ANC GOVERNMENT WANTS TO BUY AMSA

The IDC wants to acquire ArcelorMittal South Africa in a proposed R10 billion deal, taking responsibility for billions in debt and paying R3 billion in cash.

But what would this mean for South Africa’s steel industry?

In the enclosed episode of the Employers' Voice, Gerhard Papenfus, Chief Executive of NEASA, examines the risks of government ownership, protectionist trade measures, higher steel prices, and further damage to downstream manufacturing.

With 900 steel industry companies reportedly closing their doors in the past year and more than 100 000 downstream manufacturing jobs lost over five years, could another government intervention deepen the crisis?

Watch the latest episode of the Employers’ Voice now.