What the low-interest rate environment means for SA’s steel industry

The steel industry has welcomed the South African Reserve Bank’s decision to leave the repo rate unchanged, which it believes will relieve pressures on consumers. This is as Covid-19 slashed production and sales forecasts for the manufacturing industry. Joining CNBC Africa for insight into the sector is Chifipa Mhango, Chief Economist at the Steel and Engineering Industries Federation of Southern Africa.

Fri, 22 Jan 2021 17:09:30 GMT
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