SA signs plan to support R600bn steel industry

  • 📰 TimesLIVE
  • ⏱ Reading Time:
  • 21 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 59%

Nigeria News News

SA has signed a plan to support the country's steel industry, the department of trade, industry and competition said.

The so-called Steel and Metal Fabrication Master Plan agreed by the government and stakeholders in the industry that contributes R600bn to GDP “provides a blueprint for the industry to re-energise itself and expand production,” the department said on Sunday in a statement posted on its website.

The plan comprises six priority areas, including addressing supply- and -demand-side measures and agreements related to the African Continental Free Trade Area, the world’s biggest free-trade zone, the department said without giving details. An oversight council made up of 35 members of industry, labour groups and public sector officials has been set up to drive its implementation, it said.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Let them open mpumalanga big still companies that were close down by one of our leaders Highveld Steel in witbank, ferview mine in machadodorp

But the is no money for Students...🙄😏

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 28. in NG

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines