Contents August/September 2014 ISSUE N° 411 WWW.ICPUBLICATIONS.COM
UNITED KINGDOM IC PUBLICATIONS 7 Coldbath Square London EC1R 4LQ Tel: +44 20 7841 3210 Fax: Admin +44 20 7713 7898 Editorial: +44 20 7841 3211 icpubs@icpublications.com www.africanbusinessmagazine. com
FRANCE IC PUBLICATIONS 609 Bat A 77 rue Bayen 75017 Paris Tel: +33 1 44 30 81 00 Fax: +33 1 44 30 81 11 info@icpublications.com www.icpublications.com
FOUNDER Afif Ben Yedder EDITOR Anver Versi a.versi@icpublications.com ART DIRECTOR Jason Venkatasamy jason@icpublications.com STRATEGIC DIRECTOR Christian Udechukwu ASSISTANT EDITOR Alexa Dalby
ASSOCIATE EDITORS Tom Nevin Gerard Choisnet Ridha Kefi Hichem Ben Yaïche Neil Ford CORRESPONDENTAT-LARGE Stephen Williams EDITORIAL ASSISTANT Carole Lambert CORRESPONDENTS Sherelle Jacobs Wanjohi Kabukuru Frederick Mordi Lameck Masina MJ Morgan Richard Seymour Dominique Magada Nasseem Ackbarally SPECIAL CORRESPONDENTS Moin Siddiqi Dr Karamo Sonko Eluem Izezi SUBSCRIPTIONS Abacus e-Media Chancery Exchange 10 Furnival Street London EC4A 1YH Telephone: +44 20 8950 9117 Fax: +44 (0)208 421 8244 icpublications@alliance-media. co.uk www.africanbusinessmagazine. com/main-articles/subs For subscriptions, see page 54.
GROUP PUBLISHER Omar Ben Yedder o.benyedder @icpublications.com GENERAL MANAGER Leila Ben Hassen l.benhassen@icpublications.com
VP DEVELOPMENT Saliba Manneh s.manneh@icpublications.com SENIOR PROJECT MANAGER Darren Moore d.moore@icpublications.com
ADVERTISING SALES DIRECTORS Medrine Chitty Elisée Marie Nick Rosefield SENIOR SALES EXECUTIVE Nadia Osho-Williams ADVERTISING advertising@icpublications.com DISTRIBUTION icpubs@icpublications.com PRODUCTION MANAGER Richard Briggs GHANA – DISTRIBUTION Nana Asiamah Bekoe Tel: +233 21 258058 kwabusek@gmail.com GHANA – SPECIAL PROJECTS AND ADVERTISING Silvia Salvetti Ollennu Tel: +233 24 910 5995 top@topreports.org
FRANCOPHONE AFRICA Nathalie Desanti-Tounkara n.desanti@icpublications.com NORTH AFRICA Néjib Ben Yedder n.benyedder @icpublications.com IC EVENTS info@ic-events.net Printers Headley Brothers Ltd The Invicta Press Queens Road, Ashford Kent, TN24 8HH All pictures AFP unless indicated. Registered with the British Library. ISSN 0142-9345 ©2013 IC Publications Ltd N° DE COMMISSION PARITAIRE 0315 K 89343 Mensuel: Août 2014 Dépôt légal
16 Cover Story Can South Africa recover its mojo?
15 Editorial Awaken the spirit of Mvita
16 Cover Story Can South Africa recover its mojo? 19 Learning to live as No 2 22 Waiting for the President-in-waiting 26 There is still something rotten in the state of South Africa
30 Mining
Three strikes and you’re out?
35 In Conversation Nathan Kalumbu,
Coke’s midfield marshall
40 Analysis Is China changing its spots?
44 Industry
Adding polish to Kenya’s leather industry
47 Social Security Can Kenya’s NSSF handle new weight?
50 Profile Uche Orji, CEO, Nigeria Sovereign
Investment Authority
52 Development Nigeria on track for global Top 20 status
54 Infrastructure Free for all in E African constuction frenzy
56 Finance CBN boss Emefiele’s sweeping gesture
Countryfiles 58 Ethiopia: The battle of the brewers 61 Mauritius: Sugar cane sweetens trade with Ghana 62 Ghana: Is the Black Star losing its lustre? 64 Nigeria: Refineries – Dangote and
IPMAN cut the Gordian knot 66 Kenya: Trouble in paradise 68 Malawi: 50 years of standing still
Reviews: Book and Music 72 Book: ChinuaAchebe:Tributes andReflections 74 Music: LesAmbassadeursdu
MoteldeBamako