Local cement producers are making submissions to the International Trade Administration Commission of South Africa to impose tariffs on cement imports from China and Vietnam in a bid to protect the South African industry.
Imports received via Durban increased by 89% to more than 600 000 tonnes, while imports received in the Cape rose by 48% to 209 000 tonnes,” adding pressure to an already struggling construction industry. In 2015 Itac, which sets and investigates tariffs on imported goods, imposed anti-dumping duties on imports from Pakistan after an investigation that found that cement imports from the South Asian country were causing material injury to the local cement industry.
Apart from supply and demand dynamics, local manufacturers are also subject to rigorous regulations, including environmental impact assessments, strict quality controls, and labour and employment regulations. Azar Jammine, the chief economist at Econometrix, says that imposing tariffs in the short term could provide some relief for local cement producers but that for the industry to be protected, huge investment in the country’s infrastructure is needed.
Fast-forward nine years and one of the country’s biggest construction firms, Group Five, had its stock suspended in March after the company filed for bankruptcy protection.
The gov could not protect the poultry industry and it had to shed thousands of jobs,I doubt they will protect the cement industry,or even try.
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:
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
South Sudan's independent media under pressure | News | Africa | M&GEight years after independence, South Sudan still struggles to address media challenges. Independent journalists continue to fear for their freedom
Source: mailandguardian - 🏆 2. / 92 Read more »
BUSINESS MAVERICK: The fund management sector may lead us into the next global financial crisisIt’s been a decade since the last financial crisis and there are warning signs we might be heading for another one. It is a case of well-known financial institutions suddenly becoming cash-strapped and panicked clients yanking their capital at a whim. Sound familiar? But this time, it pertains to a different participant in the financial food chain. DURITZ79 This piece centres around a real issue... however, the headline is overly-dramatic and the argument weak. Do better
Source: dailymaverick - 🏆 3. / 84 Read more »
Urgent measures needed to address the poor state of municipalities | News | National | M&GS Africans aren't worried about the state of municipalities. Journalists like AldrinSampear and pietrampedi are working hard to divert our attention away from everything to one Minister Pravin Gordhan. Like a flock of sheep, we are unquestionably following along. Typical Africa....just thank the ANCorrupt! Long overdue
Source: mailandguardian - 🏆 2. / 92 Read more »
Why I do not support active euthanasia | Opinion | Letters | M>his reminds me of my caregivers experience with my then terminally ill mom. The lesson I got at the end was that the whole experience might have been less about her but a great deal about me. Doctor knows best! Arrogant Christian narcissist. If you don't like euthenasia, don't do it. But that gives you no right to prescribe rules for the rest of us. Keeping people alive is quick way for doctors to make lots of money.
Source: mailandguardian - 🏆 2. / 92 Read more »
The greatest show — so sit up and pay up | News | Sport | M&GHawaii This is not wage discrimination you dolts, this is simple economics. The women's world cup generates only 130m vs 6b dollars compared to men.
Source: mailandguardian - 🏆 2. / 92 Read more »
Baxter goes from dead man walking to national hero | News | Sport | M&GStuart Baxter’s days as South Africa coach appeared numbered after a limp group stage display left Bafana Bafana up against Africa Cup of Nations hosts Egypt, but a famous defeat of the title favourites has quietened his mounting detractors. Still want him to go One swallow doesn't bring rain, we need consistency. said who? HE IS GOING NO WHERE UNTIL WORLD CUP QUALIFIERS
Source: mailandguardian - 🏆 2. / 92 Read more »