An ArcelorMittal furnace in South Africa Photographer: Gianluigi Guerci/AFP/Getty Images
SA Investing
Stalling SA economy sees job cuts at downsizing Ford, Glencore, ArcelorMittal
Rising costs, tariffs, and infrastructure woes deepen industrial decline.
Key topics:
Major firms plan job cuts, worsening South Africa’s unemployment crisis.
High costs, tariffs, and weak infrastructure hit industrial competitiveness.
Unions blame government policies for industrial decline and layoffs.
Sign up for your early morning brew of the BizNews Insider to keep you up to speed with the content that matters. The newsletter will land in your inbox at 5:30am weekdays. Register here.
Support South Africa’s bastion of independent journalism, offering balanced insights on investments, business, and the political economy, by joining BizNews Premium. Register here.
If you prefer WhatsApp for updates, sign up to the BizNews channel here.
By Alexander Parker