Streaming issues? Report here
Africa Melane June 2020 Africa Melane June 2020
Early Breakfast with Africa Melane
04:00 - 06:00
volume_up
volume_mute

Up Next: Breakfast with Bongani Bingwa
See full line-up
Early Breakfast with Africa Melane
04:00 - 06:00
Home
arrow_forward
Business
fiber_manual_record
Politics

W Cape govt still hopes to avert ArcellorMittal closure in Saldanha Bay

12 November 2019 8:13 AM
Tags:
Economy
Jobs
Saldanha Bay
ArcellorMittal
retrenchement

Western Cape Provincial Minister of Finance and Economic Opportunities David Maynier outlines options being proposed.

The wold's biggest Steel Producer AcrelorMittal announced that it will be closing its Saldanha Bay operations.

The company says that due to the sluggish economy and a drop in orders due to the Dollar Rand Exchange rate, it no longer makes business sense to keep the operations running.

RELATED: About 400 jobs to be lost when ArcelorMittal closes Saldanha steel plant - mayor

Western Cape Provincial Minister of Finance and Economic Opportunities David Maynier talks to Refilwe Moloto about how they hope to avert job losses.

Maynier says the provincial and national government have been in talks with the company since mid-year when news of a possible shutdown emerged.

We are obviously devastated that the company announced yesterday that the plant would be put into a state of maintenance and care because that could affect up to 500 direct jobs, and 1000 contractor jobs at the Saldanha Bay plant.

David Maynier, Minister of Finance and Economic Opportunities - Western Cape government

He says Minister of Trade and Indstry, Ebrahim Patel has pushed back.

We have to try and work on trying to explore other options.

David Maynier, Minister of Finance and Economic Opportunities - Western Cape government

Patel has developed a support package.

Firstly, reducing regulated prices in particular electricity and freight, but Maynier says it does not seem to have been sufficient.

A second proposal is to enter into talks with the company to consider selling the plant to a competitor.

Whether this is successful only time will tell, but this is not the end of the road.

David Maynier, Minister of Finance and Economic Opportunities - Western Cape government

Listen to the interview below:


This article first appeared on CapeTalk : W Cape govt still hopes to avert ArcellorMittal closure in Saldanha Bay


12 November 2019 8:13 AM
Tags:
Economy
Jobs
Saldanha Bay
ArcellorMittal
retrenchement

Recommended

More from Business

160520DineoMoeketsi.jpg

'I spend extravagantly on shoes. I have various pairs of Christian Louboutin'

13 July 2020 8:15 PM

Arabile Gumede interviews actress Dineo Moeketsi (Langa) about her attitude to money and beliefs about it.

Share this:
Read More arrow_forward

foschinijpg

Foschini offers to buy Jet from Edcon

13 July 2020 7:34 PM

The Foschini Group is offering to buy 371 JET stores. The Money Show's Bruce Whitfield interviews portfolio manager Evan Walker.

Share this:
Read More arrow_forward

Quantitative easing printing money 123rfbusiness 123rf

Why South Africa – much like Zimbabwe - can’t print money to pay for Covid-19

13 July 2020 7:10 PM

Why "quantitative easing" can’t work in South Africa, according to Nazmeera Moola (Head of SA Investments at Ninety One).

Share this:
Read More arrow_forward

Red wine white woman female funny reaction 123rf 123rflifestyle

'Few restaurants will now survive without selling alcohol. We were blindsided'

13 July 2020 6:33 PM

Bruce Whitfield interviews reps from the Restaurant Association Of SA, Business Unity SA and the National Liquor Traders Council.

Share this:
Read More arrow_forward

ramaphosa-imbizojpg

Liquor trade council writes to Ramaphosa to ensure sale of liquor continues

12 July 2020 5:13 PM

Concerns have been raised over the impact of booze on trauma admissions since the ban on sales was lifted in June.

Share this:
Read More arrow_forward

Restaurant with spaced table for Covid-19 social distancing

Load shedding yet another blow for struggling SA businesses

11 July 2020 2:19 PM

Eskom is implementing stage two load shedding for a second day, while technicians work to bring generating units back online.

Share this:
Read More arrow_forward

Darkness, no electricity, load shedding

Loadshedding to be implemented from Friday - Eskom COO

10 July 2020 11:03 AM

More generating units have broken down, resulting in the utility battling to meet the high demand for electricity.

Share this:
Read More arrow_forward

wifi-internet-data-broadband-cell-phone-mobile-device-network-providers-123rf

Small Business Focus: How to get your marketing right in a shrinking media world

9 July 2020 8:38 PM

Pavlo Phitidis says focus must be on the customer group you are trying to reach. You've got to get your demographics right.

Share this:
Read More arrow_forward

broken-heart-broke-money-coins-finances-love-relationship-divorce-break-up-123rf

Personal Finance Feature: Julia - The super saver

9 July 2020 8:02 PM

Though leaving corporate to venture into tourism has been a big test of resilience, she is still happy with her decision.

Share this:
Read More arrow_forward

180710sactwu-strikejpg

SA is becoming a country of old people. Median age has risen from 23 to 27

9 July 2020 7:30 PM

Lumkile Mondi says skills and knowledge that have driven a lot of the growth in the past are going to be undermined.

Share this:
Read More arrow_forward

More from Politics

Red wine white woman female funny reaction 123rf 123rflifestyle

'Few restaurants will now survive without selling alcohol. We were blindsided'

13 July 2020 6:33 PM

Bruce Whitfield interviews reps from the Restaurant Association Of SA, Business Unity SA and the National Liquor Traders Council.

Share this:
Read More arrow_forward

liquor-store-sales-wine-champagne-mmc-brut-bubbly-alcohol-booze-drinking-123rf

Liquor traders association aggrieved by sudden ban on sale of alcohol

13 July 2020 11:16 AM

Liquor Traders Association of SA's Sean Robinson and Gauteng Liquor Forum's Fanny Mokoena reflect on liquor ban.

Share this:
Read More arrow_forward

cooler-box-beer-booze-alcohol-liquor-transportation-car- drunk-driving-123rf

'Regulations need to focus on spaces where risk of transmission is high'

13 July 2020 9:00 AM

Wits School of Governance's professor Alex van den Heever unpacks the latest restriction by the President Cyril Ramaphosa.

Share this:
Read More arrow_forward

ramaphosa3jpg

Ramaphosa reinstates ban on alcohol, COVID-19 death toll surpasses 4,000

12 July 2020 10:30 PM

President Cyril Ramaphosa said on Sunday he was concerned that South Africans were downplaying the seriousness of the pandemic.

Share this:
Read More arrow_forward

Cyril Ramaphosa

(WATCH LIVE] President Cyril Ramaphosa addresses the nation at 8pm

12 July 2020 7:53 PM

Ramaphosa addresses the nation this evening on developments in SA's risk-adjusted strategy to manage the spread of COVID-19.

Share this:
Read More arrow_forward

scootersjpg

'EC scooters were procured to allow transportation of meds by health workers'

10 July 2020 12:07 PM

Provincial health department head Dr Thobile Mbengashe is adamant that these scooters were never meant to be ambulances.

Share this:
Read More arrow_forward

scootersjpg

EC tender was for 100 clinics, not ambulances - Fabkomp director

10 July 2020 7:34 AM

The company that got the R10 million tender's Brian Harmse sheds light on the controversial project.

Share this:
Read More arrow_forward

190124 Phil Masinga4

For anyone to write me off politically at this moment is ill-advised - Gigaba

9 July 2020 11:50 AM

Clement Manyathela chats with former minister Malusi Gigaba in a new feature called #HangingOutwithClement.

Share this:
Read More arrow_forward

123rf A pile of two hundred rand notes, South African currency money

'It is critical that South Africa brings its public debt under control'

9 July 2020 8:07 AM

RMB CEO James Formby says if the country doesnt control its debt, it will find itself in an economic quagmire.

Share this:
Read More arrow_forward

200707truckdriversgif

Truck drivers continue with protest despite union's plea for the strike to end

8 July 2020 1:57 PM

All Truck Drivers Foundation Gauteng secretary Mandla Mngomezulu says the union condemn any violence that is brought by protest.

Share this:
Read More arrow_forward