Opportunity - Issue 94
Quarterly journal for business and industry in South Africa Business unusual It has been estimated that the economy will take two to three years to recover from Covid-19 and the subsequent economic collapse. From now to there, the journey will indeed be business as unusual. My pledge, as the new editor of Opportunity magazine, is to provide cutting-edge content that guides our readers on how to rise above the current business trajectory and to circumvent the consequences that are now laid before them. In this issue, Mike Townshend from Foord Asset Management writes, in ‘The evolving politics of oil’ (page 8), that oil has caused wars, assassinations, man-made disasters, coups and still affects every person in the world today. On page 10, Rebecca Major from leading global law firm, Herbert Smith Freehills, shares her insight on how to navigate African oil and M&A deals in these volatile times. Both of these writers will present more on these topics at Africa Oil Week. The transport services sector has been severely affected by the pandemic, but help is at hand. Digital transformation is set to disrupt the sector – technology has transformed the railway industry globally and implementing technological innovations could be a game-changer for rail transport in South Africa. Read more on page 17. Celebrating Women’s Month in August, Opportunity interviews the newly appointed CEO of Petroleum Agency South Africa, Dr Phindile Masangane (page 12), as well as founder and owner of Nemesis Accounting, Shani Naidoo (page 14). The South African Chamber of Commerce and Industry (SACCI) has a pivotal role to play in guiding the business of its 22 000 members. The Chamber believes that businesses should actively engage in the strategic and recovery implementation processes towards inclusive growth – read more in the CEO’s message on page 4. Let’s work together in building a resilient, risk-savvy and formidable nation. Alexis Knipe, Editor
Quarterly journal for business and industry in South Africa
Business unusual
It has been estimated that the economy will take two to three years to recover from Covid-19 and the subsequent economic collapse. From now to there, the journey will indeed be business as unusual. My pledge, as the new editor of Opportunity magazine, is to provide cutting-edge content that guides our readers on how to rise above the current business trajectory and to circumvent the consequences that are now laid before them.
In this issue, Mike Townshend from Foord Asset Management writes, in ‘The evolving politics of oil’ (page 8), that oil has caused wars, assassinations, man-made disasters, coups and still affects every person in the world today. On page 10, Rebecca Major from leading global law firm, Herbert Smith Freehills, shares her insight on how to navigate African oil and M&A deals in these volatile times. Both of these writers will present more on these topics at Africa Oil Week.
The transport services sector has been severely affected by the pandemic, but help is at hand. Digital transformation is set to disrupt the sector – technology has transformed the railway industry globally and implementing technological innovations could be a game-changer for rail transport in South Africa. Read more on page 17.
Celebrating Women’s Month in August, Opportunity interviews the newly appointed CEO of Petroleum Agency South Africa, Dr Phindile Masangane (page 12), as well as founder and owner of Nemesis Accounting, Shani Naidoo (page 14).
The South African Chamber of Commerce and Industry (SACCI) has a pivotal role to play in guiding the business of its 22 000 members. The Chamber believes that businesses should actively engage in the strategic and recovery implementation processes towards inclusive growth – read more in the CEO’s message on page 4.
Let’s work together in building a resilient, risk-savvy and formidable nation.
Alexis Knipe, Editor
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ontents<br />
ISSUE <strong>94</strong> | AUGUST–OCTOBER 2020<br />
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10<br />
12<br />
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17<br />
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SACCI FOREWORD<br />
The impact of Covid-19 so far<br />
NEWS & SNIPPETS<br />
What has been and what’s to come<br />
THE EVOLVING POLITICS OF OIL<br />
Uncovering the uncertain path of oil price recovery<br />
A PERFECT STORM<br />
Negotiating African oil and M&A deals<br />
EXPLORING SOUTH AFRICA’S MANY PROSPECTS<br />
Interview with Dr Phindile Masangane, CEO of PASA<br />
GAINING YOUR COMPETITIVE EDGE WITH NEMESIS<br />
Interview with Nemesis Accounting founder, Shani Naidoo<br />
TECHNOLOGY: TRANSFORMING RAILWAY TRANSPORT<br />
The implementation of wheels on rails is changing<br />
THE ROOT TO THE FUTURE OF AFRICAN MOBILITY<br />
A profile on rail infrastructure provider, Mathupha Capital<br />
TOGETHER WE CAN<br />
Tshepo Kgare, ACEO of Railway Safety Regulator, shares insights on railway safety<br />
ARE YOU MISSING OUT ON THE TRUE POTENTIAL OF AI?<br />
Understanding the impact of Artificial Intelligence<br />
BECOMING RISK-SAVVY<br />
Post-pandemic procurement<br />
A NEW ORDER OF MAGNITUDE<br />
Covid-19 tests supply chain resilience<br />
COVID-19 AND ITS IMPACT ON E-COMMERCE<br />
The pandemic has pushed e-commerce and supply<br />
chain issues to the top of the CEO agenda<br />
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12<br />
22<br />
28<br />
30
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