Motsepe welcomes Forbes mag to Africa

2011-10-03 16:20
Clayton Morar
Johannesburg - Businessman and mining magnate Patrice Motsepe has landed yet another big honour to his long list of credentials.

Motsepe, who topped the Sunday Times' Rich List this year, will feature on the cover of the inaugural edition of Forbes Africa Magazine - which was launched this week at Montecasino inn Johannesburg. The magazine is currently on sale around Africa.

Forbes is regarded as the world's leading business media brand, reaching more than 4.3 million influential readers via publications in ten languages in more than 100 countries.

With the launch of Forbes Africa, it becomes the 16th local-language edition of the Forbes franchise, with English-language distribution in South Africa, Nigeria, and Kenya.

The magazine will be published and distributed via ABN Publishing and will partner with Africa Business News and TV station CNBC Africa to provide the best content in the world of business and economics.

A huge honour

Motsepe said it was "a huge honour" to feature on the cover of the prestigious magazine, which is set to highlight “the entrepreneurial spirit of the continent of Africa”.

He said: "The people that will feature on this list, some of them reflect just how excellent entrepreneurship has become in Africa."

Motsepe is estimated to be worth R23bn and has previously featured on the international Forbes World Billionaires list, placing 503rd in 2008.

Entrepreneurial spirit of Africa

Forbes Africa Managing Editor, Chris Bishop, said, he was honoured to head up Forbes Africa Magazine.

"Our vision is to build a powerful stable of brands bearing business content. Forbes Africa brings a new dimension to this. It is a pan-African magazine that will examine and analyse the rise of the entrepreneurial spirit in the continent," said Bishop.

Bishop has been with CNBC Africa for the last two years working on in-depth analysis of several sectors and has a detailed understanding of the business and economic news environment from around the continent and understands the broad vision and culture of the media holding company.

He will be responsible for optimising synergies between the two brands.

So many stories to tell

"Initially we had a print run of 15 000 but we've more than doubled that and increased our initial print run to 38 000 for the launch edition. There are so many stories to tell about the people from Africa and we will aim to be accurate, credible, honest and also delve into giving all sides of the story," he said.

Bishop admitted there was talk of having two entrepreneurs on the cover, instead of only Motsepe.

"He was a natural choice even though we toyed with the idea of having two people featuring on our launch edition. When Mr Motsepe agreed, he was a pleasure to work with and opened his home to us and certainly made a great feature to read for the launch edition."

Clayton Morar is a celebrity expert and autograph hunter. See his exploits here.