Reported about 8 hours ago
ArcelorMittal SA plans to shut down key steel plants in South Africa, threatening President Cyril Ramaphosa's vision for a $257 billion infrastructure expansion. The closures, caused by economic pressures and government policies, could jeopardize around 100,000 jobs and hinder vital projects needed to boost growth and employment. Key industries, including automotive, worry that these shutdowns will disrupt supply chains and increase costs, while the government works urgently to avert the crisis.
Source: YAHOO