Introduction
The year 2014 is an important year for South Africa. The first elections after the death of South African ex-president Nelson Mandela will take place and after twenty years of democracy, the world will be watching us again. The world holds much interest in the economy and politics of South Africa as was discussed in Appendix A and Appendix B and it is safe to assume that the world is a stakeholder in the politics and economy of South Africa.
The purpose of this essay is to explore the world’s stake in South Africa, its nature and what implications the 2014 elections has on it. I will be exploring the South African mining industry by looking at the current platinum strikes and its implications on foreign investors. I will be
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Department of Trade and Industry, 2013). This means that whatever changes are made or issues arise in the South African government regarding mining and farming for example, will be in the interest of the Chinese government. An example of such interest by Chinese investors can be seen in the current platinum strikes. South African exports mainly minerals, particularly platinum and gold and is very vulnerable to changes regarding demand and prices in the international commodity markets (South African Reserve Bank, 2014). South Africa has lost billions in the mining industry due to strikes which is causing favourable conditions for Chinese investors to acquire assets at cheaper prices (www.bloomberg.com, 2014). The strikes are estimated to run into the election period causing China and the rest of the world with a stake in South African mining to pay close attention. According to the South Africa metals report, the immediate threat to the metals industry in South Africa is the disruption of raw material supplies due to strikes in the mining industry (www.businessmonitor.com, 2014).
In a speech given by President Jacob Zuma in February 2014, the president stated that the country has intervened in the mining sector because of its importance as a key job driver (Zuma, 2014). The president also stated that mining is South Africa’s biggest earner of foreign exchange (Zuma, 2014).
Little things in life can impact the world in many ways whether it's good or bad. In this case right now the Democratic Republic of the Congo is facing a big conflict with these minerals. The type of minerals people are fighting for are mined from the floor tantalum, tungsten, tin, and gold are the one that they're looking for. This is a big deal because the mineral trade has been linked to other crimes that rebel groups who commit mass atrocities, including rape and murder. It may not seem like a big deal but numbers don't lie , but you'll be surprised what they use these minerals for. They use these minerals to make phones,laptops(which I'm using right now so ironic right), light bulbs , a pair of earrings you name it. We are preventing
Mining is the process of extracting core minerals from the earth so that they may be used as the building blocks of our society. It is the process of harnessing these natural resources that are available and using them to create “prosperity” for not only the shareholders but also the employees and businesses that work with them and the community that surrounds them. People everywhere benefit from the services of mining because the modern conveniences that they utilize everyday such as cell phones and computers use materials that are extracted from mines. Mining impacts economies positively on both a personal level as well as on a mass scale.
How has the increase in commercial and independent mining in Sierra Leone and the Democratic Republic of the Congo affected and promoted the degradation of the environment and furthermore the social strife through civil war and terrorism of these developing countries?
Barrick Gold Corporation has been struggling with its relationship with the people of Tanzania – specifically in North Mara. Despite numerous efforts to fix this issue, the North Mara mining site is still experiencing a large amount of discontent between the company and, more importantly, the citizens. Barrick Gold Corporation must find a solution for this problem to become more socially responsible, build a stronger relationship with the citizens in North Mara and to allow the company to flourish in Tanzania. At the moment, there are no time constraints, but as a result of a long string of events, the situation has reached an unsettling point, where theft and murder is occurring. As a result, the matter must be resolved in no more than a year.
Corrupt President Mobutu Sese-Sekou took control after this, until a violent coup by the current President Kabila took him out of power. Similarly to other African countries, there are large revolts every couple of years, and there is never a time of total peace. Global Witness continues that continuous unrest and civil wars in Central Africa have caused a great dearth of funds for fighting these wars. In order to combat this, African Warlords, and sometimes the governments themselves, mine diamonds and illegally sell them in order for them to fund civil wars ("The Truth About Diamonds"). Furthermore, the mines themselves are inhospitable places (see figure 1). Greg K., a contributor to the website of Brilliant Earth, a diamond retailer committed to putting a stop to the blood diamond trade, reports that miners often do not have the proper equipment or sanctions to ensure their safety. They are also severely underpaid, as most African miners make less than one dollar for a full day of dangerous work. As a result, mining communities are often the poorest communities and starvation, illiteracy, homelessness, and infant mortality are everyday problems. It may seem absurd that millions of people subject themselves to the long hours and dangerous working conditions of working in Africa’s diamond mines, but According to Time magazine author Aryn Baker, due to the fact that there are no other jobs are available to the miners, if they want to feed
According to Democratic Peace Theory, nations that are democracies do not engage with each other in direct conflict. The trade relations, democratic norms and values deter any kind of direct violence between nation states. Conflict is redirected from the battlefield to political spheres where participatory polities allow citizens to have a voice, as well as economic markets, to provide gainful employment and trade between individuals and societies. However, efforts at post-conflict reconstruction too often exchange cessation of direct violence for economic violence - through income inequality, exploitation and oppression. Governments need to carefully plan out economic policies to avoid a “second conflict”. This paper will examine South Africa as a case study to look at the transition from racial segregation and discrimination to economic isolation and marginalization. Actors that shape and influence this transitory phase include the World Bank, the IMF, local politicians, foreign investors and of course, the people.
Many of the contemporary issues in South Africa can easily be associated with the apartheid laws which devastated the country. The people of South Africa struggle day by day to reverse “the most cruel, yet well-crafted,” horrific tactic “of social engineering.” The concept behind apartheid emerged in 1948 when the nationalist party took over government, and the all-white government enforced “racial segregation under a system of legislation” . The central issues stem from 50 years of apartheid include poverty, income inequality, land ownership rates and many other long term affects that still plague the brunt of the South African population while the small white minority still enjoy much of the wealth, most of the land and opportunities
South Africa 's history and politics are complex and dominated by the country 's harrowing journey to end apartheid.
R. (1996). The Political Economy of South Africa: From Minerals-energy Complex to Industrialisation. United Kingdom: C. Hurst & Co. Publishers.
South Africa’s current socio-political realities are conditioned by hundreds of years of migration from Africa, Europe, and Asia. South Africa’s internal politics have also
The following case study examines South Africa’s Debts, its legality and development, and consequently the repercussions.
May 2000, governments and diamond industries collaborate in South Africa in the town of Kimberley to try to put a stop on the diamond trade; trying to get rid of conflict zones
Good morning. As a representative and leader in the Democratic Alliance, I have come here today to explain to you why the DA sees a brighter and more opportune future for South Africa. However, we need your support in order to change our country into a nation of hope and for our dream of everyone to live in peace and prosperity to become a reality.
After the formation of the Government of National Unity, there was increased support from the international world on how to come up with a sound political framework and policy formulation that could encourage foreign investors, and true to form, the two parties have been trying to work with each other so as to do so. South Africa and Botswana, although closer to home than the usual British and American investors, have already started investing in the mining and farming sectors, with notable billionaires such as Patrice Motsepe of South Africa playing a crucial part in the field.
From 1994 South Africa has been a democracy, it has been led by a government which is decided upon by the people of South Africa in quadrennial national elections. This essay specifically expands upon the 2014 elections and will elaborate on every factor of these elections.