Monday 19 January 2015

Otmane El Rhazi : Samson offers backing to proposed sale of Macsteel to Southern Palace Group

Otmane El Rhazi from Mining Weekly | Ferrous Metals Home.



Black-economic empowered diversified industrial holding company the Southern Palace Group (SPG) reported on Monday that it had entered into an arrangement to buy 100% of Macsteel Service Centres South Africa (MSCSA). MSCSA is a leading supplier of value-added steel products and arguably one of the country’s largest privately owned businesses, which has been in operation since 1904 and supplies the full range of carbon steel, special steel, stainless steel, aluminium products and value-added steel processes to more than 10 000 customers in various industry sectors across sub-Saharan Africa.

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