Volume 9
Interna onal Business Digest
Issue 1
September
Center for Interna onal Business Educa on
2012
South Africa: Basic Facts
Inside This Issue
South Africa: Basic Facts
Page 1 Editor’s Note
Page 2 CIBE Receives Funding
Page 3 U.S. – South Africa Trade
Sta s cs
Page 4 South Africa: Upcoming
Trade Expos Page 5 Contact Informa on
Page 6 Loca on: South Africa, officially known as the Republic of South Africa, is located at the southern p of the African con nent. It borders Namibia, Botswana, Zimbabwe, Mozambique, Swaziland, and Lesotho, which is an independent enclave surrounded by South African territory. South Africa surfaces an area of 1,219,090 square kilometers. Popula on: South Africa has an es mated popula on of 51 million (2011) and is the world’s 25th largest country. The majority of the popula on is Africans (78%), followed by white (9%), colored (8.5%) and Indian/Asian (2.3%). In the South African context, the term “colored” refers to a heterogeneous group of people who possess some degree of sub‐Saharan ancestry, but not enough to be considered “black” under South African law. Language: There are 11 official languages in South Africa. Although English is the mother tongue of only 9% of the popula on, it is the language most widely understood, and the second language of the majority of South Africans. Interracial Rela onship: In 1994, South Africa became a democracy when people par cipated on an equal foo ng to elect the first democra cally elected government in the country’s history. In the post‐apartheid period, new legisla on has steadily been introduced to ensure that the past inequali es are corrected. Although a new South Africa is rapidly shaping up in the workplace, it will take me for socially based a tudes and norms to adjust to the reali es of a non‐racial, democra c country. Government: South Africa is a cons tu onal democracy with a three‐ er system of government (na onal, provincial and local) and an independent judiciary. Legisla ve authority is vested in the Parliament, which is situated in Cape Town. The Parliament consists of two chambers/houses ‐ Na onal Assembly (lower house, 400 members) and Na onal Council of Provinces (upper house, 90 members). Elec ons for both chambers are held every five years. The government is formed in the lower house, and the leader of the majority party in the Na onal Assembly is the President. The current poli cs is dominant by the African Na onal Congress (ANC). The current president of South Africa is President Jacob Zuma. The country has three main capitals: Execu ve ‐ Pretoria; Judicial ‐ Bloemfontein and Legisla ve ‐ Cape Town. (Continued on page 3.)
Editor’s Note
Gree ngs. It gives us great pleasure to bring to you the 33rd issue of the Prairie View
Interna onal Business Digest, an electronic quarterly newsle er produced by the Center for Interna onal Business Educa on at Prairie View A&M University. This issue features four sec ons. The first sec on (South Africa: Basic Facts) is a narra ve on the geography, economy, government, tourism, and other important aspects of South Africa. The second sec on (New Grant from UNCFSP) is a brief synopsis of a new grant we have recently received from the United Negro College Funds Special Programs Corpora on. The third sec on (USA‐South Arica Trade Sta s cs) presents recent sta s cs about US‐South Africa trade pa ern. The last sec on (South Africa ‐ Upcoming Trade
Dr. Rahim Quazi
Expos) lists upcoming expos, conferences and other trade shows/events in South Africa. Editor
Please note that all URL links are ac ve and you can go directly to an ar cle from the table of contents sec on on the first page. We hope you con nue to find this e‐newsle er a valuable channel for important informa on rela ng to interna onal business. We do hope our efforts will inspire greater number of local firms to seek out new global business opportuni es. Should you have any ques ons or sugges ons, please feel free to contact us. Thank you for your support. Rahim Quazi, Ph.D. Editor, Prairie View Interna onal Business Digest Prairie View A&M University ‐ College of Business E‐mail: rmquazi@pvamu.edu Phone: (936) 261‐9225 CIBE Receives New Grant Funding from UNCFSP
The CIBE has recently received a new grant from the United Negro College Funds Special Programs (UNCFSP) Corpora on to strengthen the global business/entrepreneurship program. This $75,000 grant will allow the PVAMU College of Business to update the global entrepreneurship curriculum, organize a field trip for PVAMU faculty and students to South Korea, assist the UNCFSP with organizing a trade delega on to South Africa, send two delegates in the UNCFSP trade delega on, offer teaching workshops for local high school educators, and purchase educa onal items for the CIBE. Prairie View Interna onal Business Digest Page 2
Volume 9 Issue 1
South Africa: The Basics
(Con nued from page 1.)
Economy: South Africa is classified as a middle‐income country with well‐developed financial, legal, communica ons, energy, and transport sectors and an abundant supply of resources. Total GDP is about $550 billion and per capita GDP is about $11,000 (2011), both adjusted for purchasing power parity. The country has four main economic centers ‐ Cape Town, Port Elizabeth, Durban and Johannesburg/Pretoria. The Johannesburg Securi es Exchange (JSE) ranks among the top 20 stock exchanges in the world. The country has a modern infrastructure suppor ng an efficient distribu on of goods to major urban centers throughout the region. South Africa is also the con nent’s largest energy producer and consumer. Tourism: South Africa offers scenic beauty, diverse wildlife, a variety of cultures and tradi ons as well as wonderful outdoors for sport and other adventure ac vi es. Tourism is the country’s fastest‐growing industry and con nues to make a significant contribu on to job crea on. The fastest‐growing segment of tourism is ecological tourism (ecotourism), which includes nature photography, bird‐watching, botanical studies, snorkeling, hiking and mountaineering. Community tourism is becoming increasingly popular, with tourists showing interests in visi ng South Africa’s rural areas. Transporta on Infrastructure: South Africa boasts a first‐rate transporta on infrastructure. There is a well‐maintained network of roads and motorways in populous regions. Public roads are well developed and well sign‐posted with driving done on the le . There are frequent direct and indirect flights by numerous major airlines from des na ons throughout Europe and North America. There are six interna onal airports ‐ Johannesburg (JNB), Cape Town (CPT), Bloemfontein (BFN), Durban (DUR), Port Elizabeth (PLZ), and Kruger Mpumalanga (KMIA). Other Resources on South Africa:
U.S. Department of State ‐ Country Specific Informa on: h p://travel.state.gov/travel/cis_pa_tw/cis/cis_1008.html CIA The World Factbook h ps://www.cia.gov/library/publica ons/the‐world‐factbook/geos/sf.html BBC ‐ Country Profile h p://www.bbc.co.uk/news/world‐africa‐14094760 Prairie View Interna onal Business Digest Page 3
Volume 9 Issue 1
United States of America‐South Africa Trade Sta s cs
US Exports to S. Africa ‐ Top 5 Categories (millions US $)
$)le 3:
Category Total Machinery (Except Electrical) Transporta on Equipment Chemicals Primary Metal Manufacturing Computer and Electronic Products 2007 5,521.40 1,360.06 1,121.73 667.94 99.46 547.62 2008 6,490.47 1,579.87 1,158.00 739.97 221.72 628.82 2009 4,452.64 1,017.81 669.38 566.84 70.81 509.66 2010 5,631.14 1,247.84 860.05 758.25 426.71 487.11 2011 7,257.21 1,845.98 1,040.51 807.92 584.76 532.20 2010 8,220.13 3,495.60 1,847.44 1,336.70 550.98 159.17 2011 9,486.67 3,819.07 2,405.11 1,282.77 733.35 243.17 To
US Imports from S. Africa ‐ Top 5 Categories (millions US $)
Category Total Primary Metal Manufacturing Transporta on Equipment Misc. Manufactured Commodi es Chemicals Machinery (Except Electrical) 2007 9,054.12 5,270.51 869.26 1,183.44 463.84 125.75 2008 9,948.02 4,665.30 2,184.90 1,224.71 674.16 166.86 2009 5,878.86 2,183.81 1,563.96 811.07 441.57 157.07 Top Ten US States Expor ng to S. Africa (millions US $)
State 2007 2008 2009 2010 2011 Illinois 819.47 926.62 542.61 613.38 965.90 Texas 644.35 804.04 538.92 624.51 856.97 New York 245.66 455.04 205.54 627.84 820.63 Pennsylvania 194.29 237.17 250.00 261.80 357.95 California 334.75 340.61 265.92 308.95 300.67 South Carolina 280.50 230.91 93.37 157.10 278.85 Ohio 277.49 188.57 132.61 239.46 250.09 Florida 163.28 168.47 127.25 206.45 235.74 Wisconsin 140.73 144.16 149.70 157.25 226.28 New Jersey 112.03 231.25 163.78 99.27 225.40 Prairie View Interna onal Business Digest Page 4
Volume 9 Issue 1
South Africa: Upcoming Trade Expos
Mining Africa Summit
Date: October 23‐24, 2012; Venue: Sandton Conven on Centre, Johannesburg Website: h p://miningafricasummit.com/ Africa Electricity 2012 Date: October 23‐25, 2012; Venue: Gallagher Conven on Centre, Johannesburg Website: h p://www.africaelectricity.com/ Africa Oil Week
Date: October 29 ‐ November 02, 2012; Venue: BMW Pavilion, V&A Waterfront, Cape Town Website: h p://www.petro21.com/events/?id=755 Durban Motor Show Date: November 02‐04, 2012; Venue: Durban Exhibi on Centre, Durban Website: h p://www.durbanmotorshow.co.za/ Power‐Gen Africa Date: November 06‐08, 2012; Venue: Sandton Conven on Centre, Johannesburg Website: h p://www.powergenafrica.com/ Renewable Energy World Africa 2012 Date: November 06‐08, 2012; Venue: Sandton Conven on Centre, Johannesburg Website: h p://www.renewableenergyworldafrica.com/ The Mine Managers Show Africa Date: November 07‐09, 2012; Venue: Riviera on Vaal Hotel & Country Club, Vereeniging Website: h p://www.terrapinn.com/conference/mine‐managers‐show‐africa/ The Green Expo Date: November 23‐25, 2012; Venue: Interna onal Conven on Centre, Cape Town Website: h p://www.thegreenexpo.co.za/ Powering Africa: The Financial Op ons (PAFO) Mee ng
Date: November 26‐28, 2012; Venue: Vineyard Hotel, Cape Town Website: h p://www.energynet.co.uk/PA/PAFO2012/index.html Sustainable and Cost Effec ve Healthcare Services in South Africa Date: March 12‐14, 2013; Venue: Cape Town Interna onal Conven on Center, Cape Town Website: h p://www.sbs.co.za/sa e2013/ Africa Health Exhibi on Date: May 07‐09, 2013; Venue: Gallagher Conven on Centre, Johannesburg Website: h p://www.africahealthexhibi on.com/ Prairie View Interna onal Business Digest Page 5
Volume 9 Issue 1
PVAMU College of Business
Vision and Mission Statements
Vision Statement:
Our vision is to empower students from diverse backgrounds to become produc ve and ethical business professionals who are among the best in the world. Mission Statement:
We provide a diverse student body with an educa on that creates highly produc ve professionals who are ethical, entrepreneurial, and prepared to succeed in the global economy. The College achieves this through excellence in teaching, research and service, and engagement with the business community and other stakeholders. The student experience is dis nguished by personal a en on, teamwork, leadership training, and apprecia on of the social responsibility of business. Prairie View A&M University College of Business P.O. Box 519; MS 2300 Prairie View, TX 77446 Next Issue ‐ December 2012
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