JOHANNESBURG, 5 AUGUST 2020 – The Steel and Engineering Industries Federation of Southern Africa (SEIFSA) has welcomed yesterday’s high court ruling in favour of the Department of Trade, Industry and Competition (DTIC) in a procurement matter, saying that it will boost struggling local businesses amid the pandemic-induced economic recession, and has lauded the DTIC for its continuous support to the local industry.
The court challenge had arisen from DTIC’s refusal to exempt a regional supplier, Continental Power Supplies (Pty) Ltd, from a localisation condition to enable imports of electrical transformers, on the basis that local capacity exists to produce the required transformers.