The companies responsible for the bulk of SA’s greenhouse gas emissions have, in effect, been given another three-year grace period to reduce their consumption of carbon-intensive energy resources and to bring in new technologies that can help reduce their overall emissions.

SA introduced the first phase of the carbon tax in June 2019 as part of government’s broader climate change mitigation policy. This first phase, which makes provisions for companies to receive 60% — 95% tax allowances such as rebates or exemptions, was scheduled to end this year, but Treasury has now announced that it will be extended by three more years up to the end of 2025...

Subscribe now to unlock this article.

Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).

There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.

Cancel anytime.

Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.

Speech Bubbles

Please read our Comment Policy before commenting.