Business
Whyalla business community remains positive despite uncertainty around steelworks’ financial future – ABC News
After taking a long road back to profitability, the Whyalla steelworks is once again facing uncertain times following speculation around the financial situation…
Business owners in South Australia’s steel city of Whyalla maintain the town still has a bright future, despite speculation around the financial situation of the local steelworks’ owner.
Key points:
- The Whyalla steelworks is owned by Sanjeev Gupta’s GFG Alliance
- One of GFG’s biggest lenders is facing insolvency in Europe
- The South Australian Government has sought reassurance from GFG about any potential impact
The Whyalla steelworks is owned by the GFG Alliance, headed by British billionaire Sanjeev…
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