
Noluthando Gosa-linked ArcelorMittal South Africa seeks $170 million cash rescue
ArcelorMittal SA seeks a $170 million bailout to prevent steel mill closures, risking 3,500 jobs amid high costs, imports, and stalled government talks.
ArcelorMittal SA seeks a $170 million bailout to prevent steel mill closures, risking 3,500 jobs amid high costs, imports, and stalled government talks.
After prolonged discussions with authorities, ArcelorMittal SA said it had no choice but to move forward with the shutdown.
This decision comes just 25 days after the company announced plans to wind down its Longs steel division, fueling speculation about government intervention.
ArcelorMittal South Africa to close longs steel unit, impacting 3,500 jobs amid rising imports and high costs.
Gosa derives most of her fortune from a well-diversified investment portfolio, including a 6.15-percent stake in the Gauteng-based steelmaker.
ArcelorMittal South Africa is a Gauteng-based steelmaker partly owned by Gosa.
Gosa derives the majority of her fortune from a well-diversified investment portfolio, including a 6.15-percent stake in the Gauteng-based steelmaker.
Gosa holds a 6.15-percent stake in ArcelorMittal South Africa, the South African unit of Luxembourgish steel maker ArcelorMittal.
Gosa holds a 6.15-percent stake in Gauteng-based steelmaker, ArcelorMittal South Africa.
Gosa owns a 6.15-percent stake in ArcelorMittal South Africa.
Gosa owns a 6.15-percent stake in ArcelorMittal South Africa.
Gosa has a beneficial 6.15-percent stake in the Gauteng-based steelmaker.