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  • 1 year ago
Anil Agarwal: Why I've just invested $1bn in South Africa. Hope springs.

Anil Agarwal: Why I've just invested $1bn in South Africa. Hope springs.

If all billionaires were like India's mining mogul Anil Agarwal, the world would be a far better place. The 63 year old founder and chairman of Vedanta might be worth $3bn (Forbes magazine) but as you'll hear in this interview, he lives on a salary like everyone else at the company. His assets are in a trust whose beneficiaries are vulnerable women and children, literally millions of them. Agarwal takes a long view on things and despite the current turbulence in South Africa, has supported his Prime Minister Narendra Modi's call to invest there and to support SA businesses. The result: last year's $1bn investment through resuscitating the dormant Gamsberg zinc mine and smelter technology, and construction deals with SA companies. A great example of how multinational business can and should be done in the new South Africa. - Alec Hogg

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