Govt wants ArcelorMittal to sell its Saldanha plant - rather than shut it down

2019-11-11 21:29

Trade and Industry Minister Ebrahim Patel wants ArcelorMittal to 'reverse' a decision to close a plant in Saldanha.

WATCH: ArcelorMittal warns European steel demand is going soft

2019-05-14 19:27

ArcelorMittal, the world's biggest steelmaker, says earnings took a hit as European steel demand and prices for the metal both fell.

Eskom promises not to rush ahead with nuclear

2017-11-28 07:00

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.

Industrial park emerges from Highveld

2017-11-12 07:09

Management upcycles giant steel plant to provide jobs and business space in new industrial park, writes Sizwe sama Yende.

Mittal comes under fire

2016-10-09 06:30

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 asks investors $3bn to endure steel rout

2016-02-05 10:30

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 asks SA for steel tariff protection

2015-07-12 21:30

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.

RECM’s Piet Viljoen: Making mistakes, current performance and how to be judged

2015-02-04 15:33

Piet Viljoen, Founder and chairperson of Recm spoke to Alec Hogg on CNBC Africa’s Power Lunch about his firm’s poor recent performance.


Unions: ArcelorMittal jobs bloodbath could be first of many

2019-07-12 16:04

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.

Nersa to only rule on Eskom tariff hike next week

2017-12-04 20:30

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: CPI related tariff hike will ruin us

2017-11-20 19:09

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.

Tribunal approves record R1.5bn ArcelorMittal fine

2016-11-17 16:28

The Competition Tribunal has approved ArcelorMittal’s settlement agreement with the Competition Commission of R1.5bn.

ArcelorMittal bets on steel protection as loss balloons

2016-02-12 09:16

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.

South Africa’s steel industry is on the ropes

2015-07-26 18:53

‘Bleeding’ ArcelorMittal ponders its future as it joins other role players feeling the heat of China’s oversupply

ArcelorMittal cuts forecast on iron ore gain

2015-05-07 10:46

ArcelorMittal cut its annual profit target as decade-low iron ore prices overwhelm a recovery in steel.

Nigeria races to curb Ebola in overcrowded Lagos

2014-08-13 13:14

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.

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