The Economy Of South Africa Essay - 1942 Words

Introduction South Africa is a developing country (IMF, 2016). It is a member of the BRICS (Brazil, Russia, India, China and South Africa) since 2011. The UN (United Nation) recognised the BRICS countries as the main players in the structural shift in economic power, which are re-defining the world’s economic geography (Shubin, 2013). The economy of South Africa is one of the largest economies in Africa. According to World Bank’s data in 2015 the GDP of South Africa was (US$ 312.798 Billion) the second largest in Africa, the first was Nigeria (US$ 481.066 Billion) (See figure 1) (The World Bank, 2016a). South Africa is ranked as an upper middle income economy by the World Bank (The World Bank, 2016b). However, economic development and growth is a complex issue several factors can contribute to a country’s development level. Thus, understanding the meanings of economic indicators of economic development is crucial when it comes to interpreting economics statistics of South Afr ica (Akinboade Kinfack, 2015). The purpose of this paper is to investigate the importance and performance of trade in the economy of South Africa and examine the impacts of trade on employment rate, labour productivity and income inequality. South Africa s economic growth The new South Africa was born in 1994 as a democratic country. Which enabled the country to re-integrate into world market as a global economy (Masarira Msweli, 2013). Shortly after the re-integration the South Africa’s economyShow MoreRelatedSouth Africa s Economy Is Largely Based On Mineral Extraction And Processing2454 Words   |  10 PagesSouth Africa’s economy is largely based on mineral extraction and processing. This by its very nature is energy intensive. Until January 2008, when for the first time load shedding was implemented as demand outweighed supply, consumers had seen energy as finite. Historically low fuel and electricity costs had dis-incentivized the need to conserve energy (Government Gazette, 2009). South Africa’s challenges as a developing country is how to reconcile its inherent socio-economic issues with an economyRead MoreAdvantages 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. The new form of globalization is an interconnected world and global mass culture, often referred to as a global village. â€Å"(BhagwatiRead MoreWhat Is The Importance Of Brics In South Africa1171 Words   |  5 Pages SOUTH AFRICA South Africa has a urgent part to play in the BRICS development to advance our outside approach all inclusive and to accomplish our household arrangement destinations. South Africa was made member of BRICSin the last on invitation by China due to the reasons that South Africa has fast growing trading trends. Foreign trade in south Africa has increased which has led to decline in various boycotts imposed on trading in the past years. South Africa’s membership to BRICS is anchored onRead MoreStudying Existing Solar Pv Market1121 Words   |  5 PagesSOLAR PARK IN SOUTH AFRICA:- South African sun based PV business is expanding with many REIPPP tasks developed in . There are over 4 million sun based boards who have been introduced .Sun oriented influence in South Africa will help develop 25MW in the year 2012 to 1050MY by the year 2015. Recently various industries and mining organizations have found that it can spare them money and help them reduce certain costs. . http://www.greentechmedia.com/articles/read/How-Real-Is-The-South-African-PV-MarketRead MoreThe Current State Of South Africa1175 Words   |  5 PagesBACKGROUND ON SOUTH AFRICA 1. South Africa was called the hopeless continent 16 years ago. Much of the negative world view stemmed from wounds created by government supported racial segregation which continues to affect South Africa’s economy today; however, the abundant resources and potential economic growth of this country should not be overlooked. Despite wounds from its past South Africa has a wealth of resources which make it an important country to the world and to the United States. South Africa’sRead MoreThe Future of South Africa1708 Words   |  7 PagesThe future of South Africa Predicting the future development of South Africa has become increasingly difficult due to radical changes that have occurred in the last few decades. These changes have left South Africa in a state of social and economical unrest. The largest of these changes was the abolishment of Apartheid. This allowed for black vote, and thus in 1994 a black government. This lead to black empowerment, which was subjugated for hundreds of years. This however created a new series ofRead MoreSocio-Cultural Impacts990 Words   |  4 Pages2010 launched in South Africa, the main attraction was mostly on gold and diamonds. The number of crime rate is what people knew about South Africa, and since the high crime, so there are not so many people come to South Africa for travel or investment. Therefore, most of the cultural in South Africa are not familiar by the world. But FIFA World Cup has been the biggest and a very successful promotion for the cultural of South Africa and it also make a big impact to the South Africa society, it letsRead MoreSouth Afric A Country Of Diversity1269 Words   |  6 PagesSouth Africa is a country of diversity, with 11 languages that are officially recognized--Afrikaans, English, Ndebele, Northern Sotho, Sotho, Swazi, Tsonga, Tswana, Venda, Xhosa, and Zulu (Statistics South Africa, 2011). Although South Africa has diverse communities, much of its history has proven a lack of representation. Up until 1994, South Africa was ruled by a white minority government, which came into power in 1948 and enforced a racial segregation policy called apartheid—a policy that mandatesRead MoreEconomic Growth And Development Of South Africa1193 Words   |  5 Pages Viviers (cited by Vollgraaf 2016:p2) as a result of Brexit South Africa’s economic growth is expected to have a 0.1% cut-back due to its trading relations with the countries concerned. Bowler (2016:p1) stated that the UK’s pound depreciated after the Brexit occurrence, which could result in the UK’s imports being expensive. The country will be inclined to import less causing its trading import partners to suffer in the process. South Africa’s export demand in the UK market is going to decreaseRead MoreThe Effects of Globalization1678 Words   |  7 Pagessocieties and the economy of the world which results in a dramatic increase in investment, cross border trade s well as cultural exchange. Globalization is dominated by nation states, economies of national and the cultural identities of nations. Globalization creates an interconnected world with a global mass culture which is commonly referred to as a global village (Egnatz, 2011). South Africa is integrated highly into the world economy. South Africa is the strongest African economy and has attained

Cis 101 Quiz Free Essays

Exam Name_ ______ Chapter 6 MULTIPLE CHOICE. Choose the one alternative that best completes the statement or answers the question. 1) The main advantages of a notebook computer are all of the following EXCEPT: 1) __D____ A) Wireless Internet access is easy to install. We will write a custom essay sample on Cis 101 Quiz or any similar topic only for you Order Now B) They take up little space. C) They are portable. D) You get more speed for a lower price. 2) The main disadvantages of a desktop computer as compared to notebooks are the following EXCEPT: 2) __D____ A) A desktop computer is harder to move around. B) A desktop computer requires more space. C) A desktop computer is difficult to transport for repair. D) A desktop computer is more expensive. 3) CPU speed is measured in: 3) __D____ A) nanoseconds. B) megabytes. C) bits per second (bps). D) Hertz. 4) The amount of RAM recommended for most systems today is measured in: 4) __D____ A) Megahertz. B) Gigahertz. C) KB. D) GB. 5) ________ are fast becoming the most preferred means of portable storage. 5) __D____ A) DVDs B) CDs C) Floppy disks D) Flash drives Read also Quiz Week 4 6) All of the following can be connected to your computer through a port EXCEPT: 6) ___C___ A) scanner. B) an external hard drive. C) RAM. D) a printer. 7) Each of the following is a type of port EXCEPT: 7) ___C___ A) FireWire. B) Ethernet. C) FSB. D) USB. 8) An expansion card that translates binary data into images is a(n): 8) ___D___ A) game card. B) sound card. C) audio card. D) video card. 9) A MIDI port allows you to connect: 9) ___C___ A) scanners. B) notebooks. C) electronic musical instruments. D) digital cameras. 10) The technology that transmits data between two devices using infrared light waves is called: 10) _B____ A) Wi-Fi. B) IrDA. C)FireWire. D) Bluetooth. TRUE/FALSE. Write ‘T’ if the statement is true and ‘F’ if the statement is false. 11) The CPU is located on the motherboard. 11) __T___ 12) The CPU is the temporary storage location for all the data and instructions the computer needs when it is running. 12) __F___ 13) Accessing data from the hard drive to send to the CPU is faster than accessing data from RAM. 13) __F___ 14) Hard drives have the largest storage capacity of any storage device. 14) __T___ 15) The main distinction between a desktop and a notebook is Internet connectivity. 15) __T___ 16) CPU stands for computer processing unit. 16) __F___ 17) When there is not enough RAM installed in your system, the system becomes memory bound. 17) __T___ 18) A sound card is attached to the inside of your computer’s speaker. 18) __F___ 19) RAM is your computer’s permanent storage space for data that is entered from the keyboard. 19) __F___ 20) The amount of memory your video card needs depends on what you want to display on your monitor. 20) __T___ SHORT ANSWER. Write the word or phrase that best completes each statement or answers the question. 21) The time it takes a storage device to locate stored data and make it available for processing is called ________ time. 21) _Access Time__ 22) RAM is an example of ________ storage because when the power is off, RAM is cleared out. 22) _Temporary___ 23) The technology that uses radio waves to send data wirelessly over short distances is ________. 23) __Bluetooth Technology__ 24) USB stands for ________. 24) _Universal Serial Bus_ 25) The primary circuit board of the computer system is the ________. 25) _Motherboard_ How to cite Cis 101 Quiz, Essay examples

Trait Theory Of Leadership Strength And Limitations

Question: Discuss about the strengths and limitations of trait theory of leadership. Answer: Introduction The trait theory of leadership is modeled on both unsuccessful and successful leaders. The list of traits that is obtained by this method is compared to the traits of all individuals identified as potential leaders. This process is used to predict the chances of failure or success of the person being considered to exhibit traits of leadership. The primary conditions and characteristics used for the Trait Theory can be classified into intellectual, demographical, physiological, personality, goal or task driven and social behavior. Factors like age, socio economic background and education are considered under demographical characteristics while physical appearance including weight and height are part of the physiological characteristics that are considered. Similarly, personality traits include aggressiveness, self-confidence and so on; social characteristics include , co-operation, sociability and so on; while goal driven is related to persistence, initiative and achievement drive of individuals identified as potential leaders (McCormick, 2001), (Colbert, Judge, Daejeong, Wang, 2012). Does The Intricacy of The Topic Intimidate You? Tame Your Fear with Unmatched Assignment Help Services from Professional Writers. Strengths Of Louis Paster As Identified Using The Trait Theory Honesty and Integrity High achievement drive Emotional Maturity limitations of louis paster as identified using of trait theory Lack of business knowledge and acumen Conclusion It is often seen that persons may be born with certain traits that are inherited as it is believed that leaders are not made but born (Bowerman Van Wart, 2014). Individuals are known to emerge as leaders when faced with various tasks, situations and circumstances which bring leadership qualities like self-efficiency, adaptability, intelligence, innovation, and so on to the fore. References Bowerman, K. D., Van Wart, M. (2014). The Business of Leadership: An Introduction. New York: Routledge. Colbert, A. E., Judge, T. A., Daejeong, C., Wang, G. (2012). Assessing the trait theory of leadership using self and observer ratings of personality: The mediating role of contributions to group success. The Leadership Quarterly, 670-685. McCormick, M. J. (2001). Self-Efficacy and Leadership Effectiveness: Applying Social Cognitive Theory to Leadership. Journal of Leadership Organizational Studies, 22-33.