Mittal's woes threaten South Africa's $257 billion infrastructure revival

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Mittal's woes threaten South Africa's $257 billion infrastructure revival - Business Standard

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Rand York Castings Ltd.

At a press briefing on Jan.17 following her first visit to AMSA’s Vanderbijlpark operation, Labor Minister Nomakhosazana Meth said the government was engaging with the company and that the situation was “urgent.” Sitting alongside her, AMSA CEO Verster said time was running out for a resolution.

Billionaire-backed ArcelorMittal SA’s plans to shut down a century-old steel mill in South Africa are holding President Cyril Ramaphosa’s dream of fostering a $257 billion infrastructure boom to ransom.