Dependence on Eskom puts SA exports at risk from EU carbon tax

SA’s exports are at risk of having hefty carbon border taxes imposed on them by the EU as a result of Eskom’s heavy reliance on coal, which accounts for about 90% of the electricity it produces.

The EU’s carbon border tax adjustment proposal could entail levies on goods imported from countries with a heavy carbon reliance from 2023, though the scope and quantum of the proposed taxes will become clearer only next month...