TAXING TIMES:

22nd March 2013 By: Darlene Creamer

TAXING TIMES:

South Africa’s economy remains energy and carbon intensive. If fact, cheap electricity was, until recently, the country’s main industrial incentive. The power price is rising fast and the South African government has also made some material carbon reduction commitments, which it is backing up with a plan to introduce a carbon tax from January 1, 2015. Some sections of business are concerned, however, that such a tax could further undermine the country’s competitiveness.