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 5AM English South Africa Investing · Business News

Other recent episodes

BizNews Edge: Stranger than fiction - Jooste's consigliere meets ET-type end

Today's BizNews Edge covers three stories that cut to the heart of South African business and politics. John Steenhuisen has broken publicly with the DA, naming Geordin Hill-Lewis and Tony Leon in allegations that threaten serious damage to the party just months before the 2026 municipals. Prosus, once a byword…
29 Jun 5AM 24 min

Criminalising corporate silence with Wendy Addison

South Africa's first high-profile whistleblower Wendy Addison is done talking shop. She's raised a criminal docket against a corporation and its directors for silencing two financial industry whistleblowers — and she thinks it could be a watershed moment. Can personal criminal accountability finally give whistleblower protection real teeth?
29 Jun 3AM 23 min

BN Daybreak: Strait of Hormuz showdown as US and Iran head back to Doha

Vessels are still threading the Strait of Hormuz, but a Bloomberg analyst calls it Schrodinger's Strait: you never know if it's open until you try to get through. With traffic down to a fraction of normal and ships taking hits, owners are weighing whether the world's most vital oil route…
28 Jun 9PM 15 min