Your guide to wealth creation and wealth management in Africa
by Abram Molelemane
South Africa’s Minister of Trade and Industry, Rob Davies, urged businesses to take advantage of the 5.75 billion rand ($700 million) three year programme aimed at…
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The US$4 million Zayed Future Energy Prize is open for submissions and calling for Africans to enter. The renewable energy and sustainability prize is inviting…
by Abram Molelemane
South Africa’s banking group Absa and UK Trade and Investment have signed a partnership contract targeted at providing support to South African small and micro businesses.
by Yasin Ebrahim
Despite statistics released by the U.S. Energy Information Administration (EIA) supporting an increase in the long term usage of coal as a form of energy, both delivered coal prices and coal stocks have experienced…
by Abram Molelemane
The South African government was called to provide more job opportunities for the unemployed youth and to address the…
by Tshepo Ntsoelengoe
At the Indaba 2012 tourism exhibition taking place this week in Durban, South Africa, The Intercontinental Hotel group presented a plan to…
by Abram Molelemane
According to Absa’s banking group calculations, in the first quarter of 2012, the house price deflation in South Africa’s residential property…
The new tax exemption in respect of film, which came into effect in January, should make investing in the South African local film industry more attractive, says…
by Sihle Masuku
Six years later, the much anticipated project on the African continent, the ultra high-capacity West Africa Cable System (WACS) was launched in…
Climate Neutral Group, which develops environmental projects focused on climate neutrality in Netherlands, Belgium and Luxembourg, is looking to…
by Abram Molelemane
The chances of sustained lower fuel prices are very slim at the moment, according to Absa Asset Management Private Clients, which warns that…
by Abram Molelemane
During the opening of the Indaba Tourism 2012 exhibition in eThekwini, Tourism minister Marthinus Van Schalkwyk said that South Africa’s tourism industry had challenged…
by Andrew Morton
Mount Everest. What comes to mind? Edmund Hillary, danger, exhilaration, death and for some – accomplishment! Anyone considering…
by Tshepo Ntsoelengoe
Tanzania, one of the continent’s biggest per capita aid recipient country, will be receiving…
by Abram Molelemane
South African Finance Minister Pravin Gordhan (photo) stated that the country is looking at alternatives to withdraw a multi-billion rand debt acquired by…
by Abram Molelemane
According to emerging markets economist at Nomura International, Peter Attard Montalto, South Africa’s GDP outlook for 2012 appears to be shifting from…
Greg Mills, Why Africa is Poor and what Africans can do about it
Penguin Books, R140,00
Drawing extensively from his own experiences and countless visits while running presidential-levels advisory teams across the continent, Greg Mills, director at Johannesburg-based Brenthurst Foundation (established by Oppenheimer family in 2005 to assist in strengthening African economic performance) and former director of the South African Institute of Foreign Affairs has certainly produced a remarkable, passionate and controversial argument for Africa’s battle against poverty, corruption and poor governance.
More than advocating for a dramatic change in Africa, Mills assesses the odds in Africa’s favour, identifying the areas where African leadership could make better choices and coming up with viable solutions for African development, some which were successfully implemented in other economies in similar, if not worse circumstances. A bold and convincing case for Africa’s future, Greg Mills’ "Why Africa is Poor" is a winner and a serious must-read by African reformers.
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