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 2025 11AM English South Africa Business News · Investing

Other recent episodes

Canal+ Lists on the JSE: What It Signals for SA’s Capital Markets

JSE Capital Markets Chief Helina Andhee breaks down the significance of Canal+’s new listing and what it reveals about South Africa’s evolving listings environment. We explore liquidity, innovation, delistings vs. new entrants, and the JSE’s strategy to attract global issuers in a competitive capital markets landscape.
3 Jun 3PM 15 min

Beyond the Rate Hike: Fuel Shocks, Credit Stress & SA’s Financial Fragility

TransUnion Africa CEO Lee Naik analyzes how rising rates, fuel spikes, and deepening credit stress are reshaping household finances. We unpack a 14% collapse in fuel buying power, soaring non‑bank loan delinquencies, and why the new withdrawal system may offer less relief than expected. A data‑driven guide to absorb, adapt,…
3 Jun 3PM 13 min

Can BRICS Absorb SA’s Confidence Shock? Advocate Xulu on Trade

BRICS Business Council’s Advocate Mtho Xulu joins us to discuss South Africa’s widening BRICS trade deficit, the urgent need to shift from raw exports to value-added manufacturing, and whether BRICS-Plus markets can help offset domestic demand weakness. A strategic look at SA’s place in a rapidly shifting global trade environment.
3 Jun 2PM 11 min

Business Confidence Falls to 39: What’s Behind SA’s Sentiment Slide?

RMB macroeconomist Keabetswe Mojapelo unpacks the sharp drop in the RMB/BER Business Confidence Index as oil shocks, rate-hike fears, and global tensions weigh on SA firms. We explore sector‑by‑sector pressure points, why businesses are cautious rather than pessimistic, and what needs to shift for confidence to recover in the second…
3 Jun 2PM 12 min

4Sight CEO on Why Intelligent Automation Is Now Essential

4Sight Holdings is at the forefront of AI‑powered enterprise transformation, with FY26 revenue up 16.3%. CEO Tertius Zitzke unpacks the rise of intelligent automation, the convergence of OT and IT, WhatsApp‑based enterprise tools, and the technologies that will shape South African businesses over the next five years.
2 Jun 3PM 9 min