You are currently viewing our desktop site, do you want to download our app instead?
Moneyweb Android App Moneyweb iOS App Moneyweb Mobile Web App

NEW SENS search and JSE share prices

More about the app

SA signs plan to support R600bn steel industry

An oversight council made up of 35 members of industry, labour groups and public sector officials has been set up to drive its implementation.
Image: Bloomberg

South Africa has signed a plan to support its steel industry, the Department of Trade, Industry and Competition said.

The so-called Steel and Metal Fabrication Master Plan agreed by the government and stakeholders in the industry that contributes R600 billion ($43.7 billion) to gross domestic product “provides a blueprint for the industry to re-energise itself and expand production,” the department said Sunday in a statement posted on its website.

The plan comprises six priority areas, including addressing supply- and -demand-side measures and agreements related to African Continental Free Trade Area, the world’s biggest free-trade zone, the department said without giving details. An oversight council made up of 35 members of industry, labour groups and public sector officials has been set up to drive its implementation, it said.

© 2021 Bloomberg

COMMENTS   0

You must be signed in to comment.

SIGN IN SIGN UP

LATEST CURRENCIES  

USD / ZAR
GBP / ZAR
EUR / ZAR
BTC / USD

Podcasts

INSIDER SUBSCRIPTIONS APP VIDEOS RADIO / LISTEN LIVE SHOP OFFERS WEBINARS NEWSLETTERS TRENDING PORTFOLIO TOOL CPD HUB

Follow us:

Search Articles:
Click a Company: