JOHANNESBURG - South Africa’s long-delayed carbon tax has been enshrined in law, the treasury said on Sunday, as one of the continent’s worst polluters transitions to lower emissions in its efforts to meet agreements on global climate change.
The tax was first mooted in 2010 but has been postponed at least three times after mining companies, steelmakers and state-owned power utility Eskom said it would erode profit and push up electricity prices. Allowable tax breaks will reduce the effective rate to between 6 rand and 48 rand per tonne of CO2, National Treasury said in a statement after the tax was signed in to law by President Cyril Ramaphosa.
China USA Russia India..the biggest polluters don't pay carbon tax. All with huge economies.
gj at being the globalists b*tch!!!!! Damn traitors to humanity! SouthAfrica SA 🤦🏼♂️🗣🖕🏼
You are a good man and leader.
That's because they have squeezed every nickle and dime out of the citizens they could. Such a shame , once was a rich country until the socialist got into power
he should be trying to encourage business and development not strangle it.RSA definitely a shithole of a country 💩💩💩
O that’s not going to be a scandalous fraud of a policy.
Taking a break from the genocide of white farmers, is he? Plassmoorde
Carbon tax & carbon tax credits = corruption— just what the Dems thrive on (both parties are guilty). Thx HillaryClinton & algore Varneyco
a clear victory of intelligence over selfish stupidity
There’s no food and crime is rampant but sure go ahead why the fuck not
RIP South Africa.
cannot feed his people, but signing garbage like this!
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