Published 23 November 2016 at 11:29am by Helen Herimbi, Independent Online

When a human being turns 18 years old, it is seen as a coming of age.

They usually finish their formative school years at that age. They join the struggle that we all now know as adulting. They are even finally able to legally imbibe. When the Cape Town International Jazz Festival (CTIJF) turns 18 next year, the world-renowned fest will have grown in leaps in bounds. Probably at a speed more impressive than a human being.

One of the ways in which that is evident is in the way the festival disregards trends and follows the heart of the music through its line-ups. Billy Domingo, who is the CTIJF’s director, said: “We are undergoing a musical renaissance, when different musical genres and performers are collaborating to create new sounds for new audiences who may come from different walks of life, but who all appreciate what music has to offer.

“The Cape Town International Jazz Festival has led the live musical journey on the African continent for the past 17 years, and now in our 18th, we are continuing to showcase new talent, new sounds, while staging them alongside music masters.

“I couldn’t be happier with this line-up as it’s a reflection of where we have come from, where we are now and where we are going.”

The much-anticipated announcement of the first batch of acts that will grace the various stages at CTIJF took place yesterday in Sandton.

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Published 17 Novmeber 2016 at 07:05am by Dineo Faku, Independent Online

JSE-listed African Equity Empowerment Investments (AEEI) was preparing to list its Premier Food and Fishing division on the JSE main board by the first quarter of next year, the company said yesterday.

AEEI chief executive Khalid Abdulla said yesterday: “The division has shown consistent organic growth over the past five years, through achieving annual growth of more than 20 percent year on year. The time for acquisitions has come.”

Premier Food and Fishing will be competing against the sole JSE-listed fishing firm, Oceana – which is valued at R15.57 billion – under the JSE’s food producers index, which includes company peers such as Tiger Brands, as well as Sovereign Food.

Abdulla said the listing signalled an exciting phase for Premier Food and Fishing, which specialises in the harvesting, processing and marketing of fish and fish-related products, from rock lobster to general food products.

“We are excited… to show that we are building stakeholder value, which includes community building,” he said.

AEEI, formerly known as Sekunjalo Investment, is a black-owned investment holding company, whose main objective is to empower previously disadvantaged individuals through creating jobs and maximising shareholder wealth generation by making strategic investments.

Yesterday, AEEI kicked off a market sounding roadshow, which is due to end today.

“AEEI is optimistic about the outcome of the market-sounding roadshow and will be sharing pertinent details of the next phase with the market at the appropriate time,” Abdulla said.

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Published, 21 October 2016 by Adri Senekal, Business Report at 10:03am

Daniel Matjila, the chief executive of the Public Investment Corporation (PIC), winner of the African Institutional Investment Personality of the year Award in New York last month, questions the objectives of some journalists and politicians regarding the PIC’s investments in unlisted South African firms.

“These attempts aim to undermine the professional decisions of the PIC and our management teams,” he says.

The PIC has a triple bottom line mandate which is growing the value of investments, transforming the South African economy and investing in sustainable green projects.

The PIC tabled details of its unlisted investment portfolio of R47 billion in Parliament this week, and strangely the only investment that was highlighted was the PIC’s investment in Independent Media.

The media landscape is regarded as highly influential, and cannot be divorced from the overall turbulence that the country is facing. The PIC invested substantially in media companies over the years and Independent Media is just but one of the investments.

Multiple investments

Matjila points out that the Independent Media investment is aligned to the PIC’s objectives of transforming the ownership of media houses from foreign to black-owned.

He finds it bizarre, but not surprising, that competing media companies are criticising the PIC’s investment in Independent Media while it is known that the PIC supported transformation of Times Media.

“The PIC’s investments are done with detailed due diligence processes and a clear understanding of the sectors we chose to invest in. Our media investments are no different,” he argues.

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