ArcelorMittal takeover could make SA pay twice for its steel
The proposed IDC takeover of ArcelorMittal South Africa risks adding another loss-making business to the state’s portfolio. Before committing billions of rand in public money, the government must explain who will pay the price of another bailout.
By Wayne DuvenageSouth Africa
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The proposed IDC takeover of ArcelorMittal South Africa risks adding another loss-making business to the state’s portfolio. Before committing billions of rand in public money, the government must explain who will pay the price of another bailout.
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About this article
- Length
- 37 words · 1 min read
- Published
- November 12, 2026
- Byline
- Wayne Duvenage
- Source
- Daily Maverick