The Businessman
Jugnauth is the owner of one of the most famous building companies on Mauritius, located at the Sun Trust Building situated at La Rue Edith Cawell, Port Louis. The same building was the subject of controversies and critics after its floor renting prices were at the highest peak of the national market. The Government Ministry of Education department was there up until 1995 when newly elected Minister, the late Burty David, refused to work in the building. The government therefore allocated the department in another building and the penalty paid to Jugnauth in terms of breach of contract was amounted to Rs 45 millions (equivalent to $1.5 million (USD)).
Another business in the hands of Jugnauth was the Score Jumbo hyper market, considered to be the strongest selling market in the island.
Read more about this topic: Anerood Jugnauth
Famous quotes containing the word businessman:
“If when a businessman speaks of minority employment, or air pollution, or poverty, he speaks in the language of a certified public accountant analyzing a corporate balance sheet, who is to know that he understands the human problems behind the statistical ones? If the businessman would stop talking like a computer printout or a page from the corporate annual report, other people would stop thinking he had a cash register for a heart. It is as simple as that—but that isn’t simple.”
—Louis B. Lundborg (1906–1981)
“The businessman who assumes that his life is everything, and the mystic who asserts that it is nothing, fail, on this side and on that, to hit the truth.... No; truth, being alive ... was only to be found by continuous excursions into either realm, and though proportion is the final secret, to espouse it at the outset is to ensure sterility.”
—E.M. (Edward Morgan)