Carbon tax could cost Amplats millions: CEO

On the sidelines of an industry conference in Johannesburg, Chief Executive Chris Griffith said the carbon tax would cost Amplats around R50-million over the next two years, rising to between R200-million and R300-million from 2021 when a tax on electricity use is included.Griffith said this would pile pressure on an industry already grappling with higher energy and labour costs.

In February, Parliament approved a long-delayed carbon tax bill as part of plans to reduce harmful emissions in Africa’s most industrialised economy.

Source: News Formal (newsformal.com)

South Africa Latest News, South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

South Africa's carbon tax could cost Amplats up to R300m - CEOChris Griffith was speaking at a platinum industry conference in Johannesburg.
Source: ewnupdates - 🏆 30. / 53 Read more »

Get ready for carbon tax, industrial pollutersCosatu welcomed the new tax, saying these were one tool in changing consumer and industrial behaviour.
Source: TheCitizen_News - 🏆 6. / 75 Read more »

Can, and should, Big Oil become Big (renewable) Power?The end of a century of oil demand may be nigh as demand for a lower-carbon world and cleaner energy grows
Source: BDliveSA - 🏆 12. / 63 Read more »

South Africa's carbon tax could cost Amplats up to R300m - CEOChris Griffith was speaking at a platinum industry conference in Johannesburg.
Source: ewnupdates - 🏆 30. / 53 Read more »

Get ready for carbon tax, industrial pollutersCosatu welcomed the new tax, saying these were one tool in changing consumer and industrial behaviour.
Source: TheCitizen_News - 🏆 6. / 75 Read more »

Corruption costs $1-trillion in tax revenue globally, says IMFFighting graft can reduce waste, help to lift test scores among public school students, and improve public trust, research from the international organisation shows
Source: BDliveSA - 🏆 12. / 63 Read more »

BATSA pledges all of R30 million tax rebate from SARS to fight illegal tobacco tradeBATSA was not a beneficiary of this corruption by rogue SARS agents. Abramjee let them rather buy cancer machines for hospitals. this pledge serves their interest to eliminate competitors albeit illegal.
Source: TheCitizen_News - 🏆 6. / 75 Read more »

The cost of shifting away from fossil fuels no longer costs the earthGreen energy costs are falling, the International Renewable Energy Agency says
Source: BDliveSA - 🏆 12. / 63 Read more »

Nigeria tax chief to raise over $2bn from tax defaultersEconomists have long pointed to low levels of tax collection in Nigeria. Tom Moyane needs to be taking notes right now .
Source: eNCA - 🏆 49. / 51 Read more »