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Welcome to this month’s edition of the Sassda GPS eNewsletter, your source of the latest trends and developments influencing South Africa’s stainless steel sector. In this issue we
feature articles including Energy Minister Kgosientsho Ramokgopa has unveiled a R2.23 trillion electricity generation plan, signalling a move from coal to nuclear and gas, while rising business confidence reflects optimism in the energy sector. We also look at the current status of talks to ‘save’ ArcelorMittal given the potential for investment partners. There’s also a focus on major infrastructure projects, including the $50 billion Port of Gauteng and R15 billion Westown city development.
Enjoy the read!
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Ramokgopa unveils R2.23trn electricity
generation plan
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Minister of Electricity and Energy Kgosientsho Ramokgopa has announced an ambitious plan to build 105 000MW of new generation capacity between now and 2039 to the value of R2.23 trillion. This is more than double Eskom’s current generation capacity of 50 230MW.The plan will ensure energy security to support economic growth of at least 3% from 2030, lay the foundations for a revival of the struggling construction industry, and be a lever for industrialisation…
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South Africa ditching coal, eyes nuclear in
new R2.2 trillion energy plan
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South Africa intends to revive a modular nuclear reactor program and step up its reliance on gas to generate electricity, according to a new energy-policy blueprint unveiled by the nation’s electricity and energy minister. A revised Integrated Resource Plan approved by the cabinet last week envisions R2.23 trillion being invested in energy infrastructure by 2042, with nuclear and gas accounting for 16% of total generation capacity in the next 14 years compared to 3% currently…
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Global steel giant to exit South Africa
with $460m takeover imminent
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Talks between global steel giant ArcelorMittal and South Africa’s Industrial Development Corporation (IDC) over the potential sale of the steelmaker’s local operations have entered an advanced stage, signalling a shift in Africa’s steel industry landscape. According to people familiar with the matter, Ondra Otradovec, ArcelorMittal’s head of mergers and acquisitions, is currently in South Africa for high-level discussions with both the IDC and the Department of Trade, Industry and Competition (DTIC). His presence is seen as a sign that negotiations have accelerated…
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Big international car brands throw lifeline
to South Africa
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South Africa has secured commitments from Chinese and Indian car companies to upgrade their semi-knocked-down (SKD) vehicle assembly operations to full-scale manufacturing, the South African trade minister said on Thursday, as industry leaders call for more domestic production. The government is in talks with multinational carmakers, who have South African factories – including Toyota and Ford and their suppliers – on ways to safeguard the industry’s future as it navigates declining production volumes, stiff competition from China, tariff uncertainty and an expensive shift to electric vehicles…
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Rising business confidence reflects optimism
in South Africa’s energy sector
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Energy sector organisation the Energy Council of South Africa welcomes the rise in business confidence to 121.1 in September, as reported by the South African Chamber of Commerce and Industry. Business confidence is at its highest level this year and up from 120 index points recorded in August 2025. This upward trend reflects growing optimisim in the country’s energy sector, where tangible progress is being made toward market reform, investment and infrastructure delivery the Energy Council says…
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Developing nations rack up $3.9bn in net debt payments to China a year, study finds
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Developing nations are now paying more to service debt owed to China than they receive in new loans, a shift that risks deepening economic strain and slowing climate investment, a report released on Friday, 10 October 2025 by Boston University’s Global Development Policy Centre found. The study, titled Reviving Chinese Development Finance in the Global South, revealed that net debt transfers, calculated as new loan disbursements minus principal and interest repayments, turned negative in 2022 and 2023, with developing nations repaying $3.9bn more annually than they borrowed…
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Port of Gauteng’s $50bn plan to transform
Durban-Gauteng freight corridor
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The Port of Gauteng kicked off Transport Month with the release of a detailed White Paper outlining a R50bn plan that aims to generate 50,000 permanent employment opportunities and improve road safety. This premier trade gateway is set to transform Africa’s freight transport landscape by addressing critical inefficiencies in South Africa’s logistics system. Francois Nortjé, developer of Port of Gauteng, outlines the transformative vision: “We’re creating Africa’s most advanced inland trade gateway…”
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The new R15 billion city being built in
South Africa
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Westown, a new mixed-use development outside Durban, is making progress across its development following the launch of the Westown Square Mall. Westown has been deemed the New City of the West and aims to be a new stopgap between Pietermaritzburg and Durban, similar to Midrand in Gauteng. The first phase of the development was the 50,000 sqm Westown Square, which opened in March and cost R1.5 billion. The investment, together with the roads and other infrastructure invested in partnership with the eThekwini Municipality, will leverage a further R14 billion in investment across the development over the next decade…
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