Dineo Faku

3 weeks ago | businesslive.co.za | Kgothatso Madisa |Dineo Faku

South Africa’s steel industry would lose a major slice of the domestic market for long steel products if the government allowed ArcelorMittal South Africa (Amsa) to close its Newcastle plant, says Parks Tau, the minister of trade, industry & competition. Tau said the R1.6bn cash injection for Amsa from the Industrial Development Corporation (IDC) had been approved not just to protect the 3,500 jobs at risk, but also to preserve the industry’s position in the local market. ..

3 weeks ago | timeslive.co.za | Kgothatso Madisa |Dineo Faku

‘This time it’s different’: Amsa CEO Kobus Verster says state’s R1.6bn offers chance to return long-steel business to profitability 06 April 2025 - 00:00 By KGOTHATSO MADISA and DINEO FAKU South Africa’s steel industry would lose a major slice of the domestic market for long steel products if the government allowed ArcelorMittal South Africa (Amsa) to close its Newcastle plant, says Parks Tau, the minister of trade, industry & competition. ..

1 month ago | sowetanlive.co.za | Dineo Faku |Moeletsi Mabe

Coal producer Exxaro Resources has named former Lonmin CEO Ben Magara as its new CEO. The group said Magara's appointment is effective April 1. He will succeed acting CEO Riaan Koppeschaar, who will continue in his role as FD. It said Magara's appointment as CEO designate followed an “expedited and targeted selection process”.