Carbon Tax postponed till June 2018

During his first Medium-Term Budget Policy Statement South Africa’s new minister of finance, Tito Mboweni announced the postponement of the implementation of the Carbon Tax by six months from the 1st of January till the 1st of June 2019. The postponement will enable government to align the carbon budgeting system as proposed by the Department of Environmental Affairs (DEA) and the carbon tax as proposed by National Treasury (NT) to addressed concerns raised by business. In 2012 the National Development Plan (NDP) defined the carbon tax as the country’s primary GHG mitigation pricing instrument and forms an integral part of the country’s Nationally Determined Contribution to the Paris Agreement.

For more information click here to go to the published speech.