Carbon Tax Bill will lead to further job losses and higher cost of living
16 May 2019
In February this year, Parliament passed the Carbon Tax Bill which will see companies which exceed the threshold of carbon emissions, charged R120 per ton of carbon dioxide emissions, following the polluter pays principle.
However, the polluter will not be the only one paying. The passing of this Bill means that on 1 June, petrol and diesel prices will increase by 9c and 10c per liter respectively, to incorporate carbon tax.
Once again South Africa’s heavily taxed consumers must pay the price for others’ failures, and fund the bottomless pit of state capture, corruption and maladministration.
The Democratic Alliance (DA) is the only party which opposed the Bill. Carbon taxes will only lead to further job losses and higher cost of living.