COVID-19: TERS-FUNDING/UIF: SURVEY 03 December 2020 (June, July, Aug and Sep)

The effect of the toxic combination of

IMPORT DUTIES
and
AMSA’s INABILITY TO SUPPLY

More business responses

• Please help Mr. Ramaphosa. Your Ministers are killing us with the legacy of Mr Zuma still lingering. It is pretty simple; my business is suffering terribly with massive shortages of steel and lost production which can never be recovered because imports of finished product simply fill the gap.

        We are really fighting for survival here. No steel leads to no industry, which leads to            no jobs or taxes.

        Continue at your peril Minister Patel.

• I have a drawing for a 1300 sqm warehouse in hand. It is a “gift” from a friend knowing how hard the steel industry is battling. I secured prices for 3 different steel designs over the past 6 weeks. Every time he gives the go-ahead, it is already too late to secure the material. The alternative design costs a certain percentage higher as steel merchants have jumped on the bandwagon in order to make top profits. My investor friend now “loathes” continuing with the project as savings could easily have been achieved with precast columns and beams.

• After the lockdown, we received a massive favour in projects that were quoted before the lockdown, being accepted. This, however, was a problem with prices going up to 70% on some items. We also experienced the shortage of steel. We have to make up for the lost profits suffered in the lockdown but we simply cannot. The business opportunity is there, but the material shortages restricts us.

How is AMSA’s inability to supply the market affecting your business?
(click here to share your experience)

Regards

We are all in this together.
Privileged and challenged to be South African.