Finance

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SA iron ore mine to close after ArcelorMittal halts purchases

South Africa’s (SA) African Rainbow Minerals (ARM) said on Wednesday that its jointly owned Beeshoek iron ore mine will be placed on “care and maintenance” after its sole customer, the ailing steel producer ArcelorMittal SA, ceased purchases.

SA mobile operator to list ordinary shares through Blue Label Telecoms unit

South African (SA) mobile operator, Cell C says it intends to list all its ordinary shares on the Johannesburg Stock Exchange through a private placement of existing shares by The Prepaid Company (TPC), a unit of Blue Label Telecoms