South Africa’s government to bolster ailing building industry

[BusinessTech]

South Africa’s government to bolster ailing building industry

South Africa’s government is planning more measures to bolster its ailing building industry after banning the use of imported cement on state construction projects.

 

[itareanlnotani]

Only thing this will bolster is PPC, for a short term anyway. It's already screwing Cemza.

Decent writeup on things here -

Treasury bans use of imported cement on all government-funded projects

Announcement prompts surge in PPC and Sephaku share prices.

www.moneyweb.co.za

 

[ToxicBunny]

While measures to bolster and protect local industries aren't necessarily a bad thing, just wholesale banning of imports of a specfic product doesn't actually fix the fscking problems that are causing people to want to import the products.

Cement might be a bit of a tricky one, since I'd tend towards using locally made cement rather than some random imported brand, at least you have some possible slight peace of mind in terms of manufacturing quality with the locally produced one.