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

Amazon Prime boss throws down gauntlet to Takealot in SA: "We're just getting started"

Amazon is turning up the heat in South Africa. Two years after launching its local marketplace, the e-commerce giant has officially rolled out Amazon Prime at a dramatically lower price, taking direct aim at Takealot. Global Prime chief Jamil Ghani explains why Amazon believes fast, free delivery, streaming, gaming and…

3 Jun 10AM 32 min

Kabelo Khumalo - Inside the Black Market of illegal number plates

A Business Day investigation has pried open South Africa's black market for number plates and found the price of entry close to nothing. In this interview with Irakli, Business Day Deputy Editor Kabelo Khumalo explains how reporters walked out of three Johannesburg establishments with plates after doing just one thing…

3 Jun 7AM 11 min

BN Daybreak - Wed 3 June 2026: US tariffs; SPAR VAT fraud; Illicit number plates; Banking scams

Globally, the US proposes major tariffs, and US-Iran peace talks face friction over the conflict in Lebanon. Locally, a Pretoria SPAR store faces severe tax fraud allegations, a Business Day investigation exposes rampant illicit number plate sales in Johannesburg, and an expert shares crucial tips to combat digital banking fraud…

3 Jun 12AM 14 min

Spar’s VAT scandal: Unpacking the BDO investigation and corporate fallout

Business Day journalist Nompilo Zulu unpacks allegations of VAT fraud and accounting irregularities at Spar’s Bloed Street Tops store, after a BDO due-diligence report flagged unreliable financials, alleged tax underdeclarations and stock-related concerns. Spar strongly disputes the claims, saying the matter relates to one store and follows a failed bid…

2 Jun 10AM 8 min

Bank fraud: Tricks & tips — as SA banks face competition from newcomers… | Deshnee Govender

Losses from digital banking fraud in South Africa are estimated to total at least a billion and a half Rand a year. In this interview with Chris Steyn, Governance, Compliance and Risk Expert Deshnee Govender, shares how the sophisticated modus operandi of bank fraudsters fool customers, and she shares tips…

2 Jun 6AM 17 min

All episodes