About 900 workers are expected to be affected by the shutdown of operations at ArcelorMittal, Saldanha.
Western Cape Finance and Economic Opportunities Minister David Maynier says the decision to shut down some of the operations at ArcelorMittal in Saldanha, will be a huge blow to the regional economy of Saldanha Bay. Maynier says this is happening despite cost cutting measures like the municipality providing lower water tariffs and national government reducing electricity and freight costs since the mid-year announcement of possible restructuring.Maynier has described the news as devastating for the province.
“We have been in regular contact with the Minister of Trade and Industry Ebrahim Patel since the mid-year announcement of a possible restructuring of the company, to try and prevent the closure of the steel works pant in Saldanha.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
South Africa South Africa Latest News, South Africa South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
WATCH: Africa Investment Forum - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.The focus of the international investor community will be on the rest of Africa with the hosting of the second Africa Investment Forum this week. Forget Forum. Rugby
Source: SABC News Online - 🏆 32. / 51 Read more »
WATCH: Africa Investment Forum - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.The focus of the international investor community will be on the rest of Africa with the hosting of the second Africa Investment Forum this week. Forget Forum. Rugby
Source: SABC News Online - 🏆 32. / 51 Read more »
Tshwane water woes continues - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.Tshwane water woes continues The City of Tshwane’s water woes continue. Thousands of residents in various parts in and around the city are still frustrated with on-going water shortages. Where's the DA?
Source: SABC News Online - 🏆 32. / 51 Read more »
Western Cape welcomes Boks - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.Western Cape welcomes Boks Cape Town International Airport is a hive of activity and excitement as the of the World Champion Springboks arrived for their trophy parade. That guy on the right seems to try a muscle in on every picture who is that loser? Congrats to the rugby team they really made south africa proud Explain what's happening with that coach finger on Siya's ear 😟
Source: SABC News Online - 🏆 32. / 51 Read more »
Business veteran Allan Gray dead at 81South African business magnate and founder of the eponymous asset manager, Allan Gray (81), has died. sadd all the money but we all have to leave some day Jika_Uthi So long Pretty Percy, we know life has no mercy, Trascient as bubblegum or an ice-cream or an apple tart. All has an ending that once had a start. 😧💔
Source: eNCA - 🏆 49. / 51 Read more »