nvm
13.1K posts

nvm
@ribsreb
trying to quit this app. she/her

Winnie Khumalo has passed away at the age of 51.



Steel producer, ArcelorMittal South Africa has announced it will be retrenching thousands of workers in its longs steel business. The retrenchment process was initially announced in November 2023, but was halted after support from government and other stakeholders such as Transnet. #eNCA #NewsLink #DStv403

Perfect test case for nationalisation, methinks.

3,500 JOBS AT RISK ArcelorMittal South Africa (AMSA) will shut down its long steel business, centred around the Newcastle mill, leading to up to 3,500 job losses. AMSA cited unsustainable energy and logistics costs, cheap steel imports (especially from China), and government inaction despite calls for policy support. The wind-down will affect all long steel plants, including Newcastle Works and Vereeniging Works. Steel production will end by January 2025, with full closure by March 2025. AMSA expects R2.7-billion in asset impairment and retrenchment costs, worsening its projected annual losses. AMSA’s revenue is forecast to drop 5% in 2024. (Pictured—Kobus Verster, CEO of ArcelorMittal South Africa)








Don't miss Wallander make its debut on the screens and streets of Mzansi with SA’s very own Bonnie Mbuli. 🇿🇦💥 #Wallander #BonnieMbuli #KurtWallander #Detective #Mystery



(1/5) Judgment on Friday, 20 December 2024: The Constitutional Court declared the City of Cape Town’s (City) implementation of the National Housing Programme as unconstitutional;





