Billion-rand steel deal write-off

The Industrial Development Corporation’s (IDC) board of directors this week resolved to write off more than R1bn in loan funding granted to local steel manufacturer South African Steel Mills (SASM).

Billion-rand steel deal write-off
The Industrial Development Corporation’s (IDC) board of directors this week resolved to write off more than R1bn in loan funding granted to local steel manufacturer South African Steel Mills (SASM).