8chan/8kun QResearch Posts (1)
#1065204 at 2018-04-16 15:49:10 (UTC+1)
Q Research General #1329: In-Q-Tel site natural DDos Edition
JOHANNESBURG - AngloGold Ashanti CEO Srinivasan Venkatakrishnan has resigned after 18 years at the helm of the company to become the chief executive of Vedanta Resources.
Venkatakrishnan will, however, remain in his position until the end of September.
He's been hailed for creating a culture of accountability at the mining firm.
Vedanta Resources is a natural resources firm with interests in zinc, lead, silver copper and iron ore.
http:// ewn.co.za/2018/04/16/anglogold-ashanti-ceo-resigns
8chan/8kun QResearch SOUTH AFRICA Posts (1)
#16483581 at 2022-06-21 17:42:23 (UTC+1)
Q Research South Africa #7: "TRUTH cannot be hidden forever" Edition
>>16483557
"Tito Mboweni's recent adventures in business - from failing to get loans to eating 'grass' at Discovery"
https://www.businessinsider.co.za/tito-mboweni-in-business-loans-2018-10
10 October 2018
As minister of finance, Tito Mboweni will be put in charge of South Africa's R1.5 trillion national budget.
Somewhat ironic, given that local banks refused to lend him money.
Directorships aplenty
Since being apparently pushed out of his job as central bank governor in 2009, Mboweni had a number of associations with large companies, including:
Chairperson of Nampak
This was the first position he accepted after his decade as head of the central bank, and he still chairs the largest packaging company in Africa.
Chairperson of AngloGold Ashanti
He was appointed in 2010 as chairperson of AngloGold Ashanti, the third-largest gold mining company in the world. At the time, AngloGold hoped the former labour minister would assist with its labour relations.
"Mboweni was [an] architect of SA's post-apartheid labour legislation, which today continues to provide the basis for the mutually respectful labour relationships central to AngloGold's operational approach in SA," the company said in a statement at the time.
While there was labour unrest during his tenure, with the majority of the mine's workers at one stage taking part in an illegal strike, Mboweni was credited with assisting the company with its restructuring and cost cutting, and helping to secure the respected mining executive Srinivasan Venkatakrishnanas as its CEO after Mark Cutifani left to lead Anglo American.
Mboweni resigned unexpectedly in 2014 citing an "increasing portfolio of professional commitments".
Chairperson of SacOil
SacOil is an oil and gas company with assets in Democratic Republic of Congo and Nigeria. The South African Public Investment Corporation, government's investment arm, owns more than two-thirds of the company.
Mboweni was appointed in 2016, and resigned two years later at the end of his term.
Director of PPC
After being a director for two years, Mboweni unexpectedly quit in 2017 amid reports that he didn't agree with PPC's plans to merge with Afrisam.
In the end, the deal fell apart.
Director of Discovery
He has served on boards of various Discovery companies for the past five years and continues to be enthusiastic about the company.
During his Money Show interjection, Mboweni said Gore recruited him to the board of directors of Discovery by explaining how disruptive its business is and how it uses behavioural economic models to create value.
His only objection so far, as he told The Money Show, is that the health-conscious Gore insists on giving him "grass" for lunch.
Chairperson of Accelerate Property Fund
Mboweni has been chairperson for the past five years. The fund owns Fourways Mall, Cedar Square, two KPMG-branded office buildings and a number of other retail properties.
In 2016, the PIC objected to his "excessive" remuneration from Accelerate, which the PIC said tripled to R1.58m from R506,667 within a year.
Other roles
Mboweni is also an adviser to Goldman Sachs International and a consultant of the oil company Total. He has held various academic positions, including as Chancellor of North-West University (2002 to 2005), and is a trustee of the Nelson Mandela Children's Hospital Trust.
For the past six years, he has been a member of the national executive committee of ANC.