# The National Employers’ Association of South Africa says the steel sector is in sharp decline, signalling serious concerns for the economy. Over the past five years, the number of employers has fallen by 12-percent, while employment dropped by 23-percent, meaning110-thousand people lost work. NEASA’s Gerhard Papenfus blames high wages, government interference, high tariffs, crime, corruption, and poor infrastructure. Papenfus calls for decisive leadership to prevent further job losses and revive the sector.
NEASA warns steel sector decline signals broader economic crisis