Noluthando Mthonti-Mlambo speaks to Kobus Venter, CEO of ArceloMittal South Africa about the company's results. The local unit of the world’s number two steelmaker posted a headline loss per share of R1.70 in the year to 31 December, versus headline earnings per share of R2.34 the previous year and has agreed to defer winding down its long steel business by six months. The group's headline loss of R1.9 billion for the past year was larger than its R1.4 billion market value.

<p>Noluthando Mthonti-Mlambo speaks to Kobus Venter, CEO of ArceloMittal South Africa about the company's results. The local unit of the world’s number two steelmaker posted a headline loss per share of R1.70 in the year to 31 December, versus headline earnings per share of R2.34 the previous year and has agreed to defer winding down its long steel business by six months. The group's headline loss of R1.9 billion for the past year was larger than its R1.4 billion market value.</p>

POWER Business is on every weeknight, offering a wrap-up of the day’s business news, analysis of market trends and advice on all money-related matters. Noluthando Mthonti-Mlambo interviews leading CEOs whose businesses are making headlines. POWER Business also has a human interest focus, unpacking the nature of the economy and empowerment more broadly.

<p>POWER Business is on every weeknight, offering a wrap-up of the day’s business news, analysis of market trends and advice on all money-related matters. Noluthando Mthonti-Mlambo interviews leading CEOs whose businesses are making headlines. POWER Business also has a human interest focus, unpacking the nature of the economy and empowerment more broadly.</p>

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