"South African Carbon Tax Finally Becomes Law"

"JOHANNESBURG - South Africa’s long-delayed carbon tax has been enshrined in law, the treasury said on Sunday, as one of the continent’s worst polluters transitions to lower emissions in its efforts to meet agreements on global climate change.

The tax was first mooted in 2010 but has been postponed at least three times after mining companies, steelmakers and state-owned power utility Eskom said it would erode profit and push up electricity prices.

The first phase of the tax is from June 1 to December 2022, with a tax rate of 120 rand ($8.34) per tonne of carbon dioxide equivalent."

Mfuneko Toyana reports for Reuters May 26, 2019.