Big energy users oppose SA’s proposed carbon tax law

JOHANNESBURG – Big energy users including Sibanye-Stillwater and ArcelorMittal’s local unit on Wednesday opposed plans by South Africa to enact long-delayed carbon tax laws in 2019, arguing the levies are unaffordable and should be scrapped or delayed.
The carbon tax has already been postponed at least three times since first being mooted in 2010, after mining companies, steel firms and state-owned power utility Eskom said it would erode profits and push up electricity prices.
Former finance minister Malusi Gigaba said last month that Africa’s most industrialised economy would implement the carbon tax from January next year – part of a raft …read more