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Globalization of South Africa

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Globalization of South Africa

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  • October 18, 2010
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THE RAINBOW NATION, GOING BEYOND THE HORIZON - GLOBALIZATION OF SOUTH AFRICA –

ABSTRACT
This paper examines the advantage, disadvantage, trade and FDI in SA from globalization perspective. South Africa(SA) is the one of the post BRICs country and it has largest economy market in Africa. Following the democratic elections of 1994, SA corporations moved with alacrity into the rest of Africa and beyond. Mining houses led the way, followed by manufacturers and financial institutions. Multinational companies also have branched in SA because it is a beachhead for the Africa and takes 70% of African trade. The Government also supports the infrastructure and gives a tax benefit for better business environment. On top of that, now SA is facing a huge opportunity, the 2010 FIFA world cup. Consequently, SA will be getting globalization and continuous efforts are needed at the country in order to attract significant investment flows and improve the prospects for sustained growth and development.

i

TABLE OF CONTENTS
Abstract…………………………………………………………………………………..i

Part Ⅰ : Understanding Africa and South Africa 1. Africa…………………………………………………………………………………..1 2. Republic of South Africa…………………………………………………………….2

Part Ⅱ : Current analysis 1. Trade ………………………………………………………………………………..5 2. Foreign Direct Investment…………………………………………………………8 3. Disadvantages……………………………………………………………………….11 4. Advantages…………………………………………………………………………..11 5. Industries in South Africa – 5 key sectors………………………………………13 6. Doing business – Global corporations in SA……………………………………15 7. Globalization………………………………………………………………..……….4 8. 2010 FIFA world cup……………………………………………………………….

Part Ⅲ : Case studies 1. Best Practice……………………………………………………………………...17 2. Worst Practice………………………………………………………………………..18

Part Ⅳ : Conclusion…………………………………………………………………….....

Appendix I – List of global automobile Industries in SA…………………………………...1 Appendix II – Global mining companies in SA……………………………………………...1 Appendix III – List...