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The 50 Over 50 List Of Africa’s Female Powerhouses

75| FORMER JUDGE OF THE HIGH COURT OF KENYA AND PRESIDING JUDGE OF THE INTERNATIONAL CRIMINAL COURT (ICC) AT THE HAGUE| KENYA



By Marie Shabaya



A trailblazer in many respects, the esteemed Lady Justice Joyce Aluoch carries her title with grace. After a long judicial career that spanned over four decades, she has now taken on a new set of challenges including a career in high-level mediation running in parallel with an assignment to reform the judiciary of South Sudan; Africa’s youngest nation.



“I remember that I wasn’t terribly convinced [to take on this role]…I had never been to Juba. I had never been to South Sudan. I knew it was going to be challenging. This is a country that has been in conflict for a long time and this is a government in transition,” she explains.



For much of her career, the Lady Justice has been presiding over some of the continent’s most definitive legal decisions, particularly during her nineyear term as a judge on the bench at the International Criminal Court (ICC) at The Hague. In order to serve one of the highest benches in the world, candidates must be nominated by their governments. 



For the Lady Justice, her appointment was a matter of fate.



“As if fate would have it, the candidate who had been nominated [for the role]…his name had been sent to The Hague and also to New York and nominations had been closed. Come September of the same year, nominations were open [again] because Asia Pacific had not sent names. It was during that brief opening that things happened. The original candidate [from Kenya] whose name had been sent was withdrawn and my name was substituted.”



As a presiding judge at the ICC, the Lady Justice was assigned to cases related to war crimes in Darfur, the post-election civil war in the Ivory Coast, and the case of Saif al-Islam Gaddafi; son of the late Muammar al Gaddafi of Libya. Off the bench, the Lady Justice has served on a number of pivotal committees including an appointment as the First Chairperson of the Committee of African Union Experts on the Rights and Welfare of the Child as well as being the Vice-Chairperson of the United Nations Committee on the Rights of the Child from 2003 to 2009.



Now in her seventh decade, the work continues. A life-long love of learning and curiosity keeps her going, she admits. It has also supported the longevity of her career in the law and allowed to serve on a diversity of cases and assignments.



“By the time I retired from The Hague, I had served as magistrate and judge for a total of 44 years. Some opportunities will knock on your door but not all opportunities. Most opportunities you have to look out for,” she advises

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Lady Justice Joyce Aluoch: “I KNEW IT WAS GOING TO BE CHALLENGING. THIS IS A COUNTRY THAT HAS BEEN IN CONFLICT FOR A LONG TIME…”

By Marie Shabaya



64| BOARD AND GOVERNANCE EXPERT, FOUNDER AND CEO, ANCHOR RELATIONSHIP NETWORK| KENYA



Jennifer Karina, by her own estimation, has lived a full life. A mother and grandmother, she is driven by a passion for people. In fact, it has formed the basis for most of her career to ensure that personal development and relational intelligence have a place in Kenyan boardrooms.



Now 64 years old, Karina has served on the boards of her country’s most prominent institutions including the Kenya Reinsurance Corporation, Central Bank of Kenya and the Kenya Girl Guides Association. At the same time, she invested in helping people grow, taking on qualifications in psychology, strategic planning and leadership from some of the world’s most recognizable universities. Today, she sits at the helm of Anchor Relationship Network (ARN), a corporate wellness and personal development consultancy based in Nairobi, as Founder and Lead Coach.



In order for her love of people to take root, Karina says that she had to overcome early difficulties.



“My early life was beautiful yet challenging in various aspects. I grew up in a home where my father was a bank manager, my mother was a teacher and so I lived an above-average lifestyle. However, we had what you call a dysfunctional family. It was difficult living there&#8230; so [my siblings and I] went to boarding school very early. I should have loved the holidays but I didn’t.”



In order to escape this unhappiness, Karina made a bold decision.



“Those days, many of us were raised to be wives and so I took the option of marriage&#8230; I found me a man, got married and when I look back it&#8217;s a miracle that I am even here because I got married at 19. At 23, I had three children.”



Concerned for her future, Karina’s father urged her to consider a tertiary education. She conceded and obtained a business degree while raising a young family. However, over time she realized that her true interest was in relationships.



“Based on my own struggles&#8230; having come from being wounded as a child, I had so much need for validation, affirmation, appreciation and it wasn’t coming my way. So, I was withering away&#8230; it took me to go for a counseling session to appreciate what value it added. From there, I realized I wanted it for longer. I began to do a certificate in Counseling as I did that I processed my pain and I became good,” she explains.

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Jennifer Karina: ‘THOSE DAYS, MANY OF US WERE RAISED TO BE WIVES AND SO I TOOK THE OPTION OF MARRIAGE…’

Tsitsi Dangarembga’s Nervous Conditions, published in 1988, was the first English novel in print by a black woman from Zimbabwe. She is a playwright, novelist, and filmmaker. Her novel in 2018, This Mournable Body, was shortlisted for the Booker Prize.



“I would like people to know that personal redemption is possible, even under the worst circumstances,” she says about her latest novel to FORBES AFRICA. She says there’s a feeling that poverty dehumanizes in a way that is unrecoverable, but she believes that the “human thing is not given by the world, it is something we bring into the world when we are born”.



Dangarembga was arrested in Harare in 2021 for protesting against corruption – the same year in which she was awarded the PEN International Award for Freedom of Expression. In 2021, she was also the recipient of the Peace Prize – the first black woman to receive it. In 2022, after an arduous legal process, she was convicted in a Zimbabwean court of inciting public violence, as she and one other person displayed a placard asking for reform on a public road.



Dangerembga has done more than write: she has made a successful, if difficult, foray into filmmaking. After completing her degree, she found a job as a researcher at a video unity in the mid-1980s. She enjoyed the process, and after the unit closed, applied to film school.



She eventually founded Nyerai Films in 1992, the International Images Film Festival for Women (IIFF) in the Director of the Women Filmmakers in Zimbabwe, set up and became the Director of the Institute of Creative Arts for Progress in Africa (ICAPA) Trust in 2009. Dangarembga noticed that funding was given for films that problematize Africans rather than seeing Africans as agents with aspirations. She says this is self-defeating, and something she is concerned about.



The ICAPA Trust does content, training, exhibition and networking events. Dangarembga says they’ve had their ups and downs with funding. She is still looking, and still hoping Zimbabwe’s film industry will grow. She has made 21 short films, shown them internationally and locally, and received awards.



In 2020, she was announced as the University of East Anglia’s inaugural International Chair of Creative Writing, received an honorary fellowship of Sidney Sussex College in Cambridge, and in 2022, was selected to receive a Windham-Campbell literary prize for fiction.



Her advice to young filmmakers and writers? “Persevere, you simply have to find a way to persevere.”

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Tsitsi Dangarembga: ‘I Would Like People To Know That Personal Redemption Is Possible’

67| CHAIR, INTERNATIONAL OLYMPIC COMMITTEE (IOC) ADVISORY COMMITTEE ON HUMAN RIGHTS| SOUTH AFRICA



In 2022, Dr Phumzile Mlambo-Ngcuka took home the FORBES WOMAN AFRICA Lifetime Achievement Award at the 7th annual Leading Women Summit. The former UN Women Executive Director’s recent appointment as the Chairperson of The International Olympic Committee (IOC) Advisory Committee on Human Rights is just one example of how success has no age limit.



“Dr Mlambo-Ngcuka has devoted her career to issues of human rights, equality, and social justice, and her experience will help the IOC enhance respect for human rights across our three spheres of responsibility,” said IOC President Thomas Bach in a December statement after her appointment.



Mlambo-Ngcuka was born in Clermont, a township of Durban in KwaZulu-Natal, which housed multiple notable residents like Nonkululeko Nyembezi-Heita (chairperson of the Standard Bank Group), actor Muzi Mthabela and former anti-apartheid activist Eric Mtshali.



Having attended schools in KwaZulu-Natal, Lesotho, and England, the start of Mlambo-Ngcuka&#8217;s illustrious career began in the 1980s when she started at some of the world&#8217;s largest organizations in Geneva, to take up the position as the coordinator at World YWCA, where she established a global program for young women.



“I owe most of my breakthroughs to supportive and tough leadership of both men and women who assigned me to take up roles I learned a lot from,” Mlambo-Ngcuka says to FORBES AFRICA.



She was in Geneva from 1984 to 1989 and then returned to South Africa where she spearheaded TEAM in Cape Town, an ecumenical organization that focused on upskilling women, and where she was held to a high standard as a leader in the women&#8217;s movement, especially in the fight against apartheid.



“These were leaders who were both inspiring and they set the bar high and gave support when I faced challenges.”



Mlambo-Ngcuka has dedicated her career to “issues of human rights, equality and social justice, with a specific emphasis on gender and youth development”. In a 2022 interview with Global Citizen, she reflected about being part of the apartheid regime as a young South African activist which is why she has so much respect for young people fighting for equal opportunities today.



“[Young people] will take whatever steps necessary to achieve their objectives,” Mlambo-Ngcuka told Global Citizen. “&#8230;This is where you can see that it is really necessary to open up and allow young people to play the role they want to play in providing leadership and solutions in society.”



Her political career in South Africa also consisted of her working “tirelessly” to build and create policies and programs to diminish inequality, which began in 1994 when she became a member of the first democratically-elected South African Parliament. In 2005, she became the first woman to hold the position of Deputy President, the highest-ranking female political leader in the history of South Africa.



According to the University of the Witwatersrand, located in one of South Africa’s biggest economic hubs; Johannesburg, her 2005 appointment as the country’s first female Deputy President was not “only a win for women but it paved the way for sharper policies to unlock bottlenecks that suppressed economic growth”.



Mlambo-Ngcuka was happy to see change.



“Men are still dominating in most fields,” Mlambo-Ngcuka says. “Change is slow and it will not be permanent if we don&#8217;t focus on making it permanent.”



In data released by the World Bank showing the proportion of seats held by women in national parliaments for South Africa was only 33% in 2008. In 2021, that number rose to 47%, making South Africa the second-highest in having female members in parliament, Rwanda being the first with 61%.



“As women get into decision-making in parliaments, private sector boards, civil society,” Mlambo-Ngcuka further tells FORBES AFRICA, “they must ensure policies and special measures that promote women and sustain those roles. Ensure women gain irreversible momentum.



“Younger women have to keep rising and taking up space. The older good men and women must provide a support system, offer them opportunities and continuous push. Education in this context is critical but education alone is not enough; own drive and support are necessary. Young women must never forget the importance of sisterhood and organizing.”



In 2021, after completing her term as United Nations’ (UN) Under Secretary-General and Executive Director of UN Women, her colleagues and friends bid her farewell describing her as a visionary inter-generational champion.



But this not mean slowing down in any way for Mlambo-Ngcuka as she continues to be engaged and affiliated with organizations committed to education, women empowerment, and gender equality.



“In 50 years, we should not be talking about female leaders, we should just be talking about leaders.” Mlambo-Ngcuka concludes. There should be a representation of women at higher echelons as a norm.



Both men and women should play an equal role in leadership with no spotlight on women. This is what we are working towards.”


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<a href="https://www.forbesafrica.com/lists/2023/02/14/50-over-50-success-at-every-age/">For the full 50 Over 50 List </a>

Untitled

Dr Phumzile Mlambo-Ngcuka: ‘I Owe Most Of My Breakthroughs To The Supportive And Tough Leadership of Both Men and Women’

INTRODUCING FORBES AFRICA’S 50 OVER 50 LIST – OUR FIRST- EVER COMPILATION OF 50 WOMEN OVER THE AGE OF 50 SCALING NEWER HEIGHTS AND INSPIRING THE NEXT CADRE OF LEADERSHIP ON THE AFRICAN CONTINENT. AGE IS JUST A NUMBER FOR THEM AND RETIREMENT NOT AN OPTION OR THE END OF THE ROAD, AS THEY CONTINUE TO POWER THEIR WAY INTO HISTORY BOOKS AND THE HEARTS OF AFRICANS. FROM BUSINESS TYCOONS TO TECHNOCRATS, FOUNDERS TO C-SUITE EXECUTIVES, AND ACTIVISTS TO ENTERTAINERS, THEY HAVE BROKEN BARRIERS THROUGHOUT THEIR IMPACTFUL CAREERS, AND TAKEN UP SPACES TO ENSURE OTHERS HAVE A VOICE IN THOSE VERY SPACES AND BEYOND. READ ON: THE SENIOR-MOST CHANGE-MAKER ON THIS LIST IS 98 AND STILL UNSTOPPABLE!



By Chanel Retief, Lillian Roberts and Marie Shabaya – With inputs from West Africa by Peace Hyde



We are in 2023 talking about mainstreaming electric cars, virtual reality, drone deliveries and space travel.



Sure, NASA is talking about landing a woman on the moon by 2024, but back on earth, gender disparity is still a norm, a discussion point, an unfinished business. As it has been for a long time And sadly, as reports suggest, as it will remain.



The World Economic Forum’s Global Gender Gap Report 2022 states that the gender gap globally has been closed by 68.1%, but at the current rate of progress, it will take another 132 years to reach full parity.



The statistics speak. But so do generations of women wanting the needle to move, faster.



Although no country has yet achieved full gender parity, the top 10 economies have closed at least 80% of their gender gaps, with Iceland (90.8%) leading the global ranking. The only sub-Saharan African countries to make the top 10 in narrowing the gender gap are Rwanda (81.1%, 6th) and Namibia (80.7%, 8th).



In an analysis by the African Centre for the Constructive Resolution of Disputes (ACCORD), their gender parity index (GPI) report showed that 30 (66.67%) countries have increased gender parity while 15 (33.33%) have decreased gender parity. For ACCORD, this is an average increase for the continent when comparing the gender gap between 2013 and 2021.



But even with these figures, the reality is that women in Africa make a sizeable contribution to the continent’s informal and formal economies. The African Development Bank (AfDB) in its Empowering African Women report states that women on the continent are “more economically active as farmers and entrepreneurs than women in any other region of the world. It is the women who grow most of Africa’s food, and who own one-third of all businesses”.



But yet, the well-entrenched stereotypes and conditioning have been hard to break.



Says Nonkululeko Gobodo, Chief Executive Officer at AWAKENED Global and better known as South Africa’s first black female chartered accountant, in an interview with FORBES AFRICA: “Because these topics [racial and gender inequalities] are so embedded in history, we are so confused by this history that has defined who black people are and who women are that we’ve been unable to break free from [them]. I call them myths, because whatever people believe about women or black people are just really myths that were created.”



Milestones were hard won, particularly for this generation that had to also look past historical hardships, as they powered on.



“My parents lost everything, including all their life savings because they were on the Biafran side,” Dr Ngozi Okonjo-Iweala, the first woman and first African to lead the World Trade Organization as Director-General, said in FORBES AFRICA’s December 2020-January 2021 issue when she won African of the Year. “I was eating one meal a day and children were dying. So, I learned to live very frugally. I often say I can sleep on a mud floor as well as a feathered bed and be very comfortable. It has made me someone who can do without things in life because of what we went through.”



The AfDB report shows that while African women work 50% longer hours than men, the pay gap between men and women is still very wide.



But this has not swayed the fairer sex to give up on their goals.



“I am in full of admiration for women all over the African continent,” Okonjo-Iweala said at the 2021 FORBES WOMAN AFRICA Leading Women Summit for the closing keynote address. “Our priorities for African governments make sure girls are in school getting an education.”



Winnie Byanyima, the Executive Director of UNAIDS and Under-Secretary-General of the United Nations, wrote in her column for FORBES AFRICA’s 10th anniversary issue in 2021: “Woman leaders, particularly young women, when given space to share their creativity, will show how to build societies able to overcome any crisis and to unleash the potential of all.”



“I’ve always viewed myself not as a woman but as a human being,” Professor Quarraisha Abdool Karim, renowned South African AIDS researcher, tells us. “And what is it that I want to contribute to leaving the world as a better place. And what is it that I can do to enhance our lives and ensure a sustainable future.”



This is what spells success for these 50 powerhouses on our 50 Over 50 list.



Each of them has taken the time to ensure a foundation has already been built for their successors to further build on.



In 2020, at the helm of a new decade, FORBES WOMAN AFRICA ran a list of Africa’s 50 Most Powerful Women; those challenging the status quo and paving the way where there was none.



There are many formidable personalities from that list you will find on these pages too; from Wendy Luhabe to Wendy Appelbaum to Wendy Ackerman and Angélique Kidjo to Arunma Oteh to Amina J Mohammed, you will find them here, amongst several new names too from across the African continent.



“There is no force equal to a woman determined to rise,” says Louisa Mojela, the CEO of WIPHOLD in South Africa, aptly.



No matter their work in entrepreneurship, entertainment, investment, activism or philanthropy, this 2023 edition is a befitting list of respected change-makers to honor International Woman’s Day on March 8 (which is also when the eighth instalment of the FORBES WOMAN AFRICA Leading Women Summit will be held in Pretoria, South Africa).



“I think everyday should be a day celebrating women and what women achieve,” says Wendy Ackerman, Founder and Honorary Life President of Pick n Pay Stores.



“Because everyday is a miracle what we do achieve. I watch my daughters and I watch the other women around me. In the company, I’ve watched how women have risen through the ranks, and educated themselves while working. I really believe that we should all celebrate women, and protect them.”



Here’s presenting Africa’s inter-generational female champions.



 Editor’s Note: The list follows no particular order



<figure class="wp-block-table"><table><tbody><tr><td>Name </td><td>Age</td><td>Country </td><td>Title</td></tr><tr><td>Dr Phumzile Mlambo-Ngcuka</td><td>67</td><td>South Africa</td><td>Chair, International Olympic Committee (IOC) Advisory Committee on Human Rights</td></tr><tr><td>Nolitha Fakude</td><td>55</td><td>South Africa</td><td>President, Minerals Council South Africa and Group Director, Anglo-American plc</td></tr><tr><td>Dr Helena Ndume</td><td>62</td><td>Namibia </td><td>Head, Ophthalmology Department at Windhoek Central Hospital</td></tr><tr><td>Tsitsi Dangarembga</td><td>63</td><td>Zimbabwe</td><td>Author, Playwright and Filmmaker</td></tr><tr><td>Juliet Ehimuan</td><td>50+</td><td>Nigeria</td><td>Country Director, GoogleChief Justice Martha Koome</td></tr><tr><td>Chief Justice Martha Koome</td><td>63</td><td>Kenya</td><td>15th Chief Justice of the Republic of Kenya, President of the Supreme Court of Kenya</td></tr><tr><td>Dr Victoria Kisyombe</td><td>50+</td><td>Tanzania</td><td>Founder and CEO, Selfina</td></tr><tr><td>Dr Agnes Kalibata</td><td>50+</td><td>Rwanda</td><td>President, Alliance for a Green Revolution in Africa (AGRA), Policymaker and Agricultural Scientist</td></tr><tr><td>Folorunso Alakija</td><td>71</td><td>Nigeria</td><td>Managing Director, Rose of Sharon Group</td></tr><tr><td>Louise Mushikiwabo</td><td>62</td><td>Rwanda</td><td>Secretary General, Organisation Internationale de la Francophonie</td></tr><tr><td>Dr Matshidiso Moeti</td><td>69</td><td>Botswana</td><td>Regional Director, World Health Organization Africa|</td></tr><tr><td>Wendy Luhabe</td><td>65</td><td>South Africa</td><td>Social Entrepreneur</td></tr><tr><td>Arunma Oteh</td><td>50+</td><td>Nigeria</td><td>Chair, Royal African Society, Former Treasurer and Vice President of the World Bank</td></tr><tr><td>Nomhle Maggie Mliswa</td><td>58</td><td>Zimbabwe</td><td>CEO, Summerhill Farms</td></tr><tr><td>Graça Machel</td><td>77</td><td>Mozambique-South Africa</td><td>Founder and Chair of the Board for the Graça Machel Trust, Co-founder and Deputy Chair, The Elders</td></tr><tr><td>Irene Charnley</td><td>62</td><td>South Africa</td><td>Chair, Gibela Rail Transport Consortium</td></tr><tr><td>Nonkululeko Nyembezi-Heita</td><td>62</td><td>South Africa</td><td>Chair, Standard Bank Group and Standard Bank of South Africa</td></tr><tr><td>Alda Salomão</td><td>50+</td><td>Mozambique</td><td>Environmental Lawyer, Human Rights Activist, Land Specialist</td></tr><tr><td>Olajumoke Adenowo</td><td>54</td><td>Nigeria</td><td>Founder, AD Consulting</td></tr><tr><td>Zipporah Kittony</td><td>80</td><td>Kenya</td><td>Former Chairperson, Maendeleo ya Wanawake and Veteran Politician</td></tr><tr><td>Ngozi Okonjo-Iweala</td><td>68</td><td>Nigeria</td><td>Director-General, World Trade Organization</td></tr><tr><td>Grace Onyango</td><td>98</td><td>Kenya</td><td>Veteran Female Politician</td></tr><tr><td>Dr Frannie Léautier</td><td>50+</td><td>Tanzania</td><td>CEO, SouthBridge Investments</td></tr><tr><td>Phuthi Mahanyele-Dabengwa</td><td>52</td><td>South Africa</td><td>CEO, Naspers South Africa</td></tr><tr><td>Amina J Mohammed</td><td>61</td><td>Nigeria</td><td>Deputy Secretary-General of the United Nations</td></tr><tr><td>Dr Precious Moloi-Motsepe</td><td>58</td><td>South Africa</td><td>Co-Founder and CEO, Motsepe Foundation and Founder and Executive Chair, African Fashion International</td></tr><tr><td>Connie Ferguson</td><td>52</td><td>South Africa</td><td>Actress, Filmmaker and Co-Founder, Ferguson Films</td></tr><tr><td>Wendy Ackerman</td><td>60+</td><td>South Africa</td><td>Founder and Honorary Life President, Pick n Pay Stores</td></tr><tr><td>Professor Quarraisha Abdool Karim</td><td>63</td><td>South Africa</td><td>President, UNESCO-TWAS, Professor in Clinical Epidemiology, Columbia University and Vice-Chancellor for African Health, University of KwaZulu-Natal</td></tr><tr><td>Jennifer Karina</td><td>64</td><td>Kenya </td><td>Board and Governance Expert, Founder and CEO, Anchor Relationship Network</td></tr><tr><td>Ellen Johnson Sirleaf</td><td>84</td><td>Liberia</td><td>First Female President of Liberia, Nobel Peace Prize Laureate</td></tr><tr><td>Flora Mutahi</td><td>50+</td><td>Kenya</td><td>Founder and CEO, Melvin Marsh International</td></tr><tr><td>Ibukun Awosika</td><td>61</td><td>Nigeria</td><td>Founder and Chief Executive Officer, The Chair Centre Group</td></tr><tr><td>Lydia Nsekera</td><td>55</td><td>Burundi</td><td>Chair, International Olympic Committee for Gender Equality, Diversity, and Inclusion</td></tr><tr><td>Magda Wierzycka</td><td>54 </td><td>South Africa</td><td>Founder and Executive Chairperson, Sygnia</td></tr><tr><td>Judy Dlamini</td><td>63</td><td>South Africa</td><td>Founder and Chairperson, Mbekani Group</td></tr><tr><td>Dr Jennifer Riria</td><td>50+</td><td>Kenya</td><td>Veteran Women’s Rights Campaigner, Founder and CEO, Echo Network Africa</td></tr><tr><td>Catherine Wijnberg</td><td>64</td><td>South Africa</td><td>Founder, Fetola</td></tr><tr><td>Nonkululeko Gobodo</td><td>62</td><td>South Africa</td><td>Co-Founder, SNG Grant Thornton</td></tr><tr><td>Louisa Mojela</td><td>60+</td><td>South Africa</td><td>Co-Founder, WIPHOLD</td></tr><tr><td>Thuli Madonsela</td><td>60</td><td>South Africa</td><td>Advocate and Professor of Law</td></tr><tr><td>Lady Justice Joyce Aluoch</td><td>75</td><td>Kenya</td><td>Former Judge of the High Court of Kenya and Presiding Judge of the International Criminal Court (ICC) at The Hague</td></tr><tr><td>Wendy Appelbaum</td><td>62</td><td>South Africa</td><td>Entrepreneur, Founder, DeMorgenzon Wine Estate</td></tr><tr><td>Nokugcina Elsie Mhlophe</td><td>64</td><td>South Africa</td><td>Storyteller, Writer, Playwright, Director</td></tr><tr><td>Chileshe Kapwepwe</td><td>64</td><td>Zambia</td><td>Secretary General, Common Market for Eastern and Southern Africa (COMESA)</td></tr><tr><td>Professor Glenda Gray</td><td>60</td><td>South Africa </td><td>President, South African Medical Research Council (SAMRC)</td></tr><tr><td>Connie Chiume</td><td>70</td><td>South Africa</td><td>Actress and Filmmaker|</td></tr><tr><td>Angélique Kidjo</td><td>62</td><td>Benin</td><td>Five-Time Grammy Winner, Singer-Songwriter, Actress and Activist</td></tr><tr><td>Rebecca Enonchong</td><td>55</td><td>Cameroon </td><td>Founder and CEO, AppsTech|</td></tr><tr><td>Yvonne Chaka Chaka</td><td>57</td><td>South Africa</td><td>Singer, Songwriter, Actress, Entrepreneur and Humanitarian</td></tr></tbody></table></figure>



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The 50 Over 50 List Of Africa’s Female Powerhouses: Success At Every Age

The National Basketball Association (NBA) draft is always an exciting time of the year when teams in the greatest league on earth get to refresh their squads with the best young talent available. FORBES AFRICA takes a look at the eight players who were part of this season’s draft, some of who have gone straight to their new franchises, while others will earn experience elsewhere with the long-term goal in mind. 



By Nick Said 



Africa has a deep-rooted legacy in the NBA and provided star names in the past such as Hakeem Olajuwon, Dikembe Mutombo, Manute Bol and Luol Deng. This year, we got to see a new crop of players with ties to the continent, who have set their sights on fame and glory on the court. Here they are: 



Christian Koloko  Draft: Selected 33rd overall by the Toronto Raptors 


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Koloko became the first Cameroonian selected in the NBA draft since Toronto’s Pascal Siakam in 2016 and is the third highest drafted player from the Central African country of all time behind the latter and Joel Embiid, who was third in 2014.  Born in Douala, the 22-year-old was spotted at the Basketball Without Borders (BWB) Africa talent scouting camp in Senegal in 2017, and was taken to the United States where he played for Birmingham High School, despite speaking no English.  The center later featured for the University of Arizona before being drafted by Toronto.  



Yannick Nzosa  Draft: Selected 54th overall by the Washington Wizards 


<div class="wp-block-image">
<figure class="aligncenter size-full is-resized"><img decoding="async" loading="lazy" src="https://cms.forbesafrica.com/wp-content/uploads/2023/01/GettyImages-1239215594.jpg" alt="" class="wp-image-57343" width="625" height="417" srcset="https://cms.forbesafrica.com/wp-content/uploads/2023/01/GettyImages-1239215594.jpg 1024w, https://cms.forbesafrica.com/wp-content/uploads/2023/01/GettyImages-1239215594-300x200.jpg 300w, https://cms.forbesafrica.com/wp-content/uploads/2023/01/GettyImages-1239215594-768x512.jpg 768w" sizes="(max-width: 625px) 100vw, 625px" /><figcaption> (Photo by Flaviu Buboi/NurPhoto via Getty Images)</figcaption></figure></div>


Nzosa was only 18 when he was drafted by Washington Wizards, who have sent him to Spanish side Real Betis to get experience in the 2022/23 season. Soccer was his first love and he started as a goalkeeper given his tremendous height, before being spotted by the coach of a local basketball club in Kinshasa.  He attempted to go to an academy in Spain as a 13-year-old, but was denied a visa, and instead went to Stella Azzurra Roma, though he later was controversially taken to Spain by his mentor Joe Lolonga without the Italian club’s permission.   He made his debut for his new side Unicaja at the age of 16 and was an instant hit, even if injury has slowed his progress recently. 



  Ousmane Dieng  Draft: Selected 11th overall by the New York Knicks 


<div class="wp-block-image">
<figure class="aligncenter size-full is-resized"><img decoding="async" loading="lazy" src="https://cms.forbesafrica.com/wp-content/uploads/2023/01/GettyImages-1446348654.jpg" alt="" class="wp-image-57347" width="556" height="371" srcset="https://cms.forbesafrica.com/wp-content/uploads/2023/01/GettyImages-1446348654.jpg 1024w, https://cms.forbesafrica.com/wp-content/uploads/2023/01/GettyImages-1446348654-300x200.jpg 300w, https://cms.forbesafrica.com/wp-content/uploads/2023/01/GettyImages-1446348654-768x512.jpg 768w" sizes="(max-width: 556px) 100vw, 556px" /><figcaption>(Photo by Jonathan Bachman/Getty Images)</figcaption></figure></div>


Dieng’s family are from Senegal, though the shooting guard was born in France and has had a circular route to the NBA.  He moved to New Zealand Breakers in 2021 and competed in the National Basketball League (NBL). While there he joined the league’s Next Stars program which specifically looks to develop NBA draft prospects. It worked as he was snapped by the New York Knicks ahead of the 2022/23 season, though he was immediately traded to the Oklahoma City Thunder. He is still only 19. 



 &nbsp;



Khalifa Diop  Draft: Selected 39th overall by the Cleveland Cavaliers 


<div class="wp-block-image">
<figure class="aligncenter size-full is-resized"><img decoding="async" loading="lazy" src="https://cms.forbesafrica.com/wp-content/uploads/2023/01/GettyImages-1246319180.jpg" alt="" class="wp-image-57345" width="508" height="338" srcset="https://cms.forbesafrica.com/wp-content/uploads/2023/01/GettyImages-1246319180.jpg 1024w, https://cms.forbesafrica.com/wp-content/uploads/2023/01/GettyImages-1246319180-300x200.jpg 300w, https://cms.forbesafrica.com/wp-content/uploads/2023/01/GettyImages-1246319180-768x512.jpg 768w" sizes="(max-width: 508px) 100vw, 508px" /><figcaption>Photo by Alberto Gardin/NurPhoto via Getty Images)</figcaption></figure></div>


The 20-year-old from Guereo, Senegal, is another who has been making a name in Spain, where he plays for Gran Canaria. He was drafted for the Cleveland Cavaliers but has been sent back to Gran Canaria to gain experience during the 2022/23 season. The center, who stands at an impressive 2.11 meters tall, first rose to prominence in the Basketball Without Borders (BWB) game at the NBA All-Star match in 2019.    Ochai Agbaji  Draft: Selected 14th overall by the Washington Wizards 


<div class="wp-block-image">
<figure class="aligncenter size-full is-resized"><img decoding="async" loading="lazy" src="https://cms.forbesafrica.com/wp-content/uploads/2023/01/GettyImages-1454282748.jpg" alt="" class="wp-image-57348" width="582" height="386" srcset="https://cms.forbesafrica.com/wp-content/uploads/2023/01/GettyImages-1454282748.jpg 1024w, https://cms.forbesafrica.com/wp-content/uploads/2023/01/GettyImages-1454282748-300x200.jpg 300w, https://cms.forbesafrica.com/wp-content/uploads/2023/01/GettyImages-1454282748-768x511.jpg 768w" sizes="(max-width: 582px) 100vw, 582px" /><figcaption> (Photo by Alex Goodlett/Getty Images)</figcaption></figure></div>


Agbaji&#8217;s father, Olofu, moved from Nigeria to the United States when he was 17 in order to play basketball for the University of Wisconsin-Milwaukee, though initially he encouraged his son to play soccer.  But when Ochai grew nine inches in a single year it became clear he had all the attributes to be a top baller and was a star for the University of Kansas.  The shooting guard was selected in the draft by the Washington Wizards, but they traded him to Utah Jazz in September before the season started. There he plays alongside fellow Nigerian Udoka Azubuike.     Mark Williams  Draft: Selected 15th overall by the Charlotte Hornets 



Center Williams was selected by Charlotte Hornets in the draft but is spending the season with their affiliate side Greensboro Swarm. He is an alumnus of Duke University and starred for them, catching the eye of a number of teams around the country. Williams’ older sister Elizabeth is a star of the Women’s NBA and his parents are both doctors who emigrated from Nigeria. 



  Moussa Diabate  Draft: Selected 43rd overall by the Los Angeles Clippers 


<div class="wp-block-image">
<figure class="aligncenter size-full is-resized"><img decoding="async" loading="lazy" src="https://cms.forbesafrica.com/wp-content/uploads/2023/01/GettyImages-1428443282.jpg" alt="" class="wp-image-57346" width="641" height="427" srcset="https://cms.forbesafrica.com/wp-content/uploads/2023/01/GettyImages-1428443282.jpg 1024w, https://cms.forbesafrica.com/wp-content/uploads/2023/01/GettyImages-1428443282-300x200.jpg 300w, https://cms.forbesafrica.com/wp-content/uploads/2023/01/GettyImages-1428443282-768x512.jpg 768w" sizes="(max-width: 641px) 100vw, 641px" /><figcaption>(Photo by Harry How/Getty Images)</figcaption></figure></div>


Diabate’s parents are from Mali and Guinea, and he was snapped by Los Angeles Clippers in the draft after shining for the University of Michigan. He has been sent to affiliate club Ontario Clippers, where he will spend the 2022/23 season as he makes his way in the game. Diabate was part of the Basketball Without Borders (BWB) game at the NBA All-Star match in 2020. 



  Ismaël Kamagate  Draft: Selected 46th overall by the Detroit Pistons 



Kamagate will play the 2022/23 season with Paris Basketball having been loaned back to them by his new NBA employers Denver Nuggets.  In a snapshot of how complex things can get in the NBA, Detroit Pistons selected the 21-year-old in the draft having scouted him in the French league, where he has been a star. But they immediately traded him to Portland Trail Blazers, who then traded Kamagate again to the Denver Nuggets, who have now sent him to Paris. Born to Ivorian parents, he was named best defender in the French competition in 2022.

Basketball dribble

Tall Talent: Africa’s Basketball Stars

It’s FORBES AFRICA’s 11th birthday, and we have rounded up a team of 11 stellar African footballers who we believe have been the best from the African continent since 2011.



By Nick Said 



<h2 id="h-goalkeeper">GOALKEEPER</h2>



Édouard Mendy (Senegal) The 30-year-old gloveman was a late starter and playing Ligue 2 football in France just four years ago before a meteoric rise that has seen him become arguably the best goalkeeper in the world. He has been instrumental in Senegal’s recent success.



<h2>RIGHT-BACK</h2>



Achraf Hakimi (Morocco)


<div class="wp-block-image">
<figure class="alignleft size-full is-resized"><img decoding="async" loading="lazy" src="https://cms.forbesafrica.com/wp-content/uploads/2022/11/GettyImages-1441763055.jpg" alt="" class="wp-image-56879" width="277" height="415" srcset="https://cms.forbesafrica.com/wp-content/uploads/2022/11/GettyImages-1441763055.jpg 683w, https://cms.forbesafrica.com/wp-content/uploads/2022/11/GettyImages-1441763055-200x300.jpg 200w" sizes="(max-width: 277px) 100vw, 277px" /><figcaption>r. (Photo by Oliver Hardt &#8211; FIFA/FIFA via Getty Images)</figcaption></figure></div>


Hakimi is only 23 but has already played for Real Madrid, Borussia Dortmund, Inter Milan and current club Paris St Germain, where he is a teammate of Lionel Messi, Kylian Mbappe and Neymar. Not many other footballers can say that. A set-piece specialist, he brings goals from the full-back position.



<h2>CENTRE-BACK</h2>



Kalidou Koulibaly (Senegal) Koulibaly has recently made the switch from Napoli to Chelsea after eight years in Naples, where he was considered among the best defenders in Italy’s Serie A. The 31-year-old has been crucial in back-to-back World Cup qualifications for Senegal, as well as their recent Africa Cup of Nations triumph.



<h2>CENTRE-BACK</h2>



Medhi Benatia (Morocco) Benatia has retired but spent a decade in the Morocco national team and played for such great clubs as Roma, Juventus and Bayern Munich, though he is perhaps best known for his stay with Udinese. He won three league titles in Italy and two in Germany. 



<h2>LEFT-BACK</h2>


<div class="wp-block-image">
<figure class="aligncenter size-full is-resized"><img decoding="async" loading="lazy" src="https://cms.forbesafrica.com/wp-content/uploads/2022/11/GettyImages-1217751780.jpg" alt="" class="wp-image-56880" width="470" height="636" srcset="https://cms.forbesafrica.com/wp-content/uploads/2022/11/GettyImages-1217751780.jpg 757w, https://cms.forbesafrica.com/wp-content/uploads/2022/11/GettyImages-1217751780-222x300.jpg 222w" sizes="(max-width: 470px) 100vw, 470px" /><figcaption>(Photo by Marco Luzzani &#8211; Inter/Inter via Getty Images)</figcaption></figure></div>


Kwadwo Asamoah (Ghana) Although he can play in midfield or defence, he spent much of his career at left-back, which included over 100 appearances for Juventus and a successful spell with Inter Milan. He played more than 350 times in Serie A and won the championship on six occasions to make him one of the most decorated Ghanaian players of all time.



<h2>RIGHT-MIDFIELD</h2>


<div class="wp-block-image">
<figure class="aligncenter size-full is-resized"><img decoding="async" loading="lazy" src="https://cms.forbesafrica.com/wp-content/uploads/2022/11/GettyImages-1244645926.jpg" alt="" class="wp-image-56881" width="570" height="380" srcset="https://cms.forbesafrica.com/wp-content/uploads/2022/11/GettyImages-1244645926.jpg 1024w, https://cms.forbesafrica.com/wp-content/uploads/2022/11/GettyImages-1244645926-300x200.jpg 300w, https://cms.forbesafrica.com/wp-content/uploads/2022/11/GettyImages-1244645926-768x512.jpg 768w" sizes="(max-width: 570px) 100vw, 570px" /><figcaption> (Photo by Robbie Jay Barratt &#8211; AMA/Getty Images)</figcaption></figure></div>


Yaya Touré (Ivory Coast) Toure was not just one of the best in Africa during his playing days, but also a global great during his time with Barcelona and Manchester City. Tall and imposing, he also had great skill and vision and could dominate games all on his own. He was part of the Ivorian Golden Generation and helped them to the Africa Cup of Nations title in 2015. He is a four-time African Footballer of the Year winner, a joint record number with Cameroonian Samuel Eto’o.



<h2>CENTRAL MIDFIELD</h2>



Thomas Partey (Ghana) Partey has been a star for Ghana since 2016 having come through the ranks at Spanish LaLiga side Atletico Madrid, who he helped win the UEFA Europa League in 2018 having lost out in the final of the Champions League two years before. He is now with Arsenal and will be a huge player for Ghana at the World Cup in Qatar.



<h2>LEFT MIDFIELD</h2>



Riyad Mahrez (Algeria) Mahrez usually occupies the right midfield position, but we have moved him to the left in our team. He shot to prominence at Leicester City, who he helped to win the Premier League in 2015/16 – still one of the greatest sporting stories of all time. He has since joined Manchester City and added three more league title wins, while he guided Algeria to Africa Cup of Nations success in 2019.



<h2>RIGHT FORWARD</h2>



Mo Salah (Egypt) Salah was viewed as something of a failure in his early career at Chelsea, but a loan move to Roma in Italy helped ignite his career, which went into over-drive when he joined Liverpool in 2017. He has been among the best forwards in the world since and helped the Anfield club to their first league title in 30 years, as well as the UEFA Champions League and FIFA Club World Cup. Missing from his trophy cabinet is the Africa Cup of Nations after he was runner-up with Egypt in 2017 AND 2021. He has twice won African Footballer of the Year.



<h2>CENTRE-FORWARD</h2>



Pierre-Emerick Aubameyang (Gabon) Samuel Eto’o and Didier Drogba were coming to the end of their careers just as our eligibility period starts, so the centreforward role goes to Gabon’s Aubameyang, who has been a lethal forward in France, Germany, England and Spain for the last 11 years. Up to the start of the 2022/23 season, he had scored more than 300 goals in Europe and was named African Footballer of the Year in 2015.



<h2>LEFT FORWARD</h2>


<div class="wp-block-image">
<figure class="aligncenter size-full is-resized"><img decoding="async" loading="lazy" src="https://cms.forbesafrica.com/wp-content/uploads/2022/11/GettyImages-1439033300.jpg" alt="" class="wp-image-56882" width="577" height="385" srcset="https://cms.forbesafrica.com/wp-content/uploads/2022/11/GettyImages-1439033300.jpg 1024w, https://cms.forbesafrica.com/wp-content/uploads/2022/11/GettyImages-1439033300-300x200.jpg 300w, https://cms.forbesafrica.com/wp-content/uploads/2022/11/GettyImages-1439033300-768x512.jpg 768w" sizes="(max-width: 577px) 100vw, 577px" /><figcaption>(Photo by Jonathan Moscrop/Getty Images)</figcaption></figure></div>


Sadio Mané (Senegal) Mane is arguably the hottest property in Africa right now and at the peak of his powers, both for club and country. He Helped Senegal to the Africa Cup of Nations title in February and followed that up with a beating Salah’s Egypt for a place at the World Cup in Qatar. He took the bold step of leaving Liverpool for Bayern Munich at the start of the 2022/23 campaign but hit the ground running and has continued to bang in the goals in the Bundesliga. He is the reigning African Footballer of the Year, having also won in 2019.

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If you thought this weekend’s cumulative box office (around $43 million) was ugly, just wait until you see next weekend’s domestic cume. Sony moved Morbius from January 28 to April 1, and nothing whatsoever as slid in to fill the gap, which will lead to Spider-Man: No Way Home, Scream and Sing 2 (which is holding firm even as it tops the various VOD charts) again making up around 75% of what gets spent in the last weekend of January. Why is the domestic box office in such grim shape now? Well, the answer is slightly more complicated than “Omicron” or “streaming.”



1. The Oscar season is a bust.&nbsp;



While January isn’t usually a robust month for regularly scheduled tentpoles, we can usually count on one or two December releases successfully expanding into wide release to mainstream commercial success. Think, offhand,&nbsp;A Beautiful Mind&nbsp;($171 million in 2001/2002),&nbsp;Chicago&nbsp;($171 million in 2002/2003),&nbsp;Slumdog Millionaire&nbsp;in 2009,&nbsp;The Silver Linings Playbook&nbsp;($132 million in 2012/2013),&nbsp;The Revenant&nbsp;($184 million in 2015/2016),&nbsp;Hidden Figures&nbsp;($169 million in 2016/2017) and&nbsp;1917&nbsp;($159 million in 2019/2020). These films earned strong reviews and solid buzz in their November/December platform launches and then broke out accordingly with eventual $130-$190 million (or, in the case of&nbsp;American Sniper, $350 million-plus) domestic success once they expanded to “theaters everywhere” early in the new year. Alas, this year has no&nbsp;La La Land&nbsp;or&nbsp;Gran Torino-sized $150 million-plus breakout, nor even the likes of&nbsp;The Fighter&nbsp;or&nbsp;Black Swan&nbsp;both coasting to over/under $100 million in 2010/2011. &nbsp;



House of Gucci, with just $51 million, is the biggest-grossing awards season release with&nbsp;West Side Story&nbsp;placing second by default with $35 million. Save for maybe&nbsp;Dune&nbsp;($107 million), none of this year’s awards season flicks have broken out, with the so-called “mainstream crowd-pleasing frontrunner”&nbsp;Belfast&nbsp;stuck at $7 million and the theoretically commercial likes of&nbsp;King Richard&nbsp;and&nbsp;The Last Duel&nbsp;all earning well below the $23 million-grossing&nbsp;American Underdog. The Christmas tentpoles and the awards season darlings once thrived concurrently. You got the&nbsp;Lord of the Rings&nbsp;trilogy and the respective Best Picture winners thriving.&nbsp;Tron: Legacy&nbsp;and&nbsp;True Grit&nbsp;could both earn around $170 million over Christmas 2010.&nbsp;The Force Awakens&nbsp;($937 million)&nbsp;and&nbsp;The Revenant&nbsp;($184 million) could both be relative successes. But with audiences ignoring the Oscar flicks (or waiting until streaming), the domestic box office is almost entirely predicated on the holdover tentpole business. &nbsp;



2. Most of the December releases flopped.&nbsp;



Speaking of which, almost everything released in December tanked over the holidays. In a skewed example of the movie industry as it now exists, Spider-Man: No Way Home is the fourth-biggest domestic ($721 million-and-counting) and sixth-biggest worldwide ($1.69 billion-and-counting) grosser of all time, while almost everything else (The Matrix Resurrections, The King’s Man, American Underdog, A Journal for Jordan, West Side Story, Nightmare Alley, etc.) sits below $40 million domestic and in most cases closer to $10 million than $25 million. Yes, Illumination’s Sing 2 is a genuine, no-Covid curve theatrical hit, with a likely $140 million domestic and possible $300 million global cume on an $85 million budget. However, compare that to 2017 when The Last Jedi ($620 million), Jumanji: Welcome to the Jungle ($404 million) and The Greatest Showman ($174 million) helped end 2017 and start 2018 with a bang. Even the $84 million gross of Ferdinand now feels aspirational.  



<div class="wp-block-image"><figure class="aligncenter size-full is-resized"><img decoding="async" loading="lazy" src="https://cms.forbesafrica.com/wp-content/uploads/2022/01/GettyImages-1359829962.jpg" alt="" class="wp-image-54044" width="578" height="438" srcset="https://cms.forbesafrica.com/wp-content/uploads/2022/01/GettyImages-1359829962.jpg 1024w, https://cms.forbesafrica.com/wp-content/uploads/2022/01/GettyImages-1359829962-300x228.jpg 300w, https://cms.forbesafrica.com/wp-content/uploads/2022/01/GettyImages-1359829962-768x583.jpg 768w" sizes="(max-width: 578px) 100vw, 578px" /><figcaption> (Photo by Steve Jennings/Getty Images)</figcaption></figure></div>



3. Studios don’t want to cannibalize themselves.&nbsp;



Sony didn’t delay Jared Leto’s&nbsp;Morbius&nbsp;from this weekend to April 1 due to Covid concerns. If that was the case, they could have moved it right back after&nbsp;Scream&nbsp;opened with $33.8 million over MLK weekend. First, April 1 is just a better date for a big movie and second&nbsp;No Way Home&nbsp;is legging out so well (it had a smaller sixth weekend drop than any of the recent pre-Christmas December mega-movies save for&nbsp;Aquaman, Titanic&nbsp;and&nbsp;Avatar) that it’s almost silly to interrupt its stride. As&nbsp;Wag the Dog&nbsp;taught us, you don’t change horses in midstream. Sony can coast on&nbsp;Spider-Man 3 version 2.0&nbsp;grosses regardless of whether it ends up in the Best Picture race next month. Whether or not Sony is throwing in new multiverse cameos,&nbsp;Morbius&nbsp;can wait until&nbsp;Spider-Man&nbsp;has run its race. &nbsp;



Ditto Tom Holland’s&nbsp;Uncharted&nbsp;still set for February 18. Meanwhile, even if Universal wanted to fill in a hole in the schedule, Jennifer Lopez’s&nbsp;Marry Me&nbsp;(also debuting concurrently on Peacock) is specifically a Valentine’s Day weekend attraction, while moving DreamWorks’&nbsp;The Bad Guys&nbsp;from April 15 to, well, now, would only stunt&nbsp;Sing 2’s leggy run. Likewise, while it might be tempting for Paramount to move&nbsp;Jackass Forever&nbsp;to this weekend (as opposed to February 4 against Lionsgate’s IMAX-enhanced&nbsp;Moonfall), they’ve already got&nbsp;Scream&nbsp;doing halfway decent business while banking on Johnny Knoxville’s appearance on&nbsp;<a href="https://www.wrestlinginc.com/news/2022/01/wwe-confirms-johnny-knoxville-for-the-royal-rumble/" target="_blank" rel="noreferrer noopener">this Saturday’s WWE Royal Rumble</a>&nbsp;to goose interest in the comedy sequel. As such, the schedule as it exists remains as it was, with nothing arriving to fill the slot where&nbsp;Morbius&nbsp;was supposed to rule. I mean, I might have tossed Liam Neeson’s&nbsp;Blacklight&nbsp;onto this weekend, but it’s not my money.&nbsp;



4. The Super Bowl!&nbsp;



The Super Bowl will air globally on February 13, 2022. While history has shown that the films slated for that weekend (Death on the Nile&nbsp;and&nbsp;Marry Me) can do fine, it is a huge marketing opportunity for a slew of upcoming movies. No, I don’t know what films will get high-profile commercials during the big game, although Warner Bros. hasn&#8217;t plugged a big movie since&nbsp;Batman Begins&nbsp;in 2005. Regardless, even if they wanted to throw an upcoming movie into the January 21 or January 28 weekend, it would mean they’d be missing a chance to plug that film during the most-watched television event of the year. Sure, we may (speculation alert) see first looks at some big summer tentpoles, we will also likely get reminders for&nbsp;Uncharted, Operation Fortune, The Lost City, Morbius&nbsp;and&nbsp;Sonic the Hedgehog 2, all of which open prior to the summer season.&nbsp;



5. The Streaming Factor



Yes, the industry is dealing with Wall Street’s current preference for streaming, as well as the after-effects of studios selling off some potentially commercial flicks to streaming platforms as a way to get quick cash to weather the storm. I’d imagine Sony’s&nbsp;Hotel Transformania&nbsp;(a lack of Adam Sandler notwithstanding) would have given the box office a mild jolt (the previous three installments have grossed $1.3 billion worldwide) had it opened theatrically instead of debuting this past month on Amazon Prime.&nbsp;Encanto&nbsp;might have been a bit leggier (and opened bigger) had it not been essentially treated as a Disney+ flick with a courtesy 31-day theatrical engagement (as opposed to a theatrical event which would eventually debut on Disney+). I can’t say to what extent Warner’s&nbsp;King Richard&nbsp;and&nbsp;Matrix 4&nbsp;being available on HBO Max, along with the more mainstream Oscar flicks being at 20th Century as Disney was prioritizing Disney+, but it probably didn’t help.



Epilogue



The &#8220;good” news is we’ve been here before. In&nbsp;early 2018,&nbsp;Black Panther&nbsp;earned $700 million domestic and $1.346 billion worldwide while steamrolling a slew of tentpole flicks throughout February and March. This wasn’t&nbsp;Titanic&nbsp;sinking a bunch of small movies. The likes of&nbsp;Tomb Raider, Pacific Rim: Uprising&nbsp;and&nbsp;A Wrinkle in Time&nbsp;might have been franchise-friendly contenders absent the superior all-quadrant blockbuster. Studios held back in 2019 on stuffing the pre-Easter season with copious tentpoles. WB&nbsp;<a href="https://www.forbes.com/sites/scottmendelson/2018/05/24/wbs-godzilla-2-just-moved-far-away-from-disneys-captain-marvel/?sh=60618e324137">moved&nbsp;Godzilla: King of the Monsters</a>&nbsp;from March to May and everyone kept their distance from&nbsp;Captain Marvel&nbsp;(March 8). Alas, January’s&nbsp;Glass&nbsp;slightly underperformed and February’s&nbsp;The LEGO Movie 2&nbsp;tanked, leaving Hollywood waiting for Marvel. Cut to 2022, and everyone&#8217;s counting on&nbsp;The Batman&nbsp;(March 4).&nbsp;I can’t promise that&nbsp;The Batman&nbsp;will kick off a “business as usual” pre-summer season which will lead to a business-as-usual summer, but fingers crossed.

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5 Reasons Hollywood Is Suffering From A Box Office Slump

<abbr>D</abbr>espite growing fears of inflation and the onset of new variants of Covid-19, global stock markets have kept humming along in 2021. The S&amp;P 500 and Dow Jones Industrial Average are both up by double-digits this year, boosted by a wave of&nbsp;<a href="https://www.forbes.com/sites/denizcam/2021/04/06/jackpot-ten-new-billionaires-from-ipos-in-2021/?sh=63cdb865caa1">IPOs</a>&nbsp;and reverse&nbsp;<a href="https://www.forbes.com/sites/hanktucker/2021/04/06/chamath-palihapitiya-and-nine-other-new-billionaires-minted-by-spac-frenzy/?sh=6a1a9f6fed19">mergers</a>&nbsp;that minted several new billionaires. Cryptocurrencies have also been on a tear,&nbsp;<a href="https://www.forbes.com/sites/ninabambysheva/2021/10/05/six-new-crypto-billionaires-join-the-2021-forbes-400/?sh=28bd474f375d">generating</a>&nbsp;a handful of newcomers to the three-comma club, while record venture capital and private equity activity has given rise to more ten-figure fortunes among owners and investors in private companies. Altogether,&nbsp;Forbes&nbsp;tracked more than 400 new billionaires in 2021, with an estimated collective net worth of more than $1 trillion. That’s out of a total population of more than 2,600 billionaires&nbsp;<a href="https://www.forbes.com/sites/chasewithorn/2021/12/08/the-worlds-billionaires-have-gotten-16-trillion-richer-in-2021/?sh=5999ae8b2c21">globally</a>&nbsp;worth nearly $14 trillion as of December 17. (Net worths for this article are all as of December 17, 2021.)



The richest new billionaire in 2021 is <a href="https://www.forbes.com/profile/miriam-adelson/?sh=211dd7c99c40">Miriam Adelson</a>, the widow of late casino magnate <a href="https://www.forbes.com/sites/willyakowicz/2021/01/12/casino-billionaire-republican-power-broker-and-trump-ally-sheldon-adelson-is-dead/?sh=57ae29202743">Sheldon Adelson</a>, who inherited his stake in Las Vegas Sands, which makes up most of her estimated $27.1 billion net worth. She’s one of at least 60 women who became billionaires in 2021, including <a href="https://www.forbes.com/profile/melinda-french-gates/?sh=36ea8672fcc9">Melinda French Gates</a>, who finalized her <a href="https://www.forbes.com/sites/rachelsandler/2021/08/02/bill-gates-and-melinda-french-gates-finalize-their-divorce/?sh=4fee7c83ba48">divorce</a> from Bill Gates in August and now has an estimated net worth of $6.1 billion. Among those newcomers are several self-made women billionaires, including:



<div class="wp-block-image"><figure class="aligncenter size-large is-resized"><img decoding="async" loading="lazy" src="https://cms.forbesafrica.com/wp-content/uploads/2021/08/GettyImages-1228844716-1024x683.jpg" alt="" class="wp-image-52021" width="576" height="384" srcset="https://cms.forbesafrica.com/wp-content/uploads/2021/08/GettyImages-1228844716-1024x683.jpg 1024w, https://cms.forbesafrica.com/wp-content/uploads/2021/08/GettyImages-1228844716-300x200.jpg 300w, https://cms.forbesafrica.com/wp-content/uploads/2021/08/GettyImages-1228844716-768x512.jpg 768w, https://cms.forbesafrica.com/wp-content/uploads/2021/08/GettyImages-1228844716-1536x1024.jpg 1536w, https://cms.forbesafrica.com/wp-content/uploads/2021/08/GettyImages-1228844716-2048x1366.jpg 2048w" sizes="(max-width: 576px) 100vw, 576px" /><figcaption>(Photo by Kevin Mazur/Getty Images for Savage X Fenty Show Vol. 2 Presented by Amazon Prime Video)</figcaption></figure></div>



<ul><li>Popstar-turned-fashion mogul&nbsp;<a href="https://www.forbes.com/profile/rihanna/?sh=562f915b1400">Rihanna</a>, the world’s&nbsp;<a href="https://www.forbes.com/sites/maddieberg/2021/08/04/fentys-fortune-rihanna-is-now-officially-a-billionaire/?sh=2fc7e17c96b8">richest</a>&nbsp;female musician, has an estimated net worth of $1.7 billion thanks to her 50% stake in cosmetics brand Fenty Beauty. She is also the first billionaire in her home country of Barbados, which recently&nbsp;<a href="https://www.theguardian.com/music/2021/nov/30/barbados-hails-rihanna-national-hero-as-it-becomes-republic" target="_blank" rel="noreferrer noopener">honored</a>&nbsp;her as a “national hero.”</li></ul>



<ul><li><a href="https://www.forbes.com/profile/kim-kardashian-west/?sh=4541960241d6">Kim Kardashian West</a>, who&nbsp;<a href="https://www.forbes.com/sites/rachelsandler/2021/02/19/kim-kardashian-files-for-divorce-from-kanye-west/?sh=12b1293790c1">filed</a>&nbsp;for&nbsp;<a href="https://www.forbes.com/sites/maddieberg/2021/02/19/inside-the-assets-of-the-kim-kardashian-kanye-west-divorce/?sh=158185ac29a3">divorce</a>&nbsp;from billionaire musician and footwear&nbsp;<a href="https://www.forbes.com/sites/zackomalleygreenburg/2020/04/24/kanye-west-is-now-officially-a-billionaireand-he-really-wants-the-world-to-know/?sh=4901cc677b9e">magnate</a>&nbsp;<a href="https://www.forbes.com/profile/kanye-west/?sh=24608fb056f1">Kanye West</a>&nbsp;in February, also&nbsp;<a href="https://www.forbes.com/sites/maddieberg/2021/04/06/kim-kardashian-west-is-officially-a-billionaire/?sh=729c9e21bba0">joined</a>&nbsp;the three-comma-club, with an estimated $1.2 billion fortune largely made up of her stakes in cosmetics brand KKW Beauty and shapewear firm Skims. (The former reality TV star filed to drop “West” from her last name in December.)</li><li><a href="https://www.forbes.com/pictures/61ae2ec4cff11e5bb2f4b16b/falguni-nayar-founder-and/?sh=71134b497f1d">Falguni Nayar</a>&nbsp;of India, a former investment banker who founded Indian fashion and cosmetics retailer Nykaa, is the world&#8217;s&nbsp;<a href="https://www.forbes.com/sites/anuraghunathan/2021/10/23/nykaa-founder-falguni-nayars-net-worth-to-triple-in-upcoming-ipo-at-7-billion-valuation/?sh=2a23894b2d5f">richest</a>&nbsp;self-made woman billionaire to emerge this year with an estimated net worth of $6.8 billion after Nykaa&#8217;s parent company went&nbsp;<a href="https://www.forbes.com/sites/anuraghunathan/2021/11/10/beauty-retailer-nykaa-lists-at-13-billion-making-founder-falguni-nayar-indias-richest-self-made-woman/?sh=3c3396047eb7">public</a>&nbsp;on the National Stock Exchange in Mumbai, India.</li><li>Close behind her is&nbsp;<a href="https://www.forbes.com/profile/melanie-perkins/?sh=65347c861265">Melanie Perkins</a>, the Australian cofounder of design software firm Canva, with an estimated $6.5 billion fortune thanks to her estimated 18% stake in the company; her husband,&nbsp;<a href="https://www.forbes.com/profile/cliff-obrecht/?sh=7d6df0f629b7">Cliff Obrecht</a>, and a third Canva cofounder, Cameron Adams are also&nbsp;<a href="https://www.forbes.com/sites/alexkonrad/2021/04/06/canva-reaches-15-billion-valuation-making-cofounders-melanie-perkins-and-cliff-obrecht-billionaires/?sh=7ee55c9d63c1">billionaires</a>—worth an estimated $6.5 billion and $3.2 billion, respectively—after two funding rounds in April and September that&nbsp;<a href="https://www.forbes.com/sites/alexkonrad/2021/09/14/canva-raises-at-40-billion-valuation-and-founders-pledge-away-their-wealth/?sh=19d559617ba9">valued</a>&nbsp;the firm at $40 billion. Perkins and Obrecht&nbsp;<a href="https://www.forbes.com/sites/jemimamcevoy/2021/12/14/the-giving-pledge-gains-14-new-members-here-are-the-super-rich-vowing-to-donate-most-of-their-wealth/?sh=29c8bd633774">joined</a>&nbsp;the Giving Pledge this year, promising to donate at least half their fortunes to charitable causes.</li></ul>



Most of the newcomers to the billionaire ranks this year came from China, which added some 160 new billionaires, followed by the United States, with nearly 100. India and Germany each added more than 20, while Sweden stood out among the rest by minting 12 new billionaires, all self-made. Besides Barbados, three countries also got their first billionaires in 2021:



<ul><li>Bulgaria, where the billionaire&nbsp;<a href="https://www.forbes.com/sites/giacomotognini/2021/11/26/meet-bulgarias-first-billionaires-who-built-a-global-animal-health-firm-from-sofia-to-nebraska/?sh=2c71f5b715f4">brothers</a>&nbsp;Kiril and Georgi Domuschiev built a $4.2 billion empire across animal health, shipping, real estate and soccer by privatizing state-owned companies.</li><li>Estonia, home to&nbsp;<a href="https://www.forbes.com/profile/kristo-kaarmann/?sh=1688015d43f4">Kristo Käärmann</a>&nbsp;and&nbsp;<a href="https://www.forbes.com/profile/taavet-hinrikus/?sh=3bd82c897471">Taavet Hinrikus</a>, founders of money exchange transfer service Wise, which went&nbsp;<a href="https://www.forbes.com/sites/daviddawkins/2021/07/07/wise-founders-krmann-and-hinrikus-become-first-estonian-tech-billionaires-after-london-ipo/?sh=73de693f5ecb">public</a>&nbsp;on the London Stock Exchange in July.</li><li>Uruguay, which gained three&nbsp;<a href="https://www.forbes.com/sites/giacomotognini/2021/09/07/meet-uruguays-fintech-tycoons-powering-payments-for-netflix-and-amazon-dlocal-sebastian-kanovich/">billionaires</a>&nbsp;after the June IPO of cross-border payments startup dLocal; one has since fallen out of the ranks, but dLocal cofounders Andrés Bzurovski and Sergio Fogel are each worth about $2 billion.</li></ul>



More than half of the new billionaires in 2021 made their fortunes in three industries—manufacturing, technology and finance &amp; investments. Manufacturing had the largest cohort, with the vast majority of them hailing from China, including:



<ul><li><a href="https://www.forbes.com/profile/deng-weiming/?sh=62b9182a7452">Deng Weiming</a>, the chairman of lithium battery component manufacturer CNGR Advanced Material, is the&nbsp;<a href="https://www.forbes.com/sites/russellflannery/2021/11/14/chinese-billionaires-getting-richer-with-clean-energy-businesses/?sh=7fb9aaf51127">richest</a>&nbsp;new manufacturing billionaire in 2021, with an estimated net worth of $9.4 billion.</li><li>Also joining the&nbsp;<a href="https://www.forbes.com/sites/giacomotognini/2021/07/09/scott-watterson-ifit-war-to-bring-down-peloton/?sh=35aa1cf64953">billionaire</a>&nbsp;ranks in 2021 is&nbsp;<a href="https://www.forbes.com/profile/scott-watterson/?sh=446a227627c1">Scott Watterson</a>, cofounder of Logan, Utah-based gym equipment maker and Peloton rival iFIT, which produces treadmills, stationary bikes and other connected fitness machines; the firm&nbsp;<a href="https://www.businesswire.com/news/home/20211007005598/en/iFIT-Postpones-Initial-Public-Offering" target="_blank" rel="noreferrer noopener">postponed</a>&nbsp;its October IPO, citing “adverse market conditions.”</li></ul>



Cryptocurrencies and meme stocks made <a href="https://www.forbes.com/sites/jonathanponciano/2021/06/02/not-just-amc-these-are-the-meme-stocks-reddit-traders-are-pumping-again-as-experts-urge-extreme-caution/?sh=93b18a255fcf">headlines</a> this year, A new class of billionaires emerged starting in January, when video game retailer GameStop <a href="https://www.forbes.com/sites/jonathanponciano/2021/01/26/gamestops-massive-surge-creates-a-new-billionaire-as-wall-street-bets-against-reddit-traders/?sh=3cdbf4db35ae">propelled</a> the rise of <a href="https://www.forbes.com/profile/ryan-cohen/?sh=652ceafc4f2b">Ryan Cohen</a>—an activist investor and the <a href="https://www.forbes.com/sites/susanadams/2017/01/10/the-man-who-found-gold-in-dog-food/?sh=1adc4d213095">founder</a> and former CEO of pet e-commerce giant Chewy—into the three-comma-club. Cryptocurrencies continued to rise throughout 2021, minting many new <a href="https://www.forbes.com/sites/johnhyatt/2021/04/06/the-cryptocurrency-tycoons-on-forbes-2021-billionaires-list/?sh=3c8cb90525e2">fortunes</a> including:



<ul><li><a href="https://www.forbes.com/profile/sam-bankman-fried/?sh=7d8d3fa24449">Sam Bankman-Fried</a>, the founder of cryptocurrency exchange FTX, who&nbsp;<a href="https://www.forbes.com/sites/stevenehrlich/2021/10/06/the-richest-under-30-in-the-world-all-thanks-to-crypto/?sh=7f8d8e033f4d">joined</a>&nbsp;The Forbes 400 list of the richest Americans this year as the richest self-made newcomer in the history of the list. He is worth an estimated $26.5 billion.</li><li>Crypto entrepreneurs and brothers&nbsp;<a href="https://www.forbes.com/profile/cameron-winklevoss/">Cameron</a>&nbsp;and&nbsp;<a href="https://www.forbes.com/profile/tyler-winklevoss/?sh=73fdee2e2cbd">Tyler Winklevoss</a>, each have an estimated $5 billion&nbsp;<a href="https://www.forbes.com/sites/michaeldelcastillo/2021/04/05/revenge-of-the-winklevii-facebook-winklevoss-bitcoin-nft-billionaire-revenge/?sh=63be38e01572">fortune</a>&nbsp;thanks to their cryptocurrency investments and stakes in crypto exchange Gemini.&nbsp;Forbes&nbsp;featured the twins in a cover story in April.</li><li><a href="https://www.forbes.com/profile/vitalik-buterin/?sh=2abe75dd75dd">Vitalik Buterin</a>, the Canadian-Russian&nbsp;<a href="https://www.forbes.com/sites/ninabambysheva/2021/11/03/ethereum-co-founder-vitalik-buterins-net-worth-hits-146-billion-as-ether-is-trading-at-all-time-high/?sh=72beaa602250">founder</a>&nbsp;of blockchain platform Ethereum and its cryptocurrency Ether, the second-largest cryptocurrency by market capitalization, has an estimated net worth of $1.3 billion. (Buterin has&nbsp;<a href="https://www.forbes.com/sites/emilymason/2021/06/21/ethereum-creator-loses-over-400-million-as-crypto-market-collapses/?sh=eeec91d20878">fallen</a>&nbsp;in and out of the&nbsp;<a href="https://www.forbes.com/sites/ninabambysheva/2021/05/03/ethereums-27-year-old-co-creator-is-now-the-worlds-youngest-crypto-billionaire/?sh=60aeb7087c94">billionaire</a>&nbsp;ranks alongside Ethereum’s seesawing price.)</li></ul>



Fintech company founders also became new billionaires across the globe as a result of IPOs andnew funding rounds in 2021. They include:



<ul><li><a href="https://www.forbes.com/profile/david-velez/?sh=6230067684ac">David Vélez</a>&nbsp;of Colombia and&nbsp;<a href="https://www.forbes.com/sites/jeffkauflin/2021/12/09/shares-of-digital-bank-nubank-rise-15-in-ipo-valuing-the-company-at-45-billion-and-minting-a-new-female-billionaire-cofounder/?sh=756046834317">Cristina Junqueira</a>&nbsp;of Brazil,&nbsp;<a href="https://www.forbes.com/sites/jeffkauflin/2021/04/07/fintech-billionaire-david-velez-nubank-brazil-digital-bank/?sh=91071cd6b279">cofounders</a>&nbsp;of digital bank Nubank, are now worth an estimated $9.7 billion and $1.2 billion, respectively, following the firm’s IPO on the New York Stock Exchange in December.</li><li><a href="https://www.forbes.com/profile/guillaume-pousaz/">Guillaume Pousaz</a>, the Swiss founder of London-based payment processing firm Checkout.com,&nbsp;<a href="https://www.forbes.com/sites/daviddawkins/2021/04/07/checkoutcoms-guillaume-pousaz-emerges-as-one-of-europes-leading-billionaire-fintech-founders/?sh=a0cc9119f5ff">emerged</a>&nbsp;as a billionaire after the company’s $450 million funding round in January, which valued it at $15 billion.</li><li><a href="https://www.forbes.com/profile/victor-jacobsson/?sh=7b118ca32459">Victor Jacobsson</a>&nbsp;and&nbsp;<a href="https://www.forbes.com/profile/sebastian-siemiatkowski/?sh=1c814eec6e25">Sebastian Siemiatkowski</a>, cofounders of ​​Swedish buy now, pay later firm Klarna, became&nbsp;<a href="https://www.forbes.com/sites/jeffkauflin/2021/03/01/klarnas-valuation-triples-in-six-months-making-cofounders-billionaires/?sh=470187927654">billionaires</a>&nbsp;in March when the company raised $1 billion at a $31 billion valuation, giving them estimated $2.7 billion and $2.2 billion fortunes, respectively.</li></ul>



New listings reached record highs in 2021, both in the form of IPOs and in mergers with blank check companies known as SPACs (short for special purpose acquisition company). SPACs made up 64% of the 953 public listings in the United States so far this year, <a href="https://spacanalytics.com/" target="_blank" rel="noreferrer noopener">according</a> to SPAC Analytics. That’s up more than 140% from the total number in 2020, while new listings overall have more than doubled. New billionaires from SPACs and IPOs in 2021 include:



<ul><li><a href="https://www.forbes.com/profile/mat-ishbia/?sh=7c5134b218af">Mat</a>&nbsp;and&nbsp;<a href="https://www.forbes.com/profile/justin-ishbia/?sh=7af17098781a">Justin Ishbia</a>&nbsp;of Michigan-based United Wholesale Mortgage, the country&#8217;s second-largest mortgage lender, which went&nbsp;<a href="https://www.forbes.com/sites/antoinegara/2021/01/23/how-mat-ishbia-cashed-in-on-the-biggest-spac-ever-from-benchwarmer-to-13-billion/?sh=98192c87a333">public</a>&nbsp;via SPAC merger in January; Mat’s shares are worth an estimated $7.3 billion, while Justin’s are worth an estimated $2.2 billion.</li><li><a href="https://www.forbes.com/profile/sytse-sid-sijbrandij/?sh=4db1e4d66e5b">Sytse ‘Sid’ Sijbrandij</a>, the Dutch founder of software development platform Gitlab, took the company&nbsp;<a href="https://www.forbes.com/sites/alexkonrad/2021/10/14/gitlab-reaches-15-bil-market-cap-as-shares-jump-in-ipo/">public</a>&nbsp;on the Nasdaq in a blockbuster IPO in October that made him a billionaire; he now has an estimated net worth of $2 billion.</li></ul>



Private companies have also been receiving record levels of investment from <a href="https://www.forbes.com/sites/kevindowd/2021/09/19/an-unprecedented-year-for-private-equity-is-spilling-into-the-middle-market/?sh=35320712737a">private equity</a> firms and <a href="https://pitchbook.com/news/articles/2021-us-vc-fundraising-exits-deal-flow-charts" target="_blank" rel="noreferrer noopener">venture capitalists</a>, elevating many founders into their billionaire ranks without having to resort to public markets. Others also became billionaires thanks to mergers and acquisitions by larger companies amid <a href="https://www.reuters.com/business/global-markets-ma-2021-08-12/" target="_blank" rel="noreferrer noopener">record</a> M&amp;A activity. Among those newcomers are:



<ul><li><a href="https://www.forbes.com/profile/alex-shevchenko/?sh=5cd73ce67026">Alex Shevchenko</a>&nbsp;and<a href="https://www.forbes.com/profile/max-lytvyn/?sh=6297768239cf">&nbsp;Max Lytvyn</a>, the Ukrainian-born founders of grammar checking tool Grammarly, are each worth an estimated $4 billion after Grammarly&nbsp;<a href="https://www.forbes.com/sites/jemimamcevoy/2021/11/23/grammarly-founders-become-billionaires-from-fixing-your-sloppy-writing/?sh=4a0a37745852">raised</a>&nbsp;$200 million in November from investors including Baillie Gifford and BlackRock at a $13 billion valuation.</li><li>Lord of the Rings&nbsp;director&nbsp;<a href="https://www.forbes.com/profile/peter-jackson/?sh=4777cf207ab4">Peter Jackson</a>&nbsp;sold most of his New Zealand-based visual effects shop Weta Digital to video game software firm Unity Software for $1.6 billion in November, a deal that made him a&nbsp;<a href="https://www.forbes.com/sites/lisettevoytko/2021/11/12/bilbo-bags-a-billion-lord-of-the-rings-director-peter-jackson-is-officially-a-billionaire/?sh=5d68010c12ca">billionaire</a>, with an estimated $1.5 billion fortune.</li></ul>



By Giacomo Tognini, Forbes Staff

Screenshot 2022-01-17 at 13.40.06

Rihanna, The Winklevoss Twins, And More: Here Are The Most Notable New Billionaires Of 2021

The end of the year is approaching, and while high-net-worth individuals (HNWI) will be focused on financial and tax planning, marketing professionals should be focused on how to better reach HNWIs.



According to a&nbsp;<a href="https://worldwealthreport.com/wp-content/uploads/sites/7/2021/06/orld-Wealth-Report-2021.pdf" target="_blank" rel="noreferrer noopener">new report</a>, HNWIs in the U.S. grew their wealth by 12.3% in 2020 (despite the pandemic). The tech industry led the way—accounting for 29% of HNWIs’ wealth earned in 2020.



What else is on the rise? New platforms, decreased attention spans and more content than any one person could consume in an average lifetime. Which means that, as a marketer who wants to connect with this cohort of consumers, you must be strategic by meeting HNWIs where they are—with what they want.&nbsp;



To help you do that, Forbes recently surveyed 250 HNWIs from North America, EMEA and APAC to gather insights into how they’re managing their money, creating wealth and engaging in philanthropy. Using findings from our survey and anecdotes from&nbsp;<a href="https://www.forbes.com/connect/event/2021forbeswealthsummit/">Forbes Wealth Summit</a>, we compiled five key themes that are top of mind for today’s wealthiest.&nbsp;



With millions of HNWIs and thousands of brands vying for their attention, this is how you make sure your brand—and your content—stands out.



<h3 id="h-1-environmental-social-and-governance">1. Environmental, Social and Governance&nbsp;</h3>



Investors increasingly apply non-financial factors like ESG (Environment, Social and Governance) when analyzing risk and growth opportunities. Today’s investors want to ensure their investments aren’t funding unethical actions and affirm that they are investing in fixing problems—from inequality to climate change to equitable corporate governance. Data backs this up.



Our research found that 62% of HNWIs said making an impact (ESG, social justice, equity) was their primary goal today. Sixty two percent also said ESG/impact funds are a significant part of their portfolio.



<h3 id="h-2-enduring-impact">2. Enduring Impact&nbsp;</h3>



Impact creates opportunity. So it’s no surprise that investor interest in sustainable, responsible, and impact investing (SRI) has been increasing year over year. In fact, when we asked HNWIs about the most important financial lessons they’ve learned that they’d like to pass along to the next generation, 56% said to prioritize ESG investing.



We’ve also seen the power of impact firsthand through our work&nbsp;<a href="https://www.forbes.com/sites/forbeswealthteam/2020/09/08/impact-50-investors-seeking-profit-and-pushing-for-change-diversified/?sh=3855e1ed3bce">with Nuveen</a>. The global investment manager wanted to reach financial advisors and empower them to incorporate impact strategies into their client portfolio. We worked together to activate a 2x award-winning approach to reach investors who achieved attractive returns while creating an enduring impact on the world.&nbsp;



<h3 id="h-3-blockchain-and-crypto">3. Blockchain and Crypto</h3>



More and more HNWIs are paying attention to blockchain and cryptocurrencies. Our research found that while ESG was a top priority for HNWIs with themed investments, disruptive tech (e.g., blockchain, robotics, autonomous and electric vehicles, 5G) took second place.



Plus, the crypto market itself has reached an eye-popping&nbsp;<a href="https://www.forbes.com/sites/billybambrough/2021/10/06/wall-street-giants-are-suddenly-piling-into-bitcoin-and-crypto-amid-500-billion-price-pump/?sh=184465cf6ee8">$2.3 trillion</a>.&nbsp;<a href="https://www.forbes.com/profile/cathie-wood/?sh=20a1b6307360">Cathie Wood</a>, the founder, CEO and CIO of Ark Investment Management, spoke at Forbes Wealth Summit about how we’re in early-stage growth of the market. Wood also discussed how convergence among and between technologies is causing creative destruction and growth—signaling that this is only the beginning of innovation and an area many HNWIs are closely watching.&nbsp;



<h3 id="h-4-highlight-a-holistic-view">4. Highlight a Holistic View&nbsp;</h3>



Skip the myopic focus, said Ben Dell, the founder &amp; managing partner of Kimmeridge, at this year’s Wealth Summit. Dell wants to see individuals activating in their community and taking a more holistic approach. While Dell’s comments were in reference to bringing us to net-zero, marketers can glean a valuable insight—to not lean on short-sighted or short-term solutions to reach consumers.



HNWIs are thinking forward too. When we asked them about their primary investment goals five years from now, 41% said preserving their wealth for future generations. And when we asked HNWIs about the main reasons they turned to or planned to turn to ESG investments, 85% said ESG represents long-term thinking. So, to truly provide value to this group, marketers must highlight a holistic view.



<h3 id="h-5-return-on-investment">5. Return on Investment&nbsp;</h3>



One way to consider this ROI is by thinking about time. As a marketer, you want to reach HNWIs where they are and give them value for the time they spend engaging with your brand. After all, these HNWIs know very well that time is money. How do you make the most of their time?



Take Forbes, for example, where more than 13.3M Forbes.com visitors will spend more on products from a brand they trust—reaching 92.5% more quality seekers than the next leading competitor. Our audience is also 60% more likely to have an HHI of $150K+ and encompasses 56% of all C-Suite leaders. So, you want to make the most of HNWIs time? Connect with them <a href="https://www.forbes.com/connect/audience-2/high-net-worth-investors-consumers/">on Forbes.com</a>. 



By S<meta charset="utf-8">onya Matejko, Forbes Staff

Marketing ideas that match the company brand

Marketing To High Net Worth Individuals? Here’s Our 5 Tips

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In what seems to be an endless game of hot potato, the Harry Potter films have now, again, jumped ship from Peacock to HBO Max (ShowMax). The definitive tentpole fantasy franchise of the 2000s, which began with a record $93 million opening weekend and $974 million global gross (second only to Titanic at the time) in November 2001 and ended with a record $169 million opening weekend and $1.34 billion global cume (behind only Titanic and Avatar at the time) in July of 2011 essentially has two homes.



The films obviously belong to Warner Bros., but the theme park attractions (where much of the fandom is nurtured) belongs to Universal Studios. Anyway, to mark the occasion, and since I’ve never sat and done this before, I have used science, math and dark magic to create the official, 104% accurate ranking of all eight Harry Potter movies. I like all of these films to various degrees, but, as always, this list will not be your list, because what fun would that be?



<div class="wp-block-image"><figure class="aligncenter size-large is-resized"><img decoding="async" loading="lazy" src="https://cms.forbesafrica.com/wp-content/uploads/2021/09/GettyImages-51353859-1024x794.jpg" alt="" class="wp-image-52426" width="652" height="505" srcset="https://cms.forbesafrica.com/wp-content/uploads/2021/09/GettyImages-51353859-1024x794.jpg 1024w, https://cms.forbesafrica.com/wp-content/uploads/2021/09/GettyImages-51353859-300x233.jpg 300w, https://cms.forbesafrica.com/wp-content/uploads/2021/09/GettyImages-51353859-768x596.jpg 768w, https://cms.forbesafrica.com/wp-content/uploads/2021/09/GettyImages-51353859.jpg 1528w" sizes="(max-width: 652px) 100vw, 652px" /><figcaption>LONDON &#8211; NOVEMBER 04: Writer J K Rowling with actors, Daniel Radcliffe, Rupert Grint and Emma Watson at the UK Film Premiere of &#8216;Harry Potter And The Philosopher&#8217;s Stone&#8217;, held at the Odeon, Leicester Square on 4th November 2001, in London. (Photo by Dave Benett/Getty Images).</figcaption></figure></div>



Harry Potter and the Chamber of Secrets&nbsp;(2002)



Budget:&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$100 million



Opening weekend:&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$88.36 million



Domestic box office:     $262.23 million



Worldwide box office:&nbsp;&nbsp;$878.75 million



By default, this Chris Columbus-directed sequel has the challenge of being the only chapter that’s essentially an “episode of the week.” It’s not the introductory chapter and it’s arguably the only one that doesn’t really establish key relationships or plot points within the broader eight-film saga. It also has to try and tell a supernatural murder mystery where no one actually dies, but it still gets gets for some genuinely terrifying creature effects (the deluge of spiders and the final monster are absolutely trying to scare your kids senseless). However, even in this “inessential” chapter, Richard Harris’ Dumbledore offers up the key thesis of the saga, namely that a person’s value is not about their destiny or lineage but rather about the choices they make in good times and bad.



Harry Potter and the Half-Blood Prince&nbsp;(2009)



Budget:&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$250. million



Opening weekend:&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$77.84 million ($158 million Wed-Sun)



Domestic box office:&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$302.09 million



Worldwide box office:&nbsp;&nbsp;$934.76 million



I’m a little “biased” as they say, because this sixth film is based on one of my favorite books in the series, and yet seems to omit the very things that make the book pop. We get almost no “origins of Voldemort” material and very little in terms of Snape’s backstory, instead saving that for one long montage in the final picture. Moreover, and this is not necessarily a criticism (because it works for this adaptation, but the film painfully telegraphs what in the book was a jaw-dropping plot twist. Even with an overindulgence in hormonal hijinks, this one still works as a visual differentiation while Tom Felton’s Malfoy shines as a young man tortured by the implications of actually doing evil as opposed to merely “being” evil.



Harry Potter and the Sorcerer’s Stone (2001)



<div class="wp-block-image"><figure class="alignright size-large is-resized"><img decoding="async" loading="lazy" src="https://cms.forbesafrica.com/wp-content/uploads/2021/09/GettyImages-78345740-1024x683.jpg" alt="" class="wp-image-52425" width="354" height="236" srcset="https://cms.forbesafrica.com/wp-content/uploads/2021/09/GettyImages-78345740-1024x683.jpg 1024w, https://cms.forbesafrica.com/wp-content/uploads/2021/09/GettyImages-78345740-300x200.jpg 300w, https://cms.forbesafrica.com/wp-content/uploads/2021/09/GettyImages-78345740-768x512.jpg 768w, https://cms.forbesafrica.com/wp-content/uploads/2021/09/GettyImages-78345740-1536x1024.jpg 1536w, https://cms.forbesafrica.com/wp-content/uploads/2021/09/GettyImages-78345740-2048x1365.jpg 2048w" sizes="(max-width: 354px) 100vw, 354px" /><figcaption>Harry Potter Posters lined down 54th steet (Photo by Jim Spellman/WireImage) *** Local Caption ***</figcaption></figure></div>



Budget:&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$125 million



Opening weekend:&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$90.29 million



Domestic box office:&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$317.87 million



Worldwide box office:&nbsp;&nbsp;$974.71 million



This table-setting chapter is a remarkable example of efficient character introduction (three of four main adults, Hagrid, Dumbledore and McGonagall, appear fully-formed in the prologue), and the sheer inexperience of our young actors puts the “burden” on the elder pros. Even so, Daniel Radcliffe, Emma Watson and Ruper Grint nail the core characters with able support from the likes of Richard Harris, Robbie Coltrane, Maggie Smith and Alan Rickman. The mystery is (obviously) kids stuff, but the film works as a refreshingly stand-alone story which didn’t feel the need to offer an entire saga’s worth of loose ends. That’s another example of Hollywood learning the wrong lessons from a blockbuster smash. At the very least, Chris Columbus deserved a special Oscar for casting this entire saga pitch perfect from the start.



Harry Potter and the Prisoner of Azkaban&nbsp;(2004)



Budget:&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$130 million



Opening weekend:&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$93.69 million



Domestic box office:&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$249.76 million



Worldwide box office:&nbsp;&nbsp;$795.63 million



This Alfonso Cuarón-directed chapter is often considered a favorite for folks who otherwise don’t care for the franchise. The film refreshingly upends the comparatively conventional visual template, including putting Harry and his friends in civilian close and giving the adult cast a stake in the core story, but it’s also among the few that more-or-less requires you to have read the book to get the nitty-gritty details. Also, Gary Oldman’s Sirius Black has too little screen time, although Harry’s friendship with Professor Lupin (David Thewlis) is an emotional highlight and a delight for those of us who “discovered” Thewlis in Naked Lunch, The Island of Dr. Moreau and/or Dragonheart. A solid stand-alone chapter, and a “calm before the storm” entry which barely mentions “He Who Must Not Be Named.”



Harry Potter and the Goblet of Fire (2005)



<div class="wp-block-image"><figure class="alignleft size-large is-resized"><img decoding="async" loading="lazy" src="https://cms.forbesafrica.com/wp-content/uploads/2021/09/GettyImages-828213258-1024x640.jpg" alt="" class="wp-image-52428" width="398" height="249" srcset="https://cms.forbesafrica.com/wp-content/uploads/2021/09/GettyImages-828213258-1024x640.jpg 1024w, https://cms.forbesafrica.com/wp-content/uploads/2021/09/GettyImages-828213258-300x188.jpg 300w, https://cms.forbesafrica.com/wp-content/uploads/2021/09/GettyImages-828213258-768x480.jpg 768w, https://cms.forbesafrica.com/wp-content/uploads/2021/09/GettyImages-828213258-1536x960.jpg 1536w, https://cms.forbesafrica.com/wp-content/uploads/2021/09/GettyImages-828213258.jpg 2000w" sizes="(max-width: 398px) 100vw, 398px" /><figcaption> (Photo by Jane Mingay &#8211; PA Images/PA Images via Getty Images)</figcaption></figure></div>



Budget:&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$150 million



Opening weekend:&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$102.68 million



Domestic box office:&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$290.20 million



Worldwide box office:&nbsp;&nbsp;$896.68 million



The best of J.K. Rowling’s books results in a merely “very good” feature film adaptation. While I get Mike Newell’s decision to omit most of the non-Harry Potter material from the infamously long source material, the film ends up having a certain episodic feel. Moreover, in a chapter that should be filled with melodrama, the “stiff upper lip” British mentality makes it feel a bit more functional than it should while the visiting schools hilariously reinforce certain gender stereotypes (Clémence Poésy’s Fleur Delacour is miserable in each TriWizard competition). Nonetheless, the action scenes are pretty great, the climax works despite itself and Ralph Fiennes (cast to type) makes a fine entrance as Voldemort in the flesh. Robert Pattinson’s entrance as the doomed Cedric Diggory made my jam-packed IMAX showing sigh with thirst/lust. They weren’t wrong.



Harry Potter and the Deathly Hallows part II&nbsp;(2011)



Budget:&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$125 million



Opening weekend:&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$169.19 million



Domestic box office:&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$381.19 million



Worldwide box office:&nbsp;&nbsp;$1.342 billion



I’m not sure why director David Yates (who helmed the last four of these) decided that this series finale should the one to run barely two hours, especially when they spend much of the first act in a side quest to fetch a Horcrux from Gringotts bank. Nonetheless, if the last 2/3 feel a little rushed, with much of the “battle of Hogwarts” feeling a little truncated, at least it doesn’t wear out its welcome. This series finale nails the landing, giving big character moments (including Julie Walters’ Molly Weasley righteously killing of Helena Bonham Carter’s Bellatrix Lestrange) to everyone of consequence and prioritizing a satisfying finale over jaw-dropping twists. Rickman shines, the forest walk hits like a ton of bricks, and the Harry/Voldemort showdown cleverly adds a physicality to what was mostly a point-and-shoot duel.



Oh, and the epilogue is as effective now as it was in print form. These kids didn’t want to be kings and masters, they just (like Sam and Frodo) wanted to live another day. Especially ten years later, after so many other pop culture juggernauts came to a whimpering end, it’s beyond impressive that&nbsp;Harry Potter and the Deathly Hallows part II&nbsp;just ended its story in a logical and satisfying fashion without trying to outsmart the fans or subvert expectations. Hell, in this pop culture, a smooth landing is the biggest surprise of all. Had it all ended here, without the thus-far botched prequel franchise (and, yeah, without the author earning the ire of her fandom), I still think&nbsp;Harry Potter&nbsp;would still stand alongside (or above)&nbsp;Star Wars&nbsp;as a definitive pop culture myth.



Harry Potter and the Order of the Phoenix&nbsp;(2007)



Budget:&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$150 million



Opening weekend:&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$77.1 million ($139.72 million Wed-Sun)



Domestic box office:&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$292.14 million



Worldwide box office:&nbsp;&nbsp;$942.64 million



It is a little ironic that the worst, most padded book in the series makes for one of the very best movies. David Yates made his “Wizarding World” directorial debut with this fifth film. Michael Goldenberg took over (just this once) for regular screenwriter Steven Kloves and cut the source material to the bone, creating a coming-of-age adventure whereby our young heroes were left to fend for themselves as the outside world (and the adult authority figures in their midst) either turned on them or were unable to help. With nobody believing that Voldemort was actually back, it’s up to Harry to actually earn his stripes and teach his classmates to defend themselves, as this thrilling chapter culminates with a wizard battle royal that highlights all the heroes and villains kicking each other’s asses in IMAX-friendly fashion.



Harry Potter and the Deathly Hallows part I&nbsp;(2010)



Budget:&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$125 million



Opening weekend:&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$125.02 million



Domestic box office:&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$296.13 million



Worldwide box office:&nbsp;&nbsp;$960.43 million



This “part one” of the two-part adaptation of the final novel sends Harry, Hermione and Ron on the run from a now dominant Death Eater army. The heroic trio has to fend for itself as their allies perish at the hands of Voldemort’s empowered genocidal army. Concurrently, now the actors have to step up as they all deliver franchise-best performances. While the film is generally a character-driven tone poem, drenched in fear and despair, it does have several exciting and exceedingly tense action scenes. As a stand-alone picture, Harry Potter and the Deathly Hallows part I is a pitiless plunge into hell, a sad and bitter drama where beloved childhood memories vanish in a puff of figurative (or in Hermione&#8217;s case, literal) waves of a wand. Seven films in, Harry Potter gets its Empire Strikes Back, and it’s awesome.



By Scott Mendelson, Forbes Staff

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TOPLINE In year two of the pandemic, as South Africa celebrates Women’s Month, we can’t but look back at the lives impacted and the businesses that have been throttled by a virulent virus. Yet, in all of this, there are rays of hope, as some have shone through, to ideate and innovate and also lend a helping hand by making sure women and girls are at the center of their pandemic-proof enterprises. These female entrepreneurs have businesses in fashion and food, and run NGOs and social reform. For some, these are side hustles, but no matter the nature of their undertaking, they aim to uplift, upskill and empower. FORBES AFRICA sat down with a few such doers to glean their thoughts on how they are making it:



<h2 id="h-1-shared-collective">1. Shared Collective</h2>



<div class="wp-block-image"><figure class="aligncenter size-large is-resized"><img decoding="async" loading="lazy" src="https://cms.forbesafrica.com/wp-content/uploads/2021/08/1-2-1024x576.png" alt="" class="wp-image-52325" width="586" height="329" srcset="https://cms.forbesafrica.com/wp-content/uploads/2021/08/1-2-1024x576.png 1024w, https://cms.forbesafrica.com/wp-content/uploads/2021/08/1-2-300x169.png 300w, https://cms.forbesafrica.com/wp-content/uploads/2021/08/1-2-768x432.png 768w, https://cms.forbesafrica.com/wp-content/uploads/2021/08/1-2-1536x864.png 1536w, https://cms.forbesafrica.com/wp-content/uploads/2021/08/1-2.png 1920w" sizes="(max-width: 586px) 100vw, 586px" /></figure></div>



“I saw this TikTok that said I couldn’t work a nine-to-five but now I am an entrepreneur who works 24/7!” laughs Kishana Naidoo, co-founder of digital clothing platform Shared Collective or Shared Co.



“But at least we have a creative outlet,” says her business partner and fellow co-founder, Simone Veitch.



Although Veitch is in London and Naidoo in Johannesburg, both cities that are big economic hubs, the pandemic presented an opportunity for them to take advantage of the rising trend in digital spaces.



Shared Co. is a platform for women to share their wardrobe and rent from others. It enables them to monetize their clothing items by renting them out and reducing their retail consumption by renting items from others.



Although this business model will raise many questions such as ‘who rents clothes out to people during a pandemic’, the duo make it clear that security and safety is of utmost importance to them.



“We have a strict dry-cleaning policy that people both renting out and those who rent have to follow,” Veitch says. “Furthermore, with the delivery process, we want people to feel safe when going through our process.”



The inspiration for the brand came when both women working in the corporate sector were forced to pause and think when Covid struck.



“I think a lot of people went through that,” Naidoo says. “We wanted to create something that both helps women get a second income as well as feel empowered.”



“The end goal for us has always been empowering women,” Veitch adds.



<h2>2. Hair For Life</h2>



<div class="wp-block-image"><figure class="alignleft size-large is-resized"><img decoding="async" loading="lazy" src="https://cms.forbesafrica.com/wp-content/uploads/2021/08/IMG_0462-1024x992.jpg" alt="" class="wp-image-52323" width="347" height="336" srcset="https://cms.forbesafrica.com/wp-content/uploads/2021/08/IMG_0462-1024x992.jpg 1024w, https://cms.forbesafrica.com/wp-content/uploads/2021/08/IMG_0462-300x291.jpg 300w, https://cms.forbesafrica.com/wp-content/uploads/2021/08/IMG_0462-768x744.jpg 768w, https://cms.forbesafrica.com/wp-content/uploads/2021/08/IMG_0462.jpg 1170w" sizes="(max-width: 347px) 100vw, 347px" /></figure></div>



Getting a business to run successfully during the pandemic has been a hair-raising task for most. But 29-year-old Khanyi Cele believes the magic tool to any successful business these days is utilizing social media. Hair For Life took root when Cele was searching for good quality hair for herself and was not impressed with what salons had to offer. She tells us more:



Q. What has it been like having a business during a pandemic and what has your business trajectory looked like? 



A. I have been fortunate that my business actually started picking up as Covid restrictions eased… my business has honestly not been affected in a major way by the pandemic. My business trajectory has been rather a smooth one if I should say, but with any business, there are always bumps and curves here and there especially if you working with international suppliers.



Q. You use social media as the main tool to promote your product. Do you think the future of business lies in social media?



A. Social media is certainly a platform to be reckoned with. It’s cost-effective and effective in getting your product out to people. The fact that you can reach out to people all over the world is a major selling point as I have customers from all corners asking me if I ship internationally. It is in my opinion the future of direct marketing. The results are almost instant and noticeable.



<h2>3. Team DIMA Global </h2>



<div class="wp-block-image"><figure class="aligncenter size-large is-resized"><img decoding="async" loading="lazy" src="https://cms.forbesafrica.com/wp-content/uploads/2021/08/team-dima_-1024x768.jpg" alt="" class="wp-image-52331" width="578" height="434" srcset="https://cms.forbesafrica.com/wp-content/uploads/2021/08/team-dima_-1024x768.jpg 1024w, https://cms.forbesafrica.com/wp-content/uploads/2021/08/team-dima_-300x225.jpg 300w, https://cms.forbesafrica.com/wp-content/uploads/2021/08/team-dima_-768x576.jpg 768w, https://cms.forbesafrica.com/wp-content/uploads/2021/08/team-dima_-1536x1152.jpg 1536w, https://cms.forbesafrica.com/wp-content/uploads/2021/08/team-dima_.jpg 1890w" sizes="(max-width: 578px) 100vw, 578px" /></figure></div>



The University of Pennsylvania said in a report that the stigma and challenges associated with menstruation destabilize over 800 million girls daily.



“One in every ten schoolgirls in sub-Saharan Africa miss school daily. Girls report being bullied and ridiculed about their period by peers and teachers with serious and sometimes fatal consequences,” the report read.



However, they also found that global advocacy for what the world knows as “period positivity” with people demanding access to menstruation products and facilities exposes social and economic inequities and the need for reform.



One of those advocates is social entrepreneur Dima-Thalia Rizk. All the way from the heart of London, Rizk founded her community organization, Team DIMA Global, with her twin-sister Mary. The company launched a long-term project to handle “menstrual hygiene management” in Kenya. The project looks at ensuring that every girl has access to period pads 365 days a year. Period poverty is one of Rizk’s main concerns and the stigmas centered around menstruation.



“Without a doubt, menstruation is one of the most challenging topics in Africa and the world today,” Rizk says to FORBES AFRICA. “It&#8217;s a shame that we&#8217;re in 2021 and still trying to make progress in normalizing menstruation and working to help women and girls access sanitary products. It is a natural process most females have to go through and there is hardly any consideration of their wellbeing; affordable access is a human right.”



<h2>4. Khanyalanga Catering </h2>



<div class="wp-block-image"><figure class="alignleft size-large is-resized"><img decoding="async" loading="lazy" src="https://cms.forbesafrica.com/wp-content/uploads/2021/08/phumi-682x1024.jpg" alt="" class="wp-image-52327" width="284" height="426" srcset="https://cms.forbesafrica.com/wp-content/uploads/2021/08/phumi-682x1024.jpg 682w, https://cms.forbesafrica.com/wp-content/uploads/2021/08/phumi-200x300.jpg 200w, https://cms.forbesafrica.com/wp-content/uploads/2021/08/phumi-768x1152.jpg 768w, https://cms.forbesafrica.com/wp-content/uploads/2021/08/phumi.jpg 853w" sizes="(max-width: 284px) 100vw, 284px" /></figure></div>



Motto You Live By: “I have two – &#8216;Carpe Diem&#8217; and ‘When the going gets tough, breathe, focus and move on&#8217;.”



Deloitte stated in a report in March 2020 that the majority of catering companies (particularly SMEs) “have faced sharp declines in customer numbers, ruptured asset chains, or other momentous challenges”. This was no different during the pandemic for KwaZulu-Natal-born Phumelele Masinga who saw a downward trajectory for her business which she founded in 2018.



“It&#8217;s been extremely challenging for Khanyalanga Catering,” Masinga says. “Seeing that the majority of our clients were in corporates, we took a knock as the work-from-home concept took shape. So the on and off between [lockdown alert] levels has really affected how we do business.”



Most of the challenges that Masinga has experienced has revolved around cancellations and postponements and having to adapt to making more food deliveries, as opposed to simply setting up and serving.



However, this has not demotivated Masinga in any way as she has seen through word-of-mouth that her business has grown, which she says is by “word of taste”.



“Yes, I learned some tough lessons in the beginning and I have had to adapt and be flexible (especially during this period), and I believe that we are agile enough for Khanyalanga to be a sustainable and successful business,” Masinga adds.



<h2>5. La Shadie</h2>



<div class="wp-block-image"><figure class="aligncenter size-large is-resized"><img decoding="async" loading="lazy" src="https://cms.forbesafrica.com/wp-content/uploads/2021/08/lashade-1024x768.jpg" alt="" class="wp-image-52328" width="516" height="387" srcset="https://cms.forbesafrica.com/wp-content/uploads/2021/08/lashade-1024x768.jpg 1024w, https://cms.forbesafrica.com/wp-content/uploads/2021/08/lashade-300x225.jpg 300w, https://cms.forbesafrica.com/wp-content/uploads/2021/08/lashade-768x576.jpg 768w, https://cms.forbesafrica.com/wp-content/uploads/2021/08/lashade-1536x1152.jpg 1536w, https://cms.forbesafrica.com/wp-content/uploads/2021/08/lashade.jpg 1890w" sizes="(max-width: 516px) 100vw, 516px" /></figure></div>



Nobody loves a side hustle and a passion for fashion more than sisters Boitumelo Moshugi and Neo Moshugi who founded sunglass brand, La Shadie. Both are practising Candidate Attorneys in Johannesburg aspiring to become successful attorneys and entrepreneurs.



La Shadie was birthed in June last year when Neo was unemployed.



“Boitumelo came to me with the opportunity to start a sunglass business,” Neo says. “I considered it for some time but after she showed me the research she had done, I was convinced. I had a love for sunglasses and as we delved deeper into our research, my love for the business opportunity grew.”



“What inspired La Shadie is our passion for fashion. I was always questioned about my unique sense of style and the choice of sunglasses when pairing my outfits, which led me to want to bring a vision to people in the market place that’s so unique that they cannot be found in retail stores,” Boitumelo adds.



The main marketing tool the Moshugi sisters use is social media which has allowed them to see great demand for their products. More than that, starting a business during Covid has surprisingly helped them in their growth trajectory.



“Having a business during the pandemic has been an incredible experience because of the creativity it has brought to growing our business. Although it was daunting at first, we dove in head first and kept the momentum going.”



(The List is in No particular Order)

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FORBES AFRICA lists the top 10 contemporary South African golfers by their career earnings to date on the two major tours.



WHEN THE 103rd PGA CHAMPIONSHIP WAS played in May, South Africa boasted a record 11 entrants in the field, a sign of the competitiveness of the country’s golfers on the international stage and a nod to local courses that continue to develop outstanding players. South Africa currently has 10 golfers ranked in the top 100 in the world, behind only runaway leaders the United States, who have 46, and England’s 11.



But given the investment dollars spent on the game in the respective countries, it makes South Africa pound-for-pound arguably the second most successful golfing nation at present, a huge achievement that amplifies the success of the local Sunshine Tour.



FORBES AFRICA lists (in no particular order) the South Africans currently in the global top 10 by their career earnings to date on the two major tours*



<h2 id="h-louis-oosthuizen">LOUIS OOSTHUIZEN</h2>



<div class="wp-block-image"><figure class="aligncenter size-large is-resized"><img decoding="async" loading="lazy" src="https://cms.forbesafrica.com/wp-content/uploads/2021/08/GettyImages-1333072873-1024x683.jpg" alt="" class="wp-image-52288" width="599" height="399" srcset="https://cms.forbesafrica.com/wp-content/uploads/2021/08/GettyImages-1333072873-1024x683.jpg 1024w, https://cms.forbesafrica.com/wp-content/uploads/2021/08/GettyImages-1333072873-300x200.jpg 300w, https://cms.forbesafrica.com/wp-content/uploads/2021/08/GettyImages-1333072873-768x512.jpg 768w, https://cms.forbesafrica.com/wp-content/uploads/2021/08/GettyImages-1333072873-1536x1024.jpg 1536w, https://cms.forbesafrica.com/wp-content/uploads/2021/08/GettyImages-1333072873-2048x1366.jpg 2048w" sizes="(max-width: 599px) 100vw, 599px" /><figcaption> (Photo by Sam Greenwood/Getty Images)</figcaption></figure></div>



PGA Tour Earnings: $26,274,723 European Tour Earnings: $26,158,152



Oosthuizen has just recently surpassed his European Tour winnings on the United States-based PGA Tour, boosted by two second- placed finishes in consecutive Majors at the PGA Championship and the US Open.



Despite his eye-watering earnings, the Mossel Bay-born player has never actually won on the PGA Tour, losing three times in a play-off. But he did enjoy success by winning The British Open in 2010, which remains his sole triumph to date in one of the ‘big ones’ after those recent close shaves. In fact, he now has six runner-up finishes in Majors.



<h2>BRANDEN GRACE</h2>



<div class="wp-block-image"><figure class="aligncenter size-large is-resized"><img decoding="async" loading="lazy" src="https://cms.forbesafrica.com/wp-content/uploads/2021/08/GettyImages-1334335413-1024x683.jpg" alt="" class="wp-image-52290" width="526" height="351" srcset="https://cms.forbesafrica.com/wp-content/uploads/2021/08/GettyImages-1334335413-1024x683.jpg 1024w, https://cms.forbesafrica.com/wp-content/uploads/2021/08/GettyImages-1334335413-300x200.jpg 300w, https://cms.forbesafrica.com/wp-content/uploads/2021/08/GettyImages-1334335413-768x512.jpg 768w, https://cms.forbesafrica.com/wp-content/uploads/2021/08/GettyImages-1334335413-1536x1024.jpg 1536w, https://cms.forbesafrica.com/wp-content/uploads/2021/08/GettyImages-1334335413-2048x1365.jpg 2048w" sizes="(max-width: 526px) 100vw, 526px" /><figcaption> (Photo by Jared C. Tilton/Getty Images)</figcaption></figure></div>



PGA Tour Earnings: $11,071,441 European Tour Earnings: $16,714,032



Grace has been a stalwart of both tours for some years and picked up his second victory on the PGA in April when he won the Puerto Rico Open to go with his 2016 success at the RBC Heritage.



He has nine further wins on the European Tour, including the South African Open in 2020. He finished tied for seventh at the US Open this year, but his best Major finish was at the 2015 PGA Championship when he finished third.



<h2>CHARL SCHWARTZEL</h2>



<div class="wp-block-image"><figure class="aligncenter size-large is-resized"><img decoding="async" loading="lazy" src="https://cms.forbesafrica.com/wp-content/uploads/2021/08/GettyImages-1333917542-1024x683.jpg" alt="" class="wp-image-52289" width="543" height="362" srcset="https://cms.forbesafrica.com/wp-content/uploads/2021/08/GettyImages-1333917542-1024x683.jpg 1024w, https://cms.forbesafrica.com/wp-content/uploads/2021/08/GettyImages-1333917542-300x200.jpg 300w, https://cms.forbesafrica.com/wp-content/uploads/2021/08/GettyImages-1333917542-768x512.jpg 768w, https://cms.forbesafrica.com/wp-content/uploads/2021/08/GettyImages-1333917542-1536x1024.jpg 1536w, https://cms.forbesafrica.com/wp-content/uploads/2021/08/GettyImages-1333917542-2048x1365.jpg 2048w" sizes="(max-width: 543px) 100vw, 543px" /><figcaption> (Photo by Jared C. Tilton/Getty Images)</figcaption></figure></div>



PGA Tour Earnings: $1,605,985 European Tour Earnings: $20,674,161



A heavy earner on the European Tour during his career, his one Major triumph actually came in the United States when he lifted the Masters trophy in 2011.



He has only one more win there in the last decade, but an impressive 10 on the European Tour, eight of which have come in South Africa and the other two in Spain.



<h2>DYLAN FRITTELLI</h2>



<div class="wp-block-image"><figure class="aligncenter size-large is-resized"><img decoding="async" loading="lazy" src="https://cms.forbesafrica.com/wp-content/uploads/2021/08/GettyImages-1335094389-1024x682.jpg" alt="" class="wp-image-52295" width="654" height="435" srcset="https://cms.forbesafrica.com/wp-content/uploads/2021/08/GettyImages-1335094389-1024x682.jpg 1024w, https://cms.forbesafrica.com/wp-content/uploads/2021/08/GettyImages-1335094389-300x200.jpg 300w, https://cms.forbesafrica.com/wp-content/uploads/2021/08/GettyImages-1335094389-768x512.jpg 768w, https://cms.forbesafrica.com/wp-content/uploads/2021/08/GettyImages-1335094389-1536x1024.jpg 1536w, https://cms.forbesafrica.com/wp-content/uploads/2021/08/GettyImages-1335094389-2048x1365.jpg 2048w" sizes="(max-width: 654px) 100vw, 654px" /><figcaption>(Photo by Stacy Revere/Getty Images)</figcaption></figure></div>



PGA Tour Earnings: $4,499,473 European Tour Earnings: $3,392,853



Fritelli’s one and only PGA Tour win came at the John Deere Classic in 2019, to go with two successes on he European Tour in the Lyoness Open in Austria and the Mauritius Open.



His best finish at a Major was tied fifth at the Masters in 2020.



<h2><meta charset="utf-8">ERIK VAN ROOYEN</h2>



<div class="wp-block-image"><figure class="aligncenter size-large is-resized"><img decoding="async" loading="lazy" src="https://cms.forbesafrica.com/wp-content/uploads/2021/08/GettyImages-1335986246-1024x683.jpg" alt="" class="wp-image-52297" width="550" height="367" srcset="https://cms.forbesafrica.com/wp-content/uploads/2021/08/GettyImages-1335986246-1024x683.jpg 1024w, https://cms.forbesafrica.com/wp-content/uploads/2021/08/GettyImages-1335986246-300x200.jpg 300w, https://cms.forbesafrica.com/wp-content/uploads/2021/08/GettyImages-1335986246-768x512.jpg 768w, https://cms.forbesafrica.com/wp-content/uploads/2021/08/GettyImages-1335986246-1536x1024.jpg 1536w, https://cms.forbesafrica.com/wp-content/uploads/2021/08/GettyImages-1335986246-2048x1365.jpg 2048w" sizes="(max-width: 550px) 100vw, 550px" /><figcaption> (Photo by Stacy Revere/Getty Images)</figcaption></figure></div>



PGA Tour Earnings: $1,596,939 European Tour Earnings: $5,325,617 



Van Rooyen has shown great consistency despite a single professional win outside of South Africa in his career – at the Scandinavian Invitation in 2019. He is often found high up the leaderboard though, with his best Major finish an eighth place at the 2019 PGA Championship.



<h2>BRANDON STONE</h2>



<div class="wp-block-image"><figure class="aligncenter size-large is-resized"><img decoding="async" loading="lazy" src="https://cms.forbesafrica.com/wp-content/uploads/2021/08/GettyImages-1335010802-1024x683.jpg" alt="" class="wp-image-52296" width="556" height="371" srcset="https://cms.forbesafrica.com/wp-content/uploads/2021/08/GettyImages-1335010802-1024x683.jpg 1024w, https://cms.forbesafrica.com/wp-content/uploads/2021/08/GettyImages-1335010802-300x200.jpg 300w, https://cms.forbesafrica.com/wp-content/uploads/2021/08/GettyImages-1335010802-768x512.jpg 768w, https://cms.forbesafrica.com/wp-content/uploads/2021/08/GettyImages-1335010802-1536x1024.jpg 1536w, https://cms.forbesafrica.com/wp-content/uploads/2021/08/GettyImages-1335010802-2048x1365.jpg 2048w" sizes="(max-width: 556px) 100vw, 556px" /><figcaption> (Photo by Oisin Keniry/Getty Images)</figcaption></figure></div>



PGA Tour Earnings: $295,257 European Tour Earnings: $4,980,169



Stone has three wins on the European Tour, though none since 2018. He claimed his first victory at the SA Open in 2016 and the closest he has come recently was a play-off loss in the Oman Open last year.



<h2>CHRISTIAAN BEZUIDENHOUT</h2>



<div class="wp-block-image"><figure class="aligncenter size-large is-resized"><img decoding="async" loading="lazy" src="https://cms.forbesafrica.com/wp-content/uploads/2021/08/GettyImages-1335489628-1024x669.jpg" alt="" class="wp-image-52293" width="592" height="386" srcset="https://cms.forbesafrica.com/wp-content/uploads/2021/08/GettyImages-1335489628-1024x669.jpg 1024w, https://cms.forbesafrica.com/wp-content/uploads/2021/08/GettyImages-1335489628-300x196.jpg 300w, https://cms.forbesafrica.com/wp-content/uploads/2021/08/GettyImages-1335489628-768x502.jpg 768w, https://cms.forbesafrica.com/wp-content/uploads/2021/08/GettyImages-1335489628-1536x1003.jpg 1536w, https://cms.forbesafrica.com/wp-content/uploads/2021/08/GettyImages-1335489628-2048x1337.jpg 2048w" sizes="(max-width: 592px) 100vw, 592px" /><figcaption> (Photo by Steve Dykes/Getty Images)</figcaption></figure></div>



PGA Tour Earnings: $974,608 European Tour Earnings: $4,107,928



An emerging star of South African golf, Bezuidenhout won three European Tour events between June 2019 and December 2020, but has yet to make his mark in the Majors. It feels like it is just a matter of time though. He was banned for two years in 2014 after testing positive for using ‘beta blockers’, which he claimed was to control his anxiety and a stutter. The sanction was later reduced to nine months.



<h2>DEAN BURMESTER</h2>



<div class="wp-block-image"><figure class="aligncenter size-large is-resized"><img decoding="async" loading="lazy" src="https://cms.forbesafrica.com/wp-content/uploads/2021/08/GettyImages-1335437065-1024x566.jpg" alt="" class="wp-image-52294" width="539" height="298" srcset="https://cms.forbesafrica.com/wp-content/uploads/2021/08/GettyImages-1335437065-1024x566.jpg 1024w, https://cms.forbesafrica.com/wp-content/uploads/2021/08/GettyImages-1335437065-300x166.jpg 300w, https://cms.forbesafrica.com/wp-content/uploads/2021/08/GettyImages-1335437065-768x424.jpg 768w, https://cms.forbesafrica.com/wp-content/uploads/2021/08/GettyImages-1335437065-1536x849.jpg 1536w, https://cms.forbesafrica.com/wp-content/uploads/2021/08/GettyImages-1335437065-2048x1131.jpg 2048w" sizes="(max-width: 539px) 100vw, 539px" /><figcaption>PRAGUE, CZECH REPUBLIC &#8211; AUGUST 21: Dean Burmester of South Africa on the 14th hole during Day Three of The D+D Real Czech Masters at Albatross Golf Resort on August 21, 2021 in Prague, Czech Republic. (Photo by Oisin Keniry/Getty Images)</figcaption></figure></div>



PGA Tour Earnings: $46,826 European Tour Earnings: $3,931,356



Born in Zimbabwe but playing under the South African flag, Burmester claimed the European Tour’s Tenerife Open in May and has been a stalwart of the local Sunshine Tour.



He has yet to crack it in the United States, and has not yet played at either the British Open or the Masters.



<h2>GARRICK HIGGO</h2>



<div class="wp-block-image"><figure class="aligncenter size-large is-resized"><img decoding="async" loading="lazy" src="https://cms.forbesafrica.com/wp-content/uploads/2021/08/GettyImages-1335953221-1024x682.jpg" alt="" class="wp-image-52292" width="541" height="360" srcset="https://cms.forbesafrica.com/wp-content/uploads/2021/08/GettyImages-1335953221-1024x682.jpg 1024w, https://cms.forbesafrica.com/wp-content/uploads/2021/08/GettyImages-1335953221-300x200.jpg 300w, https://cms.forbesafrica.com/wp-content/uploads/2021/08/GettyImages-1335953221-768x512.jpg 768w, https://cms.forbesafrica.com/wp-content/uploads/2021/08/GettyImages-1335953221-1536x1024.jpg 1536w, https://cms.forbesafrica.com/wp-content/uploads/2021/08/GettyImages-1335953221-2048x1365.jpg 2048w" sizes="(max-width: 541px) 100vw, 541px" /><figcaption>(Photo by Stacy Revere/Getty Images)</figcaption></figure></div>



PGA Tour Earnings: $1,358,316 European Tour Earnings: $1,076,625



The ‘next big thing’ in South African golf, and possibly the global game, Higgo has had his breakthrough year in2021andattheageofonly22is as exciting a prospect as you will see on tour.



All four of his professional wins outside of South Africa have come since September 2020, and in June, he won the Palmetto Championship in just his second start in the United States.



Higgo has been mentored by nine- time Major winner Gary Player and turned professional in 2019.



<h2>DANIEL VAN TONDER</h2>



<div class="wp-block-image"><figure class="aligncenter size-large is-resized"><img decoding="async" loading="lazy" src="https://cms.forbesafrica.com/wp-content/uploads/2021/08/GettyImages-1334990119-1024x683.jpg" alt="" class="wp-image-52291" width="487" height="325" srcset="https://cms.forbesafrica.com/wp-content/uploads/2021/08/GettyImages-1334990119-1024x683.jpg 1024w, https://cms.forbesafrica.com/wp-content/uploads/2021/08/GettyImages-1334990119-300x200.jpg 300w, https://cms.forbesafrica.com/wp-content/uploads/2021/08/GettyImages-1334990119-768x512.jpg 768w, https://cms.forbesafrica.com/wp-content/uploads/2021/08/GettyImages-1334990119-1536x1024.jpg 1536w, https://cms.forbesafrica.com/wp-content/uploads/2021/08/GettyImages-1334990119-2048x1365.jpg 2048w" sizes="(max-width: 487px) 100vw, 487px" /><figcaption>(Photo by Oisin Keniry/Getty Images)</figcaption></figure></div>



PGA Tour Earnings: $31,300 European Tour Earnings: $562,094



A player who has enjoyed great success on the Sunshine Tour, especially recently with four wins in 2020 alone.



His single success on the European Tour came at the Kenya Savannah Classic in March this year.



By Nick Said



*Earnings as of July 5, 2021

Close-up of golf bag with people in background

South Africa’s Highest-Earning Current Golfers

TOPLINE Amazon is preparing to make a $9 billion investment in the company’s film and television offerings by purchasing vaunted Hollywood studio&nbsp;<a href="https://www.forbes.com/sites/carlieporterfield/2021/05/24/amazon-reportedly-close-to-buying-mgm-for-nearly-9-billion/?sh=74c23a063d4c">MGM</a>, the&nbsp;Wall Street Journal&nbsp;<a href="https://www.wsj.com/articles/amazon-nears-deal-to-buy-hollywood-studio-mgm-11621880759?mod=hp_lead_pos1" target="_blank" rel="noreferrer noopener">reported</a>&nbsp;Monday, the latest in a string of major acquisitions the company has made to boost its standing in even more areas of people’s lives—here are the most notable:



<h3 id="h-key-facts">KEY FACTS</h3>



Amazon’s largest acquisition to date was when it&nbsp;<a href="https://www.bbc.com/news/business-40306099" target="_blank" rel="noreferrer noopener">purchased</a>&nbsp;Whole Foods in 2017 for $13.7 billion.



The company has also spent more than a billion dollars on shoe ecommerce giant&nbsp;<a href="https://techcrunch.com/2009/11/02/amazon-closes-zappos-deal-ends-up-paying-1-2-billion/" target="_blank" rel="noreferrer noopener">Zappos</a>&nbsp;($1.2 billion in 2009) and autonomous vehicle company&nbsp;<a href="https://www.forbes.com/sites/tomtaulli/2020/06/27/amazon-buys-zoox-why-self-driving-technology-is-existential/?sh=7714dde17c0f">Zoox</a>, which is&nbsp;<a href="https://zoox.com/about/" target="_blank" rel="noreferrer noopener">developing</a>&nbsp;a self-driving rideshare service ($1.2 billion in 2020).



Other pricey acquisitions include smart doorbell maker&nbsp;<a href="https://www.geekwire.com/2019/new-filing-amazon-spent-1-65b-acquisitions-2018-headlined-ring-pillpack-deals/" target="_blank" rel="noreferrer noopener">Ring</a>&nbsp;($839 million in 2018), online pharmacist PillPack ($753 million in 2018), video game streaming platform&nbsp;<a href="https://www.businessinsider.com/amazon-buys-twitch-2014-8" target="_blank" rel="noreferrer noopener">Twitch</a>&nbsp;($970 million in 2014), robotics company&nbsp;<a href="https://dealbook.nytimes.com/2012/03/19/amazon-com-buys-kiva-systems-for-775-million/" target="_blank" rel="noreferrer noopener">Kiva Systems</a>&nbsp;($775 million in 2012) and&nbsp;<a href="https://techcrunch.com/2010/11/08/confirmed-amazon-spends-545-million-on-diapers-com-parent-quidsi/" target="_blank" rel="noreferrer noopener">Quidsi</a>, the parent company of Diapers.com and other ecommerce sites ($545 million in 2010).



Amazon has invested in its cloud computing arm Amazon Web Services—which now makes up the&nbsp;<a href="https://www.washingtonpost.com/technology/interactive/2021/amazon-apple-facebook-google-acquisitions/" target="_blank" rel="noreferrer noopener">majority</a>&nbsp;of the company’s operating income—by purchasing more than a dozen companies in that sector, including $500 million for mobile video service&nbsp;<a href="https://techcrunch.com/2015/09/03/amazon-acquires-elemental-technologies-for-a-reported-500-million-in-cash/" target="_blank" rel="noreferrer noopener">Elemental Technologies</a>&nbsp;in 2018 and $20 million for cyber security startup&nbsp;<a href="https://techcrunch.com/2017/01/09/amazon-aws-harvest-ai/?ncid=rss&amp;utm_source=feedburner&amp;utm_medium=feed&amp;utm_campaign=Feed%3A+Techcrunch+%28TechCrunch%29&amp;sr_share=twitter" target="_blank" rel="noreferrer noopener">harvest.ai</a>&nbsp;in 2017.



In addition to its expected MGM purchase, Amazon has also invested in the film industry by acquiring&nbsp;<a href="https://venturebeat.com/2015/10/30/25-years-of-imdb-the-worlds-biggest-online-movie-database/" target="_blank" rel="noreferrer noopener">IMDB</a>&nbsp;(purchased in 1998 as part of a $55 million acquisition with two other companies), DVD rental service&nbsp;<a href="https://www.ft.com/content/9aa7315e-2482-11e0-8c0e-00144feab49a" target="_blank" rel="noreferrer noopener">Lovefilm</a>&nbsp;(for £200 million or approximately $317 million in 2011) and film grosses website&nbsp;<a href="https://variety.com/2008/digital/news/imdb-links-up-with-box-office-mojo-1117997423/" target="_blank" rel="noreferrer noopener">Box Office Mojo</a>&nbsp;(in 2008 for an undisclosed amount).



Amazon has strengthened its foothold in the book industry where it got its start by acquiring companies like audiobook seller&nbsp;<a href="https://www.cnet.com/news/amazon-acquires-audible-for-300-million/" target="_blank" rel="noreferrer noopener">Audible</a>&nbsp;($300 million in 2008), social network&nbsp;<a href="https://techcrunch.com/2013/03/28/amazon-acquires-social-reading-site-goodreads/" target="_blank" rel="noreferrer noopener">Goodreads</a>&nbsp;(in 2013 for an undisclosed amount), book publisher&nbsp;<a href="https://money.cnn.com/2012/06/04/technology/amazon-avalon-books/index.htm" target="_blank" rel="noreferrer noopener">Avalon Books</a>&nbsp;(in 2012 for an undisclosed amount) and used bookseller&nbsp;<a href="https://techcrunch.com/2008/08/01/amazon-to-acquire-abebooks/" target="_blank" rel="noreferrer noopener">AbeBooks</a>&nbsp;(in 2008 for an undisclosed amount).



<h3 id="h-crucial-quote">CRUCIAL QUOTE</h3>



“Amazon has an inventive, customer-obsessed, long-term oriented culture where entrepreneurs thrive,” an Amazon spokesperson said in an emailed statement to&nbsp;Forbes, adding the company helps those it acquires “to accelerate their businesses and delight customers with the help of Amazon’s resources and technology.” “We operate in a diverse range of businesses, from retail and entertainment to consumer electronics and technology services, and have thriving, well-established competition in each of these areas,” the spokesperson noted.



<h3 id="h-chief-critic">CHIEF CRITIC</h3>



Amazon and other tech giants’ acquisition practices have been criticized by lawmakers, who have accused the companies of practicing anti-competitive behavior by buying up smaller rivals. “As gatekeepers to the digital economy, these platforms enjoy the power to pick winners and losers, shake down small businesses, and enrich themselves while choking off competitors,” Rep. David Cicilline (D-R.I.), who chairs the House Antitrust Subcommittee,&nbsp;<a href="https://cicilline.house.gov/press-release/cicilline-opening-statement-big-tech-antitrust-hearing" target="_blank" rel="noreferrer noopener">said</a>&nbsp;in his opening statement for a hearing concerning Amazon, Apple, Facebook and Google. “Their ability to dictate terms, call the shots, upend entire sectors, and inspire fear represent the powers of a private government.” Amazon has&nbsp;<a href="https://www.aboutamazon.com/news/policy-news-views/statement-by-jeff-bezos-to-the-u-s-house-committee-on-the-judiciary" target="_blank" rel="noreferrer noopener">denied</a>&nbsp;the antitrust allegations against it and maintains that it competes with other platforms like eBay, Etsy, Walmart and Target and brick and mortar stores worldwide, noting the platform’s sales make up less than 4% of U.S. retail.



<h3 id="h-key-background">KEY BACKGROUND</h3>



Sources cited by the&nbsp;Journal&nbsp;say a deal between Amazon and MGM could be finalized as early as this week, though nothing has yet been finalized and “there are no guarantees they will ultimately reach an agreement.” Should the deal go through, MGM’s library would substantially bolster Amazon’s streaming platform by giving it access to&nbsp;<a href="https://www.hollywoodreporter.com/business/business-news/amazon-acquire-mgm-1234954655/" target="_blank" rel="noreferrer noopener">thousands</a>&nbsp;of additional film and television titles, helping Amazon Prime better compete with other streaming powerhouses like Netflix. MGM’s century-long history dates back to the silent era, giving Amazon access to films like the&nbsp;James Bond&nbsp;franchise and&nbsp;Rocky&nbsp;films and newer properties like&nbsp;The Handmaid’s Tale&nbsp;television series. (Golden Age classics made at the studio before 1948 like&nbsp;The Wizard of Oz&nbsp;and&nbsp;Gone with the Wind&nbsp;have already been sold to Warner Bros, however, the&nbsp;Journal&nbsp;notes.) The reported $9 billion deal comes after MGM was most recently valued at $5.5 billion in December, the&nbsp;Journal&nbsp;reports, though its stock price has soared in response to news of the expected deal.



<h3 id="h-further-reading">FURTHER READING</h3>



<a href="https://www.forbes.com/sites/carlieporterfield/2021/05/24/amazon-reportedly-close-to-buying-mgm-for-nearly-9-billion/?sh=74c23a063d4c">Amazon Reportedly Close To Buying MGM For Nearly $9 Billion</a>&nbsp;(Forbes)



<a href="https://www.wsj.com/articles/amazon-nears-deal-to-buy-hollywood-studio-mgm-11621880759" target="_blank" rel="noreferrer noopener">Amazon Nears Deal to Buy Hollywood Studio MGM</a>&nbsp;(Wall Street Journal)



<a href="https://www.washingtonpost.com/technology/interactive/2021/amazon-apple-facebook-google-acquisitions/" target="_blank" rel="noreferrer noopener">How Big Tech got so big: Hundreds of acquisitions</a>&nbsp;(Washington Post)



<a href="https://www.forbes.com/sites/dawnchmielewski/2021/01/30/mgms-back-on-the-block-and-floating-a-10-billion-price-tag-dont-count-on-it/?sh=7f1cb80eb740">MGM’s Back On The Block And Floating A $10 Billion Price Tag. Don’t Count On It.</a>&nbsp;(Forbes)



By Alison Durkee, Forbes Staff

Amazon Package Deliveries On Prime Day

Amazon’s Biggest Acquisitions Have Allowed It To Become A Marketplace For Nearly Everything

Key Speakers and Interviews at the Bloomberg New Economy Forum

The Forbes Billionaires’ List: Africa’s Richest People 2021

THE COVID-19 PANDEMIC HAS ALSO BROUGHT with its opportunities, and according to South Africa-based futurists Graeme Codrington and John Sanei, it’s time to embrace the change and rather see it as a chance to try and rebuild your business, even if it is on the brink of falling apart.



<ol><li>“STOP WAITING FOR THINGS TO GO BACK TO NORMAL, IT’S NOT GOING TO”</li></ol>



Don’t press the “huge pause button” on life. Codrington, a futurist who tracks disruptions through history, states that the era of the coronavirus could be with us longer than we think.



“The disruption that Covid is causing is going to be with us, I think for at least two more years. Even in the best-case scenarios, Africa will only get a vaccine [in 2021]. And it will take a few months, maybe the whole year to produce it, distribute around the world and convince people to take it.”



He adds that even once vaccines are made available, the level of comfort people felt previously doing ‘normal’ stuff every day will change.



“People are going to be nervous to fly, to travel, nervous to go out to restaurants to eat, nervous to go into public spaces. So you know, tourism, entertainment, hospitality is going to really struggle. In any scenario, you know, even the best scenario, you’re going to be struggling.



“So what we’ve got to realize is this deep disruption going on here.”



<ol start="2"><li>“UNDERSTAND SEAMLESSNESS AND YOU CAN BECOME VERY SUCCESSFUL”</li></ol>



Sanei, a futurist who categorizes and contextualizes the future through human instinct, believes that businesses need to find a more seamless way to give consumers what they want. It can be an average idea, but as long as it’s something that could accommodate the consumers of today, who will likely not want to leave the confines of their home, you can be successful.



“The example I will use is Domino’s Pizza,” Sanei explains.



“They may not have the most amazing pizza but they’ve understood seamlessness getting a pizza to you as quickly as possible because they have the Ten Second App.” The basis of understanding seamlessness is understanding what people want, especially during this time.



“And of course, that is going to differ depending on what industry you are in and depending on where you are, but this is where entrepreneurs can step up because the smaller your business is, the more local it is, the easier it is for you to make adjustments and shift and think ‘what can I do for my clients, my customers, what else can I do for them’?” says Codrington.



3. “REINVENT”



It has been reiterated by economists that businesses may have to close their doors and millions of people will find themselves unemployed if they haven’t already. However, futurists are certain that in situations like this, it’s best to either reinvent your business model – or reinvent yourself.



“Any advice I give to entrepreneurs is based on this principle that they must look for a gap. Ask yourself the question ‘what makes you most excited, and what can you bring to the world that’s uniquely yours, what is uniquely, and authentically me?’ And in that process, what we do is we add value to the world based on what we are here to do,” Sanei says.



“This is what every entrepreneur does and knows every single day,” Codrington adds. “If you add real value, and people see the value that you’re adding, they’ll buy from you. And so it obviously isn’t that simple for everybody. Because it’s tough. You know this is a tough economy. It’s a tough situation. But whether it’s tough or easy, that’s the right mindset. ‘What do people need, why should they buy it from me?’ If you ask those two questions and find answers, you’ll get through this.”



4. “GO BACK TO BASICS”



Codrington believes that this would be a perfect time to reeducate yourself on the basic structures of running a business. However, this can only happen after you have accepted that your business has suffered during this time but there is light at the end of the tunnel.



“Because now you basically don’t cry about what could have been any more, but you say ‘what is and what exists now’. That’s what I think distinguishes entrepreneurs from corporate people anyway. Because entrepreneurs get up every morning saying, ‘I’ve got to make something happen today’,” Codrington says. It always comes back to what the consumer needs, and that is the main focus that gives the entrepreneur drive, Codrington says. 



He further adds that during this crisis, adapting your business model to suit the time is what could preserve your business in the long haul. A practical example is how some hotels around the world have turned their businesses into ‘work from home’ offices.



“So they are saying, ‘you can’t go into the office, but you don’t want to be stuck at home, so why don’t you rent a room in our hotel, we’ll give you free bottomless coffee, we’ll give you room service’. You’re comfortable with the hotel. There’s no bed, you’re not sleeping at the hotel. You arrive in the morning. You go into a room, it’ll be your room only,” says Codrington.



5.“LEAVE THE OLD WORLD AND EMBRACE CHANGE”



Business models, such as supply and demand models, are not needed anymore. Having to expect people to walk into a shop and buy something is an old model that needs to be eradicated. Sanei further adds that because the world has “this thing called the internet”, passion for your business is all that is necessary.



“If your business is taking strain, and your business is dying, and you are nervous about it, it means that you haven’t understood a digital-first world. Which means that you haven’t understood that the world we’re going into has new rules attached. You need to understand that if your business is dying, the reason is because it’s not really for this world,” Sanai says.



As daunting as this time may be, endless opportunities await entrepreneurs. What guarantees your success during this time will be your behavior.



“And so the entrepreneurs of the future are the ones that understand that they are the machine, they are the business, and that they are the ones who are going to be making things happen. Not the ones relying on a sector, or a subject or a technology, because you have no idea and cannot guarantee and hedge your bets on anything that’s coming in the future,” Sanei says.

Asian entrepreneur closing business due to Covid-19 outbreak

How The Covid Carnage Can Help Create The Entrepreneurs Of The Future

Our tech guru rounds up the coolest tools for 2021 and beyond. 



<h4 id="h-1-lifesmart-magic-mirror">1. LIFESMART MAGIC MIRROR</h4>



<div class="wp-block-image is-style-default"><figure class="aligncenter size-large is-resized"><img decoding="async" loading="lazy" src="https://www.forbesafrica.com/wp-content/uploads/2020/12/LifeSmart-Magic-Mirror-1024x894.png" alt="" class="wp-image-49412" width="508" height="443" srcset="https://cms.forbesafrica.com/wp-content/uploads/2020/12/LifeSmart-Magic-Mirror-1024x894.png 1024w, https://cms.forbesafrica.com/wp-content/uploads/2020/12/LifeSmart-Magic-Mirror-300x262.png 300w, https://cms.forbesafrica.com/wp-content/uploads/2020/12/LifeSmart-Magic-Mirror-768x671.png 768w, https://cms.forbesafrica.com/wp-content/uploads/2020/12/LifeSmart-Magic-Mirror-1536x1342.png 1536w, https://cms.forbesafrica.com/wp-content/uploads/2020/12/LifeSmart-Magic-Mirror-600x524.png 600w, https://cms.forbesafrica.com/wp-content/uploads/2020/12/LifeSmart-Magic-Mirror.png 2000w" sizes="(max-width: 508px) 100vw, 508px" /></figure></div>



The Magic Mirror merges fashion with technology. It can be mounted at a central location like the entrance to the home, the bedroom or the bathroom. It has smart features that let you control supported home appliances, similar to a smart speaker. It features an auto-wake-up function, health management, voice control, entertainment functions, and has a built-in camera. The Magic Mirror is Android-powered and runs on a MediaTek chip with 2GB of RAM and 16GB of memory. You simply scan a QR code to set up and select personal preferences. 



R29,995 ($1,915) from Mikrotech.co.za



<h4 id="h-2-samsung-galaxy-z-fold-2">2. SAMSUNG GALAXY Z FOLD 2</h4>



The Samsung Galaxy Z Fold 2 is the gadget to own for early adopters. Samsung’s newest folding screen device is an incredible piece of tech, boasting an ultra-thin glass top over last year’s plastic one. The Infinity-O display, 120Hz refresh rate and multi-tasking capabilities make it a pleasure to use. Add to it a triple lens camera, 5G support, a massive fast-charging battery and what more could you want? If this is the future of mobile, we’re excited.



R46,995 ($3,000) from Samsung stores.



<h4 id="h-3-ipad-air-64gb-cellular">3. IPAD AIR (64GB CELLULAR)</h4>



The new iPad Air takes Work From Anywhere to another level. Weighing just under 500g, it runs on Apple’s fastest A14 Bionic chip and is more powerful than most PCs. Plus, the pencil and keyboard accessories give you flexibility on what you can do or how creative you get to be. It has a 10.9-inch display, narrow bezels and 12MP camera; ideally suited for today’s environment as a result of the global pandemic. Work or play, it has an excellent battery life. This sleek tablet now comes in pastel hues like blue, green and pink, in addition to silver and grey. 



R14,999 ($958) at the iStore.



<h4 id="h-4-ring-video-doorbell-3">4. RING VIDEO DOORBELL 3</h4>



Amazon’s popular Ring Video Doorbell 3 is now available in South Africa for the first time. For added peace of mind, it has motion detection and live view, above its two-way talk system. It features a 1080p full HD camera, enhanced dual-band 2.4-5Ghz WiFi connectivity and Alexa support. It works with the user-friendly Ring app, accessible from a mobile device. The adjustable Near Zone feature detects motion within 1.5m to 4.5m from the front door. Privacy features support areas that can be excluded from the camera’s field of view and the ability to turn off video or audio recording.



R3,999 ($255) from Takealot.com



<h4 id="h-5-smeg-d-g-espresso-machine">5. SMEG D&amp;G ESPRESSO MACHINE</h4>



<div class="wp-block-image is-style-default"><figure class="alignright size-large is-resized"><img decoding="async" loading="lazy" src="https://www.forbesafrica.com/wp-content/uploads/2020/12/Smeg-DG-Espresso-1024x955.png" alt="" class="wp-image-49414" width="377" height="351" srcset="https://cms.forbesafrica.com/wp-content/uploads/2020/12/Smeg-DG-Espresso-1024x955.png 1024w, https://cms.forbesafrica.com/wp-content/uploads/2020/12/Smeg-DG-Espresso-300x280.png 300w, https://cms.forbesafrica.com/wp-content/uploads/2020/12/Smeg-DG-Espresso-768x716.png 768w, https://cms.forbesafrica.com/wp-content/uploads/2020/12/Smeg-DG-Espresso-1536x1432.png 1536w, https://cms.forbesafrica.com/wp-content/uploads/2020/12/Smeg-DG-Espresso-600x559.png 600w, https://cms.forbesafrica.com/wp-content/uploads/2020/12/Smeg-DG-Espresso.png 1920w" sizes="(max-width: 377px) 100vw, 377px" /></figure></div>



The Smeg Dolce &amp; Gabanna manual espresso machine is for serious coffee-lovers who also appreciate a touch of luxury. This retro statement piece with its Sicilian-inspired geometric pattern deserves a special spot in the kitchen. It has a removable 1L tank, adjustable coffee temperature and supports three cup sizes (Ristretto, Espresso and Lungi) with a milk froth function. Other features include an anti-drip system, descaling indicator and adjustable stand-by times between nine minutes to three hours. The 1350W espresso machine is made in Italy. 



R24,699 ($1,576) from Yuppiechef.com



<h4 id="h-6-jekyll-hide-montana-backpack">6. JEKYLL &amp; HIDE MONTANA BACKPACK</h4>



<div class="wp-block-image is-style-default"><figure class="alignleft size-large is-resized"><img decoding="async" loading="lazy" src="https://www.forbesafrica.com/wp-content/uploads/2020/12/Jekyll-Hyde-Backpack-784x1024.png" alt="" class="wp-image-49411" width="336" height="438" srcset="https://cms.forbesafrica.com/wp-content/uploads/2020/12/Jekyll-Hyde-Backpack-784x1024.png 784w, https://cms.forbesafrica.com/wp-content/uploads/2020/12/Jekyll-Hyde-Backpack-230x300.png 230w, https://cms.forbesafrica.com/wp-content/uploads/2020/12/Jekyll-Hyde-Backpack-768x1003.png 768w, https://cms.forbesafrica.com/wp-content/uploads/2020/12/Jekyll-Hyde-Backpack-1176x1536.png 1176w, https://cms.forbesafrica.com/wp-content/uploads/2020/12/Jekyll-Hyde-Backpack-300x392.png 300w, https://cms.forbesafrica.com/wp-content/uploads/2020/12/Jekyll-Hyde-Backpack-600x784.png 600w, https://cms.forbesafrica.com/wp-content/uploads/2020/12/Jekyll-Hyde-Backpack.png 1400w" sizes="(max-width: 336px) 100vw, 336px" /></figure></div>



The Montana overnight business backpack from Jekyll &amp; Hide is stylish and durable, made from full-grain leather available in a beautiful colt shade. The layout is organized with compartments for a laptop, tablet, travel documents, business cards, cables, pens, etc. Its dimensions are 31 x 15 x 45cm and have secure fastening straps; a front zipped pocket, and a secure RFID slot to protect bank cards and passports from identity theft. The main zipped pocket has dedicated 15” laptop and tablet slots. As an overnighter, the middle compartment accommodates a change of clothes or shoes.



R6,999 ($447) at JekyllandHide.co.za



<h4 id="h-7-under-armour-hovr-machina">7. UNDER ARMOUR HOVR MACHINA</h4>



<div class="wp-block-image is-style-default"><figure class="aligncenter size-large is-resized"><img decoding="async" loading="lazy" src="https://www.forbesafrica.com/wp-content/uploads/2020/12/UA-Hovr-Machina-1024x633.jpg" alt="" class="wp-image-49415" width="380" height="234" srcset="https://cms.forbesafrica.com/wp-content/uploads/2020/12/UA-Hovr-Machina-1024x633.jpg 1024w, https://cms.forbesafrica.com/wp-content/uploads/2020/12/UA-Hovr-Machina-300x186.jpg 300w, https://cms.forbesafrica.com/wp-content/uploads/2020/12/UA-Hovr-Machina-768x475.jpg 768w, https://cms.forbesafrica.com/wp-content/uploads/2020/12/UA-Hovr-Machina-1536x950.jpg 1536w, https://cms.forbesafrica.com/wp-content/uploads/2020/12/UA-Hovr-Machina-2048x1267.jpg 2048w, https://cms.forbesafrica.com/wp-content/uploads/2020/12/UA-Hovr-Machina-600x371.jpg 600w" sizes="(max-width: 380px) 100vw, 380px" /></figure></div>



If lockdown had you turn to fitness, check out Under Armour’s Hovr Machina running shoes. The Bluetooth-powered sneaker connects to a smartphone app to provide stats like step count, cadence, stride length, foot strike angle, etc. It also acts as a real-time running coach with personalized guidance, and how to better manage the risk of injury while improving performance. The Hovr Machina provides a ‘zero gravity feel’ through its responsive carbon-plated propulsion soles and has the right amount of cushioning. It’s comfortable to wear when not training and suitable for marathons and long distances. Available in sizes for men and women in various shades.



R2,999 ($191) at UnderArmour.co.za



<h4 id="h-8-sony-playstation-5">8. SONY PLAYSTATION 5</h4>



Sony’s much-anticipated next-generation gaming console has landed in time for the holiday season. The PlayStation 5’s futuristic design has gained a lot of attention since its reveal but given the uptake in gaming during lockdown globally, it’s a no-brainer. There will be two variants available, one with an optical drive and one without. The PS5 supports graphics up to 4K, a high-speed 825GB SSD, and 3D audio on its wireless controller. Exclusive titles at launch include Marvel’s Spider-Man: Miles Morales, Sackboy A Big Adventure, and Horizon Forbidden West. Digital Edition:



R9,999 ($638) and Blu-Ray: R11,999 ($766) via Raru.co.za



Dollar prices are approximates as per the exchange rate at the time of going to press.



 &#8211;BY NAFISA AKABOR

Black Friday

Luxury Gift Guide: A Mirror With Memory?

Although the world was struck by the Covid-19 Pandemic, other issues were also brought to the forefront in 2020. Here are the hashtags from Africa that caught the globe’s attention this year.



#ENDSars: Just as the country celebrated its diamond jubilee, police brutality protests started on October 7 in Nigeria calling for the disbanding of the infamous police unit, the Special Anti-Robbery Squad (SARS), which had long been accused of extortion, torture, and extra-judicial killings.



<div class="wp-block-image is-style-default"><figure class="aligncenter size-large is-resized"><img decoding="async" loading="lazy" src="https://www.forbesafrica.com/wp-content/uploads/2020/12/GettyImages-1229378322-1024x682.jpg" alt="" class="wp-image-49261" width="432" height="288" srcset="https://cms.forbesafrica.com/wp-content/uploads/2020/12/GettyImages-1229378322-1024x682.jpg 1024w, https://cms.forbesafrica.com/wp-content/uploads/2020/12/GettyImages-1229378322-300x200.jpg 300w, https://cms.forbesafrica.com/wp-content/uploads/2020/12/GettyImages-1229378322-768x511.jpg 768w, https://cms.forbesafrica.com/wp-content/uploads/2020/12/GettyImages-1229378322-1536x1022.jpg 1536w, https://cms.forbesafrica.com/wp-content/uploads/2020/12/GettyImages-1229378322-2048x1363.jpg 2048w, https://cms.forbesafrica.com/wp-content/uploads/2020/12/GettyImages-1229378322-600x399.jpg 600w" sizes="(max-width: 432px) 100vw, 432px" /><figcaption> (Photo by Maciek Musialek/NurPhoto via Getty Images)</figcaption></figure></div>



#CongoIsBleeding: Exploitation in the mines of the Democratic Republic of the Congo (DRC) received attention in October to highlight child slavery, deadly conflicts, and corruption spawned by the quest to feed mega-companies with minerals.



#ShutItAllDown: This was a wave of ongoing gender-based violence protests across Namibia aimed at stopping the spread of rape and the killing of women. According to CNN, the protests were in response to news of another attack, in turn, those protestors threatened to leave everything at a standstill for four days earlier in October.



<div class="wp-block-image is-style-default"><figure class="aligncenter size-large is-resized"><img decoding="async" loading="lazy" src="https://www.forbesafrica.com/wp-content/uploads/2020/12/GettyImages-1228977823-1024x683.jpg" alt="" class="wp-image-49263" width="388" height="259" srcset="https://cms.forbesafrica.com/wp-content/uploads/2020/12/GettyImages-1228977823-1024x683.jpg 1024w, https://cms.forbesafrica.com/wp-content/uploads/2020/12/GettyImages-1228977823-300x200.jpg 300w, https://cms.forbesafrica.com/wp-content/uploads/2020/12/GettyImages-1228977823-768x512.jpg 768w, https://cms.forbesafrica.com/wp-content/uploads/2020/12/GettyImages-1228977823-1536x1024.jpg 1536w, https://cms.forbesafrica.com/wp-content/uploads/2020/12/GettyImages-1228977823-2048x1365.jpg 2048w, https://cms.forbesafrica.com/wp-content/uploads/2020/12/GettyImages-1228977823-600x400.jpg 600w" sizes="(max-width: 388px) 100vw, 388px" /><figcaption> (Photo by HILDEGARD TITUS/AFP via Getty Images)</figcaption></figure></div>



#ZimbabweanLivesMatter: A predominantly online demonstration to address the human rights abuses in Zimbabwe in August. According to The Guardian, the hashtag was ‘fashioned’ after the Black Lives Matter global protests staged since the killing of George Floyd by a US police officer in May. Furthermore, the incarceration of journalist Hopewell Chin’ono and the Booker Prize long-listed author Tsitsi Dangarembga has angered more people across Africa.



<div class="wp-block-image is-style-default"><figure class="aligncenter size-large is-resized"><img decoding="async" loading="lazy" src="https://www.forbesafrica.com/wp-content/uploads/2020/12/GettyImages-1227856557-1024x683.jpg" alt="" class="wp-image-49265" width="433" height="289" srcset="https://cms.forbesafrica.com/wp-content/uploads/2020/12/GettyImages-1227856557-1024x683.jpg 1024w, https://cms.forbesafrica.com/wp-content/uploads/2020/12/GettyImages-1227856557-300x200.jpg 300w, https://cms.forbesafrica.com/wp-content/uploads/2020/12/GettyImages-1227856557-768x512.jpg 768w, https://cms.forbesafrica.com/wp-content/uploads/2020/12/GettyImages-1227856557-600x400.jpg 600w" sizes="(max-width: 433px) 100vw, 433px" /><figcaption>Julie Barnes holds a placard during an anti-corruption protest march along Borrowdale road, on July 31, 2020 in Harare. (Photo by ZINYANGE AUNTONY/AFP via Getty Images)</figcaption></figure></div>



#RapeNationalEmergancy: On September 11, Liberian President George Weah declared rape a national emergency in the country. According to Al Jazeera, Weah introduced measures in place to address the increase in violence against women. Measures include a special prosecutor for rape in the country, as well as the set-up of a national sex offender registry and the establishment of a “national security task force” on sexual and gender-based violence.



#ChildTrafficking: This has been highlighted as a severe problem on cocoa farms in Ghana and Ivory Coast. According to a US study, the prevalence of children doing hazardous work, including using sharp tools, has also gone up in the world’s top two cocoa producers, reported Al Jazeera in October.



<div class="wp-block-image is-style-default"><figure class="aligncenter size-large is-resized"><img decoding="async" loading="lazy" src="https://www.forbesafrica.com/wp-content/uploads/2020/12/GettyImages-1227845071-1024x678.jpg" alt="" class="wp-image-49266" width="444" height="294" srcset="https://cms.forbesafrica.com/wp-content/uploads/2020/12/GettyImages-1227845071-1024x678.jpg 1024w, https://cms.forbesafrica.com/wp-content/uploads/2020/12/GettyImages-1227845071-300x199.jpg 300w, https://cms.forbesafrica.com/wp-content/uploads/2020/12/GettyImages-1227845071-768x509.jpg 768w, https://cms.forbesafrica.com/wp-content/uploads/2020/12/GettyImages-1227845071-1536x1017.jpg 1536w, https://cms.forbesafrica.com/wp-content/uploads/2020/12/GettyImages-1227845071-2048x1356.jpg 2048w, https://cms.forbesafrica.com/wp-content/uploads/2020/12/GettyImages-1227845071-600x397.jpg 600w" sizes="(max-width: 444px) 100vw, 444px" /><figcaption>(Photo by Olukayode Jaiyeola/NurPhoto via Getty Images)</figcaption></figure></div>



#Guinea: Guinea’s president, Alpha Condé, has won a “controversial third term” with 59.49% of the vote, the National Independent Electoral Commission declared on October 24. According to the Guardian, his victory came at the same time as widespread protests “violently suppressed by security forces”.



<div class="wp-block-image is-style-default"><figure class="aligncenter size-large is-resized"><img decoding="async" loading="lazy" src="https://www.forbesafrica.com/wp-content/uploads/2020/12/GettyImages-1229107728-1024x683.jpg" alt="" class="wp-image-49262" width="395" height="263" srcset="https://cms.forbesafrica.com/wp-content/uploads/2020/12/GettyImages-1229107728-1024x683.jpg 1024w, https://cms.forbesafrica.com/wp-content/uploads/2020/12/GettyImages-1229107728-300x200.jpg 300w, https://cms.forbesafrica.com/wp-content/uploads/2020/12/GettyImages-1229107728-768x512.jpg 768w, https://cms.forbesafrica.com/wp-content/uploads/2020/12/GettyImages-1229107728-1536x1024.jpg 1536w, https://cms.forbesafrica.com/wp-content/uploads/2020/12/GettyImages-1229107728-2048x1365.jpg 2048w, https://cms.forbesafrica.com/wp-content/uploads/2020/12/GettyImages-1229107728-600x400.jpg 600w" sizes="(max-width: 395px) 100vw, 395px" /><figcaption> Alpha Conde addresses his supporters at a campaign rally in Conakry on October 16, 2020. (Photo by JOHN WESSELS/AFP via Getty Images)</figcaption></figure></div>



#AnglophoneCrisis: Since October 2016, Cameroon’s Anglophone minority have been protesting due to sectoral grievances that morphed into political demands. On October 24 this year, the United Nations reported that eight children were killed and dozens wounded by a group of armed men at the Mother Francisca International Bilingual Academy Kumba in the southwest region of Cameroon. Although the southwest region is one of two Anglophone regions, it was not clear if the attack was linked to a continuing struggle between government forces and armed groups in the English-speaking west seeking to form a breakaway state.



<div class="wp-block-image is-style-default"><figure class="aligncenter size-large is-resized"><img decoding="async" loading="lazy" src="https://www.forbesafrica.com/wp-content/uploads/2020/12/GettyImages-1154062693-1024x682.jpg" alt="" class="wp-image-49268" width="418" height="278" srcset="https://cms.forbesafrica.com/wp-content/uploads/2020/12/GettyImages-1154062693-1024x682.jpg 1024w, https://cms.forbesafrica.com/wp-content/uploads/2020/12/GettyImages-1154062693-300x200.jpg 300w, https://cms.forbesafrica.com/wp-content/uploads/2020/12/GettyImages-1154062693-768x512.jpg 768w, https://cms.forbesafrica.com/wp-content/uploads/2020/12/GettyImages-1154062693-1536x1023.jpg 1536w, https://cms.forbesafrica.com/wp-content/uploads/2020/12/GettyImages-1154062693-2048x1365.jpg 2048w, https://cms.forbesafrica.com/wp-content/uploads/2020/12/GettyImages-1154062693-600x400.jpg 600w" sizes="(max-width: 418px) 100vw, 418px" /><figcaption> Anglophone village women pray in a church located in a hill village on May 12, 2019 a few miles outside Buea in SW Cameroon. (Photo by Giles Clarke/UNOCHA via Getty Images)</figcaption></figure></div>



#PrayForEthiopia: CNN reported on November 7 that a military conflict, which has raised fears of civil war, broke out due to Tigray&#8217;s Peoples Liberation Front’s (TPLF) unilateral decision to elect a regional administration against Prime Minister Abiy Ahmed’s wishes. “Our operation aims to end the impunity that has prevailed for far too long and hold accountable individuals and groups under the laws of the land,” Abiy said on Twitter. According to the Herald Malaysia, this resulted in heavy casualties and thousands of civilians fleeing the region.



<div class="wp-block-image is-style-default"><figure class="aligncenter size-large is-resized"><img decoding="async" loading="lazy" src="https://www.forbesafrica.com/wp-content/uploads/2020/12/GettyImages-1229977140-1024x683.jpg" alt="" class="wp-image-49259" width="431" height="287" srcset="https://cms.forbesafrica.com/wp-content/uploads/2020/12/GettyImages-1229977140-1024x683.jpg 1024w, https://cms.forbesafrica.com/wp-content/uploads/2020/12/GettyImages-1229977140-300x200.jpg 300w, https://cms.forbesafrica.com/wp-content/uploads/2020/12/GettyImages-1229977140-768x512.jpg 768w, https://cms.forbesafrica.com/wp-content/uploads/2020/12/GettyImages-1229977140-1536x1024.jpg 1536w, https://cms.forbesafrica.com/wp-content/uploads/2020/12/GettyImages-1229977140-2048x1365.jpg 2048w, https://cms.forbesafrica.com/wp-content/uploads/2020/12/GettyImages-1229977140-600x400.jpg 600w" sizes="(max-width: 431px) 100vw, 431px" /><figcaption>TOPSHOT &#8211; An Ethiopian refugee who fled the Tigray conflict prays during Sunday Mass at an Ethiopian Orthodox church building built by former Ethiopian refugees, at the village next to Um Raquba refugee camp in Gedaref, eastern Sudan, on December 6, 2020. (Photo by YASUYOSHI CHIBA/AFP via Getty Images)</figcaption></figure></div>



#StopGBV: During the lockdown, gender-based violence and femicide in South Africa has become a second pandemic for the country. According to the Commission of Gender Equality, South Africa is ranked amongst the highest in Africa for domestic violence. At the end of July, Police Minister Bheki Cele released crime stats showing that sexual crimes in the country increased by 1.7%, with 53,293 cases reported. This is 873 cases more than in 2019.



<div class="wp-block-image is-style-default"><figure class="aligncenter size-large is-resized"><img decoding="async" loading="lazy" src="https://www.forbesafrica.com/wp-content/uploads/2020/12/GettyImages-1222580728-1024x710.jpg" alt="" class="wp-image-49267" width="389" height="270" srcset="https://cms.forbesafrica.com/wp-content/uploads/2020/12/GettyImages-1222580728-1024x710.jpg 1024w, https://cms.forbesafrica.com/wp-content/uploads/2020/12/GettyImages-1222580728-300x208.jpg 300w, https://cms.forbesafrica.com/wp-content/uploads/2020/12/GettyImages-1222580728-768x533.jpg 768w, https://cms.forbesafrica.com/wp-content/uploads/2020/12/GettyImages-1222580728-1536x1065.jpg 1536w, https://cms.forbesafrica.com/wp-content/uploads/2020/12/GettyImages-1222580728-2048x1421.jpg 2048w, https://cms.forbesafrica.com/wp-content/uploads/2020/12/GettyImages-1222580728-600x416.jpg 600w" sizes="(max-width: 389px) 100vw, 389px" /><figcaption>Students protest against gender based violence (GBV) at parliament on June 24, 2020 in Cape Town, South Africa. (Photo by Nardus Engelbrecht/Gallo Images via Getty Images)</figcaption></figure></div>

Untitled-1

What Was Trending In Africa In 2020?

Navigating the murky waters of financial planning in your 20s is no easy task. With the economy perennially in a state of flux and debt on the rise, maintaining a healthy financial life has proven to be even more challenging. We spoke to some finance gurus and experts to glean from them the following that could throw ideas and provide some relief:



<ol type="1"><li>Save. This money is not for immediate use, it isn’t even for foreseeable use. This money is for the long-term, and can be diversified through a number of different investments and unit trusts. These banking faculties ensure that the money you’re putting away is reaching its maximum potential and will serve you well, when the need for it arises. The amount being saved will depend on monthly income and expenses. Increasing this as you progress to each stage of life is recommended and will serve you well when the time comes to reap these rewards.</li><li>Budget. Keep track of your monthly expenses and reduce frivolous spending. A detailed review of your expenses in a month can help determine the money you need to cover it. After all essential expenses such as rent or loan repayments, the cost for essential items such as food and toiletries should be calculated next. The last to follow is optional expenses such as eating out or luxury spend. In doing this, it ensures all the important factors are covered while leaving room for the occasional splurge.</li><li>Emergency funds. Life can be unpredictable. With this come unforeseen costs. To prepare for this, experts recommend creating an emergency fund. This fund is an accumulation of money that is put away to access should the need arise. It can be used on an unexpected medical emergency or sudden job loss. The creation of this ensures that debt is not incurred and long-term savings are spared. It should be placed in a bank account that is quick and easy to access so the funds are available immediately should you need it.</li><li>Assets. Acquiring assets such as vehicles or property is an important investment into the future. Using the finance options available also has its benefits. Creating a positive credit score is important for anyone especially later on in life when business loans may be needed or when opening accounts. While vehicles depreciate quicker, these are assets that can be kept for years at a time and can be used as collateral for a better model when the opportunity arises. Property is also an investment and does not depreciate.</li><li>Retirement funds. Time waits for no man and age catches up with us all. This is why saving for retirement is something that should be started as early as possible. Everyone wants to age comfortably. To do this, it means taking the initiative while you’re young. Over and above the pension or preservation fund being accumulated through your job, setting up a retirement annuity is also highly recommended. This ensures that either a lump sum or monthly stipend is received ensuring that you age in style.</li></ol>



Being in your 20s can be exhilarating and terrifying all at once. The events of your 20s are a significant factor in how you approach the rest of your life. The one thing you want to make sure is that your finances are in order. Debt globally is the highest that it has ever been, and the economy is in recession. Preparing now makes sure that you weather the storm. With calmer seas, you’ll reap the rewards instead of being stranded with no lifeline. Let your finances be one of the things you do well in your 20s.

Millennials & New Ways of Investing

5 Ways To Plan Your Finances In Your 20s

A controversial movie release and weaker-than-anticipated growth projections for the third quarter have barely stunted Netflix&#8217;s <a rel="noreferrer noopener" href="https://www.forbes.com/companies/netflix" target="_blank">NFLX</a> <a href="https://www.forbes.com/companies/netflix">0.0%</a> surge this year. Though they took a small hit amid the broader market&#8217;s September correction–after an all-time Netflix high in late August–shares of the Los Gatos, California-based firm are once again nearing peak levels. With the firm set to report earnings Tuesday after the market close, here are five numbers that show just how much the firm has dominated entertainment in the pandemic age.



<h3 class="has-text-align-center">$235 Billion</h3>



That&#8217;s Netflix&#8217;s market capitalization the day before it&#8217;s set to release third-quarter earnings. It&#8217;s up nearly $100 billion in 2020 alone, making the 23-year-old streaming giant one of the 20 largest companies on the S&amp;P 500 by market cap–ahead of even media mainstays like Walt Disney <a rel="noreferrer noopener" href="https://www.forbes.com/companies/walt-disney" target="_blank">DIS</a> <a href="https://www.forbes.com/companies/walt-disney">-2%</a>, Comcast <a rel="noreferrer noopener" href="https://www.forbes.com/companies/comcast" target="_blank">CMCSA</a> <a href="https://www.forbes.com/companies/comcast">-2.7%</a> and AT&amp;T.



<h3 class="has-text-align-center">60%</h3>



Netflix shares have soared more than 60% since the beginning of the year. To compare, the S&amp;P 500 is up just 6.5% in 2020. The firm&#8217;s billionaire cofounder and CEO, Reed Hastings, has gotten nearly $2 billion during the pandemic. The 60-year-old, who launched Netflix as a DVD subscription service in 1997 and owns roughly 1% of its shares, is now worth about $5.4 billion.



<h3 class="has-text-align-center">195 Million</h3>



That&#8217;s the number of paid subscribers analysts expect Netflix will report on Tuesday, up 2.5 million quarter to quarter and in line with the firm&#8217;s latest guidance. Netflix said in July that it added 26 million subscribers during the first half of the year (10 million in the first quarter and nearly 16 million in the second) as homebound consumers facing government-mandated quarantine orders turned to the streaming giant–and away from movie theaters and live shows–for entertainment. That increase could even prove conservative, noted investment research firm CFRA on Monday, reiterating its buy rating on Netflix shares and adding that the firm could be bolstered by an increase in subscribers from international markets.



<h3 class="has-text-align-center">$6.4 Billion</h3>



Analysts are expecting Netflix will pull nearly $6.4 billion in third-quarter revenues, up more than 20% from the same period last year. The company&#8217;s also expected to report earnings of about $2.13 per share, down from $1.47 per share last year on heightened costs amid the pandemic.&nbsp;



<h3 class="has-text-align-center">$670</h3>



That&#8217;s the price target Bank of America <a rel="noreferrer noopener" href="https://www.forbes.com/companies/bank-of-america" target="_blank">BAC</a> <a href="https://www.forbes.com/companies/bank-of-america">-2.1%</a> issued on Friday for Netflix, up nearly 17% from a prior target of $575 and representing the highest Netflix price target on Wall Street. Despite near-term uncertainties around second-half subscriber growth–and a <a href="https://www.forbes.com/sites/carlieporterfield/2020/10/12/netflixs-sarandos-defends-cuties-calling-the-controversial-film-misunderstood/">highly criticized</a> movie release, Bank of America said it continues to see the acceleration in Netflix subscriber growth during the first half of the year as a &#8220;permanent benefit.&#8221; Netflix&#8217;s average price target from 39 analysts covering its stock is about $527–within 1% of current prices.



-By Jonathan Ponciano, Forbes Staff

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