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Forbes Africa

Forbes Africa December 2019 - January 2020

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Forbes Africa is the drama critic to business in Africa. The magazine helps readers connect the dots, form patterns and see beyond the obvious, giving them a completely different perspective. In doing this, it delivers sharp, in-depth and engaging stories by looking at global and domestic issues from an African prism.

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South Africa
ABN Publishing Pty Ltd (trading as Forbes Africa)
€ 2,52(Incl. btw)
€ 20,85(Incl. btw)
6 Edities

in deze editie

3 min.
2020, here we come

WE ARE HITTING THE ‘20s! And as with the turn of any young new decade, there has been a lot of obsession lately about the future it will unleash – the unknown paradigms, the big ‘ahas!’ and genre-breaking shifts in technology and life that we are likely to embrace as the new normal. I had the chance to interact with two itinerant futurists at summits in Johannesburg over the last two months, and they both purported continued advances in adaptive and artificial intelligence, cloud and edge computing, gene-sequencing and gene-editing, and socially, even the opening up of ‘gender-fluid’ public spaces. “The innovations coming out of Africa are absolutely phenomenal,” said one of them, the US-based Jack Uldrich. I also attended a future forum in New York in October, in the vertigo-inducing top floor of…

4 min.
hope for a new dawn and better future

RUGBY IS AS foreign to me as cricket is to the average American. However, having lived in South Africa for 15 years, there is no way to avoid being pulled into the sport. November 2, 2019, is a date that will be celebrated in South Africa’s sporting posterity. In many ways, it’s déjà vufor South Africans; at a pivotal time in history, on June 24, 1995, the Springboks beat the All Blacks (the national rugby team of New Zealand) in the final of the World Cup. The game united a racially-divided country coming out of apartheid, and at the forefront of this victory was none other than President Nelson Mandela, or our beloved Madiba. In a very symbolic coincidence, 24 years later, history repeated itself. South Africans watched with pride as Siya…

6 min.
brief 360

BUSINESS CONFIDENCE DECLINES GLOBALLY A new survey of 60,000 business leaders conducted by Worldcom Group revealed business confidence has declined by 21% globally since 2018 with confidence in the United States (US) falling 51%, the largest drop of any country. This year’s Worldcom Confidence Index found several interesting trends including that China’s confidence index is now higher than the US. The survey details several issues which keep CEOs awake and topping the list are external influencers and the battle for talent recruitment, upskilling, reskilling and talent retention. Reputation management and healthy working environments also took center stage in the minds of business leaders. Although there are many similarities documented by African leaders, several issues were highly distinct to the concerns of the business world on the continent. In contrast to the…

1 min.
cup of good hope

AFTER THEIR EPIC WIN beating England at the 2019 Rugby World Cup in Japan on November 2, the Springboks triumphantly returned home to South Africa, undertaking a nationwide tour, in an open-top bus, holding high the Webb Ellis Cup. In this image, in Johannesburg’s bustling central business district, the sport heroes pass throngs of screaming, cheering, dancing Springbok fans lining the streets. The national tour also included Durban, Cape Town and Zwide, a windy township in Port Elizabeth in the country’s Eastern Cape province, where rugby captain Siya Kolisi was born. The sport and trophy united the racially-divided country, bringing hope to many for a brighter future. For the third time in history, the South African national rugby team was crowned world champions.…

6 min.
the future of nigeria is in safe hands

Chief of Army Staff of the Nigerian Army since 16 July 2015, Lieutenant General Tukur Yusufu Buratai is a world-class infantry officer who has devoted his life to the protection of Nigeria, its people and all the businesses operating in the country. He was born on 24 November 1960, in Buratai, Borno State in North-eastern Nigeria. After graduating with flying colours from the Government Teachers College in Potiskum, Yobe State, Buratai decided to follow his call and serve his nation by dedicating his life to a career in the Nigerian Army. He therefore applied and gained admission to the prestigious Nigerian Defence Academy in Kaduna as a member of the 29th Regular Combatant Course, on 3 January 1981. Upon his appointment as Chief of Army Staff, Buratai unveiled his vision…

2 min.
keeping the country safe in an improving economic outlook

Universally acknowledged as the shield that protects the institutions and the economy of Nigeria, the Nigerian Army has been an invaluable source of stability across the years. The Armed Forces have promoted peace and harmony within the country and have taken part in several international missions aimed at stabilising other countries in the region. Established in 1964, the Defence Industries Corporation of Nigeria (DICON) is the state-owned enterprise tasked with the production and supply of defence equipment items such as ammunition, firearms, artillery, armoured vehicles and much else. The corporation is currently led by Director General Maj. Gen. Victor Ezugwu, who was appointed to the post in June 2019. Ezugwu set out to change the general attitude of the corporation, taking a more decisive focus on enhancing national productivity and local…