South Africa in 2004


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Please note:

This case study was compiled from published sources, and is intended to be used as a basis for class discussion. It is not intended to illustrate either effective or ineffective handling of a management situation. Nor is it a primary information source.

Case Details:

Price:
Case Code : 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 : 20 Pages
Period : 2004
Organization : -
Pub Date : 2004
Teaching Note : Not Available
Countries : South Africa
Industry : -

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.

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:

  Page No.
Introduction 1
Background Note 2
The Economy 5
Industry 7
Foreign trade 10
Future Outlook 11
Exhibits 13

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.

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