Tag: Herman Mashaba

Herman Mashaba: Why Ramaphosa has missed the economic opportunity

The South African government spends nearly 50 per cent of its budget on social grants, education and health and yet according to a new World Economic Forum report says South Africa is one of the worst performers in terms of social mobility- thanks largely to the poor outcomes in education, health and employment. Former Johannesburg Mayor Herman Mashaba spoke with CNBC Africa reporter Karabo Letlhatlha for more.

The life and wisdom of business doyen Richard Maponya

He was one of the big names in business in Africa; as gentlemanly. as he was shrewd. He fought the odds and apartheid to stake his place in business and inspire millions of his countrymen to do the same.

Richard Maponya – A beacon of hope to millions

Sad news breaking this morning. Richard Maponya – an icon of black businesspeople in South Africa and beyond, died in the early hours of this morning. Maponya was one of the trailblazers in his country who inspired generations to fight for a place in business. Maponya’s was born in the tiny township of Lenyenye in Limpopo in northern South Africa. He moved across the province to Polokwane where he trained as a teacher. Like many young men of his day he journeyed south to Johannesburg in search of work. The then apartheid laws were stacked against him but Maponya, with sheer grit and determination, worked his way up in business regardless. He started with butcheries and grocery stores and crowned it with opening up Soweto’s first shopping mall at the dawn of democracy in 1994. In a colourful life he dined with the Queen and could count friends from Bill Clinton to Nelson Mandela and Nicky Oppenhiemer. One of his many friends, former Johannesburg Mayor Herman Mashaba joins CNBC Africa to talk about the legacy of Richard Maponya.

Ivor Sarakinsky: DA crisis? What crisis?

The main opposition party in South Africa has lost three main leaders in its party. Several more members of the party have crossed the floor in KwaZulu-Natal to the leading party, the ANC. The questions that remains on many South Africans minds now, is where to from here for the DA? Joining CNBC Africa for more is Dr Ivor Sarakinsky, Wits School of Governance.

Where to now for the Democratic Alliance?

Yesterday evening South Africa’s main political opposition leader, Mmusi Maimane resigned as the head of the Democratic Alliance. His resignation comes just three days after the Johannesburg mayor Herman Mashaba announced his resignation from the party. Political Analyst Dr Dale McKinley joins CNBC Africa for more.

Zille in Mashaba out exposes DA’s deep fractures

It took him more than half a century to get into politics and just over three years to get out of it. Businessman, Herman Mashaba, surprised many when he joined the official opposition, the Democratic Alliance on his way to become mayor of Johannesburg, one of Africa’s biggest and richest cities. He tried a number of reforms and survived votes of no-confidence in him and the shaky alliance with the eff. The election of former party leader, Helen Zille to a powerful post signalled the end. CNBC Africa's Karabo Letlhatlha filed this report.

Joburg Mayor Herman Mashaba resigns

The leader of one of the biggest and richest cities in Africa has stepped down amid political wrangling. Businessman turned politician Herman Mashaba who surprised many when he went into politics, says he could no longer stomach his position and wanted to go rather than being pushed. Mashaba resigns as a both the mayor of Johannesburg and a DA member, But what happens now to the business projects that he was driving in Johannesburg .CNBC Africa's Karabo Letlhatlha reports.

Alexandra residents threaten to shut down Sandton in protest

Hundreds of angry protesters are banging on the door of Africa's richest square mile. The residents of Alexandra Township, a stone throw away from the business district in Sandton have marched in protest at their township being allowed to crumble by authorities. CNBC Africa’s Lubabalo Mashiqana spoke to Councillor Adolf Marema.