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AFRICOAST ENGINEERS SA ESTABLISHES RENEWABLE ENERGY COMPANY

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Renewable energy engineering firm AfiCoast Engineers SA has announced that a new company,
AfriCoast Energy, will now be responsible for all future renewable energy projects - particulary
wind and solar - while it will also play a key role in guiding AfriCoast Engineers' current
basket of renewable energy projects.
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AMSA warns of big 2019 loss, as it sheds more than 1 000 jobs

JSE-listed steel producer ArcelorMittal South Africa (AMSA) warned on Thursday that it would swing back into a large lossmaking position following an “exceptionally difficult” 2019 financial year, which the company described as the most challenging for the steel industry since the Global Financial Crisis of 2008. In a note to shareholders, AMSA cautioned that its headline earnings for year would plummet by at least R4.3-billion, representing a massive deterioration from the headline profit of R968-million reported in 2018; the group’s first profit since 2010.

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