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Carbon tax: SA can't afford it, says economist

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Cape Town – A carbon tax will be damaging to South Africa’s existing industrial economy, which in turn will have severe consequences for economic growth and employment, said Rob Jeffrey, managing director and senior economist of Econometrix. 

Jeffrey, who in the past authored a report on the potentially negative economic impact a carbon tax and the overuse of alternative energy sources could have on developing countries, is of the view that such a tax will lead to the de-industrialisation of South Africa’s economy. 

READ: 'Don't stress about carbon tax'

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