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Forbes Africa October 2018

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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23,26 kr.(Inkl. moms)
192,36 kr.(Inkl. moms)
11 Udgivelser


access_time3 min.
the right connections

When a billionaire talks, you L.I.S.T.E.N. You grab on to every word before the moment flees forever. For indeed, these are the words that can potentially turn around the fortunes of companies, countries and capital markets. I remember one indelible word in particular that came my way, as I sat on the edge of a plush, grey sofa in the foyer of the Johannesburg Stock Exchange. The corridors of capitalism fell silent too, listening with unusual calm for a Monday morning. And this word was ‘fiduciary’, mentioned to me by visiting FORBES’ billionaire Azim Premji, a son of India and the czar of software; a tycoon especially known to be a man of few words. I had read that the suited, silver-haired gentleman had gifted a mighty chunk of his $16.7 billion wealth…

access_time5 min.
brief 360

THE CEO WHO CREATED A FIZZ PepsiCo CEO, Indra Nooyi, is stepping down in October after 12 years at the company’s helm. She has driven the soda-and-snacks company as one of the world’s most iconic global companies. Nooyi, 62, steered the maker of Mountain Dew, Gatorade and Doritos chips, into hummus, kombucha and other healthier products with mixed results. During her tenure, the company’s annual revenue increased 81% to $63.5 billion last year. Nooyi has been among the world’s most powerful CEOs. SA’S CRIME RATE RAISES CONCERN South Africa’s recently-released crime statistics reveal 57 people are murdered every day in the country. The national police ministry statistics also showed that the Eastern Cape is South Africa’s most dangerous province with a murder rate of 58.7. The statistics covered the period from April 2017…

access_time2 min.
african notebook

NIGERIA RESIGNATION: Nigeria’s finance minister Kemi Adeosun has resigned after being at the helm of the country’s finance ministry for more than three years. The resignation comes amid allegations she presented a fake national service exemption certificate in order to qualify for public office. SOUTH AFRICA SHARES: Giant media group, Naspers, will list its Video Entertainment business separately on the Johannesburg Stock Exchange (JSE) and simultaneously unbundle the shares to shareholders in the first half of next year. The new company will be named MultiChoice Group and will include MultiChoice South Africa, MultiChoice Africa, Showmax Africa, and Irdeto. This will increase the Phuthuma Nathi broad-based black economic empowerment (BBBEE) shareholders’ interest in MultiChoice South Africa to 25%. PLUNGE: Drug-maker Aspen Pharmacare shares crashed almost 15% to R232.06 ($15.56) after it sold its infant-formula business…

access_time14 min.
mr. development

"AGRICULTURE IS THE COOLEST THING YOU CAN THINK ABOUT. NOBODY DRINKS OIL, BUT EVERYBODY EATS FOOD... IN AGRICULTURE, I BELIEVE THAT AFRICA CAN INDUSTRIALIZE" Akinwumi A. Adesina has just got off a transcontinental flight but shows no signs of jetlag whatsoever. He is immaculately dressed in a sharp suit complete with his trademark bowtie –a red one today – and is full of boundless energy. He is the man with substance, style and a sound bite for every occasion. The 58-year-old cannot let long days or long flights rob him of the zest he needs to run a mammoth development bank in Africa. “I am somebody who is focused in life. The only thing that gives me satisfaction is seeing people transform and not just in terms of one or two but in…

access_time6 min.
the crash – 10 years on

It has already been 10 years since the collapse of Lehman Brothers in the United States (US), an event that shook the world and triggered the biggest financial crisis since the Great Depression of 1929. People from New York to London, Hong Kong to Johannesburg, lost billions as stock markets crashed and the global economy plunged into recession. Watching it all happen was Russell Loubser, the former boss of Africa’s largest stock exchange, the Johannesburg Stock Exchange (JSE), located on Gwen Lane in the plush suburb of Sandton. For him, memories of September 15, 2008, are as clear as day. “I will never forget it, I was too scared to leave the building,” says Loubser to CNBC Africa. “I was convinced the world financial markets were on the brink of collapse.” He wasn’t…

access_time10 min.
‘together is when we are going to succeed’

“YOU WILL NEVER KILL CORRUPTION COMPLETELY.” Q Philosophers and poets have been talking about a united Africa for decades. On the business front, it seems on the cards. We are talking about an African Continental Free Trade Area. As Chairperson of the African Union, how are you going to make this happen? A. Africa coming together and being united is a very important task and responsibility for all of us. It’s never going to be a task of the Chairperson of the African Union alone. What the Chairperson does is to govern the understanding and support and bring everyone together so we do what needs to be done for our continent to be unified. We have already started with the Continental Free Trade Area; before that, we have been talking about regional…