COUNTRY PROFILE Facing the future: Old traditions merge with modern life in this resource-rich land POLITICS Democracy in transition: Becoming one of the most successful countries on the continent Interview: President Jacob Zuma Viewpoint: Fernando Damata Pimentel, Brazilian Minister of Development A century of service: The 100th anniversary of the founding of the ANC International visibility: Greater prominence on a dynamic global stage Interview: Andris Piebalgs, European Commissioner for Development ECONOMY The heavyweight of Africa: Despite challenges, the country’s long-term potential is undeniable Interview: Pravin Gordhan, Minister of Finance Chutes and ladders: The currency fluctuations of the rand have broad consequences Interview: Rob Davies, Minister of Trade and Industry Interview: Malusi Gigaba, Minister of Public Enterprise Affirmative acronyms: An inclusive form of preferential procurement Viewpoint: Angel Gurría, Secretary-General, OECD The good and bad: The strengths and weaknesses of doing business in South Africa Interview: Chi Jianxin, Chief Executive Officer, China Africa Development Fund Prudent policies: The state’s fiscal management is strong, although not everybody agrees In check: The much-needed competition policy has a range of objectives Interview: Henk Bleker, Dutch Minister for Agriculture and Foreign Trade BANKING Strong and steady: Resilience in turbulent times Leading the pack: A look at the Big Four Interview: Gill Marcus, Governor, South Africa Reserve Bank Dialogue: Mike Brown, CEO, Nedbank, and Sim Tschabalala, CEO, Standard Bank A new dawn: Basel III offers more opportunities, but will require a change in outlook Bringing it in: Growth requires a shift in strategy CAPITAL MARKETS Trading places: Working to upgrade and expand the continent’s largest exchange Interview: Nicky Newton-King, CEO, Johannesburg Stock Exchange Interview: Stephen van Coller, Chief Executive for Corporate, Investment Banking and Wealth Management, Absa & Barclays in Africa Global ambitions: Forming stronger ties with international businesses and investors Diversifying funding sources: Corporate bonds are becoming more popular with local banks Stocks & bonds: Share analysis & data provided by Absa Capital Sappi: Paper & packaging Sanlam: Life assurance Nedbank: Banking Kumba: Mining MTN: Telecommunications Mr. Price: Retail Barloworld: Industrial & support services INSURANCE Keeping calm and carrying on: Anticipating legal changes and looking abroad We need to talk about SAM: Regulatory changes bring additional challenges Interview: Barry Scott, CEO, South African Insurance Association Safety first: The new social security scheme MINING An attractive prize: The sector’s importance is promoting new cooperation Interview: Susan Shabangu, Minister of Mineral Resources Interview: Bheki Sibiya, CEO, Chamber of Mines Strong and steady: Iron ore is an increasingly attractive segment State role debated: Talk of nationalisation has investors concerned, despite assurances Roundtable: Godfrey Gomwe, Executive Director, Anglo American South Africa; Nick Holland, CEO, Gold Fields; and Andile Sangqu, Executive Director, Xstrata South Africa Mutually beneficial: The sector is attracting interest, notably from China INDUSTRY Action plan: Policy initiatives to bring manufacturing back on a growth track A pillar of strength: Domestic demand will likely keep the steel industry moving forward Interview: Lionel October, Director-General, Department of Trade and Industry Interview: Geoffrey Qhena, CEO, Industrial Development Corporation Shifting gears: The automotive sector is set to increase local manufacturing Interview: Peter Matlare, CEO, Tiger Brands TRANSPORT Keeping up the momentum: Continued spending on infrastructure is in the pipeline Interview: Brian Molefe, CEO, Transnet Interview: Richard Branson, President, Virgin Atlantic Joined-up thinking: Rail and ports in sharper focus as spending plans are revised upwards ENERGY Renewed focus: Ensuring steady supply and encouraging expansion into alternative sources Interview: Dipuo Peters, Minister of Energy Interview: Brian Dames, Chief Executive, Eskom Harnessing the elements: Renewables likely to contribute more to the energy mix Interview: Bonang Mohale, Chairman, Shell South Africa Under pressure: Exploring the Karoo Basin’s shale gas has created controversy Interview: David Constable, Chief Executive Officer, Sasol PROVINCES Regions of recovery: Increased diversification is fuelling an uptick across the provinces Interview: Helen Zille, Premier of the Western Cape REAL ESTATE & CONSTRUCTION Challenging times: Middle-income and affordable segments likely to drive growth Taking stock: Demand for office space expected to follow economic recovery Interview: Samuel Ogbu, Chief Executive, Livery Group Properties Cautious steps: Limited growth to come from investments in infrastructure Down to delivery: Government projects will give the sector a boost TELECOMS & IT Profits full of data: New markets for mobile networks Assigning spectrum: A network bid is put on hold, but testing continues Roundtable: Alan Knott-Craig, CEO, Cell C; Karel Pienaar, Managing Director, MTN South Africa; and Peter Uys, CEO, Vodacom South Africa Interview: Robert Venter, Chief Executive, Altron Looking to connect: Paving the way for new and greater access to high-speed data TOURISM Shifting priorities: A change in focus Interview: Marthinius van Schalkwyk, Minister of Tourism Interview: Marcel von Aulock, CEO, Tsogo Sun Supply and demand: A very competitive market Coming out on top: Sports tourism AGRICULTURE Fresh focus: Efforts to enhance competitiveness Not a poultry sum: Local demand drives growth Interview: Alex Thiel, CEO, Sappi Southern Africa Adding value at home: Domestic processing A sweet deal: Diversifying the sugar industry MEDIA & ADVERTISING Pressing on: A new era for print and digital Interview: Nic Dawes, Editor-in-Chief, Mail & Guardian Tuned in: More competition in pay-TV Spreading the word: New methods and roles RETAIL Changes ahead: Competition set to increase Interview: Ian Moir, CEO, Woolworths EDUCATION & HEALTH Seeds of change: Improving outcomes is crucial Carving out a niche: Low-cost private schools Interview: Frank Thompson, Chief Executive, ADvTECH Group Interview: Adrian Gore, Chief Executive, Discovery Holdings Overhauling the sector: PPP opportunities to rise Prevention better than cure: Safeguarding against disease will help ease load on hospitals TAX SizweNtsalubaGobodo Revising the rates: Changes to legislation Duties explained: An overview of regulations Viewpoint: Zweli Mabhoza, Head of Tax, SizweNtsalubaGobodo Edward Nathan Sonnenbergs LEGAL FRAMEWORK Edward Nathan Sonnenbergs Rules of the game: Setting up and running a firm Redressing historical wrongs: Policies and laws give advantages to black-owned enterprises Workers’ rights: Developments in labour law Protecting ideas: Intellectual property Owning property: Real estate laws Foreign capital: Cross-border transactions Viewpoint: Koos Pretorius, Director, Edward Nathan Sonnenbergs THE GUIDE Urban renewal: New life for Johannesburg Home away from home: Selected hotels Listings: Important contact information Facts for visitors: Useful tips for travellers
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