8 BUSINESS Daily Dispatch, T h u r s d a y, July 12, 2012

C M Y K

Sharename Sale %MoveS E A KAY 3 50.00 %AT L ATS A 200 25.00 %CENRAND 11 22.22 %TAWA N A 28 7.69 %PHUMELELA 900 7.14 %ISA 85 6.25 %ELLIES 568 5.19 %

Sharename Sale %MovePA L L I N G - N 1 -50.00 %DON 10 -16.67 %UBUBELE 45 -10.00 %WESIZWE 73 -8.75 %WEARNE 11 -8.33 %S EC DATA 55 -8.33 %GBGOLD 500 -8.09 %

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Name RP % MoveDJ Futures 12606.00 -0.51 %DJ Ind 12653.12 -1.89 %SP 500 1341.47 -0.97 %Nasdaq 2902.33 0.01 %FTSE 100 5650.37 -0.24 %DA X 6445.04 0.90 %C AC 4 0 3159.34 -0.51 %Nikkei 8851.00 -0.08 %Shanghai 2175.38 0.51 %Hang-S eng 19419.87 0.13 %All Ords 4135.00 -0.07 %NZSE 50 3478.84 0.41 %Gold R 12922.24 0.40 %Silver 26.9720 0.77 %Platinum 1422.00 0.07 %Brent Crude 98.92 -0.31 %

R/Australian $ ................................... 8.36R/Botswana Pula .............................. 1.07R/Brazilian Real ................................ 4.04R/British £ ....................................... 12.78R/Canadian $ ..................................... 8.05R/Chinese Yuan ................................. 1.30R/Euro à ........................................ 10.07R/Indian Rupee ................................. 0.15R/Japanese Yen.................................. 0.10R/Kenyan Shilling ............................. 0.10R/Namibian $ .................................... 1.00R/New Zealand $ .............................. 6.54R/Russian Rouble .............................. 0.25R/United States $ ............................. 8.21

JOHANNESBURG – Ye s t e r d a y ’s closingexchange rates, as supplied by StandardBank: (R/, R/ and R/US, other rates perrand.) These are the banks selling ratesy e s t e r d a y.Business

Sharename Sale %MoveFO N E W O R X 105 5.00 %AQ U A R I U S 539 3.65 %OANDO 90 3.45 %INSIMBI 66 3.13 %LITHA 367 3.09 %AM ECO R 216 2.86 %ANNUITY 560 2.75 %

MAJOR MOVES UP MAJOR MOVES DOWN

Sharename Sale %MoveS E K U N J A LO 65 -7.14 %SENTULA 174 -5.95 %1TIME 16 -5.88 %M I R A N DA 17 -5.56 %T E L E M AST R 95 -5.00 %CO A L 420 -4.98 %BWI 67 -4.29 %

Art retreats to HamburgCentre will use creativity to tackle local ‘hopele ssne ss’

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ARTISTIC OUTLOOK: Artists at the Hamburg Artists’ Retreat will work from studios like this one which have some of thebest views available on the Eastern Cape coastline Picture: MIKE LOEWE

By SIYA MITIBusiness Reporter

JONATHAN Goldberg walked away with theBusiness Person/Entrepreneur of the Yearaward at the annual Absa Jewish Awards ce-remony held at a gala event at the Sandton Sun

recently. Goldberg is the founder of Global Busi-ness Solutions, a national labour law, humanresources, Broad Based Black Economic Em-powerment (BBBEE) and business consultancy.

He has shares in various companies employingmore that 300 people.

Goldberg’s business interests extend to prop-erty investments, solar energy and food chem-icals.

He holds shares, directorship or office in morethan 30 business enterprises across SouthAfrica.

A management buyout of Dow Chemicals gavehim shares in the company now called SegenChemicals, which exports to 30 countries andturns over R800-million per year.

Goldberg has been a shareholder and chair-man in the food acids company which suppliesfood manufacturers all over the world, since2004.

“We export to 30 countries around the worldbut the company runs operations in Durban andwe have a plant in Johannesburg.

“Some of our clients are Coca-Cola and PepsiCo l a , ” said Goldberg.

Goldberg’s Global Business Solutions, whichhas six offices around the country including inJo h a n n e s b u r gand CapeTown, is ratedat Level 1, thehighest of theBBBEE ratingscale.

Goldbergstarted GlobalBusiness Solu-tions Mthathain 1989, wherehe opened upthe first GlobalBusiness Solutions office.

Armed with a law degree, Goldberg’s bold nextstep was taking an opportunity to representemployers in the former Transkei versus labourexperts representing Cosatu.

“I was fresh out of varsity when I representedemployers in drafting labour legislation inTranskei. Cosatu was represented by top labourlaw experts.

“The only labour law books I had were writtenby those guys,” Goldberg recalled with laugh-t e r.

Goldberg received his education from some ofSouth Africa’s finest learning centres, havingattended Kingswood College, an exclusive pri-vate school in Grahamstown, and studied law atStellenbosch University.

Although he graduated top of his class in 1988,Goldberg admits that his university career had adifficult start.

He said although getting the right educationlays the foundation for success, hard work andmaximising one’s potential are the main in-gredients for success.

“In the end I really applied myself so the lastpart of my law degree went well,” said Goldberg,who also holds an MBA degree.

He said tackling the nuts and bolts in theeducation system would be what closed theinequality gap in South Africa over time.

“You can speak second transition but if youcan’t inspire youngsters to learn, it’s pointless.Access to finance for education is also pro-h i b i t ive , ” said Goldberg.

He attributed his success in business to therelationships he has built along the way, addingthat he chose business partners with know-howin the different sectors he invests in. —siyam@dispatch.co.za

Secrets of success frombusinessman of year

‘You can speaksecondtransition butif you can’tinspire kids tolearn, it’spointless

By MIKE LOEWEChief Reporter

A RTISTS at the National ArtsFestival in Grahamstownhave been turned on to

Hamburg’s unique R34-milliona r t i st s ’ retreat which is nearingcompletion and is expected to openits doors in September.

Last Thursday, about 30 artistsand art administrators took a bustrip from the Grahamstown festivalto the retreat for their first look atwhat is expected to become a vi-brant source of African art acrossmany genres, from music, to tele-vision, crafts and fine arts.

Development agency Aspire hasbeen the driving force behind thelarge complex, which stretchesacross a coastal hilltop overlookingthe plains of the winding Tyolom-nqa River. The sunset vista is oneof the best on offer along theEastern Cape coastline.

The retreat forms the mainthrust of a R50-million national andprovincial government project to

regenerate and uplift the seasidevillage and surrounding settle-ments.

Locally, the retreat falls underAmathole District Municipality(ADM), with Ngqushwa LocalMunicipality serving as theimplementing municipality, butfunding has been received from thenational departments of treasury(R20.9-million) and tourism (R14.2-million).

Aspire project manager AileenPuhlmann said the free bus ridewas organised a day after she helda networking and information ses-sion in Grahamstown.

Puhlmann’s presentation of pho-tographs and the socioeconomicbackground of the project, was in-cluded on the programme of thef e st iva l ’s annual small businessHands On, Masks Off trainingcourse for artists. Her talk wasattended by about 30 people, in-cluding the National Arts Festival’sdirector, Ismail Mohamed.

Puhlmann said: “The reception[of the artists] was awesome. Is-

sues raised were around the ben-efits of the retreat to the locals, towhich we responded that it’s at theheart of the project.”

Mohamed told the Dispatch theretreat was an exciting develop-ment for the province, and waspart of a success story of artists’retreats around the world, inclu-ding one in Johannesburg.

“It’s also an exciting developmentfor the Eastern Cape because it isso close to Grahamstown. Reallygood partnerships can be devel-oped with artists coming to Gra-hamstown, who can go to the re-treat to work.

“There is support from founda-tions, corporations and internatio-nal agencies who are investing inarts and culture, but it needs morevision – in the same form – fromthe provincial government.”

Mahomed said artists at the Na-tional Arts Festival, especiallythose attending the workshop, andwho took the tour, had been veryinterested. “There is a hunger tosupport the retreat and without

doubt there will be artists who usethe retreat to prepare for the nextNational Arts Festival.”

The Dispatch visited the complextwo weeks ago. A smarter redesigna few years back has resulted in 22self-catering north-facing rooms innine flats and a series of multi-purpose studios.

The flats are spacious and thestudio views in each unit are stu-pendous. Puhlmann has said aphased-in opening of accommoda-tion units and three main complexbuildings will start in September.

One local group sure to benefitfrom the retreat is Hamburg’s ac-claimed Keiskamma Arts Trust,which employs more than 100 wo-men and has a proud history ofselling craft products locally andab r o a d .

On Sunday, the KeiskammaMusic Academy, which is linked tothe trust, won one of only threeEncore! National Arts Festivalawards for making a noteworthycontribution to the fringe. —mikel@dispatch.co.za

Broad selloff as bourse looks to USTHE JSE ended weaker yesterday in abroad-based market selloff as investorslooked to the Federal Open MarketCommittee (FOMC) minutes for someguidance about potential furtherstimulus measures in the US.

At the close, the all-share index wasdown 0.81% to 33 724.69 points‚ with re-sources losing 1.29%‚ gold shares 2.45%and platinum counters 1.07%.

Financials gave up 0.27%‚ bankingstocks fell 0.42% and industrials lost0.72%.

The rand was trading at 8.23 to thedollar from 8.19 at Tuesday’s close‚

while gold changed hands at $1 576.45 atroy ounce from $1 585.98/oz andplatinum at $1 423.70/oz from$1 435.50/oz.

“The faltering global economicgrowth scenario is the dominanttheme‚ as investors continue to digestthe unfolding US second quarter cor-porate earnings data‚” said a Johan-nesburg market analyst.

“The FOMC minutes will givemarkets direction in the short-term‚followed by China’s second quarterGDP numbers‚ which are due onF r i d ay. ” — I-Net Bridge