All signs point to SA steel industry collapse, unless ...

Business

All signs point to SA steel industry collapse, unless ...

Investment and infrastructure unit head Kgosientso Ramokgopa had better come up with a plan, pronto

Siseko Njobeni

As President Cyril Ramaphosa hosts the second investment conference, it is prudent to reflect on the desperate state of the once prominent SA steel industry.

The poor business and economic environment has brought the industry to its knees as investment in infrastructure has dried up. For companies in this sector, another year of pedestrian economic growth could sound the death knell.

It goes without saying that the steel industry will not recover unless the entire economy turns around. That is why the newly-created investment and infrastructure unit in the presidency ignites hope...

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