Meet Noluthando Gosa, South African businesswoman who owns $21-million stake in ArcelorMittal

Noluthando Gosa, a South African executive and business leader who has been at the helm of top organizations for years, is one of South Africa’s wealthiest businesswomen thanks to her well-diversified investment portfolio, which includes a stake in ArcelorMittal South Africa. Today, she is a non-executive independent director at ArcelorMittal South Africa, alongside many other roles.

Gosa began her career in corporate South Africa in 1989 as a brand manager at Protea Pharmaceuticals, a major player in the biopharmaceutical industry. Since then, she has risen to become a South African business leader, with vast experience at leading national companies.

Gosa now leads Likamva Resources and Akhona Group, a 100-percent Black privately-held investment holding company, which she established in 2013 after having tremendous success in governance roles at companies operating in the financial, industrial, telecom, and mining sectors.

Aside from her directorship position with ArcelorMittal South Africa, Gosa serves on the boards of Mobile Telephone Networks Holdings, Institute of Directors, and The Businesswomen’s Association.

When Gosa became an independent non-executive director of MTN Group in April 2021, she resigned as director of the Southern Africa-Canada Chamber of Commerce, a business organization dedicated to promoting and developing opportunities between Southern Africa and Canada.

Through her investment holdings, Gosa has a beneficial 6.15-percent stake in ArcelorMittal South Africa, a Gauteng-based steelmaker with a capacity of 7 million tonnes of liquid steel per year.

According to data retrieved from the Johannesburg Stock Exchange, the market value of her shareholding in ArcelorMittal South Africa is valued presently at R255 million ($21 million).

Since the year began, the market value of Gosa’s 6.15-percent stake in the steelmaker has dropped by $14.9 million, from more than $35 million on Jan. 1 to $21 million at the time of writing this report.

Despite the decline in the market value of her stake, Gosa remains one of the richest investors on the Johannesburg Stock Exchange.