MegaBanner-Right

LeaderBoad-Right

LeaderBoard-Left

Home ยป Industry News ยป Western Cape faces possible provincial fuel levy

Western Cape faces possible provincial fuel levy

The Western Cape provincial government plans on introducing a provincial fuel levy, but it is unlikely to happen any time soon. The additional funds generated by the proposed fuel levy will be used to build and maintain the provinceโ€™s roads.

Western Capeโ€™s Ministry of Finance spokesperson, Daniel Johnson, says the decision to implement a provincial fuel levy was taken early last year by the Western Cape Cabinet. Before any consultation happens, the fuel levy research conducted in 2005 needs to be updated.

The research will take eight to nine months to conduct, and this will influence the provincial Cabinetโ€™s decision on whether to proceed or not.

Additional funds generated by the provincial fuel levies will go into the Provincial Revenue Fund, and will be allocated as prescribed by current legislative and fiscal frameworks.

If they proceed, the plan will take between five and six years to finalise and implement successfully.

The provincial fuel levy will be a levy separate from the one imposed on national level, and will require motorists in the Western Cape to adhere to both.

Provincial government had previously proposed instating a provincial fuel levy in 2005, which would have been between 10c and 50c. Although the plan was approved by then-finance minister Trevor Manuel, it was never implemented.

According to Western Cape MEC for Finance, Ivan Meyer, the provincial treasury has already approved consultants to conduct the study on the viability of the implementation of the fuel levy. The study will take into account the the current economic situation in the country, and also the very important question of whether motorists can afford it.

The impact of the instatement of the provincial fuel levy will also have to take the economies of neighbouring provinces into consideration.

Meyer maintains that nothing is final as yet, and that the possibility of implementation is only being investigated.

ย 


ย 

Source

CapeTown{etc}

To enquire about Cape Business News' digital marketing options please contact sales@cbn.co.za

Related articles

New WearCheck agent in East Africa

New WearCheck agent in East Africa Condition monitoring specialist company, WearCheck, recently teamed up with Tanzania-based condition monitoring company, Technical and Engineering Solutions (TES), to...

CHARGE formally objects to SANRAL RSF policy amendments, which will undermine EV infrastructure rollout

CHARGE formally objects to SANRAL RSF policy amendments, which will undermine EV infrastructure rollout Zero Carbon Charge (CHARGE), developer of a national network of off-grid,...

MUST READ

Northern Cape highlights compelling investment opportunities

Northern Cape highlights compelling investment opportunities ย The Northern Cape province is ideally positioned to serve as the next economic and industrial growth node for South...

RECOMMENDED

Privacy Overview

This website uses cookies so that we can provide you with the best user experience possible. Cookie information is stored in your browser and performs functions such as recognising you when you return to our website and helping our team to understand which sections of the website you find most interesting and useful.

Strictly Necessary Cookies

Strictly Necessary Cookie should be enabled at all times so that we can save your preferences for cookie settings.