...has also been a significant transitional year for South Africa’s economy. As stated in the Economist (2010) South Africa is the biggest economy in Africa; furthermore, the World Bank has ranked South Africa as an upper middle-income economy (which accounts for an income of $4,086 to $12,615 per annum) as like as Brazil and China. Additionally, taken several factors into account, the Heritage Foundation (2013) scores South Africa’s economic freedom as the 75th (out of 186) in the 2014 Index. To assess a country’s performance, one looks at its GDP development, or in particular the real GDP growth, as a main indicator for a countries performance. Figure X reveals South Africa had a substantial growth over the years except from 2009. Because of its global integrated economy, it has not been unaffected by the global crisis. Nevertheless, BRIC countries have been less affected, looking at the aggregated figures in Figure X. Figure X: Economic Indicators Source: OECD (2013) In Figure X2 you can see the diverse economy of South Africa and the key sectors roughly contributing to the GDP. Figure X2: Composition of South Africa’s Key Sectors contributing to GDP Source: Own Illustration, Statistics South Africa (2012) On the basis of the industrialization section in this paper, caused by South Africa’s de-industrialization, it failed to engage and develop the manufacturing industry as an accelerator for exporting. One of South Africa’s biggest economical challenges is the unemployment...
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...Research Proposal: A CRITICAL ANALYSIS ON THE IMPLICATIONS AND EFFECTS OF CORRUPTION IN THE SOUTH AFRICAN ECONOMY AND HOW IT CAN BE MANAGED About the writer: Tyson Thamsanqa Sibanda Rosebank College South Africa: Bachelor of Business Administration 3 (2015) Contact details; Tyson.msimanga@gmail.com 0027786500000 / 0027815993434 BACKGROUND AND ORIGIN Corruption in South Africa has been so widespread that, unless it is decisively tackled in this presidential term, there is a real danger that it will become embedded as a ‘normal’ aspect of life in our country. Once it becomes part of the ‘culture’ of our society, it will be almost unmanageable to uproot. Corruption is generally defined as the abuse of public office for private gain. It usually comes in two forms. Firstly, the alleged ‘big-time’ corruption which take place when public officials bend the rules to channel patronage to relatives, friends and associates, or accept bribes; as well when private agents bribe public officials to give them exclusive advantages or privileges. Secondly, there is the quiet corruption, which occurs when public servants purposefully neglect their duties to provide public services or goods. Quiet corruption may not involve an exchange of money, but involves providers of public services such as teachers, nurses or other government officials, twisting the rules for their own private welfares. This includes, for example, public servants, such as a minister or nurses not turning up for work when...
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...Louis Hanekom 22805885 CCMM 512 Opdrag 1 22 April 2014 Inhoudsopgawe Bladsy 1. Inleiding 1 2. Hoof uitdagings in die landbou sektor 2 2.1 Geadministreerde pryse 2 2.2 Landbou Navorsing 2 2.3 Arbeid in Landbou 2 2.4 Grondhervorming 2 2.5 Ramp Bestuur en beskerming van natuurlike hulpbronne 2 3. Hoof uitdagings in die mynbou sektor 3 3.1 Afname in produksie 3 3.2 Stakings 3 3.3 Arbeidskostes 3 3.4 Produksie kostes 3 3.5 Werksverliese 4 4. Hoe die uitdagings in die mynbou en landbou sektore Suid Afrika beïnvloed. 4 5. Oplossings vir sommige van hierdie uitdagings 5 5.1 Oplossings vir die uitdagings in die Landbou sektor 5 5.2 Oplossings vir die uitdagings in die Mynbou sektor 5 6. Impak op die sakewêreld 6 7. Afsluiting 7 8. Bronnelys: 8 1. Inleiding Met 50.6 miljoen mense is Suid Afrika die grootste land in Afrika. Suid Afrika speel ʼn groot rol in die kommoditeit markte soos globale myn en minerale bronne , en beheer ʼn driekwart van die wêreld se platinum produksie. Suid Afrika het ook groot aandele in palladium, mangaan, goud en diamante. Die Wêreld Bank reken Suid Afrika as ʼn bo-gemiddelde inkomste land, met ʼn BBP per kapita van $10.973 (2011) Die ekonomie van Suid Afrika is baie divers, en baie afhanklik van sy mynbou, landbou en toerisme. In hierdie opdrag gaan ek na die mynbou en landbou sektore kyk, en watter...
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...Globalization in South Africa Regarding the globalization of South Africa, the lifting of the apartheid policy caused a dramatic shift in the both the political and economic policies of the nation. Furthermore, this was absolutely pivotal to the growth and progression of a nation that has now become a major emerging market and one of the world’s largest exporters of metals and minerals. South Africa is a country located on the southern tip of Africa. South Africa has had a long history of colonialism under both the British and the Dutch. The discovery of diamonds and gold in this region spurred the development of the area and immigration to the region while suppressing its native populations. And while the control the empires retained over their colonies was crumbling, South Africa as a colony did as well. It was granted independence in 1931, but when the Nationalist Party took power in 1948, it strengthened the segregationist policies that were established under colonial rule. South Africa finally achieved a full democracy with the elections of 1994, the first time the black population was allowed to vote, bringing the African National Congress (ANC) to power with Nelson Mandela as its leader. This officially brought an end to apartheid and marked the beginning of new era for the country. Although South Africa was formally granted independence in 1931, the South Africa that we know today didn’t exist until early 1990’s when apartheid was lifted. The policy of...
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...Fastjet Airlines Words: Keith Mwanalushi Headwinds over South Africa In the past few years the South African domestic market has had a bumpy ride. The local airline industry has witnessed the demise of 10 out of 11 independent private airlines since deregulation in 1990. This raises the question as to how new entrants will survive. 22 FlightCom Magazine Fastjet; entering South African domestic market. A consistent theme across the global airline industry is one of poor return on investments; protected competition; low barriers to entry and the high status associated with owning an airline; an industry that is a soft target for taxes; volatile costs; labour issues as well as increased regulation. South Africa is no exception. “Airlines operating in the domestic South African market face both demand and cost pressures,” says Carlos Ozores, Principal at aviation consultants ICF SH&E. “On one hand, South Africa’s economy is growing very slowly by emerging market locally the industry is challenged by a small market; inexperienced new competitors with inadequate equipment distorting the market; regulatory oversight; monopoly suppliers; state-funded competition; challenges with fuel supply, as well as skill shortages. “The weak economy and poor consumer spend; high oil prices, excessive supplier charges and the weakening local currency all threaten the growth of local air travel. Controlling costs and increasing business ...
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...CALTEX 1 CALTEX IN SOUTH AFRICA VANESSA HARRISON-HARVEY PHI445 PERSONAL & ORGANIZATIONAL ETHICS INSTRUCTOR: KRISTINE OUZTS JANUARY 30, 2012 Running Head: CALTEX 2 Why did Caltex decide to bring their business to South Africa? Was it for profit alone? In the case of Caltex there were situations that were created by Caltex that the company should have made a decision on: (a) In 1977 the South African people believed apartheid as being cruel and definitely immoral (b) Not building the plant would open the door for a more less moral and ethical situation (c) Multinational companies also had both moral and ethical responsibility Caltex was a joint subsidiary of Texaco and Standard Oil that maintained extensive and growing refinery operations in South Africa which benefited the South African economy. The utilitarian benefits for building Caltex plant in 1977 were less important than the violations of moral rights and justice. Better living wage and better job conditions were offered by Caltex; the most important issue in South Africa was the removal of apartheid. Several arguments needed to be answered: (a) what were the moral and ethical standards regarding political systems, where corporate responsibility that has a mandate to make companies aware of their position. Standard Oil and Texaco were under no legal or even moral obligation and (b) what economic benefits could the companies bring to South Africa with economic power, the...
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...Pura Jalalon BSBA 1 The Gods Must Be Crazy 2 Characters: N!xau ... Xixo Lena Farugia ... Dr. Ann Taylor Hans Strydom ... Dr. Stephen Marshall Eiros ... Xiri Nadies ... Xisa Erick Bowen ... Mateo Treasure Tshabalala ... Timi Pierre Van Pletzen ... George Lourens Swanepoel ... Brenner Richard Loring ... Jack Lesley Fox ... Ann's Secretary Simon Sabela ... General Ken Marshall ... Convener Peter Tunstall ... Chief Game Warden Andrew Dibb ... Computer Operator Shimane Mpepela ... Man on Bike Paddy O'Byrne ... Narrator (voice) Summary: The film is split into four stories: * Xixo trying to find his lost children * Two elephant poachers traveling in a truck on which Xixo's children are stuck * A man and a woman are stuck in the desert * Two soldiers fighting each other The story starts with two elephant poachers crossing the area in which Xixo's tribe lives. Curious about their vehicle, Xixo's son Xiri and daughter Xisa climb into the water tank trailer and are subsequently taken for an involuntary ride as the poachers continue. Xixo follows the truck on foot, determined to retrieve his children. A young lawyer named Ann Taylor arrives at a bush clinic to participate in a lecture. Since she has some spare time, she accepts the invitation by a young man to take a joy ride in his two-seat, twin engined ultralight aircraft. They go to see scientist Dr. Stephen Marshall, who exchanges places with the other...
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...Since 1948, the white governments all around have built a racial segregation system called apartheid, which means separation in Afrikaans. Apartheid was developed after World War II by the Afrikaner-dominated National Party (NP). Officially should apartheid policy help South Africa's black raise their living standards, but in reality, the apartheid system wanted to make the blacks “disappear” from the white South Africa, but still have them as cheap labor reserve. Apartheid is a big problem, but who decides what people are worth? Is it not their actions, rather than their skin tone that should determine this? In the short story “the Bench” we meet a colored man named Karlie. Karlie is at a demonstration in Cape Town, South Africa, where he listened to speeches about how blacks have just as many rights as white. A specific speaker captures Karlies attention. A white woman in a blue dress is against the apartheid system and all the racial segregation. Her and the other speakers makes Karlie think a lot about if the speakers are right or wrong. Karlie is from a village in the country-side of South Africa where he works as a farmer, therefore is all these new impressions so confusing. After hearing the speeches Karlie walks to the railway station. On his way to the station, Karlie thinks about the speakers words, and when he comes to the station he sees a bench. The bench was colored white, like it was only white people that could sit on it. Karlie decides to sit on the bench...
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...BUSINESS MANAGEMENT MODULE DUE: 09 OCTOBER 2013 STUDENT: MERVYN CROUCH (213325691) TABLE OF CONTENTS Overview & Introductions Strategy Inputs The Transformation Process Outputs Summary / Conclusion INTRODUCTION Airports Company South Africa SOC Limited (ACSA) was formed in 1993 as a Public Company under the Company Act of 1973, as amended, and the Airports Company Act of 1993, as amended. Although ACSA is majority owned by the South African Government, through the Department of Transport, the Company is legally and financially autonomous and operates under Commercial Law. ACSA was formed to owned and operate the nine (9) principle South African Airports, including the three (3) main International Gateways of O.R.Tambo , Cape Town and King Shaka International Airports. As well as providing world-class, secure infrastructure for Airlines to transport people and goods. ACSA extends it responsibilities to include the promotion of tourism, the facilitation of economic growth and job creation, and the protection of the environment. The nine (9) principle airports are as follows: • OR Tambo International Airport (previously known as Johannesburg International Airport) • Cape Town International Airport • King Shaka International Airport (previously known as Durban International Airport) • Bram Fischer Airport (previously known as Bloemfontein Airport) • East London Airport • George Airport • Kimberley...
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...The Boer War -After the Jameson Raid the British government was in quandary. -Scramble for Africa reaching climax. -Alfred Lord Milner appointed governor(Cape Colony),he was most detested representative of Britain to set foot in South Africa in Afrikaaner eyes. -Milner and Kruger faced each other in Bloem,their negotiations reached an impasse that would not be resolved peacefully. -On the 11th of October 1899 the SAR and the Orange Free State were at war with Great Britain and the British empire. -The Boers had three main strong points they were,superb horsemen,skilled in weaponry and had extensive knowledge of the terrain. -However the British forces had numbers in their favour. -Boers enjoyed early success(British soldiers had to be shipped from Britain). -Tide of the war changed -The British went on the offensive and achieved notable success,capturing Johannesburg and Pretoria. -The Boer war did not end swiftly as the British expected,it carried on for another two years. -A coloured man,Abraham Esau,a blacksmith pled allegiance with Britain.He trained 100 loyal natives but was turned down twice by the military.He then became a prominent figure,the boers sought him out and flogged him mercilessly.He then fell very ill,unable to walk and was placed on a bareback horse.He was constantly lashed and declining to proceed further was shot dead. -There were some lighter moments when the Boer general agreed on a rugby match between Britain and promised to cease fire...
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...Financial statement of South Africa South Africa is a middle-income, emerging market with an abundant supply of natural resources; well-developed financial, legal, communications, energy, and transport sectors and a stock exchange that is the 16th largest in the world. Even though the country's modern infrastructure supports a relatively efficient distribution of goods to major urban centers throughout the region, unstable electricity supplies retard growth. The global financial crisis reduced commodity prices and world demand. GDP fell nearly 2% in 2009 but has recovered since then, albeit slowly with 2014 growth projected at about 2%. Unemployment, poverty, and inequality - among the highest in the world - remain a challenge. Official unemployment is at nearly 25% of the work force, and runs significantly higher among black youth. Eskom, the state-run power company, has built two new power stations and installed new power demand management programs to improve power grid reliability. Construction delays at two additional plants, however, mean South Africa is operating on a razor thin margin; economists judge that growth cannot exceed 3% until those plants come on line. South Africa's economic policy has focused on controlling inflation, however, the country has had significant budget deficits that restrict its ability to deal with pressing economic problems. The current government faces growing pressure from special interest groups to use state-owned enterprises to deliver basic...
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...The Valais is the largest wine area in Switzerland. The area of hectares cultivated to grapevine in the Valais is the largest in Switzerland. The location of the Valais, between the high mountains of the Alps to the North, East and South the, gives the vineyard a special shelter from the frizzing winds. The vineyards are sculptured alongside, the sides of the mountains, which give them the ultimate sun exposer (Schuster, n.d.). So with the help from the mountains, the vineyards are kept dry and warm, which accelerate the growth of the grapes. “The Valais receives the least amount of rain and the most amount of sun out of all the wine regions in Switzerland.” From the town of Varen down to Martigny will you be able to see vineyard, almost in one unending stretch. You will find he vineyards on all levels of the soil. The span of altitude, range from 460 meters to 1150 meters above sea level. (swisswine-online.com) The Valais is an area where you will find a lot of different grapes, actually more than 50 grape varieties. Of those 50, 4 grape varieties really dominate the area. Those 4 are Chasselas (Fendant), Pinot Noir, Gamay and Sylvaner (Johannisberg). “The Big Four” covers 90 % of the vineyard surface area. Chasselas is the most dominating grape and covers 45%. (volauvent.ch) The total wine-producing surface area is shared between almost 120’000 parcels of land belonging to nearly 23,000 owners, less than 20 % of whom work the vineyards full time The main type of wine produced...
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...The Stellenbosch, Paarl and Franschhoek valleys form the Cape Winelands, the larger of the two main wine growing regions in South Africa. The South African wine industry produces about 1,000,000,000 litres of wine annually. Stellenbosch is the primary location for viticulture and viticulture research. Professor Perold was the first Professor of Viticulture at Stellenbosch University. The Stellenbosch wine route, established in 1971 by Frans Malan from Simonsig, Spatz Sperling from Delheim and Neil Joubert from Spier is a world renowned and popular tourist destination.Stellenbosch consists of a Mediterranean climate, with warm and dry growing seasons, along with a variety of soils – ranging from dark, alluvial, well-draining soils in the valley to decomposed granites on the hillsides. This combination results in the production of high-quality wines, mostly reds. Cabernet Sauvignon performs exceptionally well here and produces some of the best examples in South Africa. Merlot, Pinotage and Shiraz are other notable reds. Chenin Blanc, Chardonnay and Sauvignon Blanc are the prominent whites. The South African Wine & Spirit Board operates a voluntary program that allows South African wines to be "certified" for quality and accuracy in labelling. Under this certification process, vintage dated wine must be composed of at least 85% grapes that were harvested that vintage year. Varietal wines must also be composed of at least 85% of the listed varietal. Blends, such as a Cabernet Sauvignon...
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...Born Free This year marks the 18-year anniversary of democracy in South Africa, Born free’ is a haunting notion, and it is frequently used in the current media dialog to imply that the kids born after the apartheid era have an advantage over previous generations. Eighteen years after the demise of political apartheid, South Africa remains at least to me an unequal society, There is no doubt that its considered attractive to many teenagers to be described as ‘born free’; it is probably a more than fair assumption that most of our born free South Africans do not experience their lives in quite a good way as born free implies. This subject has caused many debates and arguments about its meaning and its effect. Most of our class falls under this category and it seems to make everyone very excited to speak on it. Many people argue that we are still affected by the happenings of apartheid, and in truth some people are still feeling the effects of what happened about 18 years ago. But I think the effects of what happened during apartheid are still felt today. Some, of course, feel a weight of expectation that is not eased by their view of the current opportunities open to them. However, what is so heartening is that these previously–disadvantaged young people, presumed to be so care-free while they battle their own adversities, actually do step up and get involved, give up some of their weekend time to be involved in a programme aiming for the greater good. In this way, they...
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...KWV WINES SHAREHOLDER’S REPORT BY: MARINA YUROVA ULKAR NAJAFOVA JIMMY HUMANIA COMPANY’S DESCRIPTION KWV is one of the most famous and leading “wine and spirits” producing company in South Africa. Founded in 1918 as a winemaking co-operative, by wine makers from the Western Cape in South Africa. Today it is well-known global brand producing wine and spirits with a rich historical background and large variety of high quality wine. COMPETITORS The main competitors of KWV are: ● Distell ● Klein ● Simonsig All of them are situated in South Africa but they distribute globally. However, there are a lot of differences in price, quality and beverage range. In positioning maps below we show differences between these rivals. The price of wine selections starts from €8-€140 euro for 750ml of wine bottle. COMPETITIVE ADVANTAGE The competitive advantage of KWV that it operates on is Uniqueness and Marketing & Sales is the main priority followed by Research and Development. Joint venture agreements and wholly owned subsidiaries in the United Kingdom, Western and Central Europe, USA, Canada and the Middle and Far East, have secured a major share of South Africa's wine exports for KWV International. High quality natural and fortified wines and grape juice concentrate are available on international markets through major importers, wholesalers and distributors. GENERIC STRATEGY KWV USES The strategy KWV operates on is Focused Differentiation because they...
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