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 in demand for stainless steel. Here are some of the best articles from the last few issues... market intelligence
New R30-Billion ‘mega city’ planned for South Africa Citigroup Inc. is teaming up with South Africa’s Gauteng provincial administration to fund almost R1.4-Billion of investment in a new mega-city project and airport south of Johannesburg. The development will include an airport, an industrial area, a city, and agricultural areas. The US lender, through its South African unit, will make a seven-year loan facility available to a special purpose vehicle that will directly invest in infrastructure for the Mega River City on the banks of the Vaal River, Citi South Africa head Peter Taylor said. The development could attract as much as R30-Billion in additional investment, he said ... Read more
Competition Commission launches inquiry into local steel market The Competition Commission has gazetted the draft terms of reference for a new market inquiry into the local steel industry. The inquiry will examine whether there are any features or a combination of features in its value chain that impede, distort, or restrict competition in the sector. The inquiry will be confined to only two levels of the steel value chain - the raw materials and inputs, and the upstream steel production level. In addition, the inquiry will focus on the impact of these levels of the value chain on the domestic downstream steel market... Read more
Construction mafia damage to the economy is worse than the government thinks The construction industry’s losses to marauding mafias are higher than what the government estimates them to be, SA Forum Civil Engineering Contractors (Safcec) estimates show. At a recent webinar, Public Works and Infrastructure Minister Sihle Zikalala cited a report that the industry had lost R63-Billion to criminal disruptions since 2019, but the Safcec estimates put the figure at R63- Billion for 2018/19 only. In addition, Safcec estimates that in January 2020 losses for that year alone would amount to R40.7-Billion ... Read more
Issue 2 – 2023
3
Made with FlippingBook - professional solution for displaying marketing and sales documents online