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Welcome to the latest edition of the Sassda GPS eNewsletter. Each month, we aggregate key news and developments influencing the stainless steel sector, providing a clear view of the current operating environment.
This edition comes against the backdrop of continued global uncertainty weighing on South Africa’s outlook, as geopolitical tensions sustain inflationary pressures and weigh on investor sentiment, while the prospect of fuel price increases adds further risk. In response, government is intensifying efforts to attract private investment and accelerate infrastructure delivery.
As always, the aim is to provide relevant, practical insights to support informed decision-making.
Enjoy the read!
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Ramaphosa courts investment amid global uncertainty
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President Cyril Ramaphosa is ramping up efforts to attract investment as South Africa navigates global headwinds linked to geopolitical tensions. With concerns around economic stability and growth, government is positioning the country as an attractive destination for capital by promoting structural reforms and infrastructure development…
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Massive private investment drive announceD
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Government has announced a major private investment drive aimed at unlocking infrastructure development and boosting economic growth. The initiative focuses on creating an enabling environment for investors while accelerating project rollout across key sectors…
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Smelter shutdown risk highlights energy
crisis
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Another smelter is threatening shutdown due to crippling electricity prices, underscoring ongoing pressure on energy-intensive industries. High costs and supply challenges continue to impact production and competitiveness, raising concerns about job losses and industrial decline… |
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Inflation warning as global tensions rise
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Reserve Bank Governor Lesetja Kganyago has warned that inflation could rise above 5% if global geopolitical tensions persist. Prolonged instability may drive up fuel and input costs, placing additional strain on consumers and businesses… |
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Tariffs imposed on structural steel imports
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South Africa has introduced steep tariffs on structural steel imports from China and Thailand to protect local producers. The move aims to support domestic manufacturing, although it may also impact input costs for construction and infrastructure projects…
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Johannesburg CBD revitalisation project gains tractioN
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A R769 million deeds office project is set to play a key role in revitalising Johannesburg’s CBD. The development is expected to stimulate economic activity, create jobs and support broader urban renewal efforts in the city..
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Call for urgent action in construction sector
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Master Builders North has called for urgent intervention to improve oversight in the construction industry. Concerns around quality, compliance and project delivery continue to challenge the sector, highlighting the need for stronger regulation and accountability…
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Milestone reached at Parsons Power Park
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A significant milestone has been achieved at the Parsons Power Park project in Nelson Mandela Bay. The development marks progress in expanding energy infrastructure and supporting industrial growth in the region…
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