Video and Interview: Jay Naidoo Promotes “Philanthro-Capitalism”
According to Jay Naidoo, being an activist fighting for what he believes is what gets him up in the morning. Over the past few years he has consistently scaled down his business interests giving a third of his wealth to charitable causes. Says Naidoo to interviewer Carol Paton: “I don’t aspire to any position. I don’t want to have any business interests. I want to promote the idea of volunteerism.”
Jay Naidoo, co-founder of investment holding company J&J Group, has given away a third of his wealth to charitable causes – echoing the “giving campaign” of US billionaires Warren Buffett and Bill Gates.
Naidoo, who with fellow former trade unionist Jayendra Naidoo, started the company in 2000 after the two quit politics, has sold a third of his shares and donated the proceeds to two charitable trusts.
He has also resigned his executive role and will serve as a non-executive director, leaving him free to concentrate on local and international good causes.
Jay Naidoo has been involved in activism for a long time. Here, Naidoo features in a video filmed in 1988 during which he discusses the mass democratic movement gathering speed in South Africa at the time.
- Fighting for Justice by Jay Naidoo
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