Entrepreneurial secrets from two of South Africa’s greatest business builders

The Monaco final of EY’s World Entrepreneur of the Year event is once more upon us. Incredibly, it’s a decade since the late Bill Lynch won the title back for Imperial Holdings. This year there are two South Africans closely involved – Clover’s CEO Johann Vorster is the contender; Ivan Epstein, SA winner in 2 000, is a judge.

Got some entrepreneurial insights of my own yesterday from two South Africans who, if entered in the EY competition, would be worth a small bet to follow Lynch’s example.

Markus Jooste provided an update on the incredible Steinhoff story including the inside track of his two recent contested takeover bids that shook up Europe’s retail sector. Then Belron CEO Gary Lubner explained how the one-time foreign offshoot of PG Glass has become the world’s biggest repairer and installer of damaged windscreens, a R50bn a year, 26 000 employee giant.

Transcripts of those interviews will be shared on Biznews later today. You may be surprised to see how these very different personalities have such a similar approach.

Both believe their success stems primarily on the way they’ve built and maintained relationships; both prefer having a small slice of a massive pie rather than all of a smaller one; and both still tap dance to work every day after decades serving their companies. Uplifting and inspirational. Perfect for a Friday.

* For more in-depth business news, visit biznews.com or simply sign up for the daily newsletter.

ZAR/USD
16.69
(+0.69)
ZAR/GBP
21.06
(+0.73)
ZAR/EUR
18.96
(+0.22)
ZAR/AUD
11.65
(+0.18)
ZAR/JPY
0.16
(+0.99)
Gold
1804.94
(+0.28)
Silver
19.14
(+2.06)
Platinum
842.00
(+2.24)
Brent Crude
43.03
(0.00)
Palladium
2037.50
(+3.92)
All Share
56104.76
(+1.24)
Top 40
51775.72
(+1.22)
Financial 15
10692.90
(+2.11)
Industrial 25
76693.01
(+0.73)
Resource 10
53292.56
(+1.54)
All JSE data delayed by at least 15 minutes morningstar logo
Company Snapshot
Voting Booth
Please select an option Oops! Something went wrong, please try again later.
Results
I'm not really directly affected
18% - 1997 votes
I am taking a hit, but should be able to recover in the next year
23% - 2609 votes
My finances have been devastated
35% - 3906 votes
It's still too early to know what the full effect will be
25% - 2801 votes
Vote