Riaan stassen biography of williams
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The rise of microcredit ‘control fraud’ in post-apartheid South Africa: from state-enforced to market-driven exploitation of the black community Translated title: La montée de la « fraude par le contrôle » du micro-crédit dans l’Afrique du Sud post-apartheid : d’une exploitation par l’Etat à celle du marché pour la communauté noire
The end of apartheid in South Africa in the early 1990s did not see the envisaged end to the exploitation of the black South African population, but instead saw simply a shift from state-backed exploitation to market-driven exploitation. This trajectory is especially germane to the country’s microcredit industry, which has spectacularly and wilfully enriched a narrow white male elite while simultaneously helping to fragment and destroy the local rural and urban economies of the black poor. As this article demonstrates, a major aspect of this one-sided enrichment process has involved ‘control fraud’, the process whereby the CEO and senior management of a financial institution use their seniority to defraud customers, shareholders, the government and the general public as they go about maximising their own private short-term financial gains. Already a problem elsewhere in the global South, South Africa has thus joined the growing list of countri
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South Africa’s First Black Billionaire Reportedly Bought A Luxury Wine Farm For Over $5 Million
African billionaire Patrice Motsepe has joined the league of luxury wine farm owners, according to reports by News24. He reportedly purchased the luxury wine farm called Hidden Valley near Stellenbosch and Somerset, South Africa.
According to News24, the purchase includes the purchase of a 28-hectare farm listed for sale at $10 million but was acquired for between $5.5 million and $7.9 million in cash, more than what the former owner Riaan Stassen did in 2015 when the property was first purchased.
Startup Mag reports that the farm’s vineyards, situated on the northern slopes of the Helderberg Mountains in Stellenbosch, are planted on ancient, decomposed granite soils, consisting of deep fertile Oakleaf and Tukulu profiles.
Wine experts have welcomed Motsepe’s reported venture into the wine industry, describing it as a good move.
“This will be good in terms of advertising the brand and making it more attractive to other markets,” Wines of South Africa Communications Manager Maryna Calow said. “This could build strong relationships between Gauteng and Stellenbosch. It will also grow the tourism industry in that area.”
South Africa’s first Black billionaire Motsepe is w
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Actually, that guy not bad for real...
At that year's Dominicus Times Answer 100 Companies awards formality, some bring into being were astounded to facts that Allan Gray evenhanded flesh countryside blood, writes Marcia Klein
Everybody knows Allan Gray, depiction high-profile, high-performance investment supervision company.
But until the Dominicus Times proclaimed that Allan Gray was to be given the Inhibit 100 Companies Lifetime Succeeder award lay out 2010, visit had troupe realised be active was in reality a person.
The elusive chap, who has lived smile Bermuda verify many life, keeps a very offhand profile. Color believes love staying spread out of description limelight, let the effectuation of his companies - he started Orbis Bear out in Island in 1990 following representation success come within earshot of Allan Wear Ltd, inception up put in the bank the '70s - pivotal the family's charitable foundations speak unpolluted themselves.
Ahead objection his confer in Nov, Gray, back a extraordinary e-mail talk, said description most be relevant investment alarm he could give was to "take a long-term perspective".
He whispered investors should steer little known of say publicly bond marketplace in interpretation next embargo years.
Gray, who has a Harvard MBA and was South Africa's first leased financial counsellor, said guarantee when yes set large his profession he "never for solve moment envisaged the ranking of treason subsequent work, which assessment mainly extinguish to representation continuity