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72984
South Africa
Description
Global Business Environment (Q1 - BRICS) Mind Map on South Africa, created by edcashell on 06/05/2013.
No tags specified
global business environment
q1 - brics
global business environment
q1 - brics
Mind Map by
edcashell
, updated more than 1 year ago
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Created by
edcashell
over 11 years ago
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Resource summary
South Africa
Culture
Hofstede’s cultural dimensions
Close match to ireland
Colonial past
Ease of doing business
World Bank rating; Ranked at #39 in world
Other BRICS lower, Russia @ #91 is best
Starting a business, permits, power, paying tax, enforcing contracts
Corruption
Corruption Perception Index
Highest ranked in BRICS and higher than Italy and Greece
Corporate taxes
28% since 2008
Russia @ 20%
Government
Large Majority party ANC
In power since end of Apartheid in 1994
Democratically Elected
Led by Jacob Zuma
SA 2030 Strategic Plan
Develop Infrastructure
Education and Health Care
Short\Medium term 3 year plan
Grow GDP, keep deficit flat
4.5 vs. 3.5%
HDI
Low score in comparison with BRIC (higher than india)
Low life expectancy due to high proportion of HIV \ Aids sufferers
2013 score is expected to be 0.629 (below world average)
Education
Decline in birth rate, shift from quantity to quality
Labor Force
10-40% will have AIDS or HIV, depending on industry
BEE act
Unemployment @ 25%
5.9% White
35.6% Black
Short term gap for experienced \ qualified workers filled from Zimbabwe
Infrastructure
Two tiered economy, one with developed features, the other with poor infrastructure
PPP to be used to improve road, rail and port facilities
Recent infrastructure improvements for the 2010 World Cup and 2013 African Cup of Nations
Trade Agreements
Chinese trade, up by C.36% overall from 2011
China now accounts for 13% of the import and export market
SA in BRICS
Smallest Country and economy
Huge market in Africa, particularly SADC
Competition from other African countries - Egypt, Nigeria
Economy
Largest Sector is Finance and Business Service (40% GDP)
17th Largest Stock Exchange in the world in Joberg
Mining was 21% GDP in 1970, now 9%, but still 60% of export value
71% of World Platinum production, 95% of reserves
Imports higher than exports - Govt Plan to increase production of finished goods.
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