BizNews BizNews Radio

JSE 25-bagger in 18 months: CEO Kobus Verster shares back story to Arcelor Mittal's massive turnaround

Loading player...
In mid-2020, Arcelor Mittal SA was on the ropes, with critics predicting it was only a matter of weeks before the long-time loss-making company hit the wall. But in little over 18 months the world has changed for AMSA. Laregely due to CEO Kobus Verster's turnaround strategy, which has paid off handsomely. Now the trimmed-down group is repositioning itself as the "champion" of South Africa's industrial backbone. In this in-depth podcast Verster shares the back story to the JSE's great turnaround stock of the modern era with BizNews editor Alec Hogg - and considers what lies ahead. Learn more about your ad choices. Visit megaphone.fm/adchoices
15 Feb 2022 8AM English South Africa Investing · Business News

Other recent episodes

Neal Froneman on his bid to bring Formula One back to South Africa

He turned around mines others had written off and built Sibanye-Stillwater into a global giant. Now Neal Froneman wants to bring Formula One back to South Africa, on 600 hectares of Swartland farmland rather than at Kyalami. In conversation with Alec Hogg, the Blue Mountain Racing chairman explained why he…
27 Sep 11AM 43 min

Helen Zille on Joburg, coalitions and the price of power

She said she hadn't exchanged a single word with the ANC about a post-election deal. Helen Zille then told Alec Hogg who she thought was talking to them. The DA's Johannesburg mayoral candidate took on Corné Mulder's claim of a backdoor ANC pact and compared Gayton McKenzie's Patriotic Alliance to…
25 Sep 12PM 34 min

Why Jakkie Cilliers (ISS) guarantees Africa in 2050 will be far more stable than today

At a time when news headlines across Africa highlight political friction, economic distress and security concerns, a guarantee of better times ahead may sound almost provocatively optimistic. Yet Dr Jakkie Cilliers, founder of the Institute for Security Studies and head of its African Futures and Innovation Programme, bases that guarantee…
25 Sep 5AM 35 min

Andy Calitz on Eskom, the job he didn't get, and what came next

He was on the shortlist to run Eskom and lost out to André de Ruyter. Years later, Andy Calitz, who ran South Africa's transmission grid before a career that took him from Shell to Gazprom's control room and the helm of LNG Canada, still thinks about it most weeks. In…
25 Sep 3AM 55 min
All episodes