Forbes Africa 2013 February (e-magazine full)

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FEBRUARY 2013 FORBES AFRICA | 1

CONTENTS — FEBRUARY 2013 VOLUME 3 NUMBER 1

8 | EDITOR’S DESK // Chris Bishop

12 | BRIEF 360°

FORBES FOCUS

28 | The Tide Turns

Namibia’s ruling SWAPO (South West Africa People’s Organization) has signaled a break with liberation-era politics by

electing the pro-business, trade and industry minister Hage Geingob as their next presidential candidate.

BY John Grobler

30 | Mangaung Unpacked

It was a fierce and emotional battle over who would lead Africa’s biggest economy into the future.

There were heated exchanges and cries of corruption.

by Vuyo Mvoko

LIST

35 | The 20 Youngest Power Women In Africa

Here are some of the young African women, who have left their footprints on Africa soil in the last year.

Compiled by Farai Gudan

COVER PHOTOGRAPH BY Kelechi Amadiobi-Obi FOR FORBES AFRICA;

Retouching by the Vanilla Rain Creative

“We did very badly, but that failure was very

useful to me because it taught me a lot about

what not to do.”

— Hakeem Belo-Osagie

Chairman of Etisalat

PA GE 14

“I knew what this would mean for me: wealth

destruction, business destruction and family

destruction.”

— Carl Bates

Author of: The Laws of Extreme Business Success

PA GE 22

“What it really is, is an investment in

leadership and an investment in the future

of a country.”

— Oprah Winfrey

American talk show titan

PA GE 64

FORBES

A world of

potential in Africa

A world of

potential in Africa

To create new opportunities you have to start looking at the world a little differently. With shifting economic powers,

developing nations on the rise and socio-political change happening across the globe everyday – South Africa is

looking beyond conventional thinking.

With abundant natural resources, human potential and growth prospects, Africa

holds the key to truly global prosperity in the future. South Africa is leading the way

with modern infrastructure as well as working with financial institutions to help fund

development across the continent – unlocking Africa’s potential.

9794 Delegates DPS r4B.indd 1 2013/01/23 6:06 PM

A world of

potential in Africa

A world of

potential in Africa

To create new opportunities you have to start looking at the world a little differently. With shifting economic powers,

developing nations on the rise and socio-political change happening across the globe everyday – South Africa is

looking beyond conventional thinking.

With abundant natural resources, human potential and growth prospects, Africa

holds the key to truly global prosperity in the future. South Africa is leading the way

with modern infrastructure as well as working with financial institutions to help fund

development across the continent – unlocking Africa’s potential.

9794 Delegates DPS r4B.indd 1 2013/01/23 6:06 PM

6 | FORBES AFRICA FEBRUARY 2013

CONTENTS — FEBRUARY 2013 VOLUME 3 NUMBER 1

ENTREPRENEURS

40 | The Rionge Person To Ask For A Bribe

She stood up to 17 men demanding a bribe and is now reaping the rewards.

by Pete Guest

43 | AdVoice

Sirdar South Africa

RESOURCES SUPPLEMENT

46 | Mozambique’s Start ling Transformation

The transformation has been such that Beira port’s marketing manager, Felix Jaime Machado,

does not recognize the city in which he grew up.

By Julie Bain

52 | steel yourself for the worst of times

Nonkululeko Nyembezi-Heita has enough spirit to tackle the tough times in South Africa’s steel sector

but the CEO wishes the country could find its mojo once again.

By Julie Bain

59 |AdVoice

EXXARO

LIFE

60 | Nigeria’sNightingale

Nneka sticks her neck out to sing about corruption, oppression and life in Africa,

while everyone wants to hear about love.

By Clair MacDougall

72 | Glide Through Copenhagen For Free

Copenhagen is one of the greenest capital cities, which makes sightseeing a breeze.

By Kristin Palitza

TECHNOLOGY

78 | The Return Of The Technocrat

Taiwo Otiti, who runs IBM in West Africa, is back home and sitting pretty at the helm.

By Thebe Rammutle

INVESTMENT GUIDE

82 | making money, Making History //Tshepo Tshabalala

SPORT

92 | Killer Passes And Presidential Power In The Glory Of ‘96

As the Africa Cup of Nations plays out, FORBES AFRICA looks back on a fairy tale that saw champions born on an

emotional, rainy afternoon in Johannesburg.

By Chris Bishop

THIS IS AFRICA

96 | made in china

FORBES

8 | FORBES AFRICA FebrUARY 2013

FORBES

EDITOR’S DESK — CHRIS BISHOP

“Carpe Diem”

Got something to say? Write to us

[email protected]

Be Careful What You

Don’t Wish For—You Might Get It

BY CHRIS BISHOP, MANAGING EDITOR

stay, with trade between the two up to

$200 billion in 2012. According to Stan￾dard Bank, 18% of Africa’s imports came

from China, in the first 10 months of 2012.

If you got up this morning and put on your

fancy suit and shiny shoes, watched televi￾sion, played with your children and their

plastic toys, used your cellphone and then

sat down at your laptop, you could have

spent the entire time touching goods made

in China.

On the other side of the

coin, China wants: South Af￾rica’s platinum, iron ore and

rare earth; copper and coal

from Zambia; gold from Zim￾babwe and oil from Angola.

In this resources-themed

issue of FORBES AFRICA

you will read more of the

Chinese hunger for what lies

beneath the soil of Africa.

The state-run companies of

China, backed by huge reserves and safe

in the knowledge of pent-up demand back

home, are making hay while the sun shines

over Africa. They come in with a ferocious

work ethic, keep to themselves, bring in

their own experts and get on with it. Ruth￾lessness is key to man’s accomplishment,

goes another proverb.

Trade with China is very popular in

this part of the world—it is called “south￾south” cooperation, that is, business

between the emerging economies of the

southern hemisphere without the help or

hindrance of the big brothers in Europe

and the States. In return, the Chinese build

Deep breath everyone, a new

year is here; time to get your

breath back after another

year of squabbles. This conti￾nent appears to be riven by

squabbles with no end. No names, no pack

drill but there are perennial squabbles up

and down this beautiful continent, over

who should run the country, who should

make money, who shouldn’t. The grounds

for these squabbles are,

well, take your pick: politi￾cal, ancestry, geographical

location, skin color, lan￾guage, religion, you name it,

people can squabble about

it. Finger pointing is a game

anyone can play. The name

calling, the investigations,

the accusations—from the

north to the south, there

seems no end.

Just think, while these

squabbles are raging a superpower is very

quietly and efficiently cleaning up in Africa.

Yes folks, if it has evaded you so far, China

is growing in Africa, to borrow from a Chi￾nese proverb, like bamboo shoots after rain.

In mines, factories and shops across Africa,

Chinese entrepreneurs are working at cap￾turing business that others either couldn’t

see or couldn’t work hard enough to take

advantage of. Another Chinese proverb:

don’t stand by the water and long for fish;

go home and weave a net. In other words,

while we are squabbling, the Chinese are

fishing.

Make no mistake, China is in Africa to