Noluthando Gosa, a prominent South African executive and business leader, has made a lasting impact on the business world. She’s not only a towering figure in her native South Africa but also a key player across the African continent.
Thanks to her diversified investment portfolio, which includes shares in ArcelorMittal South Africa and MTN Group, she ranks among South Africa’s wealthiest businesswomen.
Gosa’s journey in corporate South Africa began in 1989 as a brand manager at Protea Pharmaceuticals, a major player in the biopharmaceutical industry. Over the years, she has become a respected business leader in South Africa, gaining extensive experience in top companies.
Today, she leads Likamva Resources and Akhona Group, a privately-held investment holding company fully owned by Black individuals. She founded this venture in 2013 after achieving remarkable success in governance roles within the financial, industrial, telecom, and mining sectors.
In addition to her role as a director at ArcelorMittal South Africa, Gosa serves on the boards of MTN Group, the Institute of Directors, and The Businesswomen’s Association.
Through her investment holdings, Gosa owns a substantial 6.15-percent stake in ArcelorMittal South Africa, a Gauteng-based steelmaker with an annual liquid steel production capacity of 7 million tonnes.
Billionaires.Africa has identified and documented five companies linked to Gosa, illustrating her multifaceted business leadership and impressive career.
- Akhona Group
Akhona Group, established by Gosa in 2003, stands as a pioneer in 100-percent Black-owned and managed property management. Originally a subsidiary of Akhona Properties (Pty) Ltd., it adeptly handled portfolios for prominent entities such as PIC, Pareto, JDI, and Investec Properties before its eventual acquisition by Broll Property Group. Distinguished as one of South Africa’s few black-owned property management companies, it holds the unique distinction of being the sole black woman-owned and managed property management company in the nation.
- Acerlomittal
ArcelorMittal SA, a subsidiary of the Luxembourg-based multinational steel manufacturing behemoth ArcelorMittal, boasts an impressive annual production capacity of 7 million metric tonnes of liquid steel. Gosa, through her investments, maintains a significant 6.15-percent stake in ArcelorMittal South Africa, a Gauteng-based steel manufacturer renowned for its 7 million tonnes of annual liquid steel production.
- Mtn Group
Serving as an independent non-executive director of MTN Group, Africa’s leading telecom services provider, Gosa plays an influential role on the board committee, particularly in areas of risk and compliance, social ethics, and sustainability. Her discerning leadership acumen is further exemplified by her minority stake in MTN Group.
- Ninetyone
Ninety One, a dual-listed Anglo-South African asset management firm, is headquartered in both London and Cape Town, overseeing an impressive asset portfolio exceeding $170 billion as of 2022. This firm is listed on both the London Stock Exchange, as part of the FTSE 250 index, and the Johannesburg Stock Exchange. Previously operating under the name Investec Asset Management, Gosa holds the role of independent non-executive director, contributing to the strategic direction and governance of this prestigious financial institution. - Akhona Properties
In addition to her dynamic roles within the business world, Gosa, an investment banker-turned-entrepreneur, currently serves as the CEO of Akhona Properties. This company, which is fully powered by Akhona Group, specializes in the management of commercial, industrial, and retail properties. With her keen insights and astute leadership, Gosa steers Akhona Properties as it continues to excel in property management services.
