Kaya 959 Kaya Biz

Impact of ArcelorMittal South Africa imminent closure on SA’s steel business sector

Loading player...
GUEST – Neels van Niekerk – CEO of International Steel Fabricators of South Africa

Over 20 industry associations, including three scrap recycling associations, and industry experts came together in a crisis summit in Johannesburg on 17 January 2024 to determine an urgent plan of action to prevent the imminent closure of the AMSA plants. The industries represented at the summit included construction, automotive, mining, electro-technical, electricity transmission, aero and defence, rail, wire, fasteners, concrete reinforcing, cladding and roofing, and rail, most of them dependent on AMSA as the only local producer capable of supplying the bulk of their required long product steel input
24 Jan 2024 3PM English South Africa Business News · Investing

Other recent episodes

Bitcoin at the Fed’s Crossroads

Bitcoin briefly touched a 12‑week high before pulling back—but with spot ETFs seeing some of their strongest inflows of the cycle, the market is shifting fast. Rob Price, CIO of Sound Money Capital, explains whether Bitcoin is still trading like a high‑beta macro asset or evolving into true sound money.
27 Apr 1PM 17 min

Oil’s Hidden Risks & Gold’s War Paradox

Oil is stuck near $90–95, but portfolio manager John Hasslet says the market is being held up by physical bottlenecks, not real fundamentals. He also unpacks why gold is falling during a major war and how inflation expectations are overpowering safe‑haven demand.
27 Apr 1PM 13 min

BofA Slashes SA Growth Forecast as Inflation Surges

Bank of America has cut South Africa’s 2026 GDP growth forecast to 1.3%, warning that higher oil and fertilizer prices will keep inflation above 4% for most of the year. Economist Tatonga Rusike explains
23 Apr 3PM 11 min

Understanding SA’s First Wealth Score

Franc unveils South Africa’s first-ever Wealth Score, revealing that financial habits—not income—are the strongest predictor of financial health. We unpack why SA’s national score is 45/100 and the behavior gap between knowing and doing with Dr. Thomas Brennan, founder and CEO of Franc.
23 Apr 3PM 13 min
All episodes