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“When we started this business it was always with 2010 in mind, because the spotlight is on South Africa for the World Cup,” said Cuffe, 34, who in 2005 founded Heritage Link Brands, a Los Angeles-based company that imports wines produced by black South Africans.

‘Despite the challenges, Cuffe remains true to her original goal of running a business that incorporates the broader agenda of changing peoples’ perceptions about Africa and promoting black South African entrepreneurs. To emphasize this point, Cuffe said it was transplanted vines from South African that started the Australian wine industry in the early 1700s.’

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‘With minutes to go until his exclusive negotiating window was to expire, Jordan struck a deal late Friday night to buy controlling interest of the Charlotte Bobcats, putting the six-time NBA champion in charge of the money-losing team in his home state.

Owner Bob Johnson announced in a statement that he’s agreed to sell the Bobcats to Jordan, who has been a part-owner of the team since 2006. Jordan has been running the team’s basketball operations.’

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‘China and India get all the headlines for their economic prowess, but there’s another global growth story that is easily overlooked: Africa. In 2007 and 2008, southern Africa, the Great Lakes region of Kenya, Tanzania, and Uganda, and even the drought-stricken Horn of Africa had GDP growth rates on par with Asia’s two powerhouses. Last year, in the depths of global recession, the continent clocked almost 2 percent growth, roughly equal to the rates in the Middle East, and outperforming everywhere else but India and China. This year and in 2011, Africa will grow by 4.8 percent—the highest rate of growth outside Asia, and higher than even the oft-buzzed-about economies of Brazil, Russia, Mexico, and Eastern Europe, according to newly revised IMF estimates. In fact, on a per capita basis, Africans are already richer than Indians, and a dozen African states have higher gross national income per capita than China.’

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“Having of late been exposed to some of the work he does for the poor of our land with the profits he makes from his mining ventures, I understand why he has no problems with the idea of nationalising mines. He is what I understood President Thabo Mbeki was hoping for when he promoted the notion of a black middle class, but which Mbeki never managed to quite realise – a patriotic bourgeoisie.”

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Jamaican born entrepreneur Anita Witter, founder of Jewel Isle Rum Punch gives advice to entrepreneurs.

‘People make a profit off your naivety because they know you have not done the research that is necessary to grow your business. If you don’t do the work you are leaving yourself open to being exploited, incurring unnecessary debt and a lot of bad feelings.’

She added ‘Don’t assume that because you provide a well known cultural product that you will get the support from your community.

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South African mining magnate Patrice Motsepe’s African Rainbow Minerals (ARM) group says it is looking to invest in Zimbabwe’s lucrative platinum sector that holds the world’s second largest deposits of the precious metal after South Africa.

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In Accra, a CD salesman follows a slow-cruising sound truck, hawking a new gospel record.

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It’s Mr. Dash’s own reality, where he is the unchallenged philosopher king. And to go along with it, he’s concocted his own business model. “Every business model created before the recession is defunct because it’s based on a healthy economy,” Mr. Dash explained. “Now there’s a new economy, all these business models are completely brand-new.” But he added, “We’ll make money, though—we gonna pay the bills.”

This is exactly what he’s always wanted, he continued, gesturing at the people around him. After years of compromising, he said, “it’s finally me.”

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According to a recent study, the percentage of blacks in America is growing and so is the amount of money blacks have available to spend on goods and services.