...Botswana and South Africa are two biggest exporting countries in Africa. South Africa is the world’s biggest producer of gold as well as diamonds. The country has a well-developed law system. South Africa has a large pool of skilled labor and, advanced infrastructure and developed financial resources. All these factors are mostly missing from other countries. The main exports of African nations are: * Palm oil * Gold and diamonds * Oil * Cocoa * Timber * Precious metals Africa struggles with food items and basic facilities. It is often under the grip of internal outbreaks, leaving less scope for infrastructural or administrative change over. Therefore, African imports feature medical supplies as well as food items The main imported commodities are: * Machinery and equipment * Chemicals * Petroleum products * Scientific instruments * Foodstuffs Principal trading partners of Africa include Germany, the United States, China, Japan, the United Kingdom and Spain. Per Capita GDP Africa | Algeria | 5.6 | 7200 | 69.90% | | | | | | | | | Africa | Angola | 4.3 | 5900 | 67.40% | | | | | | | | | Africa | Benin | 3 | 1500 | 34.70% | | | | | | | | | Africa | Botswana | 4.7 | 16300 | 81.20% | | | | | | | | | Africa | Burkina Faso | 3.6 | 1500 | 21.80% | | | | | | | | | Africa | Burundi | 2.9 | 400 | 67.30% | | | | | | | | | Africa | Cameroon | 3.9 | 2300 | 75.90% | | | | |...
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...SOUTH AFRICA HISTORY In the history of South Africa, the earliest known settlers of the country were the San and Khoekhoe people, collectively known as Khoisan. They were two distinct cultural groups. The first Europeans to arrive in South Africa were the Portuguese Seafarers who initiated the sea route to India in 1488. They were soon followed by other Europeans since the late 16 th century In 1815, the British took permanent control of the Cape colony and brought in more settlers In 1910 South Africa got freedom from the British rule.The Union of South Africa was formed on 31 May 1910. The National Party came into power in 1948 and devised a harsh system of segregation known as apartheid. This system gave rise to Black hostility and resistance worldwide, resulting in the formation of African National Congress (ANC) in 1912, an anti-apartheid organization. In 1960, the ANC was banned and in 1964 Nelson Mandela, the leader of the African National Congress was sentenced to life imprisonment. In April, 1994, South Africa had their first democratic election which was won by the ANC and on 10 May, 1994, Nelson Mandela became the country's first Black president. Freedom Day is the official Independence Day of South Africa , it is celebrated on 27th of April every year GOVERNMENT TYPE The Republic of South Africa is a federal state comprising of a national government and nine provincial governments. The constitution of South Africa was adopted in 1996 and implemented...
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...Indicators - south Africa - Balance of payments | Previous | Last | Changes in net reserves (BoP; US dollar) in South Africa | -5737274937.1 | -2225389979.1 | Communications; computer; etc. (% of service exports; BoP) in South Africa | 15.6 | 17.5 | Communications; computer; etc. (% of service imports; BoP) in South Africa | | | Current account balance (BoP; US dollar) in South Africa | -20018338880.5 | -20083348347.4 | Current account balance (% of GDP) in South Africa | -7.0 | -7.3 | Current transfers; receipts (BoP; US dollar) in South Africa | 1098595708.4 | 1376844428.1 | Exports of goods and services (BoP; US dollar) in South Africa | 90253724985.0 | 98923265933.7 | Exports of goods; services and income (BoP; US dollar) in South Africa | 97135248176.6 | 104867027656.1 | Exports of goods; services; income and workers' remittances (BoP; US dollar) in South Africa | 96620203344.5 | 104867148253.7 | Foreign direct investment; net (BoP; US dollar) in South Africa | 2754820696.8 | 11764417771.6 | Foreign direct investment; net inflows (BoP; US dollar) in South Africa | 5736933181.2 | 9644834927.1 | Foreign direct investment; net inflows in reporting economy (DRS; US dollar) in South Africa | 5736933181.2 | 9644834927.1 | Foreign direct investment; net inflows (% of GDP) in South Africa | 2.0 | 3.5 | Foreign direct investment; net outflows (% of GDP) in South Africa | 1.0 | -0.8 | Goods exports (BoP; US dollar) in South Africa | 76435300919.1 |...
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...Export Department Country Analysis Report for International Expansion Market Analysis for: Brazil, China, Russia, South Africa, and United Arab Emirates ------------------------------------------------- ------------------------------------------------- Contents 1. Foreword 2. Evaluation Criteria 3. Country Analysis – Demand Factor: Population 4. Country Analysis – Demand Factor: Number of Subscriptions and Percentage 5. Country Analysis – Demand Factor: GDP per Capita and Growth Prospective. 6. Country Analysis – Cost Factors 7. Country Analysis – Sociopolitical Factors 8. Conclusion - Best Country for Potential Entry 9. References ------------------------------------------------- 1. Foreword Hydis Electronics currently has the highest market share of mobile phones in South Korea. We have been focusing heavily to reach the status of market leader in our domestic market, but the Korean market for mobile phones has reached a plateau and our growth has been slow during the past few quarters. As such, we should now focus our strategies on expanding to foreign markets as a new engine for our company's growth. Possible candidate countries for entry were Brazil, China, Russia, South Africa, and United Arab Emirates (UAE). The goal was to figure out which country would have the highest potential profit as well as future growth for our company while having low risk involved. Upon careful analysis of the economic...
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...in general and also their 3 different industry sectors, this accounts for whether the country and their sectors are in growth or decline. The countries that I will be discussing within this report are going to be South Africa, Brazil; both of these countries are going to be compare to the UK’s 3 industry sectors. These are 3 different countries with; 3 different economical situations, systems and backgrounds. The economy of South Africa, is the largest in Africa with 24% of its Gross Domestic Product (GDP) meaning it is ranked 29th in the international monetary. The economy of Brazil is the 6th largest according to the nominal GDP, and also expected to become 5th by the end of 2012. Its economy is the largest in Latin America nations, and second largest in the western hemisphere, whereas the UK’s economy has the 7th largest GDP also according to the nominal rank, meaning it has the 3rd largest GDP in Europe. South Africa’s primary sector is in growth by 15%, which is contributed towards the countries general GDP. A majority of its primary sector activities is drawn, from gold mining and agriculture. Coal, gold, platinum, diamond, metal and minerals are most common things that are being mined for. Other types of agriculture activities going o within South Africa would be; forestry, fishing and quarrying, whereas Brazil earns its money for the primary sector from coffee beans, beef, tropical hardwood and oranges, it also owns 180,000 barrels of oil, all this concludes to Brazils...
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...South Africa - Throughout this article, the unqualified term "dollar" and the $ symbol refer to the US dollar. The economy of South Africa has a two tiered economy; one rivaling other developed countries and the other with only the most basic infrastructure. It is therefore a productive and industrialised economy that exhibits many characteristics associated with developing countries, including a division of labour between formal and informal sectors and an uneven distribution of wealth and income. The primary sector, based on manufacturing, services, mining, and agriculture, is well developed. South Africa's transportation infrastructure is among the best in Africa, supporting both domestic and regional needs. OR Tambo International Airport serves as a hub for flights to other Southern African and International countries. South Africa also has several major ports that make it the central point for most trade in the Southern African region. Economy of South Africa Cape Town CBD Rank Currency Fiscal year Trade organizations Statistics GDP $277.4 billion (2009) (nominal; 32nd) $488.6 billion (2009) (PPP; 25th) 32nd Rand (ZAR) Calendar year WTO, G-20, SACU and others Contents 1 History 2 Sectors 2.1 Telecommunications 2.2 Agriculture 3 Trade and investment 4 Complicating factors 4.1 Human capital flight 4.2 The electrical crisis 5 Economic policy 5.1 GEAR 5.2 Inflation targeting and GDP growth 5.3 Financial policy 6 Environment 7 Social services GDP growth GDP per...
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...HISTORY South Africa is the southernmost country on the African continent. It has a long history of conflict and human rights issues but it has always been one of the most economically prosperous nations in southern Africa due to its coastal location and the presence of gold, diamonds and natural resources. By the 14th century C.E, the region was settled by the Bantu people who migrated from central Africa. South Africa was first inhabited by Europeans in 1488 when the Portuguese arrived at the Cape of Good Hope. However, permanent settlement did occur until 1652 when the Dutch In following years, French, Dutch and German settlers began to arrive in the region. by the end of the 18th century the British controlled the entire Cape of Good Hope region. In 1961, South Africa became a republic after it withdrew from the British Commonwealth Four years later on May 10, 1994, Mandela was elected as South Africa's first black president and during his time in office he was committed to reforming race-relations in the country and strengthening its economy and place in the world. This has remained the goal of subsequent governmental leaders. ECONOMY South Africa has a mixed economy, the largest in Africa in terms of both nominal GDP (at $375.944 billion) and GDP atpurchasing power parity (at $608.804 billion). It also has a relatively high GDP per capita compared to other countries in Sub-Saharan Africa ($11,750 at PPP as of 2012). Despite this, South Africa is still burdened...
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...expand their flights to South Africa. Qantas is not manufacturing any products in South Africa, they only offering transportation services by airplane in order to help people travel to South Africa easier. In order to operate effectively, Qantas needs to have a skilled workforce and an advanced information technology. They need an advanced information technology to keep their data and online system on track, also a skilled workforce because Airline Company need to have employees that understand well about how airline system works. 2.0 Political Environment 2.1 Government stability South Africa corruption ranked was recorded at 64 out of 183 countries and at 4.1 score out of 10. South Africa corruption score was increase since 2008. Corruption watch stated that in 2008 South Africa corruption score is at 4.9 and increasing to 4.7 in 2009, 4.5 in 2010 and until 4.1 in 2010, 10 is the least corrupt and 0 the most (Corruption Watch). 2.2 Government and contribution ACSA has allocated R5.2-billion to an infrastructure expansion programme for the three main airports at Johannesburg, Cape Town and Durban International, as well as at seven smaller airports (Media Club South Africa). 2.3 Analysis Due to South Africa corruption scores increasing, it will damage country’s economic. This also could be a high risk for investment area particularly foreign company due to insecure of South Africa government stability. Furthermore...
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...world and particularly in Africa! The term ‘The BRICS’ was first quoted in Goldman Sachs report which was published in 2001, this term is an acronym for the emerging developing countries which are Brazil, Russia, India, China and South Africa (Wilson & Purushothaman, 2003, p. 2). In the last decade, these countries have been successful in the global economy and many developing countries across the world, predominately Africa are trying to emulate this success. The essay will show a brief overview of how successful the BRICS have become, once these reasons are established, the essay will focus on the core part of the question which is providing evidence showing how the developing world but in particular Africa are imitating the success of the BRICS. Finally the essay will finish with a conclusion which will summarise the main points which have been explained and discussed throughout the essay. The BRICS have been successful in the last decade, but forecasters believe that by 2050, the BRICs could become a very important source of new global spending and by the year 2032 Japan’s economy would become smaller that India’s and USA’s economy could shrink below China’s economy by the year 2041. If the BRICS combined their economies together, it would be larger than the G6 (Japan, United Kingdom, Germany, France, Italy, United States) by the 2039 (Wilson & Purushothaman, 2003, p. 3). Originally the term was the BRIC, however in December 24th 2010, South Africa were formally invited to...
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...PESTEL ANALYSIS OF BARCLAYS PLC PESTLE analysis is very useful for studying the environment in which a company operates and accessing external factors influencing the company in the markets it operates. PESTLE is the acronym for the following categories of investigation: political, economic, sociological, technological, legal and environmental (Cheverton, 2004; Partridge and Sinclair-Hunt, 2006). Discussing the political factors influencing operation of the banks in the national, local and regional levels and legislation, it should be mentioned that banks have always been to a certain degree regulated by the government (Benston, 2000). For example, government determines the fraction of reserves that a commercial bank should keep with the Central Bank. Taking into consideration the fact that Barclays Plc operates in more than 50 countries it will not be possible to study all the possible regulative frameworks within the current research. Various regulative bodies carry out controlling functions under various conditions such as Controller of the Currency (OCC) in the United States (Benston, 2000). Tax regulation the company submits to is one more important political aspect. Barclays obeys regional tax framework in all the countries of its operation. Besides, the company has to submit to double taxation in the cases where there are appropriate agreements between countries. It may be stated that tax risk is observed because regular changes in tax legislation and interpretation...
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...of 2013 is the turning point for South Africa because of their economic growth. They believe that 2013 is the year of continent becomes a destination of choice for global choice. We have come to know that South Africa’s economies grown very strongly. On the other hand sub-Saharan economies such as Nigeria, Ethiopia, Angola, Ghana, Cote d’ivoire, Kenya, Uganda; while countries of developing world facing economic uncertainty.The economic growth of South Africa is not only by its wealth of natural resources but also by its investments in agriculture and manufacturing. There are lots of opportunities for private sectors now in Africa. As because of Asia’s economies growth is slow and their labor wages rise therefore Africa will become the next preferred destination for labours intensive manufacturing of products such as garments sector. They are attracted by people for their low-cost and light manufacturing though it’s still important to need to work on their humanitarian interventions. Africa will emerge in a respected member of global community in few years. Their new mission will be how to do the work in development aid to attract more private sectors. Suddenly, Africa’s economies changed for their three reasons. First of all, global uncertainty continues to be the norm in 2013, trade and investment flows between Africa and BRIC (BRAZIL, RUSSIA, INDIA, and CHINA). The second reason is Africa promotes stronger economic ties at home (AFRICA). And the third aspect is Africa's economic...
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...According to the political section in this paper, 1994, and its democratic transition 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...
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...The global financial crisis of 2007 – 2008 impacted every nation in the world, but the timing and severity of the impact varied greatly depending on various factors such as the sovereign debt as a percentage of Gross Domestic Product (GDP) prior to the financial crisis, as well as the level of exposure to the Collateralized Debt Obligation (CDO) sub-prime mortgagebacked securities of the different countries. Where governments and banks had significant exposure to CDOs, which became known as toxic debt instruments in the wake of the financial crisis, the impact was experienced more speedily and more severely. South Africa had very limited exposure to these debt instruments, so the impact on their economy lagged other economies such as the USA. a) South Africa’s macroeconomic performance before, during and after the global financial crisis of 2007-2008 As indicated by the figures in Table 1 below, production and the utilisation of production capacity began tapering down in 2008 as the financial crisis took hold. The figures for 2009 clearly describe the impact of the crisis on South Africa at the bottom of the cycle with reductions of 13.9% in production, 16.2% in sales, and 6.8% in the utilisation of production capacity from 2008. It should be noted that production, sales and utilisation of production capacity had by the end of 2012 still not recovered to the levels recorded for 2008. Table 1: South Africa’s production, sales and utilisation of production...
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...in West Africa, is Africa’s most populous country with the recent estimate at 170 million. In spite of possessing huge human capital, fertile soils and being oil-rich, Nigeria can teach the mineral rich world a lesson or two about what not to do. Corruption, political instability, pollution and poor management are some of the reasons Nigeria has not been able to rise and gain the status it should have in the African continent. Macro-economic factors • Gross Domestic Product (GDP) A look at the real GDP growth of Nigeria shows that it has ranged between 6.4% and 7.8% from 2007-2013. It reached its peak of 7.8% in 2010 and is forecasted to be 6.4% in 2012 as compared to the world average of 2.2% and 3.9% for Sub-Saharan Africa. Economists say that it is in fact the non-oil sector that has pushed the economy forward, and will continue to do so. Growth can largely be attributed to activities in telecommunications followed by building and construction, and the services sector in general. Regulatory body, the Nigerian Communications Commission (NCC) was established in 1992, and commenced full market liberalization and reform in 2000. It is sensed that investment in telecom has triggered off an economic chain which has positively impacted other sectors of the economy. GDP growth has not improved the living standards of the Nigerian people. They continue to be inundated with increased unemployment, poverty, poor healthcare among various others. As seen below, the GDP per head...
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...I will later research these same issues for South Africa and compare the two...
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