South Africa's carbon tax means big trouble for Eskom

Jamie McKane

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South Africa's carbon tax means big trouble for Eskom

South Africa’s troubled state-owned power utility has yet another thing to worry about - a big carbon tax bill expected to kick in from 2023.

Eskom Holdings SOC Ltd., which has been forced to turn to the government for bailouts to meet its obligations, mostly burns coal to generate power and is one of the country’s biggest polluters.

[Bloomberg]
 
South Africa’s carbon tax is bad news for Eskom Consumers
FTFY
Taxes are passed on to consumers and since we don't have alternatives, we have to pay what Eskom charges,
AFAIK, Eskom already charges the "Demand Side Levy Tax" which is for the same purposes.

Carbon tax is required to account for the hidden environmental costs of Coal - but consumers need alternatives so that can choose cheaper alternatives.
The carbon tax should be ring fenced and only used for renewable purposes - which it is not.

Carbon Tax
Sugar Tax
Plastic Bag Levy Tax
Municipal Rates Tax
PAYE Tax
Fuel Levy Tax
VAT Tax
Capital Gains Tax
Company Income Tax
Customs Tax
Estate Duty Tax
Excise Duties Tax
Interest Earned Tax
Lump Sum Pre-Retirement Tax
Mining Lease, Royalty, Ownership Tax
Property Transfer Duty Tax
Retrenchment Package Tax
Secondary Tax on Companies
Securities Transfer Tax
Sin Tax on Wine, Beer, Cigarettes
SITE Tax
Skills Development Levy Tax
Stamp Duty Tax
Travel Tax
UIF Tax
With holdings Tax
Demand Side Management (Eskom DSM) Levy Tax

We are being taxed into poverty.
South Africa’s tax to GDP ratio, which is approaching 30%is far higher than the global average of 15%
South Africa has the 7th highest total tax to GDP ratio.
https://businesstech.co.za/news/fin...ax-rates-in-the-world-including-south-africa/
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Eskom will be exempted - if push comes to shove. They're already getting away with murder.
 
South Africa's carbon tax means big trouble for Eskom

anc with SA tax payer money: Don't worry, we got this, fam

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This tax is a shot to the country's economic foot. It is probably an excuse to extract more tax out of a struggling economy which will cause more struggle and so on. They should really have rather worked at reforming the economy away from being so reliant on polluting industry but being in bed with unions means they want to both keep the coal jobs and also tax the employers to oblivion. Talk about having your cake and eating it too.
 
Eskom won't be included in the carbon tax which makes it even more unfair. This isn't about the environment. Is it any surprise all these taxes emerge now that the economy is in dire straights and they're struggling to extract tax. They should be reducing taxes to give the economy a boost.
 
Eskom won't be included in the carbon tax which makes it even more unfair. This isn't about the environment. Is it any surprise all these taxes emerge now that the economy is in dire straights and they're struggling to extract tax. They should be reducing taxes to give the economy a boost.

Our gummint does not believe in feeding the goose that lays the golden eggs, every thing they do just poisons it a bit more till it is dead, then they will be happy, especially the unions.
 
South Africa's carbon tax means big trouble for Eskom

South Africa’s troubled state-owned power utility has yet another thing to worry about - a big carbon tax bill expected to kick in from 2023.

Eskom Holdings SOC Ltd., which has been forced to turn to the government for bailouts to meet its obligations, mostly burns coal to generate power and is one of the country’s biggest polluters.

[Bloomberg]

Well coal is still the most relieable source, why can't the best scientists in the world not come up with a selution to clean the air instead. The wind farmes depends on modered wind if its awvailable, and now with global warming and weather pattern changes who knows if the wind will stay coming where these frams were erected, or not get stronger so they brake instead.
The solar panels needs sunlight. Both of these power sources are good for individual situations, but for growth or even to power the whole world, and look ar how much power the digital world in total sucks up, and digital wants stable power. On top of that if the face of the planet is flooded with propellors and solar panels, that will become worst physical polution than plastic bags as they stand there.

Taxes means you are not serious, if serious you would enforce a selution or shut it down....In any case nothing will work properly if you cannot maintain it.
 
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