Magnus Steel and News.

Jul

30


As many will understand July was a trying month for all of those affected by the NUMSA strike action. Whilst it’s important that we understand what this kind of productivity collapse can do to the industry, Magnus have being doing everything we can to remain productive. This kind of work ethic has put us in a remarkable position as we get to work out of a month of trying to be productive.

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We can only thank you, our customers, for your understanding over this period and look forward to getting back to full service for you right away, because as you probably already know, we are a customer-centric organisation.

Please feel free to contact anyone on the team, no job is too big or small for us here.

So to catch up on some of your news this week.

Lost Jobs from Steel Strike goes beyond the Manufacturer.

THE strike in the steel and engineering sector is likely to lead to reduced investment and job losses in the R30bn a year vehicle components industry, says Ken Manners, the vice-president of the National Association of Automotive Components and Allied Manufacturers…  more here

Stocks Rise as Steel Companies Shine

JOHANNESBURG – South African stocks rose on Tuesday, led by iron ore and steel companies as metal prices strengthened on hopes that an improving economic outlook in China would spur demand… more here

Three Year Wage Deal Accepted – Numsa

The four-week strike by 220 000 metals and engineering workers, which was at times marred by violence, was called off late yesterday afternoon by the National Union of Metalworkers of SA (Numsa)… more here

South Africa Draw Test, Move to Number One

COLOMBO — A gritty South African tail fought off Sri Lanka’s spinners to snatch a nerve-jangling draw in the second Test and seal a historic 1-0 series win.The series victory propelled South Africa to the top of world Test rankings ahead of Australia and also ended their 21-year-old jinx… more here