Kobus Verster

Chief Executive Officer, ArcelorMittal South Africa

Kobus Verster is Chief Executive Officer of ArcelorMittal South Africa, in the role since February 2018.

ArcelorMittal South Africa is the country's largest steel producer, listed on the JSE and majority owned by the ArcelorMittal group. Under Verster it closed its long-steel business in 2025 and has been in talks with the Industrial Development Corporation about a possible transaction.

In the job

  1. ArcelorMittal South Africa announced consultations on closing its long-steel operations at Newcastle and Vereeniging, with wind-down to begin in January 2023. Source

  2. The company reported a headline loss of R3.4 billion for 2025, down from R5.1 billion in 2024, after closing the long-steel business. Source

  3. The company reported a first-half 2026 headline loss of R1.49 billion and said talks with ArcelorMittal and the Industrial Development Corporation were continuing. Source

Career before

  1. 1990General Manager, Corporate Finance and Treasury, ArcelorMittal South Africa
  2. 2006-2010Chief Financial Officer and Executive Director, ArcelorMittal South Africa
  3. 2014-2017Chief Executive Officer, Aveng

Education

BCom, University of Potchefstroom; MBL, University of South Africa

Sources

  1. miningweekly.com
  2. engineeringnews.co.za
  3. businessday.co.za
  4. businesschief.eu
  5. engineeringnews.co.za

Facts last checked 3 November 2026. Spotted something out of date? Tell us.

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