Home Tags Steel
Gauteng must diversify its economy to alleviate the after-effects of deindustrialisation in the mining and steel sectors, it was agreed at the Gauteng City Region Spatial Planning Summit. Discussions also examined the current special form of the province, and how to stop urban sprawl.
Organisers of the Nuclear Supply Chain conference, to be held in South Africa at the start of December, have urged companies working in construction to participate in their discussions. There are opportunities for the country's construction industry in the new build programme, they say.
The Industrial Development Corporation and a new South African company aim to break the domestic steel monopoly by investing R100-million in a project that uses a locally developed process to convert tailings from iron ore mining into high-quality iron ore units.
Indian steel giant Tata Steel has started construction on a R650-million high-carbon ferrochrome plant in Richards Bay on the KwaZulu-Natal coast. The investment confirms Tata Group's belief in South Africa following investments in a number of industries in the country.