Business & Finance
Forbes Africa

Forbes Africa April 2019

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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₹ 168.36
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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: Busi Mabuza Non-Executive Director: Sam Bhembe MANAGING EDITOR Renuka Methil SUB EDITOR Unathi Shologu LAYOUT AND GRAPHIC DESIGN Lucy Nkosi | Katlego Banoe PHOTOJOURNALISTS Motlabana Monnakgotla Gypseenia Lion JOURNALISTS Melitta Ngalonkulu 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 BUSINESS DEVELOPMENT MANAGER – EAST AFRICA Patrick Ojil ABN MANAGEMENT TEAM Group Head of West Africa: Frederic Van de vyver Head of Programming, CNBC Africa: Chris Bishop Group Head of ABN Productions: Alexander Leibner 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…

2 min.
the blood, sweat and tears of africa

APRIL IS A MONTH of remembrance, and forgiveness. This year, April marks a quarter century of a free South Africa. On the eve of the nation’s elections next month, it is time to reflect on a racial past and an uncertain future Eskom-ed into darkness. Elsewhere on the continent, in Rwanda, where I have spent many evenings marveling at the starry night sky descending on its rolling green hills, April is a month of collective calm and silent prayer. This is the time the whole nation comes together to commemorate and grieve its million dead in the genocide against the Tutsi in 1994. Twenty-five years ago, the streets that are today immaculately green and clean and offering wifi, were littered with the dead in a bloody massacre that lasted a hundred days, as…

4 min.
equality as a living value

THERE IS SOMETHING about Durban that is genetically connected to me. My father stopped in Durban in 1956 on his way back from the United Kingdom where he served for two years with the British Army. He spoke to us about his brief experience at a time when South Africa was at a different stage in history. I guess it was in my destiny to follow in his footsteps. I have been to Durban many times and it has been an inadvertent calling. When we launched CNBC Africa, I went down to Zimbali to attend a lekgotla; “a consultative process between a group following a common goal”. The guest of honor was none other than the then Commissioner of SARS, Pravin Gordhan. I continued this flirtation with Durban through the years…

5 min.
brief 360

SOUTH AFRICA IN PERPETUAL DARKNESS In mid-January, South Africa’s energy provider Eskom, for the first time in history, implemented stage 4 load-shedding after seven generating units tripped. There have been rolling blackouts since. Eskom and government have started planning for stage 5 and stage 6 load-shedding, according to officials who say that there is a race against time to ensure that a national blackout and grid collapse does not happen. Stage 5 and stage 6 load-shedding imply shedding 5,000 MW and 6,000 MW, respectively. Eskom’s website also contains load-shedding schedules up to stage 8 but has not implemented stages beyond stage 4, yet. At the first major briefing to explain the fourth day of stage 4 power cuts, Minister of Public Enterprises Pravin Gordhan said that the government and Eskom were determined not to go…

18 min.
the industrialists who have tasted sucrose and success

IT’S A BUMPY 100KM DRIVE from the Ugandan capital of Kampala to the town of Kakira in the east. Past the swaying sugarcane plantations and green hillocks and roundabouts intermittently featuring the words ‘Madhvani’ and ‘Sugar’ that announce you have arrived, a tranquil avenue, immaculately lined by pine trees and acacia, leads to Kakira. From this little town, an international empire was built, with a reach in far and distant lands. To this little town, have many a cavalcade, bearing presidents and global business tycoons, made its way. At the sugar factory that is the pulsating heart of Kakira, the quiet of the verdant landscape rapidly gives way to the deafening sound of production. The sound of enterprise, the sound of African industry. Close to the equator and Jinja, the source of the Nile, I…

3 min.
uganda sees 11% growth in sugar out put this year

UGANDA EXPECTS SUGAR output to rise 11% this year as three mills under construction in the country’s northern and eastern regions come online, officials say. “Production is currently at 450,000 metric tons. When three new factories that are under construction and development start producing, we will go up to a half a million metric tons,” Uganda’s Trade and Industry Minister Amelia Kyambadde says in an interview with FORBES AFRICA. The East African country is only able to consume 360,000 tons per year, leaving a surplus for export in a region that’s grappling with deficits. Uganda exports sugar to the DRC, Kenya, Rwanda, South Sudan and Tanzania. Underpinning the country’s sugar sector are millers, including Kakira Sugar Works, the largest producer. Sugar Corporation of Uganda Limited – Lugazi and Kinyara Sugar Works are the…