Investment in South Africa - 1213 Words

Caltex plant was established in South Africa in 1977 after the owners decided to expand its operations in South Africa. The construction of the plant brought controversy over the interested parties, there were two dimensions of the utilitarian benefits of the Caltex plant, and there were violations of the justice and of moral rights whereas on the other side there were possible benefits to the South Africans. The plant setup was helpful in that it provided job opportunities to majority of South African blacks, for their families and dependants. By 1976, American companies in south Africa had employed more than 60,000 people, this ensured that they had something to rely on for their survival, another benefit is that Caltex provided support†¦show more content†¦For the second resolution, that asked Caltex not to sell to the police or military of South Africa, again I will vote for the stand, investments in South Africa were not meant to improvise or innovate on new ways of fur thering apartheid; it should stop selling the oil to the forces. This will ensure any expenditure on death, violence, segregation and unwarranted imprisonment is cut down to earth, my vote will be a strong position irrespective of amid protests from other majority shareholders. There are expectations that bureaucracy in the government will maneuver its way to ensure sales to oil the military and police, since the military and the police were the heartbeat of unlawful apartheid, any action separating Caltex from their operations will be a huge boost to the south Africans. For the third resolution, I will vote for the implementation of four tutu principles, though the principles are moderate, they were aimed at blackmailing the government in apartheid by submissions of articles cleverly written, though the clause on unions brings controversy as they may ultimately become political platforms. The managers of Texaco and So Cal should have been human and make resolutions to vote as I wo uld have voted, all human beings are equal and none should suffer on only because the other party has a comparatively advantageous position. Universal code of ethics should guide eachShow MoreRelatedThe 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 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 MoreBenefits Of Economic Globalization On South Africa Essay1346 Words   |  6 PagesGVPT200-Essay II South Africa has reaped the benefits of economic globalization first hand as it has emerged to become a major economic power in Africa, especially in recent years. This country has been infamously plagued by apartheid, an inhumane policy of segregation based on grounds of race, which also had economic consequences as trade sanctions were established in 1986 by the United States in response to South Africa’s policy of apartheid. However, apartheid ended in the 1990s and the South AfricanRead 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 im port partners to suffer in the process. South Africa’s export demand in the UK market is going to decreaseRead MoreEssay about South African Investment1083 Words   |  5 PagesA South African Investment Shanquetta Dupree PHI 445 Instructor: Whitfield May 17, 2011 In your judgment, were the possible utilitarian benefits of building the Caltex plant in 1977 more important than the possible violations of moral rights and of justice that may be involved? Justify your answer fully by identifying the possible benefits and the possible violations of rights and justice that you may be associated with the building of the plant and explaining which you think are more importantRead MoreA Report On Hotel Investment Conference Africa931 Words   |  4 PagesRELEASE AFRICA IS STILL THE ‘GO TO’ PLACE FOR HOTEL INVESTORS – UNPACKING THE OUTCOMES OF HOTEL INVESTEMENT CONFERENCE AFRICA 2014 South Africa, Pretoria, 29 September 2014: â€Å"Africa remains the ‘go to’ place in the world, in as far as hotel investment and growth is concerned - and it will be for some time to come† says one of South Africa’s leading economists and Chief Economist for Investment Solutions, Chris Hart. Addressing delegates at the recent Hotel Investment Conference Africa (HICA)Read MoreAnalysis Of Making An Investment In A Foreign Market1569 Words   |  7 Pages Making an Investment in a Foreign Market Name: Institution Making an Investment in a Foreign Market Introduction As globalization intensifies, the business community tends to expand its operations towards the international market. This can be as a result of intense competition in the local market, need to increase sales and profits margins, to enhance the company’s prestige, to create jobs, to increase the value of the entrepreneurs among others (Bodie, 2013). Before goingRead MoreSouth Afric A Role As A Leader Essay1383 Words   |  6 PagesSouth Africa plays a role as a leader come out of Africa and engaging in Africa or through whom the established powers could engage with Africa. The Mbeki administration argues that the role given to South Africa was a role South Africa took on its own. The errors in South Africa playing the role of regional power may have developed during Mandela’s phase,  due to over doing of goodwill. Thabo Mbeki’s role was to try bring South Africa to be a regional power and this is seen in the formation of theRead MoreThe Effects of Globalizat ion1678 Words   |  7 Pageseconomy 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 positions like