Carbon taxes will not impact high electricity prices or the mining industry in South Africa
Yesterday, the South African Treasury said the proposed tax bill on gas emissions will not impact already high electricity prices and that it will not add pressure to industry sectors, such as the mining industry. The draft tax bill lists a few allowances to minimise the impact on industries which include tax-free exemptions ranging between 60% to 95% of total emissions. However, representatives from the country's mining industry have warned the government that firms will have to further reduce costs by cutting jobs and closing mines to cope with lower commodity prices.  

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