OFM The OFM Business Hour

Transalloys at the end of its financial tether, retrenchments loom

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South Africa’s last remaining manganese smelter, Transalloys, is consulting with labour on imminent large-scale retrenchments. Transalloys Managing Director, Theo Morkel, confirms to OFM these consultations kicked off on Thursday, 8 January. Transalloys, is at the end of its financial tether, battling soaring electricity costs, which they say reportedly account for 40% of its operations.
13 Jan 4AM English South Africa Business · Daily News

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