South Africa, ArcelorMittal

ArcelorMittal's South African subsidiary to shut down long steel plants
JOHANNESBURG: ArcelorMittal South Africa Limited (AMSA), the local subsidiary of Indian-born British steel magnate Lakshmi Mittal, will cease operations at its long steel plants in the country, impacting over 3,
ArcelorMittal South Africa to Wind Down Long-Steel Products Business
Around 3,500 jobs will be affected after weak economic conditions, high costs and Chinese steel imports weighed on the company.
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ArcelorMittal South Africa to close plant, shares plummet
Steel producer ArcelorMittal South Africa's shares fell more than 15% on Monday after the company said it would proceed with the closure of its loss-making long steel business.
ArcelorMittal To Close S. African Steel Sites, Axe 3,500 Jobs
Multinational ArcelorMittal on Monday announced that it would close two South African steel manufacturing sites and a rail production plant, affecting some 3,500 jobs.
ArcelorMittal South Africa to shut down long steel production
Steel production at the facility is set to halt by the end of January 2025, with the closure of remaining operations planned in the first quarter (Q1).
ArcelorMittal South Africa to close Longs Steel business, job cuts expected
Steel producer ArcelorMittal South Africa said on Monday that it would proceed with the wind down of the Longs Steel business, which will be placed into care and maintenance subject to the consultation process.
ArcelorMittal South Africa to Close Long-Steel Works, Sees Loss
ArcelorMittal South Africa Ltd. will close its business that makes long-steel products, potentially affecting about 3,500 jobs.
South Africa’s manufacturing sector faces decline as 2024 ends on a low note
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How much money you would have if you invested R1,000 in We Buy Cars and other South African tech stocks
Two South African tech companies saw their share prices more than double in 2024, while another eight’s share prices ...
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How to safeguard your business operations against cybercrime
South Africa is a growing cybercrime hotspot on the African continent, with attacks on businesses becoming more common as well as increasingly sophisticated. Karen Rimmer, Head of Distribution at PSG ...
Navigating the tax implications for South African expats: Here's what you need to know
Expatriating involves critical financial considerations, particularly regarding one’s tax residency and obligations to the ...
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Company founded by South African rugby boss becomes technically insolvent
Labat Africa, founded in 1995 by former rugby boss Brian van Rooyen and Victor Labat, has become technically insolvent.