ArcelorMittal to take empowerment plunge

South Africa's largest steel-maker, ArcelorMittal SA, will tomorrow announce a black empowerment deal, estimated at between R1.5-billion and R2-billion. The deal will be one part of a two-pronged strategy to secure the company's black economic empowerment status, as it would hand over about 5% of its share scheme to employees, skewed in favour of black and female employees.