S. Africa’s Ramokgopa to Propose Suspension of Carbon Tax: N24

South Africa’s Electricity and Energy Minister Kgosientsho Ramokgopa is working on a proposal to pause carbon tax, News24 reports, citing people close to the process without identifying them.

• Arguments that the tax is not achieving its original objectives is gaining traction in the Cabinet, the Cape Town-based news outlet says
• Presidency has requested that the Treasury provide a detailed explanation and rationale for the tax, according to News24
• Proposal has not yet been finalized and presented to the Cabinet

To contact the reporter on this story:
Rene Vollgraaff in Johannesburg at rvollgraaff@bloomberg.net

To contact the editor responsible for this ...