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Forbes Africa

Forbes Africa April 2020

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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)
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6 Issues

in this issue

3 min.
humanity in the time of corona

PRINT WILL NEVER BE ABLE TO KEEP UP WITH the numbers. This seems to be a virus that has reared its ugly head specifically for the digital age, with dramatically increasing numbers that even news websites are struggling to keep up with, and spreading even faster than you can mutter the full trilogy of terms associated with it – Coronavirus, Covid-19, and SARS-CoV-2. Africa has been hit too, and the exponential curve is not looking good. At the time of going to press, South Africa, for example, reported 116 confirmed cases. By the time this magazine is out, that figure could have more than quintupled. The all-pervasive, anti-social virus that took us off-guard, disrupting lives and livelihoods the world over at the start of this decade, has demanded extraordinary responses to a reality…

4 min.
the fundamental steps in finding equality and happiness

MY VISIT TO DURBAN IN South Africa’s KwaZulu-Natal province in the first week of March to attend the 2020 FORBES WOMAN AFRICA Leading Women Summit was a memorable one. It did not go without challenges; the most prominent one being the first case of coronavirus in South Africa being confirmed in Durban on the eve of the summit. There was a momentary discussion on whether the event needed to be cancelled but our host government took an informed decision to continue with the proceedings. Despite a number of last-minute cancellations on account of travel restrictions, the annual gathering was attended by about 800 ladies from different parts of the world who participated in some extremely stimulating and topical discussions that impact diversity and equality. It was perhaps a time that men…

6 min.
once upon a dreamer

A WEEK AFTER TAKING SHOTS at President Trump’s immigration policies on Jimmy Fallon’s Tonight Showlast January, Grammy-nominated rapper She’yaa “21 Savage” Bin Abraham-Joseph was detained for ten days by U.S. Immigration & Customs Enforcement. Born in the U.K., Abraham-Joseph moved to Atlanta at age 7 with his family and had overstayed his original visa by many years. “He’s a gangster,” the 27-year-old performer said of the president in an October interview with Forbes. “He don’t give a damn.” 21 Savage, a member of the 2019 Forbes Under 30, is a “Dreamer” — one of an estimated 3.6 million people living in the U.S. after having arrived undocumented as a youth. Among them are nearly 800,000 who, by meeting any of a number of criteria (military service, a high-school diploma, no criminal…

4 min.
testing times

SOUTH AFRICA’S RAND CURRENCY REACHED ITS lowest in more than four years while the composite Johannesburg Stock Exchange (JSE) All Share Index recorded its worst drop in 23 years after the World Health Organization declared the outbreak a global pandemic, wiping billions of dollars from the value of companies listed on Africa’s most liquid and biggest stock exchange. And it’s been mostly downhill ever since. Business confidence in the first quarter of 2020 fell to a 21-year low, the Bureau for Economic Research reported, citing the prospect of slower or no growth at all in an economy that was already in recession in the last six months of 2019. At the time of writing, there were 116 confirmed cases and no deaths, according to the National Institute for Communicable Diseases in…

4 min.
how to prepare your business for the contagion

A PANDEMIC ON THIS SCALE WILL HAVE A domino effect on society at large and experts anticipate hospitals struggling to cope with the volume of cases, social gatherings being banned outright, and ultimately workplaces disrupted in the wake of the contagious coronavirus. For now (at the time of going to press), Africa as a whole has a relatively lower caseload and is better prepared than many nations to deal with a pandemic. Says Hendrik Scholtz, an expert in pandemic management who worked on MERS (Middle East Respiratory Syndrome) with a background in pathology and is currently General Manager at the worldwide headquarters of International SOS in Singapore, responsible for 1,200 medical doctors and 4,000 paramedics and nurses active in 92 countries globally: “The low numbers [in Africa] are a genuine reflection…

1 min.
checklist: what companies can do

• Set up the reception desk with wipes, hand sanitizers and a sign that discourages handshaking • Set up hand sanitizers around “hot spots” like the kettle, photocopier, finger print scanner and water coolers • Ensure the bathrooms are up to scratch with hand-washing liquid and an effective way to dry hands • Put up posters reminding people to comply with hygiene standards and of hygiene etiquette like sneezing into a tissue or your elbow • Start implementing “checks” before people are allowed in the building to ensure sick people keep a wide berth • Ensure sick leave is actually taken • Have a contingency plan for absenteeism • Restrict travel to conferences and international countries • Encourage your employees to get the flu vaccine. Although this won’t impact the spread of SARS-CoV-2, it means that any flu-like…