South Africa’s Transalloys collapses amid financial turmoil

Transalloys (Pty) Ltd., the operator of South Africa’s only remaining manganese smelter, has warned that it may have to retrench up to 600 employees as escalating electricity prices threaten the viability of its operations. In a statement issued Monday, the company confirmed that retrenchment notices have already been served to staff. Currently, Transalloys is operating … Continue reading South Africa’s Transalloys collapses amid financial turmoil