South Africa's Coalition Government Triggers Wave of Investment [Financial Post (Toronto, Ontario, Canada)]
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Source: Financial Post
You can save this article by registering for free here . Or sign-in if you have an account. (Bloomberg) — The formation of South Africa's business-friendly coalition government has triggered a wave of investment announcements and positive sentiment not seen in years, spurring hope that Africa's biggest economy may finally be finding its footing after a lost decade-and-a-half. Within days of the coalition agreement in early July, ArcelorMittal SA reversed a decision to shutter two steel plants that support 80,000 jobs. Soon after, Qatar Airways bought a stake in South African airline SA Airlink Pty Ltd. A $70 million auto-parts facility to supply Toyota Motor Corp., which just three years ago said it might leave the country, has since opened and Anglo American Plc announced a $625 million iron-ore investment. “This has been a difficult 10 to 15 years, but there's a much more positive outlook,” Kobus Verster, chief executive officer of the steelmaker's local unit, said in an in
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News
- ArcelorMittal provides update on its European decarbonization plansGlobeNewswire
- Iron Ore Market to Grow by USD 57.5 Billion (2024-2028), Driven by Rising Demand for High-Strength Iron Ore and Steel, with AI Driving Market Transformation - Technavio [Yahoo! Finance]Yahoo! Finance
- Is ArcelorMittal S.A. (MT) the Best Nickel Stock to Invest in? [Yahoo! Finance]Yahoo! Finance
- Chinese Steel Exports Are Booming But Here's Why That Won't Last [Yahoo! Finance]Yahoo! Finance
- ArcelorMittal S.A. (NYSE: MT) was upgraded by analysts at Bank of America Co. from a "neutral" rating to a "buy" rating. They now have a $32.90 price target on the stock, up previously from $30.00.MarketBeat
MT
Earnings
- 11/7/24 - Beat
MT
Sec Filings
- 11/27/24 - Form 6-K
- 11/15/24 - Form 6-K
- 11/7/24 - Form 6-K
- MT's page on the SEC website