I remember a few months ago when local rankings pitted the University of Cape Town and the University of the Witwatersrand together, and Wits ended up ranking higher than UCT, a lot of my peers and their inflated egos where either feeling like they’ve been cheated (the Ikeys) or they just own the world (Witsies). Although UCT ranks higher on international rankings compared to it’s Johannesburg-located counterpart, I still don’t get the hype about these rankings. Let me be honest though, my feelings towards things have only recently changed when I started seeing how different the workplace is compared to school.
I’ve studied at both UCT and Wits, without much success as yet, but I’m getting there, so I tend to be indifferent between either school. This post is about two things – (1) the recent rankings of the World’s Top 100 Universities for Producing Millionaires, and (2) a study by my future employer or client, McKinsey & Co. relating to professions. According to the latest rankings, Wits produces more millionaires than UCT. The little I can add to this is what my uncle, a Wits alumnus himself once said to me, “If you want to be big in research, go to UCT, but if you want to be big in business, go to Wits,” or something along those lines. This sentiment was further clarified by the findings of last weekend. UCT had a way bigger post-grad research budget that Wits, and is cited on more of the world’s leading research publications. Wits on the other hand, churns out people to work, work, work, which is not unexpected given that it is in Jo’burg.
The study by McKinsey, which I will update a link below as soon as I find the PDF on my iPad concluded that one’s undergraduate degree matters more that the actual qualification to get you an entry into the world’s biggest and best companies, and the highest paying professions. It’s then up to you to prove that you are “better” than your colleague who went to the University of Johannesburg for example. I have only been working full-time for just about a year now and I can relate to that finding in Cape Town. However, that is a completely different story in Johannesburg where a lot of career-successful people have a qualification from anywhere and what matters is what you can do. In other words, unlike what McKinsey said, preference in the City of Gold is bias to those who can actually do the job, instead of a BA Social Services graduand training to be a Marketer for example. The report continues to say that over the long-run however, where you studied matters way less than what you have achieved in your profession over the decade or two that you’ve invested in being whatever you’ve been. Of course these are just my assumptions, and they could be totally wrong but well, I feel like my opinion matters.
Now because I really cannot choose between Wits and UCT, I’ve compiled a list of both universities’ alumni who rank on the Forbes list of the World’s Billionaires and World’s Most Powerful Women and came up with this.
Patrice Motsepe – Wits – Industry: Mining
Desmond Sacco – Wits – Industry: Mining
Koos Bekker – Wits – Industry: Media/Technology
Patrick Soon-Shiong – Wits – Industry: Medicine
Ivan Glasenberg – Wits – Industry: Mining
Gail Kelly – Wits and UCT – Industry: Banking
Her vagina was on my face! It’s been almost two weeks now since Rihanna was in South Africa, and since her Cape Town leg of the Diamonds World Tour, Robyn I’m So In Love With Her But I WILL NOT Stan Fenty, has gone to Porto Rico, etc. To date, the tour has grossed almost $100 million. At today’s (05 November 2013) Rand/Dollar exchange rate that’s almost a billion rand! It’s thrilling to know that my friends and I, and other Navy contributed to that hundred milli, even if it was just a lil. What we put in more was the love, the screams, the thirst, i.e. I Would So Sleep With Her, and sing along that occurred prior, during and after the show.
Of course, inasmuch as the show was the best live concert I’ve ever been in, there are a few songs I really wanted to hear but didn’t. (1) Mother Mary from the current Diamonds album, and (2) Drunk On Love from Talk That Talk.
Whilst giving praise to the incredible performance Riri gave us, I can’t help but be concerned that this bad bitch here is coming for Madonna’s wig, yes, the Queen! Madge remains my favourite pop star, and although I don’t know what the heck happened with the MDNA album, the tour was beyond a success, which is really nothing unexpected. At over $300 million in gross earnings it is the biggest ever tour by a female artist, and only rivalled by…Madonna’s Sticky and Sweet tour. I still have so much hope that Madonna will give me something great to end her career with the next album or two. This will allow the likes of Riri to smash good ol’ Madge’s records without us fans feeling like she and Bey wanna take the Queen’s title.
All in all, I would pay to see Rihanna live again, but in the meantime, I’m ready for Sports Minister, Fikile Mbalula to get Bey to South Africa.
Reality Shows on TV are so big that there’s even a show called The Biggest Loser. The aim of these elephants and rhinos is to lose weight, it’s that simple. In the not so distant world of cars, there are also winners and losers as well. No, we’re not talking about a Pimp My Ride kind of show where a bakkie is transformed into a nice hatch, but we’re talking about cars losing money, and a lot of it!
Some car models don’t make money because they are (1) ugly and no one wants to buy them, or (2) they are expensive to maintain and therefore car buyers opt for alternatives that are easier on the pocket, or (3) the car is so expensive that there was not even the slightest chance the manufacturer was hoping to make a positive return on investment (ROI).
These are the Top 10 Biggest Money-Losing Cars
Smart ForTwo - €3.3 billion (R42.9 billion)
Fiat Stilio - €2.1 billion (R27.3 billion)
Volkswagen Phaeton - €1.9 billion (R24.7 billion)