Forbes Africa April 2013 (e magazine full)

FROM A SHOVEL

TO A KNIGHTHOOD

SAM JONAH

ABOUT THIS ISSUE

2 | FORBES AFRICA april 2013

CONTENTS — APRIL 2013

FORBES

10 | COVER STORY:

THE MAN WITH THE GOLDEN TOUCH

BY LERATO SEKO

4 | EDITOR’S DESK // Chris Bishop

8 | BRIEF 360°

FORBES FOCUS

16 | ClIppED WIngS

Blacky Komani recalls the exact time he made the decision to suspend

South african airline 1Time. Since then, he’s had a lot of time to think about

what went wrong.

BY UFRIEDA HO

22 | OSCAR’S lOST MIllIOnS

When South african athlete Oscar pistorius shot his girlfriend, reeva Steen￾kamp, on Valentine’s day, his sponsors distanced themselves.

BY TSHEPO TSHABALALA AND KARABO SEANEGO

32 | nO BuSInESS AS uSuAl

Thankfully the Kenyan elections turned out to be more of an expensive

nuisance than a violent threat for most of the country’s entrepreneurs.

BY GOVENOR MAKHUBELA

COVER IMAGE BY CHRIS TOWNEND fOR fORBES AfRICA

RETOUCHING BY THE VANILLA RAIN CREATIVE

20 | EPIPHANY:

NEVER LET A PUNCTURE SLOW YOU DOWN

BY SIYAVUYA MADIKANE

april 2013 FORBES AFRICA | 3

VOLUME 3 NUMBER 3

ENTREPRENEURS

36 | ExplAInIng ThE unThInKABlE

TO ThE gERMAnS

Bunga Kiala left angola to escape the war.

Now, he is blazing a trail in business in Berlin.

BY KRISTIN PALITZA

38 | A pluCKy DAvID BAnKIng

On BEATIng gOlIAThS

From David and Goliath to the giant in Jack and the

beanstalk; who doesn’t like the age-old story about the

little guy taking on the big guy and winning? This is the

story of african banking wizard, riaan Stassen.

BY LERATO SEKO

LUXURY SUPPLEMENT

58 | DAzzlIng DIAMOnDS

AnD AFRICAn gEMS

From the 3,106 carat Cullinan Diamond from South

africa to Tanzania’s rare Queen of Kilimanjaro tanzanite

stone, africa is known for the largest and most radiant

precious gems ever found. africa.com took a closer look

at some of the continent’s biggest and best inds.

BY AFRICA.COM EDITORIAL STAFF

EDITED BY FORBES AFRICA

INVESTMENT GUIDE

68 | MInIng ThOughTS // Brendan ryan

69 | ThE FInAnCIAl COnunDRuM

BEhInD ThE ThREAT OF DARKnESS //

James Styan

SPORT

74 | STAy AWAy FROM BOOzE

AnD BAD FRIEnDS, yOung MAn

african middleweight Tommy “Gun” Oosthuizen is on

the cusp of breaking into the big bucks and pay-TV in

the States—but only if he stays away from quick ists

and fast food.

BY FANIE HEYNS

THIS IS AFRICA

80 | 2013 ACADEMy

AWARDS WInnERS

34 | THREE MEN YOU CAN

BET YOUR LIfE ON

BY CHRIS BISHOP

72 | THE RISING STAR WITH THE

LAzY LUCkY EYE

BY MICHAEL SHERMAN

52 | luxuRy SupplEMEnT | 10 TOP WATCHES fOR 2013

BY TONI MUIR

4 | FORBES AFRICA april 2013

FORBES

EDITOR’S DESK — CHRIS BISHOP

“Carpe Diem”

Bite

The Ballot Bullet

BY CHRIS BISHOP, MANAGING EDITOR

him and the complexity of Kenyan politics

is probably beyond me.

During this year’s election, I caught a

glimpse of the 2007 mayhem on TV that

made me sick to my stomach. It was the

image of a tall man, probably in his forties,

running the gauntlet of a gang of thugs

on a road in the Kenyan hinterland. The

man was in distress; his shirt was torn and

hanging down the back of his legs, a sure

sign he was leeing a beating.

As the sweating man ran past

the camera, one of the thugs

kicked out, slicing the man

down at the knees. As the

man writhed in pain on the

loor the camera cut, prob￾ably at the insistence of one

of the attackers.

Now, most of us who have

covered numerous elections

know what happens. The

attackers would kick the man

on the ground senseless—if he was fortu￾nate he would wake up in hospital, cov￾ered in blood. People ask me what was the

worst I ever saw on this continent—was it

the tear gas, the bullets, or the blood? My

answer: the looks on the faces of the cow￾ardly thugs who jump onto their lonely

victims in packs. Those gloating, leering

and vicious looks make me shudder. In

fact, I am shuddering as I write this now.

What I am saying is that any hardship

is worth it, if it means avoiding brutality of

this kind that merely breeds more. In my

experience the swallowing of an election

result, no matter how unpalatable, can be

S

o, Kenya has elected its man.

Uhuru Kenyatta, the son of the

founding father of Kenya, has a

magic name in politics, if ever

there was one. There can be few

world leaders who have a irst name that

means freedom. Fewer names can evoke

the passion and power of a bygone era of

hope at the dawn of independence. He is

the irst son of a president to take the reins

of power in East Africa and

also the youngest at the age

of 51.

Another dubious irst

has been denied Kenya’s

new president. He is only

the second sitting president

to face charges of crimes

against humanity laid at

the International Criminal

Court (ICC) in The Hague;

the other being President

Omar al-Bashir of Sudan.

The charges relate to the appalling election

violence of the bloody Kenyan elections

of 2007, in which more than a thousand

people died. The political rivalry lared into

that most ugly cancer of the world: ethnic

violence.

If I were Kenyatta, my irst phone call

in oice would be to the ICC to arrange

a hearing as soon as possible. I would ly

to The Hague for my day in court, for a

chance to clear my name and clean the

slate. Aside from the moral question,

imagine the political capital that could be

made through an acquittal and triumphant

return to Nairobi. But then again, I am not

GOT SOMETHING TO SAY? WRITE TO US

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april 2013 FORBES AFRICA | 5

Views expressed by commentators in this publication are not necessarily those held by FORBES AFRICA or its members of staf. All facts

printed in FORBES AFRICA were conirmed as being correct at the time the magazine went to print.

the irst step to a brighter future.

The opposition in Kenya is appealing the result.

Wouldn’t it be better to draw a line under the election

and start afresh? Surely, it would be better to regroup and

prepare for the arduous task of opposition—keeping the

ruling party to account for its decisions, while redoubling

the eforts of activists on the ground ready for the next

election. In my view, this stoic and patient approach by

opposition parties, in hanging on and stoking debate, is as

much a part of nation building as drawing up policy. Then

again, I believe that day follows night and that the running

man writhing in agony can go back and teach the bullies a

lesson.

At stake, is the long-term prosperity of a country. For￾eign investors will always look at the likelihood of suc￾cessful free and fair elections before they decide to plough

their money into a country. Freedom, conident spending,

business stability and policy certainty usually go hand-in￾hand.

Let us hope Kenya can sort out its problems on the path

to stability. There is a lot riding on the country and even

the disgruntled opposition can sleep safe in the knowledge

that when a real change is afoot the people vote in a land￾slide that few can resist. I predict that at least one country

in southern Africa faces such an electoral tsunami this year.

Speaking of powerful forces, after half a century on

earth, I am on Twitter (@ChrisBishopZA). I thought that

if I said it quickly it would sound more familiar. It doesn’t.

I am a man who has built a career in journalism on read￾ing and listening to people. I feel all too often that on social

media, everyone is talking and few are listening. On the

other hand, I felt, as an editor, it was my duty. I will try

to tweet, with a sweet turn of phrase, only those morsels

that could inform and intrigue. It will be journalism and

FORBES AFRICA only.

To put it all in context, I telephoned my 13-year-old

daughter, who has been on social media shortly after going

onto solid food, to tell her of my foray onto Twitter.

“Whatever,” she says casually.

OMG.

FOrBES aFriCa INBOX

I was initially very impressed when

the irst issue of Forbes hit my desk –

great content, insights from business

leaders and inspirational tales about

adversity being turned into advantage.

Then it hit me – this can’t go on for

too long, can it? How many positive

stories could possibly come out of

Africa? I waited with anticipation for

the next issue to be proved right.

Issue two arrived with just as much

inspiration about the changing face of

Africa and its people. From stories of

losing your job with no concrete plan

B to big business deals, I’ve since been

sold on the pulsating beat of Africa’s

heart.

Every issue is a lesson in resilience

and for somebody in public relations

consultancy in an increasingly busy

and competitive Lusaka city, the

magazine demystiies business and

enterprise into an endeavor that one

can excel at.

You get knocked down so many

times in business and at times, the

tenacity to get up from the canvas

can be a really grueling challenge.

The inspiration, insight and analysis

by some of Africa’s leading lights in

business makes you feel you’ve got the

right team in your corner, refusing to

throw in the towel even in the twelfth

round.

At the end of each read, you’re not

only inspired but challenged to think

diferently and resist the precedents of

those who have gone without success

all because they did not go down the

path we’ve decided to take.

Forbes Africa is required reading if

the murky, meandering landscapes of

business and enterprise in Africa are

not only to be taken on but relished

as well.

Kachepa Mtumbi

Lusaka, Zambia

TESTIMONIAL FORBES AFRICA – NOW

AVAILABLE DIGITALLY!

The digital edition of FORBES AFRICA gives our

loyal readers an enhanced experience of the

magazine. Take it with you, wherever you go. Now

you have the opportunity to watch behind-the￾scenes footage of our cover shoots with Africa’s

wealthiest. It provides readers with additional

coverage and exclusive images of our special

features. FORBES AFRICA fans across the world

will receive much more than just the magazine’s

signature content, for which it is renowned.

The app is available on:

Android and iOS devices as

well as on the Magzter and

Zinio webstores.

Download the app for free

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6 | FORBES AFRICA april 2013

MANAGING EDITOR

Chris Bishop

GENERAL MANAGER

Davlynne lidbetter

ASSOCIATE EDITOR

vuyo Mvoko

SUB-EDITOR

Iga Motylska

BDM - EAST AfRICA

govenor Makhubela

BDM - WEST AfRICA

Radithebe Rammutle

FORBES

ISSN 2223-9073 is published monthly except for two issues combined periodically into one and occasional extra,

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ZIMBABWEANS SUPPORT DRAFT

CONSTITUTION

Ninety four and a half percent of Zimbabweans voted in

favor of the new draft constitution on March 16. A two￾thirds majority is required in Parliament before it is sent

to President Robert Mugabe for approval.

The referendum took almost four years to produce and

cost $50 million of donor funds. The amendments to

the constitution include: presidential term limits and

eliminating the president’s power to reject legislation; the

banning of cruel punishment and torture; the protection

of the freedom of press and expression as well as a rein￾forcement of gender equality. The new constitution calls

for the creation of a constitutional court to replace the

Supreme Court as the highest court in the country, which

will enforce fundamental rights.

Zimbabwean elections are expected to take place

between July and October. This is said to be the most

important election since 1980 and could possibly end the

33-year reign of Mugabe. If he approves the new consti￾tution and wins, he could remain in oice for another two

ive-year terms, until he is 99.

NEWS LINES

VENEZUELA: 58-year-old Hugo

Chavez, president of Venezuela,

passed away on March 5. He ruled

from 1999.

FEMALE UN CHIEF: Activists from

South Sudan are prompting the

United Nations General Assembly to

consider a female successor to its

current chief, Ban Ki- Moon, after 68

years of male dominance.

AIRPORTS: Airports Council Inter￾national (ACI) named Cape Town

International Airport the best airport

on the continent, followed by Durban,

Cairo, Mauritius and Johannesburg.

LEADERS: The World Economic

Forum (WEF) named Alex Okosi,

senior vice president and managing

director of Viacom International Media

Networks Africa, a 2013 Young Global

Leader. Okosi was featured in the

November issue of FORBES AFRICA.

INNOVATION: The world’s irst

Climate Innovation Centre (CIC) was

established in Kenya by the World

Bank Group’s infoDev program, to

help companies working with climate￾related technologies turn their ideas

into viable businesses.

SOCCER: According to FIFA rankings:

Ivory Coast is ranked irst in Africa and

13th in the World, followed by Ghana,

which is 20th in the world. Third

is Mali, which is 24th in the world.

Nigeria and Algeria were the other top

ranking African nations.

BOAT: At least 45 people drowned

after a wooden boat traveling from

Nigeria to Gabon sank. The boat,

carrying 166 passengers, capsized

40 nautical miles of Nigeria’s shore.

There were two survivors, the

remainder are unaccounted for.

NEW POPE IN THE VATICAN

After three days of discussions, Jorge

Mario Bergoglio (76) was chosen as the

266th pontif of the Roman Catholic

Church. Bergoglio, the irst non-Europe￾an pope in more than 1,200 years, suc￾ceeds Pope Benedict XVI who unexpect￾edly resigned in February. Bergoglio took

the name Pope Francis I, to honor Saint

Francis of Assisi.

“A saint that transcends the Catholic

Church and is loved by all people, a saint

who reached out for simplicity... poverty

and care for the poor,” according to

Reverend Thomas Rosica, spokesman for

the Vatican.

The two African Cardinals in the running

were Ghana’s Peter Turkson (64) and

Nigeria’s Francis Arinze (80).

DANGOTE GETS RICHER

Alhaji Aliko Dangote

moved up 33 places from

the 76th position to 43

on Forbes’ ‘The Richest

People on the Planet

2013’ list. Dangote was

reportedly valued at $16.1

billion in 2013, strength￾ening his position as the

richest man in Africa, for

the third year in a row.

Other Africans who made

it onto the list include:

Mike Adenuga—the sec￾ond richest man in Nigeria

and 267th in the world,

with $4.7 billion. Adenuga made his wealth from mobile

telecommunications and oil. Patrice Motsepe is ranked

490th on the list. He is South Africa’s irst and only black

billionaire with a fortune of $2.9 billion.

Ranked at 490 is Isabel Dos Santos, the richest woman

in Africa. Dos Santos’s fortune, from her involvement in

inancial investments is said to be more than $2 billion.

DEADLIEST NIGERIAN

BOMBING IN MONTHS

Two suicide car-bombers struck a bus

station in the Christian neighborhood of

Kano, Nigeria, killing at least 41 people.

Oicials say that at least 65 others were

wounded. It is reported to have been the

deadliest attack in nine months. Although

no group has claimed responsibility

for the attack, many suspect Islamist

extremist group Boko Haram. President

Goodluck Jonathan condemned the

attack and declared that the govern￾ment would continue "its unrelenting war

against terrorists".