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Unions have voiced concern at the recent announcement by ArcelorMittal to slash 2 000 jobs, with Solidarity warning that the retrenchments may be the first of many to come.
A decision on Eskom's controversial tariff hike request will now only be made public next week, the National Energy Regulator of South Africa has announced.
Eskom has not backed down from its original request for a 19.9% increase, despite a flood of opposition as Nersa concluded its hearing on whether the state utility should be granted a steep tariff hike.
The Competition Tribunal has approved ArcelorMittal’s settlement agreement with the Competition Commission of R1.5bn.
ArcelorMittalSA expects SA to adopt tariffs as a safeguard against cheap imports as the steelmaker posted an annual loss that ballooned 23 times from a year earlier.
‘Bleeding’ ArcelorMittal ponders its future as it joins other role players feeling the heat of China’s oversupply
ArcelorMittal cut its annual profit target as decade-low iron ore prices overwhelm a recovery in steel.
When Patrick Sawyer collapsed at Lagos airport, he brought Ebola into a potentially ideal place for the deadly virus to spread, a vast, dirty, overcrowded city where tracing carriers is a major problem.
ArcelorMittal, the world's biggest steelmaker, says earnings took a hit as European steel demand and prices for the metal both fell.
Eskom has distanced itself from an apparent rushed attempt to invigorate South Africa’s nuclear programme, after it was halted by the Cape Town High Court earlier this year.
Management upcycles giant steel plant to provide jobs and business space in new industrial park, writes Sizwe sama Yende.
Economists this week questioned government’s decision to give ArcelorMittal SA tariff protection against foreign competitors after more than a decade of attempts to prosecute the steel giant for abusing its monopoly position.
ArcelorMittal plans to raise $3bn from investors and sell a $1bn stake in Spanish auto-parts maker Gestamp as the steelmaker looks to ride out an industry slump.
ArcelorMittal South Africa has asked the government to impose a 10% import duty on steel and in return it may offer shares to black empowerment partners, says a report.
Piet Viljoen, Founder and chairperson of Recm spoke to Alec Hogg on CNBC Africa’s Power Lunch about his firm’s poor recent performance.
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