Announcement
01 Apr 2025
In April 2025, the Industrial Development Corporation of South Africa announced a ZAR 1.68 billion facility for ArcelorMittal South Africa's Long Steels business. The funding aims to defer the closure of the company's steel manufacturing operations.
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Number of interventions
2
2 certainly harmful
0 likely harmful
0 liberalising
List of interventions
Implementation date
01 Apr 2025
Revocation date:
No revocation date
Updated: 01 Apr 2025
Local labour incentive
In force
On 1 April 2025, the Industrial Development Corporation (IDC) of South Africa announced an agreement with ArcelorMittal South Africa to provide a ZAR 1.68 billion (USD 91.15 million) capital facili...
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Updated: 01 Apr 2025
Capital injection and equity stakes (including bailouts)
In force
On 1 April 2025, the Industrial Development Corporation (IDC) of South Africa announced an agreement with ArcelorMittal South Africa to provide a ZAR 1.68 billion (USD 91.15 million) capital facili...
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