EENI South Africa

Business in South Africa Foreign Trade Economy Exports BEE FDI


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Course contents (Business in Africa - Southern Africa)

- Introduction to South Africa.
- The economy of South Africa. Foreign trade.
- Economic relationships with Africa, Asia, Europe and America.
- Economic profile of SA provinces.
- Business and investing opportunities in South Africa. FDI Foreign direct investment.
- Case studies: Automotive industry. State-owned enterprises. World Cup. BPO and Off-shoring.
Course : South Africa and Botswana
Duration: 3 weeks.
Tuitions and Feeds: 218 Euros.
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Summary

Doing Business in South Africa: The engine of growth in Southern Africa.

South Africa is the economic powerhouse of Africa, leading the continent in industrial output and mineral production and generating a large proportion of Africa's electricity. The country has abundant natural resources, well-developed financial, legal, communications, energy and transport sectors, a stock exchange ranked among the top 20 in the world, and a modern infrastructure supporting efficient distribution of goods throughout the southern African region.

The South Africa of today is one of the most sophisticated and promising emerging markets globally. Not only is South Africa itself an important emerging economy, it is also the gateway to other African markets.

South Africa has a world-class and progressive legal framework. Legislation governing commerce, labour and maritime issues is particularly well developed, and laws on competition policy, copyright, patents, trademarks and disputes conform to international norms and conventions.

South Africa's economy has been in an upward phase of the business cycle since September 1999 - the longest period of economic expansion in the country's recorded history. South Africa has developed an established and diversified manufacturing base that has demonstrated resilience and the potential to compete in a global economy. The manufacturing sector provides a locus for stimulating the growth of other activities, such as services and achieving specific outcomes, such as value addition, employment creation and economic empowerment.

Sample:
South Africa Business Economy

South Africa is member of the World Trade Organisation (WTO), World Bank, International Monetary Fund, United Nations Conference on Trade and Development (UNCTAD), New Partnership for Africa’s Development (NEPAD).

South Africa took over the chair of the SADC (Southern African Development Community) in August 2008. The Southern African Customs Union (SACU) consists of Botswana, Lesotho, Namibia, South Africa and Swaziland.

The Trade, Development and Co-operation Agreement (TDCA), provides for the establishment of an FTA between South Africa and the European Union. The USA is one of South Africa’s leading trading partners; SA is beneficiary of the Africa Growth and Opportunity Act (AGOA).

The trade deficit with Asia increased from R8,3 billion to R9,0 billion in June 2008. Exports to 140 Asia increased by R1,3 billion to R17,9 and imports increased by R1,9 billion to R26,9 billion.

Economy profile of SA provinces. South Africa is divided into nine provinces, each with its own legislature, premier and executive councils. The provinces, with their own distinctive landscapes, vegetation and climate, are the Western Cape, the Eastern Cape, KwaZulu-Natal, the Northern Cape, Free State, North West, Gauteng, Mpumalanga and Limpopo.

Black Economic Empowerment (BEE). Broad-Based Black Economic Empowerment Strategy (BBBEE) is a government policy aimed at redressing past economic imbalances. Moreover, BEE is an important policy instrument aimed at broadening the economic base of the country, further stimulating economic growth and creating jobs while eradicating poverty.

State-owned enterprises (SOEs) have a critical role to play in advancing economic growth, since they are responsible for developing key infrastructure and manufacturing capacity.

The Business Process Outsourcing and Offshoring industry (BPO&O) is one of South Africa's fastest growing economic sectors. Illustrating this is the call centre sub-sector, which has been growing at about 8% per annum over the past 4 years and currently employs about 54 000 call centre agents.

South Africa's automotive industry is a global, turbo-charged engine for the manufacture and export of vehicles and components. The sector accounts for about 10% of South Africa's manufacturing exports, making it a crucial cog in the economy.

According to the Community Survey 2007, there are 48 502 063 people in South Africa. Of these, 79% classify themselves as African; 9,6% as white; 8,9% as coloured; and 2,5% as Indian / Asian. Almost 80% of South Africa’s population follows the Christian faith.

The Constitution recognises 11 official languages, namely Afrikaans, English, isiNdebele, isiXhosa, isiZulu, Sesotho sa Leboa, Sesotho, Setswana, siSwati, Tshivenda and Xitsonga.

2010 Fifa World Cup. South Africa plans to spend R9-billion on improving and extending the transport infrastructure in nine host cities to cope with the massive influx of visitors expected for the 2010 Fifa World Cup. Preparations cover major upgrades to the country's airports and improvements to the general transport system, including a taxi recapitalisation programme, the consolidation of passenger rail entities and the transformation of the bus industry.

Available Language : En (Fr: Afrique du Sud Affaires)

Master Executive Business with Africa  - Master East and Southern Africa - Master Executive in International Business, Global Marketing and Internationalization - Master in Emerging Markets

Business, South Africa, Foreign, Trade, Economy, Exports, FDI, profile, SA, provinces, Economic, relationships, Automotive, industry, Foreign direct, investment, Master, International Business

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