Steel Authority of India (SAIL) plans to build a steel plant in South Africa as part of a USD 12bn expansion program, the Hindu Business Line reported. The company plans to set up four overseas units with a capacity of 3mn tons each, SAIL chairman, C.S. Verma, was quoted as saying. The plants are likely to be located in Mongolia, South Africa, Oman and Indonesia, where SAIL is in talks already, the newspaper said. State-run SAIL is the largest integrated iron and steel producer in India. |
South African company Exxaro Resources said one of the options it currently considers is dismissing striking coal mine workers who fail to return to work in the week of March 25, fin24 reported ... more
South Africas telecommunication operator Telkom said that it has not made a decision on retrenching 13,000 employees, or more than half of its staff, TechCentral reported quoting a company ... more
Oryx Energies, a major independent provider of oil and gas products and services in Africa, has agreed to buy the South African liquefied petroleum gas (LPG) distribution businesses of BP and ... more