South African business groups seek slower carbon tax rollout

South African business organisations have asked the government to slow its plans to boost carbon taxes, arguing the planned charges are unaffordable. The groups, which represent the biggest energy and mining companies in the world’s 13th-biggest emitter of climate-warming gases, have asked the government to keep carbon tax increases to two percentage points above inflation every year until at least 2030.

“The South African economy cannot accommodate the steepness of the carbon tax rate increase in the proposed short period of time,” the groups said in a statement released on Tuesday. “This is compounded by the slow recovery from the devastating impacts of Covid-19 and an economic downturn, which has resulted in the closure of businesses, job losses and the exacerbation of poverty.

I lost R25,800 when investing in BTC with a wrong trader 2 months ago & 3 weeks ago my friend recommended Vitaliibodnarr who he’s investing with so i had to give it a go the first trade i earn R14,300 in 2 weeks after investing R3000, And then R16,700 You have to check him out

Business Business Latest News, Business Business Headlines

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

Business groups unite in calling for slower rollout of carbon taxGroups say they are committed to reducing emissions but cannot afford the proposed tax rates and raise the capital to grow or invest in new low-carbon products and services
Source: BDliveSA - 🏆 12. / 63 Read more »

'Govt's proposed carbon tax rate increase too high, business can't sustain it'Organised business in SA wants government to improve on its carbon tax proposals to 'avert unintended consequences'. I have always hated Bitcoin and thought it was a scam until a friend referred me to Allison_Grillo, I made my first withdrawal of R100,000 in 2 weeks thanks to Allison_Grillo. Some months back I had no way of taking care of my kids , had no job or money also struggling through the pandemic,so I decided to try Bitcoin trading with the help of Allison_Grillo I was able to earn R130,000 now am financially stable. I'm really grateful for all the efforts you have render to me with my little investment of R4000 and with joy over me after withdrawing R50,000 with your help Catherine_nico thank you for everything you have done for me and my family Catherine_nico
Source: ewnupdates - 🏆 30. / 53 Read more »