Public Management

Carbon tax will cost South Africa’s Eskom $813 mln a year, from 2023

Carbon tax will cost South Africa’s Eskom $813 mln a year, from 2023
Wednesday, 10 July 2019 14:38

The Carbon tax bill could cost $813 mln a year for South Africa’s Eskom from 2023. This already highly-indebted company is thus going to face further though times.

As a reminder, this environment friendly tax came into effect in South Africa on June 1st this year, but Eskom benefited from a tax-free period which extends until Phase II of the tax implementation that begins in 2023.

The power company produces 90% of electricity consumed in the country and is responsible for about 42% of the country’s total greenhouse gas emissions.

Gwladys Johnson Akinocho

Additional Info

  • communiques: Non
  • couleur: N/A
On the same topic
Coris Holding confirmed its plan to enter Gabon’s banking market after expanding into Chad in 2024. BGFIBank Gabon granted 71.29% of new loans in the...
Driven by surging valuations and economic reforms, Nigeria’s capital market now accounts for 33% of GDP, with total capitalization up 125% in less than...
Africa’s startup debt is growing, but $1–$5M loans remain scarce—too big for grants and too small for big lenders to process. FMO–Dalberg...
Genesis acquires 10% stake in FBNBank Sénégal First WAEMU investor joins Nigerian-owned subsidiary Deal supports regional expansion, SME...
Most Read
01

ECOWAS central bank governors reaffirm a 2027 target for launching the Eco. Nigeria signals...

ECOWAS Eco Currency May Launch Without WAEMU in 2027 Push
02

South Africa led with 35% of total deal value, ahead of Kenya and Egypt Inbound deal value ro...

Three Countries Drove 70% of Africa’s M&A Deal Value in 2025
03

Investigation targets alleged breaches of Nigeria’s 2023 data protection law Platform processes p...

Nigeria: Investigation on Chinese Owned Temu Regarding Privacy Breach Concerns for Local Users
04

The main point of contention between Niamey and France’s Orano concerns the uranium stock extracted ...

Niger-France uranium dispute: How 156 tonnes became 156,000 in global reporting
05

China’s initiative aims to address the imbalances that have long characterised bilateral trade relat...

China to scrap tariffs on imports from 53 African partners from May 1
Enter your email to receive our newsletter

Ecofin Agency provides daily coverage of nine key African economic sectors: public management, finance, telecoms, agribusiness, mining, energy, transport, communication, and education.
It also designs and manages specialized media, both online and print, for African institutions and publishers.

SALES & ADVERTISING

regie@agenceecofin.com 
Tél: +41 22 301 96 11 
Mob: +41 78 699 13 72


EDITORIAL
redaction@agenceecofin.com

More information
Team
Publisher

ECOFIN AGENCY

Mediamania Sarl
Rue du Léman, 6
1201 Geneva
Switzerland

 

Ecofin Agency is a sector-focused economic news agency, founded in December 2010. Its web platform was launched in June 2011. ©Mediamania.

 
 

Please publish modules in offcanvas position.