DONALD MACKAY: Could the ban on imported cement be a political play?

Do you remember that feeling of excitement when the National Treasury banned the use of foreign cement in government-funded projects? PPC’s share price shot up by 9% and Sepaku’s by 6%. Champagne corks were heard popping as the Public Investment Corporation and Sanlam Investment Management increased their stakes in PPC to more than 5%. No more would our cement jobs be taken by foreigners.

Is this simply a political play right before elections? Maybe. It’s a good story if you don’t allow facts to get in the way. And besides, we are saving local jobs — unless those people work for Cemza, the new cement factory in the Coega Special Economic Zone . Those 104 jobs don’t matter, because it’s only a R750m foreign investment in our flagship SEZ, ironically supported by a R143m tax incentive from the government, according to the department of trade & industry, as it was then known.

In this case, PPC was granted immunity and paid no fine, because they had made the first approach to the Competition Commission .

No. It is damaging to local producers and will tilt tge BoP in the wrong direction if allowed to flourish uncontolled. We need manufacturing jobs for our people who dont have a natric certificate. BUY SOUTH AFRICAN.

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