The news that British Billionaire Sanjeev Gupta will face a legal challenge which threatens to wind up the Whyalla Steelworks has been met head on with guarded optimism from the town’s business owners.
Espresso Cafe owner Liz Attard, who has been running her business for 29 years in Patterson Street, said the news was a shock, having thought that Whyalla was “out of the woods”.
But she said the community wasn’t panicking, with operations at the steelworks currently in the black and GFG’s Australian businesses in general being profitable.
“We know that at the moment it’s not that bad, it’s just a bit of media hype,” Ms Attard said.
“The positive I’ve heard is that it is a lot better position financially than when it went into…