The Ayigobi consortium hoped to remain the black economic empowerment (BEE) partner of ArcelorMittal South Africa, despite a setback in the steel maker’s relations with key consortium members, the consortium said yesterday.
“As Ayigobi we remain very keen to partner with ArcelorMittal SA,” said its leader Sandile Zungu.
Zungu was speaking after another twist in ArcelorMittal SA’s long-running pricing dispute with Kumba Iron Ore, this time a joinder application by the steel maker in which it has taken sides with arch-rival Kumba Iron Ore by asking the North Gauteng High Court to set aside a 21.4 percent prospecting right at Sishen granted to Imperial Crown Trading (ICT).
via www.iol.co.za
Please no. Not this fucking embarrassment. Zungu has leached enough off the economy. Choose someone more deserving.