industry perspective
Navigating uncertain times: opportunities and growth in the year ahead Welcome to our late Autumn edition. We are certain there will be enough content to make for an enjoyable read on a cold evening.
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We still live and operate in uncertain times at a global level. Major elections are taking place in the Americas and Europe that might not change the global political profile much. However, they might, and most likely will, impact our industry and the South African economy. Military activities continue in the Middle East and Eastern Europe with no real solutions in sight. This has created changes in the global way of doing things, such as shipping volumes diverting from the Suez Canal, to around the southern tip of Africa. The picture might not be too rosy, but there remain subtle opportunities for the
MICHEL BASSON Executive Director michel@sassda.co.za
CALLUM SUTHERLAND Members & Communication callum@sassda.co.za MANKABE MORE Education & Training mankabe@sassda.co.za
TEBOGO NKWE Market Intelligence & Lobbying Tebogo@sassda.co.za KIM STEVENS Events, Email Marketing and Website kstevens@sassda.co.za
JOSE HERON Accounts jose@sassda.co.za
country and local industry. The European Union is also
LUISE ALLEMANN Content, Social Media and PR luise@mediaink.co.za
experiencing industrial difficulties with continuing strikes limiting
the availability of cold-rolled material in Europe. While the safeguarding regulations have been extended to 2026, the caps limiting exports to Europe have been adjusted. Reports from the East indicate rising nickel prices but with a marked degree of volatility. Uncertain times In South Africa, we have just completed a successful and peaceful national election with the promise of political stability and accelerated economic growth. It is accepted that the major structural overhaul of the many institutions in dire need of reform cannot happen overnight. However, a positive attitude, combined with small immediate successes, can create trust among investors and stakeholders. The industry is also facing a level of uncertainty with the announcement of the retirement of Trade & Industry Minister Ebrahim Patel with no real successor being earmarked at the time of writing this. It also appears that the stoppage of load shedding was not an election gimmick and can be sustained. It is worth noting our gratitude towards the industry and our members who invested in renewable systems, removing load from the national grid. Once again, an example of an adaptable industry with a resilient “never say die” attitude.
The Stainless steel magazine is published triannual and is distributed to stockists, distributors, fabricators, specifiers, consulting engineers, architects, mining, petrochemical and chemical industries, food beverage and pharmaceutical industries, consumer outlets, end-users, educational institutes and provincial and government departments. Sassda makes every effort to ensure the accuracy of the contents of its publications, but no warranty is made as to such accuracy and no responsibility will be borne by the publisher or Sassda for the consequences of any actions based on information so published. All opinions, views and expressions contained in this publication are not necessarily those of the management of Sassda. The contents of this publication enjoy positive protection under the Copyright Act and therefore copyright thereof is expressly reserved. Any copying, publication and distribution of part or whole of the publication is prohibited unless consent is granted by Sassda.
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Issue 2 – 2024
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