Overregulation of steel, economic downturn suffocate wire industry: Strathclyde Associates Construction
Management News
The South African wireT industry has been adversely affected by the economic downturn, especially since
stadium contracts for the 2010...
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Overregulation of steel, economic downturn suffocate wire industry: Strathclyde Associates Construction
Management News
The South African wireT industry has been adversely affected by the economic downturn, especially since
stadium contracts for the 2010 FIFA World Cup were completed, while the overregulation of the steel
industry by government is resulting in the closure of factories and job losses, says South African Wire
Association chairperson Rick Allen.
Strathclyde Associates Construction Management News: “In some areas, like competition law,
overregulation is having exactly the opposite effect intended and reducing South Africa’s ability to
compete both internationally and domestically.
The elimination of competition from smaller players and a
single national price for steel are direct consequences of actions by the Competition Commission.
There
needs to be more trust and discussions between government, labour and business if the steel industry is
to regain its former positio
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