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South Africa steel sector seeks realistic talks
16/03/2014 - 22:05:53 | Read 1,142 Time(s)

South Africa’s metals and engineering companies are calling for workers to limit their demands as Africa’s biggest economy slows ahead of negotiations this month with the country’s largest union.

Mr Kaizer Nyatsumba CEO of Steel and Engineering Industries Federation of Southern Africa said that “We cannot operate as though there is no context, as though we live in a vacuum. Our economy has been performing poorly, a number of employers in the metals and engineering sector have been forced to shut shop in the past few years.”

Mr Nyatsumba said that Evraz Highveld Steel and Vanadium, Bell Equipment and Aveng’s steel unit are among the 2,094 members of the Johannesburg based industry group. The member companies employ 222,635 people and account for about one fourth of South Africa’s ZAR 335 billion metals and engineering industry.

Source - Bloomberg

(www.steelguru.com)


 
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