Lon­min com­mits to work­ing with Bapo Ba Mo­gale

The Mercury - - BUSINESS REPORT -

LON­MIN chief ex­ec­u­tive Ben Ma­gara has writ­ten a let­ter to Pres­i­dent Ja­cob Zuma, say­ing the world’s third­largest plat­inum pro­ducer planned to build bridges with the Bapo Ba Mo­gale, a min­eral-rich com­mu­nity on whose land the com­pany has op­er­ated since 1969. In the let­ter, Ma­gara said Lon­min ac­knowl­edged its re­spon­si­bil­ity to en­sure a sus­tain­able busi­ness to safe­guard the in­ter­ests of com­mu­ni­ties and its em­ploy­ees. “Progress in com­mu­nity up­lift­ment ini­tia­tives is de­pen­dent on ef­fec­tive col­lab­o­ra­tion with all stake­hold­ers,” Lon­min said. Ma­gara’s let­ter was prompted by the Bapo’s call for the sus­pen­sion of Lon­min’s op­er­a­tions af­ter the com­mu­nity claimed that the com­pany had failed to meet its com­mit­ment to al­le­vi­ate poverty and cre­ate jobs for the lo­cal com­mu­nity. – Staff Re­porter PAUL LAMONTAGNE, newly ap­pointed chief ex­ec­u­tive of Sa­gar­matha Tech­nolo­gies, im­pressed global mar­kets yes­ter­day with the an­nounce­ment of some of the world’s most in­flu­en­tial busi­ness lead­ers, in­vestors, and tech­nol­ogy fu­tur­ists from the US, China, Singapore, Nether­lands, In­dia, Ja­pan, Ger­many, South Africa and Nige­ria on Sa­gar­matha’s In­ter­na­tional Ad­vi­sory Board (IAB).

“The IAB will put its weight be­hind Sa­gar­matha and ad­vise on the com­pany’s African and global ex­pan­sion of its tech­nol­ogy plat­forms,” said Lamontagne.

The Sa­gar­matha IAB board con­sists of: Am­bas­sador Harold E Do­ley Jr, founder of In­vest­ment Bank, Do­ley Se­cu­ri­ties in the US; Dr Julius Akinyemi, en­tre­pre­neur-in-res­i­dence at the Mas­sachusetts In­sti­tute of Tech­nol­ogy’s (MIT) Me­dia Lab; Mar­cel Boekhoorn, a Dutch (US$) bil­lion­aire in­vestor with a wide ar­ray of busi­ness in­ter­ests; Dr (Hon) Dak Chung, a renowned Chi­nese (US$) bil­lion­aire and phi­lan­thropist who serves as chair­per­son of the Chung Hon Dak Foun­da­tion and Zhou Guang Zhao Foun­da­tion; Dirk Hoke, the chief ex­ec­u­tive of Air­bus De­fence and Space; Yoshito Hori, one of Ja­pan’s most suc­cess­ful busi­ness­men serv­ing as

Lamontagne’s Africa First vi­sion is to be­come the dom­i­nant player on the con­ti­nent.

a manag­ing part­ner at Glo­bis Cap­i­tal Part­ners and pres­i­dent of Glo­bis Univer­sity; Dr Makaziwe (Maki) Man­dela, the chair­per­son of House of Man­dela; Jim Rogers, a Singapore-based vi­sion­ary in­vestor, com­men­ta­tor and au­thor who co-founded the Quan­tum Fund, a global-in­vest­ment part­ner­ship; Vikramjit Singh Sah­ney, an In­dian (US$) bil­lion­aire, founder and chair­per­son of Sun Group – a busi­ness con­glom­er­ate spe­cial­is­ing in fer­tilis­ers, min­er­als, agri­cul­ture and off­sets; Jaidev (Jai) Shroff, an In­dian (US$) bil­lion­aire, the Global chief ex­ec­u­tive of UPL Lim­ited.

Sa­gar­matha’s ob­jec­tive is to lever­age tech­nol­ogy to cre­ate plat­forms that con­nect Africans to each other and the world.

Lamontagne’s Africa First vi­sion is to be­come the dom­i­nant plat­form player on the con­ti­nent. It con­sists of a part­ner­ship ap­proach, a com­mit­ment to strengthen its dis­tri­bu­tion plat­forms, a de­ter­mi­na­tion to build a broad prod­ucts and tech­nol­ogy of­fer­ing for both the con­sumer and busi­ness mar­kets, and to arm African en­trepreneurs with the in­for­ma­tion, the con­tent and the tech­nol­ogy tools “to make choices and fully ac­cess op­por­tu­ni­ties of the dig­i­tal econ­omy”.

Sa­gar­matha Tech­nolo­gies busi­ness so­lu­tions in­clude B2B con­tent dis­tri­bu­tion, B2C ap­pli­ca­tions, en­ter­prise tech­nol­ogy so­lu­tions such as data stor­age, cloud com­put­ing and dig­i­tal au­to­ma­tion, and a pro­pri­ety dig­i­tal video and en­ter­tain­ment plat­form.

Other ar­eas of fo­cus are in fin­tech, healthtech, edutech, ar­ti­fi­cial in­tel­li­gence, vir­tual re­al­ity and aug­mented vir­tual re­al­ity.

“It is right to in­vest in Africa now. And it is even bet­ter to do so with the back­ing of some of the world’s most fear­less in­vestors, but cru­cially, to in­vest where the im­pact and re­turns are both high”, said Sa­gar­matha Tech­nolo­gies IAB chair­per­son, Am­bas­sador Harold E Do­ley Jr.

Am­bas­sador Harold E Do­ley Jr, newly ap­pointed chair­per­son of Sa­gar­matha Tech­nolo­gies In­ter­na­tional Ad­vi­sory Board (IAB) and Paul Lamontagne, chief ex­ec­u­tive of Sa­gar­martha Tech­nolo­gies, shake hands af­ter the an­nounce­ment of the IAB board in Cape Town yes­ter­day.

Newspapers in English

Newspapers from South Africa

© PressReader. All rights reserved.