26 Feb AMSA insists R2.27bn empowerment deal meets highest governance standards

Steel producer ArcelorMittal South Africa(AMSA) has unwrapped its long-awaited R2.27-billion broad-based black economic empowerment (BBBEE) transaction, which chairperson Mpho Makwana insists meets the highest standards of probity and governance. An earlier 2010 attempt by the JSE-listed company to conclude a R9-billion empowerment deal hit turbulence, owing largely to the make-up...