Business & Finance
Forbes Africa

Forbes Africa

April 2020

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.

South Africa
ABN Publishing Pty Ltd (trading as Forbes Africa)
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$3.59(Incl. tax)
$29.67(Incl. tax)
11 Issues

In this issue

1 min.
forbes africa

Chairman: Zafar Siddiqi Founder & Publisher: Rakesh Wahi Managing Director: Roberta Naicker Executive Director: Sid Wahi Non-Executive Director: Sam Bhembe MANAGING EDITOR Renuka Methil ART DIRECTOR Lucy Nkosi PHOTOJOURNALIST Motlabana Monnakgotla JOURNALIST Karen Mwendera JOURNALIST – WEST AFRICA Peace Hyde DIRECTOR, BUSINESS DEVELOPMENT AND STRATEGY Kudzai Kanyangarara PRODUCTION AND DISTRIBUTION Sikona Cibini BUSINESS DEVELOPMENT MANAGER – WEST AFRICA Patrick Omitoki ABN MANAGEMENT TEAM Group Head of West Africa: Frederic Van de vyver Head of Programming, CNBC Africa: Chris Bishop Group Head of Technical Operations: Jean Landsberg Head of East Africa: Denham Pons Head of Finance: Thameshan Sooriah FORBES USA Editor-in-Chief: Steve Forbes Chief Content Officer: Randall Lane Art & Design: Robert Mansfield Editorial Director, International Editions: Katya Soldak FORBES MEDIA President & CEO: Michael Federie Senior Advisor, International: Tom Wolf…

3 min.
humanity in the time of corona

PRINT WILL NEVER BE ABLE TO KEEP UP WITH the numbers. This seems to be a virus that has reared its ugly head specifically for the digital age, with dramatically increasing numbers that even news websites are struggling to keep up with, and spreading even faster than you can mutter the full trilogy of terms associated with it – Coronavirus, Covid-19, and SARS-CoV-2. Africa has been hit too, and the exponential curve is not looking good. At the time of going to press, South Africa, for example, reported 116 confirmed cases. By the time this magazine is out, that figure could have more than quintupled. The all-pervasive, anti-social virus that took us off-guard, disrupting lives and livelihoods the world over at the start of this decade, has demanded extraordinary responses to a reality…

4 min.
the fundamental steps in finding equality and happiness

MY VISIT TO DURBAN IN South Africa’s KwaZulu-Natal province in the first week of March to attend the 2020 FORBES WOMAN AFRICA Leading Women Summit was a memorable one. It did not go without challenges; the most prominent one being the first case of coronavirus in South Africa being confirmed in Durban on the eve of the summit. There was a momentary discussion on whether the event needed to be cancelled but our host government took an informed decision to continue with the proceedings. Despite a number of last-minute cancellations on account of travel restrictions, the annual gathering was attended by about 800 ladies from different parts of the world who participated in some extremely stimulating and topical discussions that impact diversity and equality. It was perhaps a time that men…

6 min.
once upon a dreamer

A WEEK AFTER TAKING SHOTS at President Trump’s immigration policies on Jimmy Fallon’s Tonight Showlast January, Grammy-nominated rapper She’yaa “21 Savage” Bin Abraham-Joseph was detained for ten days by U.S. Immigration & Customs Enforcement. Born in the U.K., Abraham-Joseph moved to Atlanta at age 7 with his family and had overstayed his original visa by many years. “He’s a gangster,” the 27-year-old performer said of the president in an October interview with Forbes. “He don’t give a damn.” 21 Savage, a member of the 2019 Forbes Under 30, is a “Dreamer” — one of an estimated 3.6 million people living in the U.S. after having arrived undocumented as a youth. Among them are nearly 800,000 who, by meeting any of a number of criteria (military service, a high-school diploma, no criminal…

4 min.
testing times

SOUTH AFRICA’S RAND CURRENCY REACHED ITS lowest in more than four years while the composite Johannesburg Stock Exchange (JSE) All Share Index recorded its worst drop in 23 years after the World Health Organization declared the outbreak a global pandemic, wiping billions of dollars from the value of companies listed on Africa’s most liquid and biggest stock exchange. And it’s been mostly downhill ever since. Business confidence in the first quarter of 2020 fell to a 21-year low, the Bureau for Economic Research reported, citing the prospect of slower or no growth at all in an economy that was already in recession in the last six months of 2019. At the time of writing, there were 116 confirmed cases and no deaths, according to the National Institute for Communicable Diseases in…

4 min.
how to prepare your business for the contagion

A PANDEMIC ON THIS SCALE WILL HAVE A domino effect on society at large and experts anticipate hospitals struggling to cope with the volume of cases, social gatherings being banned outright, and ultimately workplaces disrupted in the wake of the contagious coronavirus. For now (at the time of going to press), Africa as a whole has a relatively lower caseload and is better prepared than many nations to deal with a pandemic. Says Hendrik Scholtz, an expert in pandemic management who worked on MERS (Middle East Respiratory Syndrome) with a background in pathology and is currently General Manager at the worldwide headquarters of International SOS in Singapore, responsible for 1,200 medical doctors and 4,000 paramedics and nurses active in 92 countries globally: “The low numbers [in Africa] are a genuine reflection…