This site requires JavaScript to be enabled. Please enable JavaScript in your browser settings, or upgrade to a modern browser.

ArcelorMittal CEO Kobus Verster warns of 80,000 job fallout without government action

Loading player...

On BizNews’ 12th birthday, Alec Hogg speaks with ArcelorMittal SA CEO Kobus Verster about the possible shutdown of its Newcastle steel plant. With 80,000 jobs at stake and Transnet, Eskom, and scrap metal policy failures bleeding the company dry, Verster says the IDC and government must act by 30 September or risk a social and economic disaster. The steel boss lays bare South Africa’s crumbling industrial backbone - and offers a last-ditch plan to save it.

4 Aug 2025 6AM English South Africa Investing · Business News

Other recent episodes

BNC#9 | Hoffman Q&A: Asking the ANC to fight corruption is like asking turkeys to vote for Christmas

Paul Hoffman has sued Jacob Zuma so many times that he calls him his "number one sponsor," because every case Zuma lost came with a costs order. At BNC#9, the Accountability Now advocate took questions on the private member's bill that could finally give South Africa an independent, Chapter 9…

7 Sep 10AM 38 min

BNC#9 | Van Heerden Q&A: Afrimat's Lafarge bet, fixing SA towns, untapped gold, Transnet turnaround

Afrimat's Andries van Heerden bought a struggling cement business for its quarries, not its cement, and is now watching a Chinese buyer take on the part he didn't want. In this Q&A from BNC#9, he tells Alec Hogg what actually scares him in a takeover, why Transnet's turnaround is the…

7 Sep 8AM 35 min

He fought Swimming SA for years. Finally the world body caught up

Brett Redelinghuys was banned for ten years by Swimming South Africa for trying to fix it from the inside. This week, the two men who banned him, president Alan Fritz and CEO Shaun Adriaanse, were provisionally suspended by World Aquatics itself, over allegations of abuse of power and fake documents…

7 Sep 5AM 28 min

Hermann Pretorius: Women voters favour the ANC, but the DA is tipped for big Metro victories…

In this interview with Chris Steyn, Hermann Pretorius of the Institute for Race Relations (IRR) unpacks his polling results on South Africa’s women voters from 2021 to 2026, including the key finding that women voters are keeping the African National Congress (ANC) ahead of the Democratic Alliance (DA). “..all the…

7 Sep 6AM 23 min

BN Daybreak: Masie on ABC c-suite shuffle, who really runs crime in SA, a lesson from Yuppiechef

Three senior executives are gone from one of South Africa's flashiest bitcoin bets this week, and the company's new interim boss won't say how big the alleged share manipulation was. An intelligence analyst says the crime bosses everyone is fixated on are just middle management, answering to people we never…

6 Sep 11PM 15 min

All episodes