IMPLEMENTATION LEVEL

NFI

AFFECTED FLOW

Outflow (subsidised)

ANNOUNCED AS TEMPORARY

No

NON-TRADE-RELATED RATIONALE

No

ELIGIBLE FIRMS

firm-specific

JUMBO

No

TARIFF PEAK

No
← back to the state act
Inception date: 28 Aug 2017 | Removal date: open ended
Still in force

Capital injection and equity stakes (including bailouts)

On April 28th, 2017, Japan Oil, Gas and Metals National Corporation (JOGMEC) acquired 13.4 billion yen (120 million USD) worth of shares in Japan-South Africa Co., Ltd., a subsidiary of Japanese-owned Hanwa Co., Ltd (Hanwa). This 13.4 billion yen investment amounts to approximately 49.9% of Japan-South Africa Co's equity. Due to Japan-South Africa Co., owning 20% of South-African Samancor Chrome Limited, a Ferrochrome mining, and sales corporation, JOGMEC now indirectly owns 9% of its shares as well. The joint-investment in Japan-South Africa Co. will also boost Hanwa's shares in Samancor Chrome Limited from 10.02% to 19.02%. 

AFFECTED COUNTRIES

MAP
TABLE
EXPORT

AFFECTED SECTORS AND PRODUCTS

411 Basic iron & steel
7202 Ferroalloys.
720249 Other

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