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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.

  • Proposed takeover could make SA pay twice for loss-making Amsa
  • IDC offered R3-billion cash, assumed R7-billion Amsa debt
  • Import duties and trade protections could be passed to consumers

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