Monday 12 August 2013

Forbes’ list of highest paid African footballers

Country of citizenship: Ivory Coast
Club: Manchester City
Annual salary: $18.2 million
The 28 year-old Ivorian midfielder is the highest paid African player in the English Premier league. Made global headlines last summer when he left Barcelona (after a very successful streak) to join his elder brother Kolo at Manchester City. Smart move: Toure currently earns $320,000 a week. Other compensation includes an image rights payment of $2.5 million a year and an additional $1.3 million bonus every time Manchester City qualifies for the Champions League.
Samuel Eto’o
Country of citizenship: Cameroon
Club: Anzhi
Annual salary:  $13.4 million
The revered Cameroonian striker is a four-time winner of the African Player of the Year award. He scored over 100 goals with previous club Barcelona FC over a five season period. His weekly take-home pay stands at $300,000. Eto’o bagged the African Player of the Year award for three consecutive years  in 2003, 2004 and 2005.
Didier Drogba
Country of citizenship: Ivory Coast
Club: Galatasaray
Annual salary: $12.9 million
One of the most highly rated strikers in the world, Drogba is currently the highest goal-scorer for the Cote D’Ivoire national soccer team and is Chelsea’s 6th highest goal scorer of all time. Currently his earnings stand at $185,000 a week. The 33 year-old has endorsement deals with Nike, Pepsi, Samsung and Orange France. Large heart: Has committed some $5 million to building a children’s home in Abidjan.
Seydou Keita
Country of citizenship: Mali
Club: Dalian Aerbin
Annual salary: 12 million
Born in Bamako, Mali he has previously for Barcelona and is a key player in the Mali national team. Keita started playing for Mali in 2000 and has so far represented the country in six African Cup of Nations tournaments. Previously, he helped the under-20s finish third at the 1999 FIFA World Youth Championship in Nigeria, scoring in the last match against Uruguay and being named the tournament’s best player.
Emmanuel Adebayor
Country of citizenship: Togo
Club: Tottenham
Annual salary: $10 million
Born to Nigerian parents in Togo, the Manchester City striker started out his career playing for OC Agaza, a Togolese football club based in Lome. In July 2009 he exited Arsenal, signing a five-year contract with Manchester City, for a transfer fee of $40 million. Earns $220,000 a week. In January signed a loan deal to play for Real Madrid. Endorses energy drink, Power horse.

Wednesday 7 August 2013

WOMAN BEHIND LUMINANCE: KHANYI DHLOMO
Khanyi Dhlomo is CEO of Ndalo Media and Ndalo Luxury Ventures, and a magazine publisher. She recently flung wide the doors of Luminance, her luxury boutique department store in Hyde Park, Joburg, and in doing so has returned to her roots, writes Sue Grant-Marshall
Khanyi Dhlomo was a slip of a girl, hardly out of her teens, when the boss of South Africa’s largest media empire decided to make her editor of his top black women’s magazine, True Love. That’s the effect the quiet, reserved but determined then BCom student had on people.
She halted her studies, temporarily, edited the magazine for eight years, during which its circulation doubled and awards rained down on it, and then decided to pursue business. Nearly all her friends and colleagues thought she was crazy to bow out of so successful an editorship with its glamorous profile, “and they made sure they told me so”, says Dhlomo with a wry smile. Nevertheless, she left for Paris in 2003 with a BA in Communications and Industrial Psychology, which she’d gained while simultaneously being an editor and the mother of two babies.
It was while she was manager of SA Tourism in France and strolling the fashionable streets of Paris, gazing at their stunning stores, that the idea of Luminance first began to glimmer in her mind. But being Dhlomo, she then dived even deeper into business waters by doing an MBA at Harvard Business School, Boston, in the United States. “There were 90 in my class and 900 in my year,” she says, recalling how hard she worked alongside fellows from all over the world. Apart from her excellent degree, she acquired two other major assets there.
They were top Chicago store designers, JGA Store Design, Brand Strategy and Retail Architecture, as well as a network that included entries to some of the top luxury brands in the world. These include Alexander McQueen, Manolo Blahnik, Giorgio Armani, Carolina Herrera and Oscar de la Renta. On her return to South Africa in 2007, she stuck to what she knew best though, and launched Ndalo Media, a joint venture between herself and Media24, one of the country’s leading media companies.
Today, five years on, it publishes Sawubona (SAA’s in-flight magazine), Destiny and Destiny Man magazines. It is also the home of DestinyConnect and DestinyMan.com, “two of South Africa’s fastest-growing social networks for businesspeople and entrepreneurs”. It’s that last word that most defines Dhlomo, for on her return from America in 2007, she told a journalist: “I am, like all my family, essentially an entrepreneur. The retail business is in our veins.” Her grandfather, a teacher and businessman, began buying land in KwaZulu-Natal in the 1930s. In time her father, Oscar Dhlomo, bought the land and developed shopping centres on some of it, as well as owning retail businesses. “My mother ran them. It was due to the stores, which I used to run in and out of, that my parents were able to provide my excellent education.” Dhlomo was the first black girl at Girls Collegiate, now Wykeham, in Pietermaritzburg. “It was tough, for my fellow boarders were children of wealthy Natal sugar farmers whose interaction with black people had been as farm labourers.” But Dhlomo says that the experience prepared her “for being on my own in difficult situations as well as being a pioneer”. Yet again, she’s playing the latter role. Luminance is the first boutique department store in the country – and the first in Africa – to have such a comprehensive selection of international labels. They sell alongside African designers with prices ranging from R500 to R90 000.
It looks like an art gallery, thanks to local John Jacob Interiors, who took over from the Chicago company, and Dhlomo uses the word ‘curated’ often as she describes the local art and fashion gracing its elegant shelves. We have Imiso ceramics from Cape Town, beaded kitchen accessories from rural KZN women and art by Nelson Makamo. The latter has sold some of his work to Giorgio Armani, so there’s a satisfactory blending and bringing together of local and international products,” says Dhlomo. She and her mother, Venetia, are majority shareholders in Luminance, having invested R15 million in it together with leading businesswoman Judy Dlamini. They obtained R34.1 million from the National Empowerment Fund and 58% of the latter funding remains in South Africa to support the local economy.
The deep pile carpets, muted lighting and artworks do not invite the usual flick-flack most of us do as we zip through clothes rails. So seeing children’s wear that creates images of sticky little fingers on dresses worth R40 000 has Dhlomo exclaiming that she and husband Chinezi Chijioke have a three-year-old daughter, “and I’ll make a plan”.
Maybe part of that will be a daughter following in a mother’s entrepreneurial footsteps – again.
» Disclaimer: City Press is owned by Media24

Tuesday 6 August 2013

Retail Giant :Richard Maponya

Richard Maponya. Photo courtesywww.engineeringnews.co.za
Richard John Pelwana Maponya, “the father of black retail” in South Africa, is an entrepreneur and property developer who, over the years, has established a substantial business empire in the Johannesburg suburb of Soweto.
Maponya was born in the Limpopo village of Lenyenye on December 24, 1926. Though he trained as a teacher, his first job was as a stock-taker at a clothing retail store in the Johannesburg central business district. Maponya’s manager took the 24-year-old under his wing, providing him with soiled cloth and off-cuts that the budding entrepreneur had made up into clothes and sold in Soweto.
Though Maponya’s clothing retail business was closed down by the apartheid authorities, he was armed with the business savvy and determination to make his mark in the South African retail sector. Using the money he had saved from the short-lived business, Maponya, together with his wife Marina, opened a dairy products shop and delivery service in Soweto that employed 100 bicycle delivery men.
Maponya’s dairy business soon expanded, becoming a general provisions store. In time, Maponya ventured into other parts of Soweto, exploring business ventures in sectors as varied as the motor, construction, retail and service industries. His empire grew to include a car-rental agency, horse-racing stables and stud farm, funeral parlour and business services division.  One of his most recent accomplishments was the development of the R450-million Maponya Mall in Soweto – one of the biggest in the country.
Maponya’s family is at the centre of his business today. His children hold managerial positions in the business and have been given the leeway to make and implement their own decisions – under his watchful eye, of course! Maponya himself is not quite ready to retire: the octogenarian is in the process of setting up the Maponya Institute, a training facility for young entrepreneurs.
Maponya started out in the tough world of business at a time when the apartheid government’s restrictive practices obstructed the operations and successes of black entrepreneurs. But his determination, hard work and will to succeed paid off – and have earned him national recognition. Maponya is a recipient of the National Order of the Baobab, the highest honour in South Africa, as well as honorary doctorates from Tshwane University of Technology and the University of Johannesburg.

TOP TEN RICHEST PEOPLE IN MZANSI

Nicky Oppenheimer
Who: Had 40% ownership of DeBeers Diamond mining company which he then sold to mining company AngloAmerica.
Worth: $6.8 billion
How: Inherited from his grandfather Ernest Oppenheimer.
Education: Studied Politics, Philosophy and Economics at Oxford University and went on to do an MA.
Lives in: London and Johannesburg
Ivan Glasenberg
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Who: CEO of Glencore International Plc. the mining and trading company.
Worth: $6.7 billion.
How: Self-made money.
Education: Received a Bachelor of Arts/Science from the University of Witwatersrand and a Master of Business Administration from the University of Souther California.
Lives in: Switzerland
Johann Rupert

Who: Chairman of the Swiss-based company Richemont which sells luxury goods. He is also chairman of the South African based company Remgro.
Worth: $5.1 billion.
How: Inherited from the companies from his father, but has also made his own money through investments.
Education: Started a degree in economics and company law at the University of Stellenbosch, however dropped out to pursue his career. In 2004 Rupert was given an honorary doctorate in economics from the University of Stellenbosch. He was also awarded an honorary doctorate in commerce from the Nelson Mandela University in 2008.
Lives in: Cape Town
Christoffel Wiese
Who: Christoffel is the Executive Director of Shoprite. His leadership in the company led to its growth from its original eight stores to over 1 300 stores across Africa.
Worth: $3.7 billion.
How: Self-made.
Education: Wiese studied at the University of Stellenbosch receiving both a Bachelor of Arts/Science degree and a LLB.
Lives in: Cape Town
Patrice Motsepe





Who: Owner and creator of African Rainbow Minerals, the mining conglomerate. Motsepe is also a stakeholder and deputy

Worth: $2.65 billion.chairman of Sanlam and the president and owner of Mamelodi Sundowns Football Club.
How: Self-made.
Education: Gained a BA from the University of Swaziland and a law degree from the University of Witwatersrand. He was also the first black partner at the law firm Bowman Gilfillan.
Lives in: Johannesburg
Elon Musk

Who: Engineer and entrepreneur who currently lives in the USA but grew up in Pretoria, South Africa. He is the co-founder of PayPal, SpaceX and Tesla Motors.
Worth: $2 billion.
How: Self-made
Education:  A Bachelors degree in Business from the Wharton School and a Bachelors degree in Physics from the University of Pennsylvania.
Lives in: USA
Wendy Appelbaum

Who: She inherited her worth from the Gordon Family Trust but she is also the owner and chair of De Morgenzen Wine Estate. She also holds shares in Liberty Group and is the Director of Sphere Holdings Ltd.
Worth: $1.99 billion.
How: Mainly inherited.
Lives in: Stellenbosch, Western Cape.
Wendy Ackerman
Who: The Non-Executive Director of Pic N Pay Holdings.
Worth: $1.46 billion.
How: From her own work and also the Ackerman Family Trust.
Lives in: Cape Town.
Stephen Saad
Who: The co-founder of Pharmacare, the largest publicly traded Pharmaceutical company on the Johannesburg stock exchange.
Worth: $975 million.
How: Self-made.
Education: Bachelor of Commerce at the University of Kwa-Zulu Natal and Associates Degree from South African Institute of Chartered Accountants.
Lauritz Dippenaar
Lauritz Dippenaar
Who: Co-founder of FirstRand Limited and the Chairman of Momentum, Discovery and OUTsurance insurance companies.
Worth: $625 million.
How: Self-made.
Education: Dippenaar is a chartered accountant having graduated from the University of Pretoria and done his accountancy with Aiken & Carter.