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Sector Education and Training Authority (SETA), is the vocational skills training organization in South Africa.As of March 2011, there has been 21 SETAs. Each SETA is responsible for managing and creating learnerships, [1] internships, unit-based skills programmes, and apprenticeships within its jurisdiction.
ArcelorMittal South Africa is part of the steel company Arcelor-Mittal. [ 1 ] [ 2 ] The company was originally Iscor Ltd. , a South African parastatal steel company. It was founded in 1928 and was first listed on the JSE Securities Exchange in 1989.
ArcelorMittal S.A. is a Luxembourg-based multinational steel manufacturing corporation headquartered in Luxembourg City. It is ranked second on the list of steel producers behind Baowu , and had an annual crude steel production of 78 million metric tonnes in 2023. [ 1 ]
Financially, ArcelorMittal South Africa expects to see a considerable decline in earnings for 2024. Revenue for the year is projected to fall by more than 5%, largely due to weak market conditions ...
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In 2004, it bought a majority stake in Iscor, renamed Mittal Steel South Africa. [6] In 2004, the company acquired Polskie Huty Stali, BH Steel, and certain Macedonian facilities from Balkan Steel. [4] In 2004, it merged with LNM Holdings and was renamed Mittal Steel. [4] [1] In January 2005, the company acquired Tadeusz Sendzimir Steelworks. [7]
Saldanha Steel was a South African steel company originally formed as a partnership between Iscor Limited and the Industrial Development Corporation (IDC). [1] Saldanha Steel is now part of ArcelorMittal South Africa, which in turn is part of global steel company ArcelorMittal .
[citation needed] The area straddles the Vaal River and is a major industrial region, which is home to former Iron and Steel Corporation Iscor, now ArcelorMittal South Africa, and Sasol, respectively the steel and petrochemical processing facilities. [3] [4]