Carbon Tax Update

Carbon Tax Update

In the absence of any recent commentary from Government on the implementation of the proposed Carbon Tax regime from 1st January 2017, we find some Government mention of this, if only in passing, in the MTBPS delivered by Pravin Gordhan yesterday evening.

“Given the demands on the legislative programme, the carbon tax bill will be dealt with in 2017. Consultations on this and the proposed sugar tax are continuing.” https://www.biznews.com/budget/2016/10/26/full-mini-budget-2016-speech/

This seems to be the most definitive confirmation of the postponement of the carbon tax rollout as originally planned for 1st January 2017.  We expect it will be reviewed in 2017, and most likely quite urgently, as clearly Treasury needs to find sources of additional revenue to fund budget shortfalls….watch this space.

Dennis Williams is the current Commercial Director with over 14 years of service at AES, having been involved as a project engineer, new business development manager and marketing and commercial director in his tenure.