Study Document
South Africa Is the Economic Term Paper
Pages:7 (1969 words)
Sources:5
Subject:World Studies
Topic:South Africa
Document Type:Term Paper
Document:#60686368
Almost a third of the government's total revenue emanate from indirect taxes, mainly from value-added taxes (Brand South Africa, Niekerk).
3. privatization -- this process was viewed to create a robust flow of business opportunities in the next many years at a range of 100-150 billion South African Rands (PGI 2012). This is equivalent to U.S.$12-20 billion. There will be estimated and sustained business acquisition opportunities in agribusiness, agriculture and fisheries; hotels, restaurants, resorts and tourism; mining and mineral extraction; forestry, logging and wood products; electricity generation and power reticulation; manufacturing; road and rail transportation; telecommunications and information technology; financial services; and water, waste water and water management. Transactions are likely to be in the form of complete or partial sales, concessions or public-private partnerships (PGI).
4. trade and trade finance and investment -- the Department of Trade and Industry
formulated the trade policy, which the Cabinet adopted in July 2010 (Brand South Africa 2012, Niekerk 2012). The policy framework promotes the development of higher value-added labor-absorbing production. As a complement, the Department formulated strategies for export development and promotion and investment promotion and facilitation. On top of these, it set up a single integrated facilitation center and formed a network of foreign economic offices abroad to assist in the transactions in behalf of South African companies. The Department furthermore provides information, financial support and practical assistance to exporters to sustain growth in traditional markets as well as connect with new high-growth ones like in China, India and Russia (Brand South Africa, Niekerk).
6. exchange control -- the South African Reserve Bank is the regulating arm of the Ministry of Finance (Brand South Africa 2012, Maxwell 2012). The Minister has also authorized certain foreign exchange dealers but with limited authority, allowing them to buy and sell foreign exchange as regulated by the Financial Surveillance Department of the Bank. Exchange-control policies have been largely reformed since 1994, aimed at the gradual liberalization and relaxation of exchange controls. The intention is to replace these with a strategy inhering to the macro-prudential approach. Liberalization aims at increasing individual foreign capital allowance and institutional investors' foreign exposure. This will allow South African companies to increase their capital and expand operations offshore (Brand South Africa, Maxwell). #
BIBLIOGRAPHY
Brand South Africa. South Africa: Economy Overview. Big Media Publisher, 2012.
Retrieved on October 22, 2012 from http://www.southfrica.info/business/economy/econoverview.htm
-. Government in South Africa, 2012. Retrieved on October 24, 2012 from http://www.southafrica.info/about/government/gov.htm#.UId
CIA. South Africa. The World Fact Book: Central Intelligence Agency, 2012.
Retrieved on October 22, 2012 from http://www.ums/edu/services/guidedocs/wofact2003/geos/sf.html
Economist, the. The Painful Privatization of South Africa. The Economist Newspaper
Limited, 1999. Retrieved on October 22, 2012 from http://www.economist.com/node/238407
Maxwell, Caroline. Foreign Investment in South Africa -- an Overview. Low Tax:
Low Tax.com, 2012. Retrieved on October 22, 2012 from http://www.lowtax/low/tax/html/offon/southafrica/sa_foreign.html…
Sample Source(s) Used
BIBLIOGRAPHY
Brand South Africa. South Africa: Economy Overview. Big Media Publisher, 2012.
Retrieved on October 22, 2012 from http://www.southfrica.info/business/economy/econoverview.htm
-. Government in South Africa, 2012. Retrieved on October 24, 2012 from http://www.southafrica.info/about/government/gov.htm#.UId
CIA. South Africa. The World Fact Book: Central Intelligence Agency, 2012.
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