Sale of Noluthando Gosa-linked ArcelorMittal SA to IDC stalls over valuation
ArcelorMittal SA, linked to businesswoman Noluthando Gosa, risks closure of its long steel division and 3,500 jobs as IDC sale talks falter over valuation.
Noluthando Gosa
South African businesswoman Noluthando Gosa-linked ArcelorMittal SA to lay off 3,500 workers
ArcelorMittal SA, linked to Noluthando Gosa, to close its long steel division, risking 3,500 jobs amid rising costs and weak demand.
Noluthando Gosa-linked ArcelorMittal SA faces crucial decision on South African mill
The Department of Trade, Industry, and Competition (DTIC) and the state-owned Industrial Development Corp. (IDC) are exploring options to keep the plant operational.
ArcelorMittal South Africa, linked to Noluthando Gosa, reports $52 million loss
ArcelorMittal SA posts $52 million H1 2025 loss as weak demand, lower prices, and rising debt weigh on margins despite IDC support and cost cuts.
ArcelorMittal SA, linked to Noluthando Gosa, accuses Transnet of market abuse
ArcelorMittal SA accuses Transnet of anti-competitive rail practices, citing delivery failures and rising tariffs that threaten its survival and job security.
Noluthando Gosa-linked ArcelorMittal SA pays Eskom $171 million for electricity
In 2024, ArcelorMittal SA paid Eskom $171 million for electricity as rising costs, weak demand, and imports pressured the steelmaker.
Noluthando Gosa-linked ArcelorMittal South Africa defers shutdown amid $91.6 million IDC facility
ArcelorMittal SA secures a $91.6 million IDC facility, delaying its Long Steel shutdown for six months as it navigates financial turmoil and explores long-term solutions.
South Africa’s IDC seeks control of ArcelorMittal SA, linked to Noluthando Gosa
ArcelorMittal SA, the country’s largest steel producer, has faced growing challenges from rising production costs, cheap imports, and unreliable rail services.
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.
South African gov’t engages ArcelorMittal SA, linked to Noluthando Gosa, to prevent steel plant closure
The discussions follow failed rescue efforts and mounting financial pressure on the company.
ArcelorMittal South Africa, tied to Noluthando Gosa, to end long steel production by April
After prolonged discussions with authorities, ArcelorMittal SA said it had no choice but to move forward with the shutdown.
Noluthando Gosa-linked ArcelorMittal to halt steel operations amid $53.5 million rescue talks
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 wind down Longs steel division, impacting 3,500 jobs
ArcelorMittal South Africa to close longs steel unit, impacting 3,500 jobs amid rising imports and high costs.
ArcelorMittal SA rejects $1-billion acquisition bid from Networth Investments
The rejected offer aimed to secure a controlling stake in the company, with ArcelorMittal reaffirming its commitment to operational independence amid ongoing ownership discussions.
