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South Africa

Dis-Chem JSE listing all about expansion plans

Pharmacy group Dis-Chem intends to list on the JSE, but only selected institutional investors willing to splash out at least R1m will get a chance to claim a stake in the company. A Dis-Chem spokesperson said the group had contemplated the need to list for some time and it had become an imperative in light of its expansion plans. "We have spent a lot of focus and management time on the listing over the past calendar year. We would like it to happen now, so that we can return our focus to growing the business."

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Pioneers do not take short cuts to success

Modern companies claim to seek innovation. But mostly they fear it. Executives tremble at the perceived threat of a cabal of bespectacled geeks whose idols are Steve Jobs and Elon Musk. So, the awful adage "disrupt or be disrupted" haunts the hallways of every modern firm. Executives spend a good deal of their time listening to conference speakers who’ve not invented a thing in their lives fulminating about how the world should reinvent itself.

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Mining TRC seen as a first step

The establishment of a process such as the Truth and Reconciliation Commission (TRC), which marked the end of apartheid and the start of reconciliation, is needed to build trust in the fractured mining industry, says Neal Froneman, CEO of Sibanye Gold and vice-president of the Chamber of Mines. Cautious in not being too prescriptive about the process and how it would work, Froneman said the establishment of "TRC Two" would clear much of the bad blood and distrust that marked engagements between the companies, unions and the government on charting a sustainable and inclusive future for the industry at a particularly difficult time.

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What are the best approaches to Africa’s economic development?

Beneficiation a step in mineral processing is discussed at just about every conference centred on Africa’s economy. Countries on the continent generally export raw mineral materials, only to import the finished products. And business experts, economists and development organisations have for years been hailing local beneficiation processing the materials in the countries where they are mined as the answer to Africa’s economic challenges. Shawn Duthie, an analyst at Africa Risk Consulting, argues, however, that when it comes to the continent’s economic growth, the beneficiation of natural resources might not be the best approach after all. During a panel discussion at today’s Thomson Reuters Africa Summit in Cape Town, he highlighted alternative approaches ones that have worked for other developing nations in the past.

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Jan 08, 2019 73

Steps for successful thinking in 2019

What does a winning mindset mean to you? It’s what has separated the likes of Tiger…
Dec 13, 2018 63

Mozambique’s women entrepreneurs gather for the country’s final Lioness Lean In event of the year in Maputo

What a year, and what a final gathering in Maputo, as around 100 women entrepreneurs got…
Some of the delegates and thematic leaders at the end of the day
Dec 12, 2018 181

The Global Work/Tech Scenarios 2050: South Africa Conference and Workshops

SAMPNode Directors, Members and Panellists The Global Work/Tech Scenarios 2050: South…
Nov 27, 2018 70

SA Entrepreneur Takes First-Of-Its Kind Business To An International Level

South African-born entrepreneur and creator of the world’s first environmentally friendly…
Nov 27, 2018 73

We need to develop a culture of entrepreneurialism if we hope to set the right course for the African continent.

When it comes to the promise of growth in Africa, progress has become less a question of…
Nov 13, 2018 104

Mavis Nduchwa, a serial, impact driven agripreneur in Botswana empowering local farmers to be the solution to hunger and poverty

A growing interest from consumers in knowing where their food comes from, how it is…