Ailing metals and engineering sectors need government to stop shielding ArcelorMittal
While import duties help protect ArcelorMittal SA, they hit the competitiveness of the entire steel value chain
The metals & engineering (M&E) sectors are among the most important pillars of the SA economy yet are handicapped by an unfavourable policy environment and are unable to realise their economic growth and job creation objectives as set out in the National Development Plan (NDP).
According to the “State of Metals and Engineering Report” for 2020/2021, the sector contributed about R466bn to real gross value add, comprising about 15% of real GDP, and employed about 2.1-million workers (formal and informal) in 2018. By all accounts this is an important sector, essential to the government’s intentions of creating more jobs...
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