Steel yourself for Ebrahim Patel’s price controls, a loser’s game

The minister’s efforts to protect a small number of local industries is harming the entire economy

PREMIUM

Way back in the mists of time ArcelorMittal (Amsa, formerly Iscor), SA’s only primary steelmaker (it makes steel out of its constituent minerals) was Enemy Number One at the department of trade & industry. Its then-minister, Rob Davies, so despised the company that he forbade Eskom from buying pylons made from Amsa steel...

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