https://www.miningweekly.com

SAINT SRINIVASAN

15th November 2013

By: Martin Creamer

Creamer Media Editor

  

Font size: - +

Srinivasan Venkatakrishnan, best known as Venkat, the CEO of South Africa’s biggest gold-mining company, the JSE- and NYSE-listed AngloGold Ashanti, has told his board of directors that he will not accept a salary increase or cash bonus this financial year. The boy from the St Don Bosco Matriculation School, a missionary school in India, clearly learnt something about self denial in his time there and also about helping the needy, as he is also digging into his own personal pocket to pay for the university education of up to five poor South Africans. Perhaps his wife Hamsa also deserves the sort of halo that Mining Weekly cartoonist Darlene has depicted as coming down from the heavens on to Venkat’s head. In Mining Weekly’s recent mining personality series, Venkat said under the heading of ‘pay’: “I am not motivated by money”, adding under the heading of ‘car’: “I do not like flashy cars.” He drives a four-year-old Mitsubishi Pajero. The market capitalisation of AngloGold Ashanti, the world’s third-largest gold producer, was $18-billion before the fall of the gold price, which wiped $10-billion off its board.

Article Enquiry

Email Article

Save Article

Feedback

To advertise email advertising@creamermedia.co.za or click here

Showroom

Lilak Aluminium
Lilak Aluminium

For over 15 years, Lilak Aluminium, a trusted leader in architectural extrusion supply, has delivered excellence to businesses like yours.

VISIT SHOWROOM 
Condra Cranes
Condra Cranes

ISO-certified Condra manufactures overhead cranes, portal cranes, cantilever cranes and crane components: hoists, drives, end-carriages, brakes and...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.042 0.232s - 109pq - 2rq
Subscribe Now