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Forbes Africa

Forbes Africa July 2019

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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)
₹ 203.45
₹ 1,682.64
6 Issues

in this issue

3 min.
leading africa’s tomorrow

THAT AFRICA has the world’s youngest population is nowhere more immediately obvious than on the streets of Sandton, famously known as the continent’s richest square mile, where a stroll in this prime South African real estate is a lesson in both urban attitude and designer fashion – the young sport both with candor. It’s almost as if professional trend forecasters have run out of alphabets to describe today’s hyperconnected youth – they are Generations Y (the millennials born in the mid-80s) and Z (the post-millennials), and before you know it, Generation Alpha (children of the millennials) will also be ready to make its precocious presence felt in the economy. One of these leafy Sandton streets I referred to earlier lead to the offices of FORBES AFRICA, where every day, I experience this…

4 min.
building cultural bridges in business

IT IS NO SECRET THAT THE WORLD of business today is seamless like a village marketplace. We often talk about diversity but forget that one of the key ingredients is learning from each other’s cultures. Having traveled to over 80 countries and worked in over half of them has given me some advantages in understanding how culture impacts the way we conduct ourselves, particularly in business. In the Middle East, Asia or Africa, taking time for introductions can seem inordinately long, and perceived disrespect towards elders in a boardroom dynamic can often lead to disagreement because of form rather than substance. Some Korean corporations mastered the art of business development through cultural understanding; they would send their top executives on a six-month holiday to the country they would be posted in.…

6 min.
brief 360

SOUTH SUDAN IN CRISIS The South Sudanese Civil War, an ongoing conflict in South Sudan between forces of the government and opposition forces, descended into a bloody situation where more than 100 people were killed, and the bodies were thrown in the river Nile. Dozens of female doctors were raped as part of the war, according to India Today. In December 2018, as part of the economic crisis, the prices of bread tripled which initiated a wave of protests across the country for the resignation of President Omar al-Bashir. After months of protests, Bashir was arrested in April and removed from power in a military coup announced by Sudanese defence minister, Awad Mohamed Ahmed Ibn Auf. In just weeks, the wave of optimism which filled the capital Khartoum had been replaced with bloodshed. At least…

5 min.
‘south africans love martyrs’

AT THE END OF MAY, SOUTH Africa’s sixth democratically-elected president, Cyril Ramaphosa, took an oath of office at Loftus Versfeld Stadium in Pretoria. In his speech, he touched on many issues that resonate with South Africans, including corruption, poverty, equality and youth unemployment. These burning matters prelude what is to be expected from him in his first 100 days in office. Ramaphosa’s period at the helm of power (before the elections) has been typified by repeated calls for a ‘New Dawn’. It seems the man who made it to the 2019 Time magazine list of 100 Most Influential in the world has a laundry list of issues to attend to if he is to set the tone for the rest of his presidency. The challenge that has deeply affected how South Africans and…

125 min.
30 under 30 the stars of tomorrow you should know today

1 Bruce Diale, 29, South Africa FOUNDER AND MANAGING DIRECTOR: BRUCOL GLOBAL DEVELOPMENT Bruce Diale went from living on R10 ($0.67) a day to founding a million-rand business. Born and raised in the Limpopo province of South Africa, Diale comes from humble beginnings. As a child, he prayed that one day he would be rich and his father would pick him up from school in an expensive car. That didn’t happen. Instead, he founded a business and was able to buy his own car. With the R500 ($33) given to him by his then girlfriend, and R3,000 ($202) raised from his younger brother who sold his PlayStation, Diale founded Brucol Global Development in 2014. It is an award-winning agricultural consulting company with the vision of innovating and revolutionizing the rural agricultural landscapes of Africa. The company has created…

3 min.
the making of the 1 list

THE FORBES AFRICA 30 UNDER 30 LIST IS THE most-anticipated list of game-changers on the continent and this year, we bring you 120 of Africa’s brightest achievers under the age of 30 and for the first time, four categories featuring 30 in each: Business, Technology, Creatives and Sport. From elevator manufacturing, solar energy design, to under-30s conquering the Alps and selling out the Apollo Theatre, this year’s list demonstrates how enterprising and extraordinary the African youth is. This list celebrates these pioneers who are building brands, creating jobs, and innovating, leading, transforming and contributing to new industries, in turn, changing the continent. “The future belongs to Africa and the future belongs to its youth,” says Jason Pau, Chief of Staff for International to billionaire Jack Ma, co-founder of Alibaba. He says the journey…