Business & Finance
Forbes Africa

Forbes Africa June 2016

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)
Read More
R 39,90
R 330
11 Issues

in this issue

4 min.
a clarion call to youth

George Bernard Shaw once said youth was wasted on the young; implying that the young are showered with opportunity, strength, idealism and health and end up doing very little with it. We at FORBES AFRICA beg to differ. This month we reveal our 30 under 30 entrepreneurs list; the young people to watch, the billionaires of tomorrow. We may not know who they are today, but we are all likely to want to know them years hence. This list was many months in the making with meticulous sifting, from our own under-30 journalist, Ancillar Mangena, of Bulawayo Zimbabwe, who did a sterling job. For many reasons this list will not only will be scrutinized and argued about, but also be a list that inspires the youth across the continent. Editing it was a…

5 min.
africa in brief

JAZZ RETURNS HOME Jazz is back in Sophiatown, more than 60 years after being swept away by police. Sophiatown, the former multi-racial town and cultural hub in Johannesburg, was home to African jazz greats such as Hugh Masekela and Miriam Makeba. In 1955, threatened by the growing population, police, under the apartheid regime, flattened Sophiatown and removed its residents. More than 60 years later, jazz is back. The brainchild behind this is Steve ‘Bra Steve’ Mokwena, a historian and filmmaker. He founded the Afrikan Freedom Station. “I was frustrated by seeing artists play in mediocre venues where the audiences didn’t pay attention,” says Mokwena. It appears jazz in Sophiatown will not be moved. BLACKOUT’S NO MORE? After years of power cuts and uncertainty, Africa’s biggest power generator says that power cuts could be a thing of the past. South…

6 min.
talking points

SAD LEGEND SHINES IN A COMIC Twenty-one years after the death of African football legend, Albert Johanneson, who died in obscurity and poverty in an English City, children will learn of his life through a cartoon book. Johanneson played for Leeds United and made history in May 1965, when he became the first African footballer to appear in an FA Cup final. Johanneson was born in 1940, in Germiston, a mining town near Johannesburg, and grew up during apartheid in South Africa. Football Unites, and Racism Divides, a British-based anti-racism organization (FURD) partnered with illustrator Archie Birch, from Cape Town, to publish a 24-page comic book detailing Johanneson’s story of struggle. “We hope that people will reflect upon the circumstances that Johanneson found himself in, almost totally alone in a strange, cold land and understand…

40 min.
30 under 30 tomorrow’s billionnaires today

Edited by Ancillar Mangena, a FORBES AFRICA journalist and an under 30 herself. She spent months looking for the best this continent has to offer. Research coupled with nominations from our readers brought the number to 250 potential under 30s. We worked for weeks, verifying and investigating, to whittle it down. We favored entrepreneurs with fresh ideas and took into account their business size, location, potential, struggles and determination. A panel of judges then debated the final 30. The list is in no particular order. 1. Joel Macharia, 29, Kenya Founder: Abacus Macharia stares failure in the eye. At just 29, he has made money, lost it; fallen into debt and built a stronger business from ashes. He is a born entrepreneur who never quits. “My earliest memory is selling and trading my lunch…

2 min.
whatever happened to the class of 2015?

Raindolf Owusu, Ghana At just 25, tech entrepreneur and founder of Oasis Websoft, Raindolf Owusu, wants to bring the internet to all Africans. At 23, he launched Anansi – Africa’s first web browser and developed a string of health apps, including Bisa, which gives the public information and access to doctors. Owusu was born in Accra, Ghana, and when he was 11, his father bought him a computer and his mother paid for programming lessons – he was hooked. Since then, he has been focused on building a successful software company. “We have eight doctors and experts. Over 5,000 people are currently using Bisa and our doctors have answered more than 3,000 queries from the public. We’ll be expanding this technology in other African countries soon.” Bheki Kunene, South Africa Remember Bheki Kunene, founder of…

4 min.
african notebook

BUHARI WANTS ASSETS RETURNED, NOT APOLOGY Unaware that microphones were picking up his conversation with Queen Elizabeth at the garden party celebrating her 90th birthday, British Prime Minister David Cameron told her about preparations for an anti-corruption summit he hosted. He referred to Nigeria and Afghanistan as fantastically corrupt. The Nigerian Presidency said Cameron had not taken account of Muhammadu Buhari’s efforts to stamp out the evil described by US Secretary of State John Kerry as an enemy worse than extremism. Buhari attended that summit saying he was seeking not an apology but the swift return of assets stolen by corrupt Nigerian officials and salted away in Britain. The gathering turned the spotlight on wealthy western countries providing tax havens for corporations avoiding their financial obligations to African and other developing…