Amsa, IDC reopen deal talks with non-binding offer for mills
Talks fell apart late last year when ArcelorMittal didn’t accept an offer of about R8.5bn, which would have included repayment of R7bn in debt to the parent company.
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78-year-old South African company faces R8.5 billion state takeover
State-owned development finance institution, the IDC, is reportedly working with financial advisers on a possible bid for control of ArcelorMittal SA’s business in the country.
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The ‘woman of steel’ who took corporate South Africa by storm and now watches over its biggest bank
Nonkululeko Nyembezi is the current chair of Standard Bank, bringing with her four decades of experience across industries.
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Nersa approves cheaper electricity for Amsa
But Eskom warns other consumers will pay for it.