Business & Finance
Forbes Africa

Forbes Africa August 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
₹ 1,392.47
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 ART DIRECTOR Lucy Nkosi PHOTOJOURNALISTS Motlabana Monnakgotla Gypseenia Lion 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 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…

3 min.
heading for the stars

“ I WANT TO DIE ON Mars,” said the genial 67-year-old owner of the house I used to rent in Hyde Park, one of Johannesburg’s plush, leafy suburbs. We were at home one summer’s day in 2014, meeting for the first time, and she uttered these words, very matter-of-factly, over tea and tramezzini sandwiches by my kitchen counter. A widow, who had lost her husband in an armed robbery attack some years before, she had signed up for the Mars One program “to be on a habitable settlement on a planet other than Earth”. She was a retired IT developer, part-time opera singer, and full-time globe-trotter. The world was not enough for her. She had been basking on a sunny beach in Thailand when she received news of her clearing the first round of…

4 min.
investing in an important aspect of the future

IF WE BELIEVE IN EVOLUTION, then, we must agree that life comes full circle. Everyone has read the fairy tale – Snow White and the Seven Dwarfs and the famous words of the queen: “Mirror mirror on the wall, who is the fairest of them all?” Whether it was the fairy tale or extrapolated to real life, the answer has been a rhetoric that defines self-adulation; nothing wrong with that as countries and people always believe they are the best. I was on a road trip in the United Kingdom (UK) in May to meet with leading universities. It has been my mission to bring quality educational institutions and programs to emerging markets, particularly to sub-Saharan Africa. On this quest, I have traveled from London through to all the major universities…

6 min.
brief 360

SA-CHINA TIES STRENGTHEN AMID TRADE WAR A Chinese economic and trade delegation consisting of 60 entrepreneurs from more than 40 major companies signed 93 cooperation agreements with their South African counterparts at the end of June. Trade and Industry Minister Ebrahim Patel said the agreements between Chinese buyers and South African suppliers would create jobs for young people in South Africa, expand the industrial space and help ensure that the country has inclusive economic growth. In another related story, China’s assistant minister of commerce, Ren Hongbin, said an additional $30 million investment into Beijing Automotive Industrial Corporation’s new automotive assembly plant being developed in the Coega special economic zone was also announced. China is South Africa’s biggest trading partner, and South Africa is China’s biggest trading partner in Africa, with a joint trade balance…

23 min.
feisty, fearless & future - proof

“FOR ME, BEING BLACK REALLY GAVE ME PURPOSE. I CAN IMAGINE THAT IF I WAS LIVING IN A WORLD THAT WAS READYMADE FOR ME, LIFE WOULD HAVE BEEN VERY BORING.”– NONKULULEKO GOBODO ON A SUNNY WINTER’S afternoon in a quiet suburb of Randburg in greater Johannesburg, a second white Mercedes-Benz pulls up in the driveway of a photographic studio, and finds a shady spot to park. Already seated next to a pool glinting blue in the sunlight, an elegant woman dressed in black and white sips green tea and talks about her early life growing up in the former Bantustan of Transkei in South Africa. Absorbed in recounting her story, she looks up as a tall, slender woman, also in a chic black and white ensemble, walks towards her. The two women…

1 min.
‘the world is not kind to strong women leaders’

What were the greatest challenges she faced during her career? “Making a success of your life in the South Africa of the past. As a black person, you always started from a place of being dismissed, as a woman, you always started from a place of being dismissed. So you had to be true to yourself and find yourself for you to be able to succeed. And that was hard. I don’t want to make it as if it was easy. “The second thing was being a strong woman leader. The world is not kind to strong women leaders. And for me, being a strong woman leader was the hardest thing because both men and women don’t accept a strong woman leader. So you have this big vision, you are driven, you…