The remaining assets of Evraz Highveld Steel & Vanadium, once the second-largest SA steel producer before it went into business rescue four years ago after years of losses, will be acquired by Highveld Robusteel in a $105m (R1.65bn) deal that is set to boost economic activity in Witbank, Mpumalanga.

The $105m is made up of the asset acquisition, as well as the restart and upgrade of the plant, Robusteel said in a statement on Monday. It is a special purpose vehicle jointly held by black-owned Bonheur Ventures and Amplico Resource Management...

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