ArcelorMittal SA to stop steel production in Newcastle, Vereeniging

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  • Опубликовано: 7 янв 2025

Комментарии • 136

  • @user-ez9en7vk2z
    @user-ez9en7vk2z 13 часов назад +8

    The africanisation process of Mzansi is nearly complete.
    To run a country a government needs to manage all the interconnected links to create a space where companies can thrive, add value and generate income for both themselves and the country.
    Things like macro economic policies, stable eleticity& rail etc.
    The buffoons in charge treat SA like a spaza shop

  • @randirsingh995
    @randirsingh995 20 часов назад +9

    And the ripple effect that will fillow will be more then 3500 unemployed 😩

    • @FinancialConsultdotcodotza
      @FinancialConsultdotcodotza 10 часов назад

      Try 100 000

    • @Palmstreet-u7x
      @Palmstreet-u7x 2 часа назад

      But the owner of Mittal could pay around 60 million dollars for his daughter wedding in Paris few years ago but can't pay his workers

  • @RianRian-em2ng
    @RianRian-em2ng День назад +18

    Thx ANC good job

    • @GlenroseMakgorogo
      @GlenroseMakgorogo 16 часов назад +4

      ANC's good story to tell

    • @m.x.refrigxolani8365
      @m.x.refrigxolani8365 11 часов назад +1

      113 years of turmoil.

    • @Palmstreet-u7x
      @Palmstreet-u7x 2 часа назад

      But just remember Vekor Iscor wax owned by the apartheid regime government, when ANC cadres took over they sold it to the Indian guy who paid 60 million dollars for his daughter wedding years ago but he can't pay his workers

  • @RianRian-em2ng
    @RianRian-em2ng День назад +11

    I did my apprentice at ISCOR what a company it was mis them

    • @Palmstreet-u7x
      @Palmstreet-u7x 2 часа назад +1

      I started my boilermaker apprentice at Vekor Vanderbijlpark in January 76 😂😂😂
      Was a massive place

  • @RianRian-em2ng
    @RianRian-em2ng День назад +7

    The problem is if you shut the ovens of its of it takes time to restard them

    • @sizwentshangase4430
      @sizwentshangase4430 23 часа назад +2

      Coke Ovens are VERY EXPENSIVE to restart, I unfortunately work there 🤦🏾‍♂️

    • @Palmstreet-u7x
      @Palmstreet-u7x 2 часа назад

      It is biggest reason why

  • @avumilemshosho2902
    @avumilemshosho2902 5 часов назад +3

    Black people are suffering by a choice, how can we be voting for ANC still today?

  • @nelsonchinasamy9857
    @nelsonchinasamy9857 18 часов назад +6

    It's a great loss to the workers and Newcastle. These workers got paid well but always demanding more and more through NUMSA. They should now go to NUMSA and demand jobs. I have been through it and know. The union leaders will come a few times to talk and give the workers false hopes. Then they will disappear never to be seen again.

    • @GlenroseMakgorogo
      @GlenroseMakgorogo 16 часов назад +1

      Wow 😮

    • @GlenroseMakgorogo
      @GlenroseMakgorogo 16 часов назад +1

      You could see the NUMSA leader doesn't even have teeth

    • @FinancialConsultdotcodotza
      @FinancialConsultdotcodotza 9 часов назад +1

      Same promises made by previous union leader who is now a President

    • @Suv33rRamlal
      @Suv33rRamlal 8 часов назад

      NUMSA are sell outs 🤮

    • @sthembisovilakazi7764
      @sthembisovilakazi7764 2 часа назад

      Your talking nonsense ArcelorMittal has limited permanent employees at key positions the rest is contract workers.

  • @Macedonia270
    @Macedonia270 23 часа назад +13

    Things in South Africa is going to get much, much worse before it gets...even worse than that....BBBEE afraid...BBBEE very, very afraid....

  • @Ginger4789
    @Ginger4789 22 часа назад +8

    Everything built by previous government NP is being destroyed 😢😢😢😢😢it’s called Africanisation 😢😢😢😢

    • @mohaumaboe781
      @mohaumaboe781 22 часа назад +1

      ArcelorMittal is a private company

    • @khaltsharivist365
      @khaltsharivist365 21 час назад +1

      You talking out of your ginge. ArcelorMittal is an Indian company run from the tax haven of Luxembourg. There is low domestic & global demand and in the lean times they want corporate welfare. In the good times when they are making profits they don’t want to pay tax.

    • @jvdm9317
      @jvdm9317 17 часов назад +2

      @@khaltsharivist365 Yes but then they also create jobs in order keep up with the demand and pay more tax which you benefit from. Talking from your ginge too.

    • @GlenroseMakgorogo
      @GlenroseMakgorogo 16 часов назад

      N boer maak n plan
      N zwart mors

    • @Neo_Rain146
      @Neo_Rain146 13 часов назад +1

      @@mohaumaboe781Which is trying to operate in a national disaster area. Namely South Africa

  • @Vasbyt6540
    @Vasbyt6540 23 часа назад +14

    And those 3500 people losing their jobs probably voted anc😂😂😂

    • @mtetelelimrwetyana2002
      @mtetelelimrwetyana2002 22 часа назад +4

      Yes

    • @Neo_Rain146
      @Neo_Rain146 13 часов назад

      In case you haven’t noticed it’s the DA keeping the ANC in power. Time to catch up

    • @Palmstreet-u7x
      @Palmstreet-u7x 2 часа назад

      Of course.
      There is basically only black people working there

    • @sthembisovilakazi7764
      @sthembisovilakazi7764 2 часа назад

      You have ANC for brains white Afrikaans, indians and coloured will also lose jobs. This company employes a lot of people from all races in Newcatle. Your sick to get joy in people losing their jobs.

    • @Palmstreet-u7x
      @Palmstreet-u7x 2 часа назад

      @sthembisovilakazi7764 you are wrong
      There is hardly any white Afrikaans people working at Mittal
      When affirmative action was brought in those white men were either fired or given golden handshake 🤝😆.

  • @ProcaviaCapensis-ts8ub
    @ProcaviaCapensis-ts8ub 4 часа назад +1

    Imagine how much Iscor would have cost the taxpayer if it had not been privatised.
    SAA is a small company compared to Iscor yet it has bled us dry.

    • @Palmstreet-u7x
      @Palmstreet-u7x 2 часа назад

      Yes people are forgetting this, but just remember other way around it is the ANC cadres fault for allowing steel produced in China to be imported, China manufacturers steel cheaper than what Mittal can do it because of the south African unions demand high salary,
      Steel from China is much cheaper

  • @Tizza.21
    @Tizza.21 18 часов назад +3

    In the early 2000s, Iscor was sold by Thabo Mbeki’s government as his administration sought to run a tight ship and right the country’s finances.
    In December 2004, Ispat International acquired LNM, the parent company of Ispat Iscor. After the acquisition, the merged company’s name was changed to Mittal Steel Company.

    • @jvdm9317
      @jvdm9317 17 часов назад +2

      You fail to mention that the company lost more than R 2 billion per year. The taxpayers would now have had to take that loss from our pockets. Instead, the private sector took that loss. Please consider all the facts.

    • @Palmstreet-u7x
      @Palmstreet-u7x 2 часа назад

      ​@@jvdm9317yes 💯
      But the original owner of Mittal that Indian guy could pay 60 million dollars for his daughter wedding, 😢😢😢😢
      He flew every guest to Paris and paid for everything
      Everything you mention is true,

  • @pulanala1421
    @pulanala1421 22 часа назад +7

    ANC killed ISCOR 🥺

    • @zuzanidumile8984
      @zuzanidumile8984 21 час назад +2

      In the blink of an eye 😢

    • @preciousisiguzo2052
      @preciousisiguzo2052 18 часов назад +2

      I want us to learn a lesson

    • @gracefully_favored706
      @gracefully_favored706 17 часов назад +1

      It’s a private company, what kind of stupid people are you? You are being manipulated stupid.

    • @Palmstreet-u7x
      @Palmstreet-u7x 2 часа назад

      Not really
      China started exporting steel to South Africa much cheaper than what Mittal could produce it for, but it is because of ANC party support China that they allowed China to export steel to South Africa, iron ore is exported to China now ,but China sends that same steel to South Africa much cheaper

  • @SpeedDemon09142
    @SpeedDemon09142 23 часа назад +6

    lol and Ramhapoesa just say recently !! He is going to create 1 millions jobs but like we all now he means ?? 1 millions people going to lose they jobs

  • @Fres-no
    @Fres-no 23 часа назад +6

    He knows nothing.....just loud politicians

  • @LukeFerreira-g6e
    @LukeFerreira-g6e Час назад

    Well done ramapsa we can see you are doing so well....our economy is GROWING So well that everyone is losing their job......that's the A.N.C for you...

  • @nomalangamanzini9242
    @nomalangamanzini9242 22 часа назад +7

    Anc is really destroying ds country's economy

    • @MichaelVumile-jb3lb
      @MichaelVumile-jb3lb 22 часа назад +3

      Yes state capture and the Guptas are too blame.

    • @tristanmay4948
      @tristanmay4948 16 часов назад

      Accelor Mittal is a private company fool.

    • @GlenroseMakgorogo
      @GlenroseMakgorogo 16 часов назад

      If MK given a chance, then the country would collapse within 24 months

    • @m.x.refrigxolani8365
      @m.x.refrigxolani8365 10 часов назад

      I see your profile picture, so you think your ones will do a better job???
      What a shame!!😢

    • @Steve-by4uf
      @Steve-by4uf 9 часов назад

      with a profile picture like that you should keep quiet about the economy.

  • @innocentmolefe5150
    @innocentmolefe5150 День назад +3

    GS what must be done to save Mittal and SA Steel Mill in Meyerton..
    SA STEEL workers has been on strike from May 2024 till today.. atleast 500 Numsa members has lost their job.

    • @kateturner1849
      @kateturner1849 22 часа назад

      BBBEEEE without training and BBBBEEE that are lazy and untrained. We will also leave shortly. Black people MUST be equal but the ANC tender theft, constant strikes and demaaaands for more money for less work is death to this country. While the ANC corruption never ends. Yes apartheid was hell. But shoving people into jobs who have no training, the rubbish white people giving useless SETA training, the laziness of the people, the Unions - all this nonsense is killing the country. 😮As for Cyril Ramaphosa's "one Africa" and bringing China here will never, ever help South Africa. 🤷‍♀️ Just plain facts.

  • @KermitGTT
    @KermitGTT 22 часа назад +6

    How is that BBBEE working for you?🤣🤣🤣🤣🤣🤣 Maybe add a few more race laws onto the existing 140+ already on the books.

    • @Palmstreet-u7x
      @Palmstreet-u7x 2 часа назад

      Only reason why Mittal can not make profit is because steel from China is imported cheaper than what Mittal can produce it for,

  • @Juan_van_Eeden977
    @Juan_van_Eeden977 22 часа назад +3

    35% unemployment rate.

  • @MichaelVumile-jb3lb
    @MichaelVumile-jb3lb 22 часа назад +1

    .
    Government must take over the operations.

    • @Br0nzeBar0n
      @Br0nzeBar0n 20 часов назад +2

      Like all the other SOEs 😅

    • @GlenroseMakgorogo
      @GlenroseMakgorogo 16 часов назад

      Your government cannot even manage a street

    • @aumsewparsadh7169
      @aumsewparsadh7169 6 часов назад

      Hey ONLY GNU to control

    • @Ummo2850
      @Ummo2850 4 часа назад

      🤡🤡🤡🤡😆😆😆😆

    • @Palmstreet-u7x
      @Palmstreet-u7x 2 часа назад

      But the apartheid regime year's it was owned by government
      Just remember until few years ago Iscor Vekor was a government soe, Mbeki sold it to the Indian guy, Mbeki sold it to him because Iscor Vekor was running at a loss, because China was manufacturing steel cheaper than what Iscor Vekor could, Chine started exporting steel to South Africa at a much cheaper price than what Mittal could produce,

  • @asotpan
    @asotpan 10 часов назад

    This is a great opportunity for South Africans to rise to the challenge of reinventing it's own steel industry. South Africa has some of the most innovative minds in the world and it will give them a chance to rebuild a new home owned "Iscor". It will create a huge number of new jobs not only in "NewIscor" but in all the periferal industries that will supply it.

    • @FinancialConsultdotcodotza
      @FinancialConsultdotcodotza 9 часов назад

      😅

    • @ProcaviaCapensis-ts8ub
      @ProcaviaCapensis-ts8ub 4 часа назад +1

      How will it run at a profit ?

    • @Palmstreet-u7x
      @Palmstreet-u7x 2 часа назад

      It's impossible to run Mittal at s profit
      Just remember Iscor Vekor was owned by the apartheid regime government, they started Iscor Vekor, then during Mbeki being president he sold it to the present owner of Mittal,he's a born Indian
      Then ANC cadres allowed cheaper priced steel from China to be imported, this killed the South African steel industry, China manufacturers steel cheaper than what Mittal can,

  • @SibonisoAyanda-w7h
    @SibonisoAyanda-w7h 8 часов назад +1

    That what you get when you voted for ANC 😅

  • @VJ592
    @VJ592 8 часов назад

    South Africa formula for success demand more and deliver less.
    Thats privilege.

  • @musicandsoundsforrelaxation
    @musicandsoundsforrelaxation 23 часа назад +6

    Google Sweden currently levies a corporate income tax of 20.6 per cent.
    Google EU average business taxes 21%.
    South Africa's business taxes haven't been lowered along with those of international countries. SA's high business taxes and Socialism destroyed ArcelorMittal steel.

    • @m.x.refrigxolani8365
      @m.x.refrigxolani8365 10 часов назад +1

      Yessss!!!

    • @Palmstreet-u7x
      @Palmstreet-u7x 2 часа назад

      Steel from China is imported cheaper than what Mittal can produce it for, this is biggest reason why,and the high salaries Mittal must pay
      This is why Mittal want to close down

  • @Ginger4789
    @Ginger4789 22 часа назад +5

    They will still vote ANC or now being in Newcastle it will be MK party even worse 😢😢😢😢😢😢

  • @Palmstreet-u7x
    @Palmstreet-u7x 2 часа назад

    But the owner of alcormittal could pay 69 million dollars for his daughter wedding years ago but can't pay his workers 😢😢😢😢

  • @precophox
    @precophox 23 часа назад +4

    cANCer

  • @brouwereric644
    @brouwereric644 23 часа назад +3

    All thank to the ANC and corruption.

  • @mtetelelimrwetyana2002
    @mtetelelimrwetyana2002 22 часа назад +1

    GNU results ANC should tell SA in their 113 celebration of loss

    • @GlenroseMakgorogo
      @GlenroseMakgorogo 16 часов назад +2

      GNU is better compared to the ANC/EFF /MK coalition

    • @Neo_Rain146
      @Neo_Rain146 13 часов назад +1

      @@GlenroseMakgorogoKeep telling yourself that

    • @GlenroseMakgorogo
      @GlenroseMakgorogo 11 часов назад +1

      @@Neo_Rain146 🤣😂🤣😂🤣😂🤣😂🤣😂🤣😂 You are ANC beneficiary

  • @tentwentyza
    @tentwentyza 3 часа назад

    did the Competition Commission going after the the construction industry a decade ago eventually and indirectly lead to closure of Arcellor Mittal, the loss of tens of thousands of jobs and jeapordising jobs in engineering for south african students who will not be able to become engineers like their counterparts duirng the apartheid years who got the best engineering training by iskor

  • @innocentnzuza3749
    @innocentnzuza3749 5 часов назад

    South Africa must shut its ports, borders and airspace and we must learn to produce our own. No more imports this is killing our economy. How can we compete with cheap poorly made goods from abroad?

    • @ProcaviaCapensis-ts8ub
      @ProcaviaCapensis-ts8ub 4 часа назад

      That must be the most stupid idea that I've heard this year.

    • @Palmstreet-u7x
      @Palmstreet-u7x 2 часа назад

      Yes, steel from China is imported cheaper than what Mittal can produce it for

  • @cussions
    @cussions 10 часов назад

    Does Ramaphosa care about South Africa?

  • @africatshipembe9623
    @africatshipembe9623 7 часов назад

    Russia took over the companies that were closed during the war when the western companies closed shop. Why is South African government not taking over these operations? The government can legislate a piece of law that when a company closes its operation it cannot come back to sue or claim loss when government takes over these operations. We know sometimes these are closed to maximise profits and cutting down on expenditure at the expense of the workers. in business terms it makes sense but I do believe that the market for steel is still very big perhaps ArcelorMittal is not willing to invest any further in tech, improvements and so on. The government of the ANC promises people jobs, this is the opportunity, the EFF wants to nationalise, this is the opportunity to speak about nationalising this operation since the owner wants to abandon it since you are not in government. some of the companies will not close shop if they know government will take over because of these decisions are political.

    • @ProcaviaCapensis-ts8ub
      @ProcaviaCapensis-ts8ub 4 часа назад

      The SA government cannot run anything profitably.
      The more they nationalise , the bigger the cost to the taxpayer.

  • @cobussteyn5888
    @cobussteyn5888 39 минут назад

    Not just 3500 job what about the supporting business around them even the lady with take away trailer is out of n job

  • @sizwekhumalo3709
    @sizwekhumalo3709 10 часов назад

    Lesson learnt for the anc, stop privatisation