Amplats said the new carbon tax could cost the company between R200-million and R300-million in the next three years.
On the sidelines of an industry conference in Johannesburg, Chief Executive Chris Griffith said the carbon tax would cost Amplats around R50-million over the next two years, rising to between R200-million and R300-million from 2021 when a tax on electricity use is included.Griffith said this would pile pressure on an industry already grappling with higher energy and labour costs.
In February, Parliament approved a long-delayed carbon tax bill as part of plans to reduce harmful emissions in Africa’s most industrialised economy.
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