Today's Labour News

newsThis news aggregator site highlights South African labour news from a wide range of internet and print sources. Each posting has a synopsis of the source article, together with a link or reference to the original. Postings cover the range of labour related matters from industrial relations to generalist human resources.

ebrahimpatelEngineering News reports that Economic Development Minister Ebrahim Patel will on Wednesday officially reopen the Cape Town Iron and Steel Works plant (Cisco), in Kuils River, in the Western Cape.  

Established in 1967, the factory was closed in 2010 and put under care and maintenance by its previous owner Murray & Roberts, with a loss of about 360 jobs.  The re-establishment of the factory is expected to return substantially all of those jobs in the coming years.  The new Turkish owners of the factory, DHT Holding, has invested R550-million since acquiring Cisco, in 2012, to expand and upgrade the steel plant, which uses electric arc furnaces to produce steel from scrap.  The investment represents one of the largest investments by a Turkish firm in SA.  The reopening of the Cisco factory follows the introduction of a trade directive issued by Patel that provides local steel mills with greater access to scrap metal, through a price preference system that favours local industry.  This also supports jobs, the national infrastructure programme and SA’s climate change commitments.

Get other news reports at the SA Labour News home page