Business And Politics In South Africa Case Study

1391 Words 6 Pages
In 1652, Dutch traders founded Cape Town, South Africa when establishing a stopover point between the Netherlands and the Far East. In 1896, countless of Dutch immigrants made their way up north to find their own land after the British seized the Cape of Good Hope area. The Dutch settlers were known as Afrikaners, or Boers (farmers) to the British. When diamonds were discovered in 1867 and gold in 1886, they encouraged wealth and immigration while increasing suppression to the native population. Although the Afrikaners battled the British and were defeated in the Second South African War in 1899-1902, they came together under the Union of South Africa in 1910. In 1961, the Union of South Africa became a republic following the whites-only vote. In 1994, there were the first multi-racial elections and in 2008, South Africa’s President Thabo Mbeki was recalled by parliament after the African National Congress internal strife came to an end. After the African National Congress won the general election in 2009, Jacob Zuma …show more content…
One of the main reasons for South Africa becoming one of the most popular trade and investment destinations in the world is due to the country ensuring that it can meet specific trade and investment requirements of prospective investors. The Department of Trade and Industry (the dti) offers services by coordinating with regulatory institutions and other government departments to resolve issues, such as residency permits, zoning of land as well as other regulatory matters. Companies note that government decisions (e.g. on land leases, permits, certification of products, etc) often take long, which may affect investment decisions or marketing strategies. Policies and tender procedures are also not always consistently

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