Latest News & Developments
idc
New hope for Newcastle as ArcelorMittal defers long steel business wind down
ArcelorMittal South Africa announces a six-month deferral of the wind down of its Long Steel Business, bringing hope to the Newcastle community and preserving thousands of jobs
ArcelorMittal South Africa defers long steel business wind down for six months
ArcelorMittal South Africa secures a six-month deferral for its Long Steel Business, promising job retention and urging governmental solutions to longstanding industry issues.
ArcelorMittal defers long steel plant closure with R1. 6bn State support
ArcelorMittal South Africa has secured a R1. 6 billion lifeline from the Industrial Development Corporation, postponing the closure of its struggling long steel operations until August. The bailout temporarily saves 3,500 jobs, but industry experts remain divided on whether this six-month reprieve will lead to long-term viability for the steelmaker
South African agribusiness confidence rises to a three-year high amid recovery
Agbiz's latest Agribusiness Confidence Index reveals a significant rise in optimism among South African agribusinesses, driven by favourable weather conditions and improved market dynamics
Mahindra South Africa partners with IDC to evaluate new vehicle assembly plant
Mahindra South Africa marks its 20th anniversary by signing a groundbreaking MoU with the Industrial Development Corporation to explore establishing a new vehicle assembly facility, potentially boosting local manufacturing and employment opportunities.