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AMSA PRICE INCREASE NOTICE!

Dear Valued Customers,

Please click on the following link for the latest price increase notice :

Price Increase Letter 1 July 2019

Kind regards,

Ropa Mhlanga

Operations Director – Southern African Region

PRICE NOTICE INCREASE!!!

Dear Valued Customers,

Please click on the following link for the latest price increase notice :

Price Notice Increase

Kind regards,

Ropa Mhlanga

Operations Director – Southern African Region

Mining plunges in February to three-year low

The mining sector plummeted in February to a three-year low, following continuous gold strikes, load-shedding and slow global growth.

Production has been hard hit in recent months by strikes at gold mines led by the Association of Mineworkers and Construction Union (Amcu), where about 15,000 workers affiliated to AMCU have been on strike for almost five months at the Driefontein, Kloof and Beatrix mines.

Slowing global growth, particularly in China, has softened demand for metals, too. Load-shedding has also threatened to further dent the sector.

“These factors present material headwinds for the remainder of the year,” FNB economist Jarred Sullivan said.

Mining production decreased three times more than expected — 7.5% year on year in February — after a 3.3% contraction in January, data from Statistics SA showed on Thursday.

This is the fourth consecutive contraction for the sector and the lowest level since March 2016. Economists polled by Bloomberg had expected a contraction of 2.5%.

Most sub-sectors reported lower production in February compared to a year earlier. The largest negative contributors were diamonds, down 48.3%; gold, down 20.6%; and iron ore, down 20.7%.

“With little prospect that the factors which are constraining the sector will alleviate meaningfully in the near term, the outlook for the mining sector in coming months remains dire,” NKC economist Elize Kruger said, warning that a double-digit quarterly decline seems certain for the sector, which could drag down overall growth in the first quarter of the year.

Compared to January, mining production decreased by 1.5% in February.

Stats SA reports that its mining production index, which was set to 100 points in 2015, was 81.0 in February, down from 84.7 in January 2019 and 87.6 in February 2018.

The total sales of SA’s mining industry in February came to R38.62bn, a fall from R41.65bn in January but an increase from R34.91bn in February 2018.

Stats SA shows coal is SA’s biggest revenue earner, with sales of R11.55bn in February followed by platinum group metals (PGMs) with total sales of R7.1bn, then iron ore at R5.3bn.

Meanwhile, manufacturing accelerated slightly in February but growth remains constrained by the re-emergence of load-shedding which has weighed on production volumes.

Manufacturing production grew by 0.6%, slightly above the Bloomberg consensus of 0.5%.

“The latest activity figures add to the evidence that growth in SA softened at the start of 2019. Conditions will probably pick up later in the year, but growth will remain tepid,” Capital Economics economist John Ashbourne said.

 

Source – Business Day Live

 

SARS DOWNTIME DUE TO UPGRADING OF IT SYSTEMS

Please take note that the South African Revenue Services will be migrating to a new electronic services hosting platform from the 12th of April to the 16th of April 2019.

It should be noted that during this period, exports from South Africa should expect delays.

While processing at customs border posts will still be possible during this period, in the event that there is a customs query attached – the file shall remain pending until the completion of the migration on 16 April 2019.

This will have a direct impact on all loads.

The Customs Electronic Data Interchange (EDI) gateway, which is the primary electronic channel used by Customs clients to communicate with SARS, will not be impacted.

PRICE NOTICE INCREASE!!!

Dear Valued Customers,

Please click on the following link for the latest price increase notice :

Price Increase Notice

Kind regards,

Ropa Mhlanga

Operations Director – Southern African Region

PRICE NOTICE INCREASE!!!

Dear Valued Customers,

Please click on the following link for the latest price increase notice :

Price Increase Notice

Kind regards,

Ropa Mhlanga

Operations Director – Southern African Region

LONG WEEKEND AHEAD!!!

Dear Valued Customer,

Abeyla Exports would like to inform you, that we will be closed for business on 9th and 10th August 2018 for Women’s Day in South Africa.

We will resume business on Monday the 13th August 2018.

Abeyla Exports wishes you and your family safe travels and a restful weekend.

Thank you for your continued support.

PRICE INCREASE NOTICE!!!

Dear Valued Customers,

Please click on the following link for the latest price increase notice :

Price Increase Notice

Kind regards,

Ropa Mhlanga

Operations Director – Southern African Region

PRICE INCREASE NOTICE!!!

Dear Valued Customers,

Please click on the following link for the latest price increase notice:

Price Increase Notice

Kind Regards,

Ropa Mhlanga

Operations Director – Southern African Region

Anglo takes down SA for sale sign, may even buy

London – Anglo American has raised the possibility that it could start buying assets in South Africa, the latest sign of how much has changed in two years, when the miner was focused on selling.

“We no longer have any for sale sign,” Norman Mbazima, deputy chair of Anglo American’s South African unit, said in an interview on Monday. “It is possible to invest in South Africa. We have got hope right now.”

After a collapse in commodity prices in 2015, the mining blue-chip talked about selling assets in South Africa, the home of its biggest diamond, iron ore and platinum mines. While the company sold some coal and platinum mines, that policy is now dead. Some of the mines are now cash cows for Anglo as commodity prices reach multi-year highs.

“We like everything that we are in right now,” he said. “If there are opportunities to expand in those, we would.”

The company said any purchases in South Africa would have to be competitive, and deliver the right return on investment. Still, the mood in South African mining is starting to change after Cyril Ramaphosa was elected to head the ruling African National Congress.

In Davos, Ramaphosa said urgent action is needed to resolve the impasse between government and business over South Africa’s mining charter.

Anglo’s commitment to South Africa will win support from its biggest shareholders. Billionaire mining executive Anil Agarwal called the country an integral part of Anglo. South Africa’s Public Investment Corporation, the second-biggest shareholder, has also long argued for the creation of a domestic mining champion.

“We have no intentions of spinning off Anglo Platinum to a localised company,” Mbazima said of the company’s platinum unit.

 

Source – Fin24