R1bn bailout mooted for ArcelorMittal SA
Department of trade, industry & competition and Treasury in urgent talks to stave off closure of long-steel plants and loss of thousands of jobs
26 January 2025 - 08:23
Intensive efforts are being made behind the scenes to forge a rescue package for ArcelorMittal South Africa’s (Amsa) threatened steel mills.
Business Times understands that trade, industry & competition minister Parks Tau and finance minister Enoch Godongwana have set up a team to draft a rescue package of up to R1bn...
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