Magnus news



To make sure that our service delivery can compete with the very best, which it does, we need to make sure that we work hard, that’s why when you come to our offices at 7 in the morning you will see us hard at work, making sure that we deliver everything our clients need.

Good service is something that we take a lot of pride in, but good service is not just timeous delivery and our friendly staff, but excellent steel prices and that is the promise we make.


So here goes. We’re looking at the news this week and what has happened in our world.

Time to nationalise Reserve Bank – Numsa

The National Union of Metalworkers of SA (Numsa) has consistently called for the nationalisation of the Reserve bank, for the abandonment of the neo-liberal macro-economic policies which have ruined the manufacturing sectors and led to massive shedding of jobs. (Read more)

China to cut steel exports in 2015, says association

“China does not plan to expand steel exports significantly.

Next year we forecast that the Chinese exports will decrease compared with this year,” Chi Jingdong, deputy secretary-general of Cisa, told Reuters at the Worldsteel conference in Moscow.(Read more)

SA economy set to double by 2024, says EY report

DESPITE short-term challenges, SA’s economy is on track to double in size by 2024 if the dividends offered by increased foreign investment are harnessed, says an EY report. (Read More)