Whyalla business community remains positive despite uncertainty around steelworks’ financial future

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.

The Whyalla steelworks is owned by the GFG Alliance, headed by British billionaire Sanjeev Gupta.

One of GFG’s biggest lenders, Greensill, is facing insolvency in Europe, after global wealth manager Credit Suisse froze $US10 billion worth of investment funds that it relied on.

Despite Greensill’s troubled financial state, GFG said that…