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Forbes Africa

Forbes Africa December 2020 - January 2021

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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)
6 Issues

in this issue

3 min.
we will never return

THERE HAS BEEN RENEWED FOCUS ON MENTAL wellbeing this year. When entire systems and economies crumble under the weight of the Covid carnage, you reach out for every smidgen of hope that things will turn around. When the external environment isn’t really helping, you seek out the inner. I recall an interview with Dr Deepak Chopra, the new age guru and alternative medicine advocate, in Johannesburg in 2015. He was seated on a jacquard wingback sofa at the end of a long, empty ballroom in the art deco-inspired Michelangelo hotel in Sandton. “When is emotional and financial wellbeing truly achieved?” I asked him, seated on the lone chair next to him. He looked at me questioningly, as though I had thrown him a curveball. “Ten percent of your daily happiness experience comes from…

7 min.
‘think big, strategize and then get your hands dirty for results’

This year has passed by in a flash; the year can be characterized by its cricketing synonym 20/20. It will unfortunately remain a year etched in history, like 1918, for all the wrong reasons; when there has been abject realization that we only have the illusion of being in control of what is happening around us. The reality is so far removed. Just when we thought that we had conquered the world and had answers to all problems, we discovered that even the pantomaths amongst us have a long way to go before we can get into a comfort zone of being enlightened; even after which, I believe, we will remain the proverbial ostrich with its head buried in the sand. Personally, for me, the last eight months have been…

3 min.
in the right spirit

IF YOU CAN SPARKLE IN THE entertainment world, chances are you can bring the same spirit to the boardroom as a CEO. After 16 years in the music industry, Ntombezinhle Jiyane, popularly known as ‘DJ Zinhle’ and one of South Africa’s most-renowned deejays, is proving that right. She has acquired equity in the international sparkling wine beverage, Boulevard Nectar Rosè, and has taken over as CEO. In a recent interview with FORBES AFRICA, the artist, famous for her Umlilo music, spoke about how excited she is to be working with a brand she shares synergy with: “I love to celebrate, whether it’s at my house, whether it’s at a gig. Celebrations have also been part of my life for the past 16 years as a DJ, and Boulevard fits perfectly into that.…

3 min.
what was trending in africa in 2020?

#ENDSars: Just as the country celebrated its diamond jubilee, police brutality protests started on October 7 in Nigeria calling for the disbanding of infamous police unit, , the Special Anti-Robbery Squad (SARS), which had long been accused of extortion, torture, and extra-judicial killings. #CongoIsBleeding: Exploitation in the mines of the Democratic Republic of the Congo (DRC) received attention in October to highlight child slavery, deadly conflicts, and corruption spawned by the quest to feed mega-companies with minerals. #ShutItAllDown: This was a wave of ongoing gender-based violence protests across Namibia aimed at stopping the spread of rape and the killing of women. According to CNN, the protests were in response to news of another attack, in turn, those protestors threatened to leave everything at a standstill for four days earlier in October. #ZimbabweanLivesMatter: A…

2 min.
south africa investment conference bags $7 billion in commitments

The third South Africa Investment Conference was held on November 17-18 in Johannesburg, bringing together powerhouses from the public and private sectors to discuss issues around the South African economy and drum up investment for the country. In the past two years, R660 billion ($42.5 billion) has been raised by the conference and this year’s investment drive raised R109.6 billion ($7 billion). The panels held over two days addressed participants both digitally and in person. A total of nine discussions took place and each delved into a pertinent issue related to rebuilding the economy. The Director-General of the BRICS’ New Development Bank, Monale Ratsoma, announced that the bank would be investing $2 billion towards the development of South Africa’s infrastructure. Ratsoma was firm on the involvement of the government in…

7 min.
all you need to know about the covid-19 vaccine

SOMEWHERE IN THE DEEP UNEXPLORED depths of Madagascar, an unknown herb is probably on its way to becoming a global panacea for the pandemic. This is Africa, a continent ripe with possibilities, where you cannot rule out that a cure for Covid-19 could perhaps come from nature itself. Just like Madagascar, currently touting Artemisia Afra (umhlonyane in Nguni languages and previously used as an ingredient for treating malaria) as a potential cure for Covid-19, bigger economies like South Africa are also looking to the botanical world for answers. Its national Department of Basic Education has reassigned R15 million ($960,982) of its budget on Covid-19 interventions such as Artemisia. Nigeria has also made a move towards a more homeopathic approach, as a ministerial committee has been put in place to further examine…