BizNews Joburg Indaba

How to create capital in uncertain times

--:--
One of my favourite sessions involves former AngloGold Ashanti CEO Srinivasan “Venkat” Venkatakrishnan. Perhaps being in lockdown in London, away from his Joburg-based family, is to blame for his insight and wisdom regarding how this pandemic will impact on capital allocation in the mining industry.
He highlights how the scale, duration and global impact of the pandemic will change how mining companies structure their portfolios, think about flexibility and stress-test their plans.
I love it when in a moment of reflective wisdom, he echoes Mick Davis’ point that empowered employees are critical in order for companies to increase their creation of capital during uncertain times.
5 Nov 2020 English South Africa Business

Other recent episodes

Jim Rutherford: Did the poacher turn gamekeeper?

During his 15 years as a sell-side analyst, Jim Rutherford emerged as a significant force in the world of mining, including in South Africa, as part of the US-based investment firm Capital Group. Rutherford was largely responsible for the company’s global investments in the metals and mining industry. Then, seven…
11 Nov 2020 14 min

Reflections on the SA Mining Industry and the Government’s impact

On the same day that Minister of Mineral Resources Gwede Mantashe lashed out at Neal Froneman of Sibanye-Stillwater for his criticism of the government, Rutherford shared some of his reflections about the SA mining industry and the government’s impact. When a critic with no other agenda calls it as he…
11 Nov 2020 1 min

Capital allocation: a lone, early voice from London

Way before capital allocation was even a thing, a visit to Rutherford’s offices in London would not be complete without a deep and often fractious debate about value creation, sustainability and of course, capital allocation. It’s no surprise that we revisit this topic in this short clip where I ask…
11 Nov 2020 2 min

Dealing with mining’s men

So much of a leader’s role is to engage with her people. Mining makes this even more challenging due to the tough conditions, skeptical audiences and language barriers. Listen to Naidoo’s response to my question about engaging the “manne” at the coal face.
11 Nov 2020 2 min

Role of mentors

Listen to Naidoo’s insights about what she has learned about leadership from mentors like Cynthia Carroll and Tom Albanese, among others.
11 Nov 2020 2 min
All episodes