Saturday, April 26, 2008
The Need for a New Mindset
In an interview on Zimbabwean national television, the Success Coach, Jonah Mungoshi talks about the need for a new mindset in dealing with Africa's economic challenges.
Africa's Billionaires....Why aren't there more?
Africa is now home to two new billionaires according to US Forbes Magazine's annual ranking of the world's billionaires. They are Nigeria's industrialist/sugar merchant Aliko Dangote, who seems to be involved in practically every industry and South Africa's minerals magnate Patrice Motsepe. Dangote made his money from businesses that include the number one sugar production company in the country, a cement factory and a virtual monopoly on the production of pasta in Nigeria. Dangote according to Forbes rich list has a fortune of $3.3 billion.
Patrice Motsepe, lawyer-turn-mine magnate made an estimated $2.4 billion buying unprofitable gold mines and turning them round. He moved from being the first black partner at Bowman Gilfillan law firm in Johannesburg to running a mining contract firm after apartheid collapsed. But Africa's richest men, according to Forbes still remain two white South Africans who inherited their wealth. Nicky Oppenheimer and family whose interests are primarily in mining giants De Beers and Anglo American are worth $5.7 billion, while Johann Rupert and his family head Swiss luxury goods group Richemont, which owns the Cartier label and the Rembrandt Group (Remgro) in South Africa. The family's fortune is worth $3.8 billion.
Patrice Motsepe, lawyer-turn-mine magnate made an estimated $2.4 billion buying unprofitable gold mines and turning them round. He moved from being the first black partner at Bowman Gilfillan law firm in Johannesburg to running a mining contract firm after apartheid collapsed. But Africa's richest men, according to Forbes still remain two white South Africans who inherited their wealth. Nicky Oppenheimer and family whose interests are primarily in mining giants De Beers and Anglo American are worth $5.7 billion, while Johann Rupert and his family head Swiss luxury goods group Richemont, which owns the Cartier label and the Rembrandt Group (Remgro) in South Africa. The family's fortune is worth $3.8 billion.
A Journey of a Thousand Miles.........
I'd like to share with you the wealthcreationafrica.com adventure of creating wealth, abundance, joy and purpose. I believe that within each African heart is a spark that can ignite the wealth creation engine that our continent sorely needs. Africa is too rich to be poor, yet every nation on the continent struggles with deep rooted poverty, endemic disease and intractably bad leadership.
Africans have a rich legacy of creating wealth demonstrated by the world's first Universities in the Sahel, the sophisticated architecture of the ancient Egypt, Great Zimbabwe, Mapungubwe and Thulamela; the great trade routes centred around fabled locations as Timbuktu and Zanzibar.
Clearly Wealth Creation is not a new concept on the African continent yet somewhere along the way something has gone wrong. It is my desire to engage in a powerful dialogue with Africa's citizens to shed light on this issue.
Of greater importance, however is to reignite Africa's powerful heritage of wealth creation.
Africans have a rich legacy of creating wealth demonstrated by the world's first Universities in the Sahel, the sophisticated architecture of the ancient Egypt, Great Zimbabwe, Mapungubwe and Thulamela; the great trade routes centred around fabled locations as Timbuktu and Zanzibar.
Clearly Wealth Creation is not a new concept on the African continent yet somewhere along the way something has gone wrong. It is my desire to engage in a powerful dialogue with Africa's citizens to shed light on this issue.
Of greater importance, however is to reignite Africa's powerful heritage of wealth creation.
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