/ Business & Finans
Forbes AfricaForbes Africa

Forbes Africa November 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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11 Udgivelser


3 min.
encountering raw power

The elephant in the room. I have heard this idiom countless times at meetings and summits, referring to obvious problems no one wants to address. And every time I hear it, I see the elephant in the room. The reason? I have literally had an elephant in my room. Some of the infinite joys of this profession I hold so dear are the unlimited opportunities to chase the stories you dream of – and occasionally, have the stories chase you. As a young reporter with India’s biggest news magazine, I was once sent on assignment to the hilly ranges of the Western Ghats to track the endangered Nilgiri Tahr, a mountain goat endemic to the region. It was after 9PM when I arrived and checked into the hotel up the hill. On one side, it…

5 min.
brief 360

FAMILY ISSUES REWARD AFTER AFRICA’S YOUNGEST BILLIONAIRE GOES MISSING The family of billionaire Mohammed Dewji has issued a reward for anyone with information on his whereabouts. Dewji’s family has offered 1 billion Tanzanian Shillings ($436,674) to anyone who can help them find the president of the MeTL Group. The Tanzanian entrepreneur was abducted last month on his way to a gym session at a luxury hotel in Oyster Bay in Dar es Salaam. Azim Dewji, a family spokesperson, said in a statement: “We would also like to show our sincere gratitude to everyone for their tremendous outpouring of love and support that we have received in the wake of such adversity. We urge you to continue keeping MO in your prayers as our nation continues the search for him.” Dewji was featured on the cover…

1 min.
african notebook

DRC MINING: Canadian mining corporation Ivanhoe Mines has announced a major copper discovery in the DRC on its Makoko site. This is the third such discovery made by Ivanhoe in the country since it began drilling on its 700sqkm of licences in the Western Foreland area in July 2017. The Makoko site is west of its previous Kamoa-Kakula discovery. SOUTH AFRICA MINING: Last month, Minerals Resources Minister Gwede Mantashe issued the revised Mining Charter for the sustainable transformation and development of the mining industry. Plans are to raise black ownership at permit-holding mining companies to 30% from 26% within five years. ZIMBABWE MINING: South African platinum and chrome miner Tharisa says it will spend $11 million on exploring in Zimbabwe. Tharisa says its production hit record highs for the full year ending September 30 and…

3 min.
the work environment unpacked

PHILIP MORRIS SOUTH AFRICA GROUP OF COMPANIES RECOGNISED AS A CERTIFIED TOP EMPLOYER 2019 Philip Morris South Africa Group of Companies (PMSA) has been awarded the Top Employer certification for the third consecutive year in recognition of an excellent working environment and exceptional development opportunities. Philip Morris International Inc. (PMI) is a globally diverse organization with a talented and diverse workforce of more than 81,000 employees who speak more than 80 languages and come from all corners of the world. The key to our success is our employees. Our priority is to continue to attract, support and keep with us diverse and unique individuals. We are a leading international tobacco company, a dynamic global business, a center of leading-edge science and innovative product development, and an award-winning employer. WHAT IT MEANS TO BE A…

1 min.
throwing rocks for peace

About 10 kilometers from Johannesburg’s central business district is Westbury, a tiny township plagued by unemployment, gangsterism and drug wars. The area has a violent history. In September, community members took to the streets to protest the scourge of crime here. A woman had been shot dead and a little girl wounded in the crossfire between rival gangs. In this picture, Westbury locals throng the streets after a protest that had turned particularly sour. For three days, main roads were closed, as residents burned tyres and hurled rocks at policemen who they believed supported the gangs. Bheki Cele, South Africa’s police minister, visited Westbury to address the community over the increasing gang-related crimes in the area, saying he was on their side and promising to introduce policing units to restore order. South Africa’s recently-released crime…

14 min.
father & future

It’s always a difficult proposition, handing over the reins of a business you have painstakingly built ground-up. But for Pascal Dozie, Nigeria’s self-made investment and finance guru, there could not be a better successor than his eldest son, Uzoma Dozie, Group Managing Director and Chief Executive Officer of Diamond Bank. But Uzoma has learned from the best. The rise of Pascal Dozie can outrival any rags-to-riches Dickensian tale. He gained a fortune through tenacity, hard work and wit, on a long and difficult road from Owerri in Imo State where he was born in 1939. His entrepreneurial journey began against the backdrop of a Nigeria marred by the bloody Biafran war waged between 1967 and 1970 that saw over 30,000 Igbo lives lost. Pascal, at the time, was finishing his degree…