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ArcelorMittal South Africa, a unit of steel manufacturing company ArcelorMittal (NYSE:MT) has made a major restructuring decision to wind down its Longs Business, having significant consequences ...
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.
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In August 2024, ArcelorMittal acquired a 27.5% interest in Vallourec, a producer of seamless steel tubes, from funds managed by Apollo Global Management for €955 million. [63] [64] In 2025, the company's South Africa division ended production of long steel products due to high logistic and energy costs. [65]
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 .
News24 (website) - Naspers owned flagship news source, variable quality of information and pro-Naspers bias, tabloid, best to check information. Eye Witness News - similar problems to News24, tabloid, can be unreliable at times but mostly reliable. Best to double check information.
Iscor – Now known as ArcelorMittal South Africa, the company was privatised in 1989. Telkom – Gradually privatised starting with the IPO in 2003. The government currently holds 39%, and is planning on selling its entire stake.
News24 is an English-language South African news website created in October 1998 by the multinational media company, Naspers. Its team of approximately 100 journalists, [ 1 ] led by editor-in-chief Adriaan Basson, is based in Cape Town , Johannesburg , Pretoria , Durban and Gqeberha .