Many young white people are encouraged by their parents to just “move on” with the business of the future, writes Adriaan Basson.
After a protracted legal process, Aquila Steel has finally been awarded the mining right for manganese prospect Gravenhage in the Northern Cape, which could prove lucrative if developed.
Government dithering also may have contributed to its demise.
Hard decisions had to be taken to stabilise SA's steel industry, as without it there would be 'massive deindistrialisation' in SA, says Trade and Industry Minister Rob Davies.
The world’s largest steel market is about to go into reverse, as forecasts show production in China will peak in 2018 and then shrink next year as local demand drops.
Keith Crocker, owner and founder of Crockers Iron and Metal works, started his business 42 years ago when he bought some machines and engineering equipment.
Tin is already used in the manufacture of cellphones, but demand is rising as new technology, including electric cars, proliferates.
The US has not granted South Africa an exemption on its increased steel and aluminium tariffs and the country is collateral damage in a trade war between key global economies, says the DTI.
According to The Trade Partnership, Donald Trump's new steel and aluminium tariffs could add 33,464 jobs but cost the US 179,334 jobs in other industries.
President Donald Trump has pushed back against a wave of criticism against steel tariffs, with a tweet saying 'trade wars are good and easy to win.'
The US is considering imposing quotas on imports of aluminum and steel, including a tariff of at least 24% on steel imports from all countries.
Steel producer ArcelorMittal South Africa recorded lower sales in the three months to September 30, due to weak local demand.
Trade wars don’t seem to be as 'good, and easy to win' as US President Donald Trump promised a year ago when he imposed tariffs on steel and aluminum imports.
The US has granted SA tariff exemptions on 161 aluminium and 36 steel products, the trade and industry department said.
Trade union Solidarity says it is going to mobilise unions locally and internationally to take on newly proposed US import tariffs.
The department of trade and industry is dealing with the steel glut by providing a R500m incentive scheme for metal and engineering, Parliament has heard.
The decision by the US government not to exempt local steel products from import duties will cost SA exporters an estimated R3bn, according to steel federation Seifsa.
The duties, which take effect on Friday, include a 10% tariff on the imports of aluminium, and a 25% tariff on imports of steel into the US.
US President Donald Trump said that trade wars "easy to win." This comes the day after Trump announced new taxes on steel and aluminium imports.
The Steel and Engineering Industries Federation of Southern Africa says Finance Minister Malusi Gigaba could have done more for local producers in Budget 2018.
Management upcycles giant steel plant to provide jobs and business space in new industrial park, writes Sizwe sama Yende.
Cape TownO'Dwyer Personnel
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