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All the numbers on South Africa’s crisis dashboard are blinking red. The economy is failing to grow and more and more young people find themselves on the outside looking in as education falters and jobs disappear. Energy and transport are in crisis. Governance is floundering as debt mounts and government runs out of money. Better Choices is a collection by South Africa’s top thinkers on the political economy, providing an unflinching account of the myriad challenges the country faces. The picture that emerges is of a nation on the brink of a catastrophic slide into failure unless better, if tough, policy choices are made. As stark as these problems are, their solutions are tantalisingly close at hand. The chapters in this book outline exactly the solutions – those ‘better choices’– that need to be made by leadership to alter the country’s bleak trajectory. South Africa cannot talk its way out of trouble. Key to success is removing the sources of friction – the red tape, over-regulation and rents – that slow down investment. This is only possible if a more effective, focused government acts decisively. Compiled by The Brenthurst Foundation, Africa’s leading think tank on economic development, Better Choices is for those who want to build a positive, inclusive future for South Africa.
News24’s top journalists who were on the ground give a riveting firsthand account of what went down when South Africa was set alight shortly after Jacob Zuma’s imprisonment. Dramatic and violent scenes unfolded in KwaZulu-Natal and Gauteng during the eight-day period of unrest and looting – the worst of its kind since apartheid ended. The violence claimed more than 300 lives and caused damage of R50 billion. The three authors were on the scene covering all aspects of the violence from its inception which began as protests against Zuma's incarceration before it spiraled into widespread looting and violence which was later labelled an insurrection. Includes dramatic detail of what went down in hotspot areas, as well as what happened behind the scenes politically, and how all the pieces of the puzzle fit together.
After unknown saboteurs toppled a strategic pylon near Lethabo Power Station in the Free State in November 2021, almost causing the country to plunge into stage 6 load shedding, Eskom’s chief executive officer André de Ruyter declared: ‘This was clearly now an act of sabotage and I think we can call it as such.’ Who was behind this, and what is their ultimate goal? Since his appointment in January 2020, De Ruyter has faced intense opposition from within the power utility as he attempts to clean up corruption and return the electricity company to a semblance of its former glory. He is not alone. Chief operating officer Jan Oberholzer and other trusted allies in Eskom have also come under intense fire. From forensic investigations and botched probes to accusations of racism, De Ruyter and Oberholzer have spent significant amounts of time fending off allegation after allegation. Amid this onslaught, it has become clear that their enemies will take any measures necessary to have them removed from office. Based on exclusive interviews with De Ruyter, Oberholzer and other key figures, Sabotage is a story of conspiracy and subterfuge at South Africa’s ailing power utility, uncovering the power struggles that threaten the country’s very survival.
This timely collection of essays analyses the crisis of journalism in contemporary South Africa at a period when the media and their role are frequently at the centre of public debate. The transition to digital news has been messy, random and unpredictable. The spread of news via social media platforms has given rise to political propaganda and fake news. Yet media companies oust experienced journalists in favour of 'content producers'. Against this backdrop, Daniels points out the contribution of investigative journalists to exposing corruption and sees new opportunities to forge a model for the future of non-profit, public-funded journalism. She argues for the power of public interest journalism and the reflection of a diversity of voices and positions in the news. The book addresses the gains and losses from decolonial and feminist perspectives and advocates for a radical shift in the way power is constituted by the media in the South African postcolony. With her years of experience as a newspaper journalist, Daniels writes with authority and illuminates complex issues about newsroom politics. A semi-autobiographical lens and interviews with alienated media professionals add a personal element that will appeal to a range of readers interested in the workings of the media.
In 1960, the GDP per capita in South East Asian countries was nearly half of that of Africa. By 1986, the gap had closed and today the trend is reversed, with more than half of the world’s poorest now living in Sub-Saharan Africa. Why has Asia developed while Africa lagged? The Asian Aspiration chronicles the untold stories of explosive growth and changing fortunes: the leaders, events and policy choices that lifted a billion people out of abject poverty within a single generation, the largest such shift in human history. The relevance of Asia’s example comes as Africa is facing a population boom, which can either lead to crisis or prosperity; and as Asia is again transforming, this time out of low-cost manufacturing into high-tech, leaving a void that is Africa’s for the taking. But far from the determinism of ‘Africa Rising’, this book calls for unprecedented pragmatism in the pursuit of African success.
How did a teenage refugee from communist Poland become one of the richest women in South Africa? In what ways did she disrupt the financial services industry? What drove her to become an activist exposing corporate and government corruption? What are her secrets for succeeding in business and life? The founder of multibillion-rand financial services empire Sygnia Limited, Magda Wierzycka is South Africa’s most successful businesswoman. In this engaging and insightful book, she tells the story of her life, from her childhood in communist Poland, her family’s escape and relocation to South Africa, her early struggles in the male-dominated financial services industry, and the formation and growth of her own company, Sygnia. With a business model built on transparency and low fees, it was a natural step for Magda to become an outspoken critic of corporate and government corruption, exposing wrongdoing and making her many powerful enemies in the process. In this book, Magda shares the life lessons and business principles that have driven her and brought her success. This is a fascinating story that will inspire you to speak out, lean in, break out, and ultimately empower yourself not only to survive in life and business, but to thrive.
The Business Builder’s Toolkit is not just about the knowledge of business fundamentals but a step-by-step guide of how to implement them. This is the business guru in your pocket; the mentor you wish you had and the handbook that you will refer to again and again. Including topics like:
The Definitive Guide to Doing Business in Africa For global and Africa-based companies looking to access new growth markets, Africa offers exciting opportunities to build large, profitable businesses. Its population is young, fast-growing, and increasingly urbanized--while rapid technology adoption makes the continent a fertile arena for innovation. But Africa's business environment remains poorly understood; it's known to many executives in the West only by its reputation for complexity, conflict, and corruption. Africa's Business Revolution provides the inside story on business in Africa and its future growth prospects and helps executives understand and seize the opportunities for building profitable, sustainable enterprises. From senior leaders in McKinsey's African offices and a leading executive on the continent, this book draws on in-depth proprietary research by the McKinsey Global Institute as well as McKinsey's extensive experience advising corporate and government leaders across Africa. Brimming with company case studies and exclusive interviews with some of Africa's most prominent executives, this book comes to life with the vibrant stories of those who have navigated the many twists and turns on the road to building successful businesses on the continent. Combining an unrivalled fact base with expert advice on shaping and executing an Africa growth strategy, this book is required reading for global business executives looking to expand their existing operations in Africa--and for those seeking a road map to access this vast, untapped market for the first time.
The gripping, jaw-dropping rise and fall of Sir Philip Green, the self-styled 'king of the high street'. Sir Philip Green is no stranger to scandal. He was once hailed one of Britain's best businessmen and had prime ministers and supermodels on speed dial. But his reputation came crashing down when Oliver Shah uncovered the truth behind his doomed BHS deal. The collapse of British Home Stores left 11,000 employees without jobs and put 20,000 people's pensions at risk. Green eventually paid £363m towards the company's £571m pension deficit, but it wasn't long before he found himself in trouble again. In October 2018, Green was named as the business figure at the heart of Britain's #MeToo scandal. With accusations of sexual and racial harassment flooding the press, and with Topshop's pension deficit rising to almost double the figure that toppled BHS, can the retail tycoon survive yet another scandal? In Damaged Goods, Oliver Shah, the award-winning journalist who first broke the BHS story, shines a light on Green's past and his uncertain future; this is the extraordinary account of the retail magnate Sir Philip Green's fall from grace.
Most of the time, the road to riches is a closely guarded secret, until now. Jacana Media presents Mpho Dagada, one such young, self-made millionaire who in his memoir, Mr Bitcoin, shares his story of triumph and failure. He tells his story from the beginning: being brought up by business-minded and accomplished grandparents who planted in him the seeds of what it means to be successful in business. Mpho Dagada’s interest in Bitcoin was ignited when he was in his first year at the University of Johannesburg in 2013 after opening his own laundry and cleaning service company. He invested his profits from this company in Bitcoin. He currently owns a logistics company, a chain of fast food restaurants and is in the process of developing the first black-owned cryptocurrency exchange platform. This book is both motivational and practical, examining the errors and pitfalls that Dagada had to go through in his business pursuits. These included falling for Ponzi schemes like Kipi and losing his money on more than one occasion. Through these many lows were lessons of great value which ultimately led to the endless possibilities that Bitcoin presents for those interested in creating wealth through trading cryptocurrencies and running a successful business. Dagada is confident in the viability of Bitcoin and ascertains that "we will never understand the money of the future without learning how money came about in the first place. Blockchain and Bitcoin are now pioneering a new online financial world. Cryptocurrencies will replace fiat money in the end, as they are faster, better and more convenient than all the earlier forms of currency."
his handbook is based on the educational requirements of the South African Institute of Chartered Accountants for entry into Initial Test of Competence Examination of SAICA. It contains changes to statements and legislation up to June 2018.
A secret torment for some, a proud responsibility for others, ‘black tax’ is a daily reality for thousands of black South Africans. In this thought-provoking and moving anthology, a provocative range of voices share their deeply personal stories. With the majority of black South Africans still living in poverty today, many black middle-class households are connected to working-class or jobless homes. Some believe supporting family members is an undeniable part of African culture and question whether it should even be labelled as a kind of tax. Others point to the financial pressure it places on black students and professionals, who, as a consequence, struggle to build their own wealth. Many feel they are taking over what is essentially a government responsibility. The contributions also investigate the historical roots of black tax, the concept of the black family and the black middle class. In giving voice to so many different perspectives, Black Tax hopes to start a dialogue on this widespread social phenomenon.
How do you build a new bank from scratch? What does it require to take
on the big four – Absa, Standard Bank, FNB and Nedbank – and to win?
Closing the Gap is an accessible overview of the fourth industrial revolution (4IR) and the impact it is set to have on various sectors in South Africa and Africa. It explores the previous industrial revolutions that have led up to this point and outlines South Africa’s position been through each one. With a focus on artificial intelligence as a core concept in understanding the 4IR, this book uses familiar concepts to explain artificial intelligence, how it works and how it can be used in banking, mining, medicine and many other fields. Written from an African perspective, Closing the Gap addresses the challenges and fears around the 4IR by pointing to the opportunities presented by new technologies and outlining some of the challenges and successes to date
Think Yourself Rich: A Step-by-Step Guide to Financial Independence is aimed at first-timeearners who want to put themselves on the right path to financial independence. It provides an easy-to-understand guide that explains in clear terms how to consciously choose and plan for a debt-free lifestyle and not only survive, but thrive, on the long-term journey towards financial freedom. The book covers crucial issues about financial planning clearly and succinctly, including: - Why it is important to get rid of all unnecessary debt as quickly as possible. - When you should start saving or investing. - How to plan for emergencies. - How much and what kind of insurance you need. - How much of your income you should save. - How much of your income you should invest. - Where, how and when you should invest. Theoretical information about budgets, financial plans and investment (including all important terminology for various investment options) is interwoven with relevant reallife examples and scenarios that will inspire readers to set aside the time to design and write up a proper financial plan – and execute it. Each chapter builds on the previous one to help readers achieve their goals by sticking to their plans. This book will equip readers to take full control of their finances.
Everywhere she looked, the world was in poor shape. And because she’d quit drinking, she no longer had the comfort blanket of alcohol to tamp down her anxiety. How did sober people stay sane? In recent times, the self-help industry has exploded into a multi- billion dollar global industry – and along with it has come every imaginable type of therapy, healing or general woo-woo. In the past, Rebecca scoffed at this industry, mocking its reliance on half-baked science and the way it appears to prey on the mentally fragile. But as she searched for a meaning of life that did not involve booze, she found it increasingly hard to rationalize her default scepticism. This shit really seems to work for some people, she reasoned. And it’s not like I have any particularly solid alternatives. Rebecca lives in Cape Town, the undisputed epicentre of ‘alternative’ paths to peace and enlightenment in South Africa. She decided that over the course of a year, she would embark on a quest for personal wellness, spiritual enlightenment and good old-fashioned happiness. She was willing, within reason, to try anything. She would open herself to even the most outlandish contemporary fads in self- improvement. What followed was a twelve-month immersion in the world of auras, chakras, hallucinogenic drugs, sweat lodges, sangomas, past lives and more. And by the end of it? Maybe she would find some new ways of thinking and living. Or maybe she would emerge with her prejudices untouched. Either way, it would be a good story.
In Dockside Reading, Isabel Hofmeyr traces the relationships among print culture, colonialism, and the ocean through the institution of the British colonial Custom House. During the late nineteenth and early twentieth centuries, dockside customs officials would leaf through publications looking for obscenity, politically objectionable materials, or reprints of British copyrighted works, often dumping these condemned goods into the water. These practices, echoing other colonial imaginaries of the ocean as a space for erasing incriminating evidence of the violence of empire, informed later censorship regimes under apartheid in South Africa. By tracking printed matter from ship to shore, Hofmeyr shows how literary institutions like copyright and censorship were shaped by colonial control of coastal waters. Set in the environmental context of the colonial port city, Dockside Reading explores how imperialism colonizes water. Hofmeyr examines this theme through the concept of hydrocolonialism, which puts together land and sea, empire and environment.
Now in its 9th edition, Financial Management is the leading text on the theory and application of corporate finance in southern Africa. Set against the backdrop of recent developments in financial markets, instruments and financial theory, the text refers to real-world applications and financial decisions by South African companies.
Here is the Cape Town underworld laid bare, explored through the characters who control the protection industry, the bouncers and security at nightclubs and strip clubs. At the centre of this turf war is Nafiz Modack, the latest kingpin to have seized control of the industry, a man often in court on various charges, including extortion. Investigative journalist Caryn Dolley has followed Modack and his predecessors for six years as power has shifted in the nightclub security industry, and she focuses on how closely connected the criminal underworld is with the police services. In this suspenseful page turner of an investigation, she writes about the overlapping of the state with the underworld, the underworld with the upperworld, and how the associated violence is not confined to specific areas of Cape Town, but is happening inside hospitals, airports, clubs and restaurants and putting residents at risk. A book that lays bare the myth that violence and gangsterism in Cape Town is confined to the ganglands of the Cape Flats, wherever you find yourself, you’re only a hair’s breadth away from the enforcers.
Veteran journalist Anton Harber brings all his investigative skills to bear on his very own profession, the media. For two years he conducted dozens of interviews with politicians, journalists, policemen and 'deep throats', before piecing together two remarkable tales. The first is a chilling story of police death squads, rogue units and renditions, and how South Africa's leading newspaper was duped into doing the dirty work of corrupt politicians. The second starts with a broken and discarded hard drive and evolves, with many near misses, into the exposure of the depths of the Guptas' influence over the ruling party. Harber's two tales reveal the lows and highs of journalism during an era of state capture. His book is both a disquieting exposé of how easily the media can be duped by a conniving cabal for its own selfish ends, and a celebration of brilliant investigative reporting by brave and ethical journalists.
Black And White Bioscope recovers a neglected chapter in the histories of world cinema and Africa. It tells the story of movie production in Africa that long predated francophone African films and Nollywood that are the focus of most histories of this industry. At the same time as Hollywood was starting, a film industry in Southern Africa was surging ahead in integrating production, distribution, and exhibition. African Film Productions Limited made silent movies using technical and acting talent from Britain, the United States, and Australia, as well as from Africa. These included not only the original “long trek movie” and the prototype for the movies Zulu and Zulu Dawn but also the first King Solomon's Mines and the original Blue Lagoon, featuring African actors such as Goba, Tom Zulu, and Msoga Mwana, who starred as the black revolutionary in Prester John. In this lavishly illustrated book, fifty movies are reconstructed with graphic photographs and plot synopses—plus quotations from reviews—so that readers can rediscover this long-lost treasure trove of silent cinema.
A business biography that follows the life of Alan Knott-Craig as a
serial entrepreneur in the telecoms and tech spaces, tracking his wins
and losses, and the lessons along the way for both business and life.
Known in Stellenbosch business circles as the ‘Weapon of Mass Financial
Destruction’ after a major flop at Mxit, he was able to rebuild his own
confidence and that of his peers by becoming a shrewd, highly
innovative and successful businessman, true to his own principles and
convictions.
This book provides an overdue critical re-engagement with the analytical approach exemplified by the work of Harold Wolpe, who was a key theorist within the liberation movement. It probes the following broad questions: how do we understand the trajectory of the post-apartheid period, how did the current situation come about
in the transformation, how does the current situation relate to how a post-apartheid society was conceived in anticipation, and what are the implications of what have been failed ambitions for progressives?
When South Africa’s golden girl of broadcasting, Tracy Going’s battered face was splashed across the media back in the late 1990s, the nation was shocked. South Africans had become accustomed to seeing Going, glamorous and groomed on television or hearing her resonant voice on Radio Metro and Kaya FM. Sensational headlines of a whirlwind love relationship turned horrendously violent threw the “perfect” life of the household star into disarray. What had started off as a fairy-tale romance with a man who appeared to be everything that Going was looking for – charming, handsome and successful – had quickly descended into a violent, abusive relationship. “As I stood before him all I could see were the lies, the disappearing for days without warning, the screaming, the threats, the terror, the hostage-holding, the keeping me up all night, the dragging me through the house by my hair, the choking, the doors locked around me, the phones disconnected, the isolation, the fear and the uncertainty.” The rosy love cloud burst just five months after meeting her “Prince Charming” when she staggered into the local police station, bruised and battered. A short relationship became a two-and-a-half-year legal ordeal played out in the public eye. In mesmerising detail, Going takes us through the harrowing court process – a system seeped in injustice – her decline into depression, the immediate collapse of her career due to the highly public nature of her assault and the decades-long journey to undo the psychological damages in the search for safety and the reclaiming of self. The roots of violence form the backdrop of the book, tracing Going’s childhood on a plot in Brits, laced with the unpredictable violence of an alcoholic father who regularly terrorised the family with his fists of rage. “I was ashamed of my father, the drunk. If he wasn’t throwing back the liquid in the lounge then he’d be finding comfort and consort in his cans at the golf club. With that came the uncertainty as I lay in my bed and waited for him to return. I would lie there holding my curtain tight in my small hand. I would pull the fabric down, almost straight, forming a strained sliver and I would peer into the blackness, unblinking. It seemed I was always watching and waiting. Sometimes I searched for satellites between the twinkles of light, but mostly the fear in my tummy distracted me.” Brilliantly penned, this highly skilled debut memoir, is ultimately uplifting in the realisation that healing is a lengthy and often arduous process and that self-forgiveness and acceptance is essential in order to fully embrace life. |
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