Ismail Momoniat says SA miners have bigger worries than carbon tax

A senior Treasury official dismissed as a "red herring" the SA mining industry’s concern over a relatively new tax on carbon dioxide emissions, saying the levy was too low to add up to unbearable costs.

The tax, which was enshrined into law in May, faced opposition from big polluters such as miners, steelmakers and Eskom, which had warned it would eat into profits and push up electricity prices...