Santam makes concession for CO2 tax

Johannesburg - Listed short-term insurer Santam [JSE:SNT] said on Monday that it will make special concessions for insured vehicles bought before September 1 2010.

The concession would be to cover the full replacement value of the vehicle plus the value of carbon taxes.

A spokesperson said that before September, the cost of cars did not include carbon taxes. All passenger vehicles bought after September 1 already included the carbon taxes in the price and therefore did not need the concession.