South Africa in 2004
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Case Code: ECOA115 Case Length: 20 Pages Period: 2004 Pub Date: 2004 Teaching Note: Not Available |
Price: Rs.300 Organization : - Industry : - Countries : South Africa Themes: - |
Abstract Case Intro 1 Excerpts
Excerpts
Background Note
Early History
The discovery of diamond and gold deposits in the late 1800s attracted British manpower and capital. The tenuous co-existence among Britain's colonial establishment, white settlers (Afrikaners), and native Africans was upset. After a series of ferocious battles, Britain formed the Union of South Africa. In 1911, Prime Minister Louis Botha and his deputy Jan Smuts began to concentrate power, economic opportunities, and social status in the hands of the white minority, which formed 20 percent of the population...
Recent Developments
On February 11, 1990, Nelson Mandela was released from prison and became the ANC president. He and Prime minister F.W. de Klerk worked on an interim constitution and decided to hold general elections in which Africans would vote...
The Economy
Best known for its precious metals, fruit, and wine industries, South Africa had graduated over the years, from an economy dominated by mining and agriculture to one where manufacturing and financial services contributed the larger share of GDP. In the early 2000s, South Africa was classified as a middle-income country...
Industry
South Africa was easily the African continent's most industrialized country. Food products, iron and steel and transport equipment together accounted for about a third of total gross manufacturing output...
Foreign Trade
South Africa's principal exports were gold (typically 22 percent of total exports), diamonds (12 percent metals and metal products (11 percent), and coal (7 percent). The country was also a major exporter of granite, asbestos, iron ore, manganese, chrome and titanium ore. Main destinations were the US (13 percent of 2001 total), the UK (12.4 percent), Germany (9.2 percent), Japan (6.9 percent) and Italy (4.9 percent). Exports to the rest of Africa had increased by between 25-30 percent a year since 1990. Africa was also the primary destination for South Africa's manufacturing exports...
Future Outlook
Black economic empowerment, correcting social imbalances and job creation within the context of fiscal and monetary discipline had been the main objectives of South Africa's economic policy in recent times. The consolidation of democratic processes, which dominated the first five years of ANC rule, had given way to a sharper focus on economic issues-specifically growth and job creation...
Exhibits
Exhibit I: Business Environment Rankings
Exhibit II: Fact Sheet
Exhibit III: Key Indicators
Exhibit IV: Comparative Economic Indicators, 2002
Exhibit V: Economic Background
Exhibit VI: Major Exports & Imports
Exhibit VII: Economic Forecast Summary
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