The Looming Carbon Tax Bill in South Africa And What It Means For Your Business - Pete Da Silva

Pete da Silva – CEO of the Jasco Group- joins us to discuss why the time is right for companies to take proactive action and consider alternate energy solutions in order to lessen the company’s impact on the environment and importantly, save some money. Jasco has recently very successfully implemented a solution which has reduced their carbon footprint by 50% - So Pete offers useful advice in this discussion.The approval of the Carbon Tax Bill has been in the making for a while, with the most recent development being South Africa’s cabinet approval of the release to parliament. It may be finalized and gazetted sooner than we think. It is not only the ever-increasing cost of electricity that is driving companies in South Africa to rethink their energy consumption and strategies, but the imminence tax imposed on an organization’s carbon footprint is driving a greener thought process too. South African companies are going to have to adopt a new approach to energy conservation with the ultimate impact on climate change by reducing the emission of greenhouse gasses. Photovoltaic (solar) energy as an alternative energy source is now gaining traction in the South African market and as the cost of hardware decreases, the solution becomes financially more viable. Further driving this is the impact of Eskom’s proposed 19.9% increase. It becomes even more apparent that a long-term alternative energy solution is the solution to preventing a hefty carbon footprint tax whilst reducing the ever-increasing cost of energy. One very effective (consumption and cost wise) solution is to look towards photovoltaic projects that leverage an area of a company’s real estate that is costly and doesn’t generate any benefit in terms of revenue – a company’s car park.--- Support this podcast: https://anchor.fm/africanperspective/support