By cryptoandcoffee on Skatehive
source Maybe I have lived in SA too long because from where I am sitting a lot of the economic pain is self inflicted and could even be being done on purpose. For the SA Government to take over the steel production is SA would be a big win for themselves and this surely has been their end game. This is not about the country and all about themselves and how much more they can loot by having more industries under their control. Today one of the large labour groups in South Africa called for the ArcelorMittal steel mill to be nationalized. This facility used to belong to the Apartheids government Iscor many years ago so this used to be an SOE company. Somehow somewhere along the line Iscor was sold off to Arcelor Mittal and now they are asking this to do a full circle. The problem the government is now facing is the job losses with the steel mill shutting down. The 3500 direct jobs is one thing and there are another estimated 100 000 indirect jobs tied to the steel industry. The governmen