The Man Who Controls Africa’s Largest Pool of Capital | Issue 135

Patrick Dlamini oversees R3.5 trillion ($204 billion) — the pensions of 1.2 million South Africans and a lever over the companies and infrastructure the continent runs on. How he deploys it, at home or abroad, will shape African wealth for a decade.
Also in this edition:
— Dangote’s fertiliser paradox — building the world’s largest fertiliser plant while Brazil, not the African farmer, is the biggest buyer.

— $40 billion a year, out of Africa’s mines — the mostly legal mechanisms draining a continent that holds a fifth of the world’s mineral wealth.

— Affiong Williams, ReelFruit — the founder who built a global brand by first building everything Nigeria assumes already exists.

— The Last Word: “Keep the capital at home,” say the people with offshore accounts — who really drains African wealth.

— Week in Numbers, Radar & the trends worth watching.