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SA needs more local brands to boost steel sector

According to Mineweb Arcelor Mittal explains terms of agreement with government to save steel sector. 
Governments’ negotiations with Arcelor Mittal South Africa (Amsa) on how to rescue the steel industry stem from the common consensus that steel-making capability in South Africa is necessary to give the country a competitive edge in terms of manufacturing and driving economic growth. This was a theme at a an event about the company’s 2016 factor report on Wednesday, where Amsa chairman Mpho Makwana says that more products needed to be made in South Africa for the industry to have a fighting chance.

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Local procurement is a legal requirement

“The procurement of local content is not just a recommendation, it is a legal requirement for state entities,” says Trade and Industry Minister Rob Davies. All organs of state are obliged to procure goods that are on the designated list and conform with local content requirements.

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