Globalization of South Africa - 8279 Words

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†¦show more content†¦1 2. SOUTH AFRICA South Africa(SA) is a culturally diverse country, one nation made up of many peoples. With 11 different official languages, a multiplicity of traditions and skin tones, SA is often called as the rainbow nation of Africa. A. Geography Located at the southern tip of the Afr Africa continent, SA has 48.7 million people in the area of 1.2 million km2. Among the population, 79.3% are blacks, 9.1% are whites, 9.0% are colored and the rest of them are Asians. SA has three capital cities: Cape Town, the largest of the three, is the le legislative capital; Pretoria is the administrative capital; and Bloemfontein is the judicial capital (Figure 2). FIGURE 2. SOUTH AFRICA B. History In 1652 the Dutch East India Company founded a cape colony at Cape Town as a gateway to India. Cape Town became a British colony in 1806. European settlement expanded during the 1820s as the Boers (original Dutch, Flemish, German and French settlers) and the British 1820 Settlers claimed the land in the north and east of the country. The discovery of diamonds and later gold triggered the conflict known as the Anglo Anglo-Boer War, as the Boers and the British fought for the control of the SA mineral wealth. Although the Boers were defeated, the British gave limited independence to SA in 1910 as a British dominion. In 1961, the country became aShow MoreRelatedAdvantages and Disadvantages of Globalization on South Africa767 Words   |  4 PagesGlobalization is the shrinking of the world and the increased consciousness of the world as a whole. It is a term used to describe the changes in societies and the world economy that is a result of dramatically increased cross-border trade, investment, and cultural exchange. Globalization has been dominated by the nation-state, national economies, and national cultural identities. 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