Numsa will fight to save jobs affected by closure of ArcelorMittal plants.

Loading player...
GUEST – Phakamile Hlubi Majola – NUMSA Spokesperson

The National Union of Metalworkers of South Africa (Numsa) is stepping up to fight the closure of ArcelorMittal South Africa’s long-steel plants, a move that could result in the loss of up to 3,500 jobs. Numsa has expressed deep concern over the potential impact
of these closures on workers, local communities, and the broader manufacturing and industrial sectors. The union is calling for urgent government intervention, as they believe that the closure of these plants would not only exacerbate the already high levels
of unemployment and inequality but also hinder the country’s industrialization efforts.
7 Jan 11AM English South Africa Business News · Investing

Other recent episodes

EKASINOMICS: Running a forensics investigations business in dangerous South Africa.

GUEST - Chad Thomas- Founder and forensic investigator at IRS Forensic Investigations IRS Forensic Investigations (“IRS”) is a private company whose members have received multiple awards. IRS members have received more awards from the security industry regulator and representative associations than any other registered private investigations company in South Africa.
5 Mar 11AM 10 min

Cashbuild says retailers are still under pressure despite rate cuts.

GUEST – Werner de Jager, CEO of Cashbuild Cashbuild, one of southern Africa’s largest retailers of quality building materials and associated products, selling direct to a predominantly cash-paying customer base through 318 stores, reported its results for the six months ended 29 December 2024 (“1H2025”). The improved results were delivered…
5 Mar 11AM 10 min

Curro increased its revenue by 8% to R5.1 billion.

GUEST – Cobus Loubser, Chief Executive Officer of Curro. Curro Holdings Limited today announced its financial results for the year ended 31 December 2024, demonstrating the resilience of its business model in a challenging economic environment. Curro continues to successfully balance its social mission of delivering excellence in education in…
5 Mar 11AM 10 min

OPINION: VAT and foreign policy are one.  

GUEST - Peter Attard Montalto - Managing Director and Global Lead for Capital Markets, Political Economy, and JET at Krutham The VAT question and US foreign policy question have something in common — they both involve pragmatism. The VAT debate has been fascinating because it is so multifaceted that several…
5 Mar 11AM 8 min