To aid navigation and cross-referencing, this report contains the following icons: our key strategic objectives, our most material issues, our top 10 risks and our key performance indicators.
Our online report includes additional information on particular topics.
These icons refer to our four key strategic objectives:
About this report
This is our sixth integrated annual report (IAR). With this report we aim to provide a transparent and balanced appraisal of the material issues that faced our business during the year under review and that impacted our ongoing ability to create value.
In this report we seek to address those issues that are most material to our formulation and execution of strategy.
As in the previous year, in 2016 our leadership explicitly determined that our most material issues related to:
Our leadership and reports
ArcelorMittal South Africa fully appreciates the extent to which its future and its interests are bound up with those of the society in which it operates. We have reached important new accords with stakeholders, are rapidly optimising our industrial footprint and are entrenching cultures of safety and high performance.
Mpho Makwana Chairman
The steel downstream is at the heart of our business model and our creation of value. Tens of thousands of jobs depend on ArcelorMittal South Africa and its competitors, and tens of thousands more depend on the businesses to which we supply.
Wim de Klerk Chief executive officer
In a world that is awash with steel, we succeeded to a remarkable extent in not just navigating through a most challenging year but in boosting our competitiveness, significantly reducing losses and stabilising and improving most aspects of the business.
Dean Subramanian Chief financial officer