Steel billet and precision casting foundry, South Africa
A draft scoping study has proposed the refurbishment of the former Naledi Foundry, in Benoni, Gauteng.
Source: engineeringnews.co.za
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10 key SA business stories you might have missed
10 News24 Business stories that you might have missed
Source: news24.com
Some 200 jobs on the line as foundry part-owned by the IDC goes up for auction
The foundry, which falls under the Naledi Inhlanganiso Group, is 46% owned by the Industrial Development Corporation (IDC), which has invested R557 million into the venture.
Source: news24.com
No one guarding the henhouse at Cast as business rescue...
Despite its talk about supporting SA’s industrialisation efforts, the Industrial Development Corporation has been asleep at the wheel at Cast Products SA — and taxpayers are footing the bill. Despite its talk about supporting SA’s industrialisation efforts, the Industrial Development Corp...
Source: dailymaverick.co.za