Financial Mail

A powerful critique of urban development in greater Johannesburg since the end of apartheid in 1994.

This book explores a century of business development of The South African Life Assurance Company, from a specific local focus to a national conglomerate expanding into global insurance markets. Established as a strategic vehicle to address Afrikaner economic marginalization and abject poverty at the beginning of the twentieth century, Sanlam has displayed both path dependence and a dynamic adaptability to complex changing contexts to become a global player. The strategic convergence of economic empowerment through the mobilization of savings into insurance products, as well as Afrikaner nationalism, assisted this growth. Sanlam has played an a-typical role in the economic empowerment of an ethnic entity through extensive investments into the industrializing South African economy. This strategic diversion created operational limitations that were only resolved early in the twenty-first century. As globalization, financial deregulation, and weakened Afrikaner political and social hegemony manifested, strategic change management relied on the path dependence of empowerment strategies to address new markets with similar needs to those of the early stakeholder market of 1918. The former mutual life office demutualized operations to become a diversified financial services group of companies operating across almost the entire African continent, as well as in India, Malaysia, and the UK. This volume presents a business history of strategic management of an insurance enterprise, and its transformation from a defined cultural context into an international empowerment strategy through innovation on all levels of business operation and organization. This book is an Open Access publication, available online under a CC BY-NC-ND 4.0 license.

This book provides the first full account of the 20-year story of universal access and service in South Africa’s ICT sector. From 1994 the country’s first democratic government set out to redress the deep digital divide afflicting the overwhelming majority of its citizens, already poor and disenfranchised, but likewise marginalised in access to telephone infrastructure and services. By this time, an incipient global policy regime was driving reforms in the telecomms sector, and also developing good practice models for universal service. Policy diffusion thus led South Africa to adopt, adapt and implement a slew of these interventions. In particular, roll-out obligations were imposed on licensees, and a universal service fund was established. But an agency with a universal service mandate was also created; and licences in under-serviced areas were awarded. The book goes on to identify and analyse the policy success and failure of each of these interventions, and suggests some lessons to be learned.

John Kane-Berman is uniquely qualified to look back over the enormous political and social changes that have taken place in his lifetime in this fractious country. In his career as student leader, Rhodes Scholar, newspaperman, independent columnist, commentator, and Chief Executive, for thirty years, of the South Africa Institute of Race Relations, Kane-Berman has been at the coal face of political change in South Africa. The breadth and depth of ideas and events covered in Between Two Fires are striking: the disintegration of apartheid, the chaos of the 'people's war' and its contribution to the broader societal breakdown we see today, the liberal slideaway, the rise of an authoritarian ANC with its racial ideology and revolutionary goals, to mention only a few. It is a book of fizzing ideas. Kane-Berman's willingness to confront received wisdom is thoroughly refreshing, and he is forthright about the threats to freedom, democracy, and growth in contemporary South Africa, many of which he identified even before the ANC came to power. He is equally forthright in putting forward liberal ideas to halt the country's downward slide. Writing, debate, and reasoned argument are Kane-Berman's stock in trade, and his clarity of vision and personal insight have created a memoir of rare candour and absorbing interest.

Beer connects commercial, social, and political history in this sobering look at the culture of drinking in South Africa. Beginning where stories of colonial liquor control, Mager looks at the current commerce of beer, its valorizing of male sociability and sports, and the corporate culture of South African Breweries.

A unique, truly comprehensive guide to all aspects of investment, that provides a wealth of expert advice and information in clear and jargon-free language that everyone will understand. Part I - getting startedWhat are shares? How to buy and sell shares and what to expect in terms of returns? How to find a stockbroker that's right for you. How much money should you invest directly in shares? Lower-risk investments in bonds, gilts, and unit and investment trusts. Risk - and achieving the balance between risk and reward. Part II - understanding the jargonWhat do company results show? Some key financial yardsticks and how to calculate them. Key accounting issues and how the books can be cooked. Financial ratios and what they tell you. Part III - for the more experienced investorRisk and the psychology of investment. Some theories about markets and stock market investment. Key investment styles and the gurus of investment. Different types of investment opportunities. Futures and options. Commodities.

Originally published in 1988, this book describes and analyses the factors that were operative in South Africa during the 1980s, at a time when Apartheid was under intense pressure. It focuses not only on the central arenas of political action, but also on the non-institutional arenas which were increasingly the central forums of political action. Organised around the three linked themes of state action, popular opposition and possible alternatives, the work examines the manner in which such key institutions such as government, business and the military responded to Apartheid in its crisis as well as the role of the ANC, the black trade unions, Inkatha and community movements in the townships. The final section deals with the South African left and the Freedom Charter.