The government is spending a total of R1.8 billion to save ArcelorMittal South Africa's Longs Business and support the steel industry.
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ArcelorMittal South Africa says it has not stopped winding down its Longs Business despite holding funding talks with the government.
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ArcelorMittal South Africa could get an initial government bailout of R500 million to keep its Longs Business open and avoid job losses, reports say.