Case Details: |
Price: |
Case Code |
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ECOA115 |
For delivery in electronic format: Rs.
300; For delivery through courier (within India): Rs.
300 + Rs. 25 for Shipping & Handling Charges
Themes- |
Case Length |
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20 Pages |
Period |
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2004 |
Organization |
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Pub Date |
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2004 |
Teaching Note |
: |
Not Available |
Countries
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South Africa |
Industry |
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Abstract:
By far the most prosperous country in the African continent, South Africa,
accounts for 45% of sub-Saharan GDP (gross domestic product). Despite the major
upheavals following the end of apartheid, the country enjoys a degree of
political and social stability that is rare in Africa. During the period
1995-1998, Nelson Mandela had led the country with great statesmanship and
maturity. He had spoken loudly in favour of a reconciliation, meeting former
apartheid supporters, opposition members, and allies. The remaining
international sanctions were lifted, while diplomatic and economic relations
abroad were normalised. Mandela's successor, Thabo Mbeki has continued social
reforms while liberalising the economy.
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Among the challenges, which his government faces, are a 30% unemployment rate and rampant crime. More than three million people are afflicted with AIDS (anti immune deficiency syndrome). Black economic empowerment, correcting social imbalances and job creation within the context of fiscal and monetary discipline have 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 African National Congress rule, has given way to a sharper focus on economic issues, specifically growth and job creation.
Contents:
Keywords:
African continent, South African economy, Foreign direct
investment, Gold mines, Political system in South Africa, Black economic
empowerment, Nelson Mandela, Foreign capital in South Africa, South African
industry, Wine making industry in South Africa, Mining industry in South Africa,
Foreign trade in South Africa, While minority rule, Major supplies of gold,
Thabo Mbeki.
South Africa in 2004
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