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
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...
Would you like to comment on this article?
Register (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
This article is reserved for DispatchLIVE subscribers.
Get access to ALL DispatchLIVE content from only R49.00 per month.
Already subscribed? Simply sign in below.
Already registered on HeraldLIVE, BusinessLIVE, TimesLIVE or SowetanLIVE? Sign in with the same details.
Questions or problems? Email helpdesk@dispatchlive.co.za or call 0860 52 52 00.