Streaming issues? Report here
magic-bus-on-capetalkpng
The Magic Bus on CapeTalk Classics
21:00 - 23:59
volume_up
volume_mute

The Magic Bus on CapeTalk Classics
21:00 - 23:59
Home
arrow_forward
Business

Cement industry struggling to compete with cheaper imports

19 August 2019 8:28 AM
Tags:
concrete industry
Chinese imports
cement industry
building industry
Concrete Institute MD Bryan Perrie explains.

The cement industry has taken a couple of knocks the first being slowing demand for the product in South Africa and the other being the prolific rate at which cheap cement products are being imported into South Africa.

The Industry leaders have now called on Government to intervene and place tariffs on foreign imports.

Kieno Kammies talks to Concrete Institute MD Bryan Perrie about its concerns.

He says the economic downturn with the added pressure of cement imports from Pakistan, Vietnam, and China is having a detrimental effect on the local concrete industry.

The undercutting numbers we are looking at are around 45 or 50%.

Bryan Perrie, Managing director - Concrete Institute

He says a level playing field is needed and these other countries do not have the same legislation as South Africa.

Perrie says like, with the steel industry, they want government to regulate that local cement is used in local projects.

Listen to the interview below:

Subscribe to our Business Wrap Newsletter


19 August 2019 8:28 AM
Tags:
concrete industry
Chinese imports
cement industry
building industry

More from Business

171024-uberedjpg

Why some CT ride-hailing drivers are working without operating licenses

18 January 2020 5:43 PM

The City responds after complaints from drivers about perceived delays in granting licenses and explains how the process works.

Share this:
Read More arrow_forward

the-galley-fish-hoek-on-facebookjpg

Drive to shut down Fish Hoek's Galley restaurant divides False Bay residents

18 January 2020 11:12 AM

A number of Fish Hoek residents have started a petition to close the beach-front restaurant, claiming service is "appalling".

Share this:
Read More arrow_forward

saa-flightjpg

Future of SAA: 'A clear showdown between govt and business rescue practitioners'

18 January 2020 9:49 AM

Guy Leitch says government, as SAA owner, seems unwilling to meet the terms of banks to grant airline funding to continue flying.

Share this:
Read More arrow_forward

200116telkomgif

It's raining retrenchments with no jobs being created - Sikonathi Mantshantsha

17 January 2020 12:36 PM

Financial journalist Sikonathi Mantshantsha does a round-up of the big business stories this week from Telkom and Massmart to SAA.

Share this:
Read More arrow_forward

German flag

Germany to phase out all its coal-fired power stations by 2035

17 January 2020 11:42 AM

Germany – not the US or China – is set to lead the world into a post-fossil fuel age. Kieno Kammies interviews Steven Beardsley.

Share this:
Read More arrow_forward

bad-money-habits-2jpg

OUTvest - how does its fee structures compare?

16 January 2020 8:29 PM

What does it really cost you to have your investment managed by somebody else? What is that management worth in the end?

Share this:
Read More arrow_forward

laptop

Matric is not enough to help our youth compete

16 January 2020 7:43 PM

A South African matric will not equip most of today's learners with a competitive edge.

Share this:
Read More arrow_forward

Cash

Things you should do, now that interest rates are lower

16 January 2020 7:06 PM

The slight drop in the repo rate is a good thing for ordinary South Africans.

Share this:
Read More arrow_forward

180222dondo-mogajanejpg

What will SA's delegation to World Economic Forum 2020 offer investors?

16 January 2020 6:45 PM

SA's delegation to the 2020 World Economic Forum in Davos, Switzerland is getting ready for the annual gathering.

Share this:
Read More arrow_forward

Interest-Rates.jpg

Interest rates reduced to 6.25% per annum, what now?

16 January 2020 6:39 PM

The SA Reserve Bank has announced the decision on rates.

Share this:
Read More arrow_forward