R1.2BN

Finweek English Edition - - IN BRIEF - STEEL WOES Day Busi­ness

Steel­maker Evraz Highveld Steel & Vanadium, which en­tered busi­ness res­cue pro­ceed­ings in April, owes its 600 sup­pli­ers an es­ti­mated R1.2bn,

re­ported. Eco­nomic de­vel­op­ment min­is­ter Ebrahim Pa­tel said his depart­ment and their col­leagues at trade and in­dus­try are look­ing at ways to as­sist the in­dus­try, which has asked for im­port du­ties to pro­tect it­self against cheap Chi­nese im­ports. (See page 15.)

Newspapers in English

Newspapers from South Africa

© PressReader. All rights reserved.