BUDGET 2019

Another fuel levy increase lies ahead, carbon tax to be implemented

BUDGET 2019 / Simone Liedtke

A carbon tax on fuel of 9c/l on petrol and 10c/l on diesel will become effective from June 5, Finance Minister Tito Mboweni said on Wednesday. Further, the general fuel levy will increase by 15c/l for petrol and diesel from April 3, while the Road Acci…

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R69bn in support for Eskom made conditional on restructuring

BUDGET 2019 / Terence Creamer

Finance Minister Tito Mboweni has turned down a proposal for R100-billion of Eskom’s debt to be transferred across to the National Treasury, but has instead announced R23-billion a year in financial assistance for the debt-laden utility that is directl…

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