The South African Reserve Bank has seized over R60 million in assets and cash from Berdine Odendaal, the partner of the late Markus Jooste, who had profited from Jooste’s illacquired wealth. Despite legal battles and appeals, the Reserve Bank forfeited the confiscated assets, illuminating the significant impact of regulatory oversight and ethical business behavior. This serves as a warning to others wielding power, highlighting the significance of ethical behavior in business transactions, and the repercussions that follow breaches of these principles.
South Africa’s tourism industry offers boundless opportunities for young minds, according to Minister Patricia de Lille. Speaking to senior students in Mitchells Plain, de Lille outlined the many career paths and training programs available, including bursaries, internships, and youth skills development initiatives. The minister also stressed the importance of government support in nurturing talent and bridging the skills gap in the expanding sector, which encourages creativity and offers global exposure and opportunities for personal growth.
Larry Ellison is a technology tycoon who cofounded Oracle, the world’s leading database management company. He has been a driving force in the software industry, known for his audacity and sales skills. Despite stepping down as CEO in 2014, Ellison continues to lead Oracle as the chairman and chief technology officer. His impact on the technology industry remains everlasting, and his interests now span into philanthropy, sailing, and clean energy. Ellison’s journey from a curious youngster to a technology magnate is an inspiring story of resilience and innovation.
South Africa reigns as Africa’s primary wealth hub, with Johannesburg being the continent’s most affluent city, home to 12,300 millionaires, 25 centimillionaires, and two billionaires. Cape Town follows closely in second place, with 7,400 millionaires, 28 centimillionaires, and one billionaire. These rankings highlight the concentration of wealth within specific nations and cities, with South Africa possessing more than double the number of highnetworth individuals compared to any other African country. The 2024 African Wealth Report showcases the continent’s financial landscape and underscores its growing economic power.
The Worker Share Ownership Conference in South Africa marks a significant step towards social and economic transformation, with over half a million workers being partowners of their companies. Worker share ownership programmes enhance morale, productivity, and innovation within companies, offering a pathway to economic inclusion. These schemes have evolved remarkably, providing workers with a seat at the decisionmaking table, strategically influencing corporate decisions, and nurturing partnerships to unearth opportunities for growth, investment, and job creation. The ongoing collaboration between governmental bodies, the labor force, the private sector, and other stakeholders is vital in creating a favorable environment for the success of employee share ownership programmes.
Cape Town is predicted to become Africa’s wealthiest city by 2030, according to the African Wealth Report. Driven by internal migration of highnetworth individuals and an influx of retirees, the city is already home to the secondhighest number of millionaires in Africa, and its picturesque landscapes and attractive suburbs make it a center for wealth in the region. Corporate giants are also planning to move their offices to Cape Town in the upcoming decade, contributing to its economic expansion.
The City of Cape Town is welcoming 19 recent graduates to its Infrastructure Skills Development Grant Programme, chosen from a staggering 3,035 applications. The diverse group possesses critical qualifications in infrastructure development fields and hails from various locales within the metro region and beyond. They will acquire invaluable onthejob experience working on infrastructure projects and contribute to the city’s training capability and nurture a skilled set of professionals proficient in areas experiencing a talent shortage.
The Carbon Smart Skills Development program in Cape Town is transforming the lives of unemployed women by providing them with comprehensive training in green building principles and Biomass Insulated Concrete (BIC), an ecofriendly building material. The program promises jobs for three years and is not only a skill development initiative but also a beacon of hope and change for a more sustainable future. The use of BIC in construction projects is a paradigm shift that promotes the construction of green infrastructure across the city, minimizing carbon footprints during construction. The program aims to empower women and contribute to the green economy.
JessicaAnn Shepherd, the founder of clothing brand Oddity, has won the Mr Price New Talent Search 2024, a prestigious fashion competition in South Africa. Her winning collection, ‘Eco Dream Reimagined,’ impressed the judges with its sustainable approach to fashion, using upcycling methods and excess fabric to create vibrant and unique designs. As well as receiving a cash reward and mentorship programme, Shepherd will design a collection to be sold in select Mr Price stores next year. This win is a testament to the emerging talent in South Africa’s fashion industry.
The launch of the Ikhala TVET College’s engineering campus is a major milestone for South Africa’s education system. The government invested R221m to expand the country’s educational infrastructure and provide opportunities for socioeconomically disadvantaged youth. The campus will also offer workplace training through partnerships with local businesses and municipalities. The inauguration marks a new chapter in education and a bright future for young individuals in the Joe Gqabi district.
The Bellville CBD Makeover is a revitalization project in Cape Town, South Africa, with the goal of improving the infrastructure and facilities in the CBD, particularly Kruskal Avenue. After delays, a new contractor is set to commence work in June, subject to weather conditions. The project aims to enhance the pedestrian environment, resolve traffic conflicts, and introduce new features like trees, irrigation systems, and benches. The city’s vision is to transform the district into an appealing destination for businesses, residents, and visitors.
Boity Thulo is a multitalented South African rapper, reality TV star, presenter, actress, and businesswoman who dominates the entertainment industry with her diversified ventures. Despite setbacks in her perfume business, Thulo continues to exhibit resilience and determination, serving as an inspiration for aspiring entrepreneurs everywhere. Her varied roles as a rapper, reality TV star, presenter, actress, and businesswoman, prove her unwavering spirit and determination, making her a paramount figure in the South African business milieu.
An Invitation to My Cape Town Market Atlantis: A Celebration of Artisan Culture and Entrepreneurship
My Cape Town Market Atlantis is a vibrant celebration of artisan culture and entrepreneurship, taking place on May 4th and 5th, 2024. Vendors can apply for trading bays online or by collecting paper application forms from various locations. The market offers a platform for local artisans to showcase their talents, generate revenue, and interact with customers, while also providing entertainment for all ages. Spaces are limited, so apply now to be a part of this exciting event!
Ernie Els is helping to transform KwaZuluNatal’s North Coast through his involvement in the Zimbali Lakes development. His collaboration with IFA Hotels & Resorts is not just about luxury and entertainment but also attracting investments and enhancing the North Coast’s image as a haven of opportunity. Els’ international appeal is set to entice significant overseas interest and investment in the region, making it a top destination for both local and international tourists. The partnership between Ernie Els and Zimbali Lakes reflects their dedication to excellence, innovation, and community involvement, promising a brighter future for the region.
The Expanded Public Works Programme (EPWP) in Cape Town is transforming public administration by providing practical work experience and highquality education to its beneficiaries. The partnership between the City of Cape Town, the UWC School of Government, and the New Hope Training Organisation is creating a more inclusive and accessible public administration system, and the first group of EPWP beneficiaries recently graduated with an NQF7 level qualification in Public Administration. The curriculum covers a wide range of subjects, and the graduates have been instilled with guiding principles such as democratic accountability, social equity, and ethical conduct. The accessible registration process and promising future outlook of the EPWP symbolize a monumental shift in efforts towards creating a more inclusive and accessible public administration system.
Cape Town: South Africa’s Premier Destination for Competitive Property Rates in 2024-2025
Cape Town is the best city for affordable property rates in South Africa, with rates 32% lower for commercial properties, 36% for industrial, and 28% for residential compared to its closest rival, Johannesburg. The city also offers investment incentives, a solid infrastructure, and a thriving environment for businesses and residents to grow and find opportunities. Cape Town is committed to transforming its infrastructure and becoming the most businessfriendly city in Africa, making it an attractive choice for entrepreneurs of all sizes.