South Africa

Description

Global Business Environment (Q1 - BRICS) Mind Map on South Africa, created by edcashell on 06/05/2013.
edcashell
Mind Map by edcashell, updated more than 1 year ago
edcashell
Created by edcashell over 11 years ago
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Resource summary

South Africa
  1. Culture
    1. Hofstede’s cultural dimensions
      1. Close match to ireland
      2. Colonial past
      3. Ease of doing business
        1. World Bank rating; Ranked at #39 in world
          1. Other BRICS lower, Russia @ #91 is best
            1. Starting a business, permits, power, paying tax, enforcing contracts
            2. Corruption
              1. Corruption Perception Index
                1. Highest ranked in BRICS and higher than Italy and Greece
              2. Corporate taxes
                1. 28% since 2008
                  1. Russia @ 20%
                  2. Government
                    1. Large Majority party ANC
                      1. In power since end of Apartheid in 1994
                        1. Democratically Elected
                          1. Led by Jacob Zuma
                          2. SA 2030 Strategic Plan
                            1. Develop Infrastructure
                              1. Education and Health Care
                              2. Short\Medium term 3 year plan
                                1. Grow GDP, keep deficit flat
                                  1. 4.5 vs. 3.5%
                              3. HDI
                                1. Low score in comparison with BRIC (higher than india)
                                  1. Low life expectancy due to high proportion of HIV \ Aids sufferers
                                    1. 2013 score is expected to be 0.629 (below world average)
                                    2. Education
                                      1. Decline in birth rate, shift from quantity to quality
                                      2. Labor Force
                                        1. 10-40% will have AIDS or HIV, depending on industry
                                          1. BEE act
                                            1. Unemployment @ 25%
                                              1. 5.9% White
                                                1. 35.6% Black
                                                2. Short term gap for experienced \ qualified workers filled from Zimbabwe
                                                3. Infrastructure
                                                  1. Two tiered economy, one with developed features, the other with poor infrastructure
                                                    1. PPP to be used to improve road, rail and port facilities
                                                      1. Recent infrastructure improvements for the 2010 World Cup and 2013 African Cup of Nations
                                                      2. Trade Agreements
                                                        1. Chinese trade, up by C.36% overall from 2011
                                                          1. China now accounts for 13% of the import and export market
                                                        2. SA in BRICS
                                                          1. Smallest Country and economy
                                                            1. Huge market in Africa, particularly SADC
                                                              1. Competition from other African countries - Egypt, Nigeria
                                                              2. Economy
                                                                1. Largest Sector is Finance and Business Service (40% GDP)
                                                                  1. 17th Largest Stock Exchange in the world in Joberg
                                                                  2. Mining was 21% GDP in 1970, now 9%, but still 60% of export value
                                                                    1. 71% of World Platinum production, 95% of reserves
                                                                    2. Imports higher than exports - Govt Plan to increase production of finished goods.
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