The Finance Minister’s budget speech gave little detail of the carbon tax, although Pravin Gordhan did say it will be implemented in the next financial year, i.e. 2013/14. The outlines are sketchy, but it seems the tax will not be as high as it sounds due to exemptions, and rise only slowly in the next seven years. Some more detailed design elements are in the Budget Review, Surprisingly this comes ahead of a more detailed tax design document which… Read moreCarbon tax – a slow start and then?
In December 2010 the National Treasury of South Africa released a Discussion Paper on “The Carbon Tax Option” for public comment. In February 2011 the ERC submitted its comments.