
engineering|africa-company|energy-company|hyundai|projects|africa|south-africa|energy|hubert-brody
© Reuse this



The income generated from the carbon dioxide (CO2) emissions tax levied on the sale of new passenger cars from September 1 must be channelled to green projects, says Imperial CEO Hubert Brody.

He notes that the income stream from this tax regime should be used for research and development (R&D) into producing vehicles that are more fuel frugal, or into R&D for electric vehicles, for example.

Brody says the funds collected in this way have “to be channelled to be a stimulus” for low-carbon projects.

The new CO2 tax is expected to earn the national fiscus an estimated R450-million in the 2010/11 financial year. Cars will be taxed, based on their certified CO2 emissions, at R75/g/km (R85 when Vat is included) for each gram per kilometer above 120 g/km, adding 2% to 3% to the price tag of a car.

Treasury officials told Engineering News last month that the main aim of the tax is to influence the composition of South Africa’s vehicle fleet, so that it becomes more energy efficient and environment friendly.

Officials say that the revenues collected will be used to fund general govern- ment priorities, including various envi- ronmental aims.

Imperial owns AMH, which imports the Kia, Hyundai, Bentley, Chery, Zotye, Foton and Daihatsu brands into South Africa.

Edited by: Martin Zhuwakinyu
© Reuse this Comment Guidelines
 
 
 
 
 
 
 
 
Other Automotive News
 
Latest News
Updated 11 minutes ago A 1.2 MW solar photovoltaic (PV) plant, positioned on the rooftop of a Cape Town office block, would feed excess electricity into the City of Cape Town’s electrical distribution network. The Black River Park solar project would sell electricity back to the city for...
Updated 26 minutes ago While the Steel and Engineering Industries Federation of Southern Africa (Seifsa) celebrated the end of the month-long engineering and metals industry strike, fellow employer organisation, the National Employers’ Association of South Africa (Neasa), stated that it...
Updated 43 minutes ago Public Enterprises Minister Lynne Brown and Northern Cape Premier Sylvia Lucas have officially opened Transnet’s wagon refurbishment facility. The two officially launched the Transnet Wagons Refurbishing Facility in De Aar on Monday, which will maintain various...
More
 
 
Recent Research Reports
Real Economy Year Book 2014 (PDF Report)
This edition drills down into the performance and outlook for a variety of sectors, including automotive, construction, electricity, transport, steel, water, coal, gold, iron-ore and platinum.
Real Economy Insight: Automotive 2014 (PDF Report)
This four-page brief covers key developments in the automotive industry over the past 12 months, including an overview of South Africa’s automotive market, trade figures, production and the policies influencing the sector.
Real Economy Insight: Construction 2014 (PDF Report)
This five-page brief covers key developments in the construction industry over the past 12 months. It provides an overview of the sector and includes details of employment in the sector, infrastructure and municipal spending, as well as insight into companies’...
Real Economy Insight: Electricity 2014 (PDF Report)
This five-page brief covers key developments in the electricity industry over the past 12 months, including details of State-owned power utility Eskom’s generation activities, funding and tariffs, independent power producers and prospects for the sector.
Real Economy Insight: Road and Rail 2014 (PDF Report)
This six-page brief covers key developments in the road and rail industries over the past 12 months, including details of South Africa’s road and rail network and prospects for both sectors.
Real Economy Insight: Steel 2014 (PDF Report)
This four-page brief covers key developments in the steel industry over the past 12 months. It provides an overview of the global and South African steel and stainless steel markets, South Africa’s major steel producers and events that have shaped these markets.
 
 
 
 
 
This Week's Magazine
Multinational semiconductor chipmaker corporation Intel announced its national campaign to further acquire partners to drive its She Will Connect programme, an initiative that aims to expand digital literacy skills to young women in developing countries, further into...
South Africa's MeerKAT radio telescope array programme should get back on schedule within a few months. This assurance has been given by SKA South Africa (SKA SA) associate director: science and technology Prof Justin Jonas. Early last month, Science and Technology...
The Passenger Rail Agency of South Africa’s (PRASA’s) Metrorail service will remain a subsidised service following its current multibillion-rand rolling stock, station, depot and signalling upgrade programme. PRASA group CEO Lucky Montana has allayed fears that...
GARYN RAPSON Contaminated Land Provisions in the National Environmental Management: Waste Act No 59 of 2008 will open the door for court battles to determine who will be held liable for the remediation
The uncertainties around the remediation of affected areas as addressed in the Contaminated Land Provisions in the National Environmental Management: Waste Act No 59 of 2008 will possibly spark litigation and disputes between landowners and businesses, contractors...
South Africa is currently the largest component of the African Development Bank’s (AfDB’s) active portfolio in Southern Africa, comprising 62.5% of the bank’s $7.9-billion exposure to the 12-country region – the second largest beneficiary is Mauritius, which...
 
 
Unregistered motorists in Gauteng owe the SA National Roads Agency Limited (Sanral) over R1-billion in unpaid e-toll accounts, Transport Minister Dipuo Peters said. As of May 31, the unaudited amount owed for more than 90 days was R156 623 567 while R995 362 885 was...
This four-page brief covers key developments in the automotive industry over the past 12 months, including an overview of South Africa’s automotive market, trade figures, production and the policies influencing the sector.
Responding in writing to a recent Parliamentary question by the Democratic Alliance, Transport Minister Dipuo Peters has provided an update for each of the country’s 13 bus-rapid transport (BRT) systems, noting that each network is at a different stage of...
More
 
 
 
 
 
 
 
 
Alert Close
Embed Code Close
content
Research Reports Close
Research Reports are a product of the
Research Channel Africa. Reports can be bought individually or you can gain full access to all reports as part of a Research Channel Africa subscription.
Find Out More Buy Report
 
 
Close
Engineering News
Completely Re-Engineered
Experience it now. Click here
*website to launch in a few weeks