The best of the GPS e-newsletter Each month Sassda rounds up a selection of global and local market intelligence articles that are sent to our members in an easy-to-read package of content. They’re designed to highlight pockets of potential growth of stainless steel. Here are some of the best articles from the last few issues... market intelligence
Improved infrastructure can help SA escape low growth Infrastructure challenges in South Africa are mounting in what is turning out to be a perfect storm of power cuts, water
shortages, and potholes that are all too common. The South African Institution of Civil Engineering
(SAICE) highlighted these challenges in its 2022 state of infrastructure report that revealed that South Africa is at risk of becoming a “failed state”. The report assessed 32 different infrastructure segments and found only 15 to be “satisfactory” or above (graded C or above), with the remaining segments falling into being at risk of failing’ (D) or ‘unfit for purpose’ (E). South Africa’s overall infrastructure rating was a D, indicating that infrastructure is not coping with normal demand and is poorly maintained... Read more
Government to spend R903-Billion on infrastructure development over next 3 years Delivering the 2023 Budget Speech earlier this year Finance Minister Enoch Godongwana said government spending on infrastructure is expected to reach R903-Billion over the next three years with state- owned companies contributing the lion’s share to this investment. He reported that the largest portion of this, around R448-Billion, will be spent by state-owned companies, public entities, and public-private partnerships. All of which presents an excellent opportunity for the use of local stainless steel. .. Read more
WBHO hopes to return to Total’s Mozambique project before June JSE-listed construction and engineering group WBHO is hopeful of a potential return to work in Mozambique, where it has a major contract for a camp facility at TotalEnergies’ liquefied natural gas (LNG) project and several Sasol contracts. The TotalEnergies gas infrastructure project in Mozambique was suspended in 2021 following insurgent attacks in the Cabo Delgado province, where it is situated. Presenting WBHO’s interim results on Wednesday, Group CEO Wolfgang Neff said positive signs are emerging that activity on the project may resume later in 2023.… Read more
3
Issue 1 – 2023
Made with FlippingBook - professional solution for displaying marketing and sales documents online