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

Tony Leon lobbying scandal and the DA civil war with Solly Moeng

In his latest chat with Chris Steyn, political commentator Solly Moeng dissects the widening scandal around Tony Leon's lobbying amid former Democratic Alliance (DA) leader John Steenhuisen’s mission of vengeance and the damaging fall-out for the party. “...what is very clear is that the DA is no longer just walking…
15 Jul 11AM 17 min

South Africa House has closed: DA's Ryan Smith unpacks the Dircos neglect

South Africa House, the country's historic diplomatic landmark in London's Trafalgar Square, has closed for major renovations, sparking fierce political debate. The DA accuses DIRCO of years of neglect, poor maintenance and a lack of transparency, while government insists the closure is temporary and planned. Ryan Smith argues the controversy…
15 Jul 10AM 32 min

BizNews Edge: How South Africa House fell into disrepair on Dirco's watch

South Africa House in Trafalgar Square, a fixture of SA's diplomatic presence in London since 1933, has closed its doors, with the DA's Ryan Smith blaming decades of Dirco neglect and Dirco insisting it's a planned upgrade. Alec Hogg unpacks the row, plus three stories reshaping money and power: the…
15 Jul 10AM 24 min