Opportunities to Improve International Business Prospects in South Africa - Essay Example

Summary

In the paper “Opportunities to Improve International Business Prospects in South Africa” the author considers expanding the business in Durban, South Africa to be among the leading companies in the global manufacturing of mechanical types of equipment…

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Opportunities to Improve International Business Prospects in South Africa

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Subject: Business
Type: Essay
Level: High School
Pages: 2 (500 words)
Downloads: 3

Extract of sample "Opportunities to Improve International Business Prospects in South Africa"

The economy is undergoing rapid growth especially with the concerted efforts by the government and stakeholders to enhance the recovery from the inefficiencies of apartheid. According to Lundahl and Petersson, there has been notable growth in the manufacturing and transport sector (33). However, employment opportunities are fewer than the employable population in the country. The government is, therefore, encouraging foreign investors to establish a business in the country in a bid to solve the problem of high unemployment rates (Prasad et al. 13). This is the reason our company has been granted approval to establish in Durban where it may help in creating employment opportunities for locals.

On the other hand, the city’s political climate is encouraging. The politicians are concerned about economic growth and the empowerment of people to improve their standards of living. Our company enjoys an unmatched reputation in the region and therefore there is no doubt of imminent success.It is evident that the move to Durban, South Africa is a significant global strategy. The politicians are concerned about economic growth and the empowerment of people to improve their standards of living.

Our company enjoys an unmatched reputation in the region and therefore there is no doubt of imminent success. It is evident that the move to Durban, South Africa is a significant global strategy that will enhance the accomplishment of company goals. There are many unexploited opportunities in the country that match our company’s strengths. The globalization of our company will help us to cope with the rising competition in the local market. We might encounter some challenges, but the opportunities ahead are worth this mission.

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