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NEPAD has been proclaimed a "new dawn for Africa, since, for the first time in history of Africa, her leaders have collectively taken responsibility for the continent's development.

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Introduction

EXECUTIVE SUMMARY NEPAD has been proclaimed a "new dawn for Africa, since, for the first time in history of Africa, her leaders have collectively taken responsibility for the continent's development. The dream of good governance, sustainable development, eradication of poverty and emancipation of women in a continent such as ours is indeed a brave one. Given the problems facing the continent and the difficulty in achieving the goals, it is no surprise that there is much skepticism. Observers have been asking, what is so different about NEPAD? Why should NEPAD succeed where other endeavors failed? The commitment of African leaders has also been questioned. Commentators argue that many African leaders do not seem to care about their own people, let alone those from other countries. We consider these questions and take into account South Africa's role. The European Union (EU), has successfully combined the talents of the European countries and has emerged as the largest economic union in the world, can we emulate this feat? We examine NEPADs strategy and analyse its goals and underlying principles. We consider the issues that affect Africa and look at how NEPAD is addressing these issues and what current best practice has been considered in drawing up its strategy. We look at South African role in NEPAD and analyse our own government's policies and actions. Are we leading by example? We give a brief overview on the strategy of some of the government-owned companies such as Eskom and Transnet. It has been stated that the biggest test for NEPAD is to encourage African businesses into inter-Africa trade and investment. In view of this we have considered 3 diverse South African companies v.i.z Illovo Sugar, Shoprite and MTN, and look at what steps they have taken in applying the best practice and principles of NEPAD. Finally we look at the challenges facing South African Organisations in doing Business in Africa, we consider Social Political and Economical issues that need to be considered. ...read more.

Middle

South African is considered to have the best infrastructure and the highest GBP in Africa. Below is a table of the comparison of African countries by GDP as at march 2004. Table 1.0: African Countries and GDP Country Description Amount 1. South Africa $402.4 billion 2. Egypt $232.5 billion 3. Algeria $161.3 billion 4. Nigeria $113.7 billion 5. Morocco $101.8 billion 6. Tunisia $60.8 billion 7. Sudan $55.9 billion 8. Ethiopia $43.0 billion 9. Ghana $37.9 billion 10. Zimbabwe $33.3 billion 11. Kenya $30.8 billion 12. Angola $28.7 billion 13. Uganda $26.8 billion 14. Cote d'Ivoire $26.1 billion 15. Cameroon $25.3 billion 16. Mozambique $15.1 billion 17. Guinea $14.7 billion 18. Senegal $14.4 billion 19. Madagascar $13.0 billion 20. Botswana $11.5 billion 21. Namibia $11.3 billion 22. Burkina Faso $11.0 billion 23. Mali $8.6 billion 24. Niger $8.1 billion 25. Rwanda $8.0 billion Source: http://www.nationmaster.com/graph-T/eco_gdp_ppp/AFR 2.1 Government Alignment Of all the African countries, the South African Government has been able to successfully align their big business into acceptance of NEPAD principles. In fact the Government also leads in the application of NEPAD principles this respect by example. The SA Government is using the best practices and themes of NEPAD in its policies and action. We see this South African Strategic regional agreements undertaken by the South African Government, such as, SADEC Agreement allow for free trade and common markets within the Southern African Region and AGOA which allows for easier access for textile goods from Southern Africa to US Markets, MMTZ (Malawi, Mozambique, Tanzania and Zambia) agreement which allows for the member countries to share preferential custom duty tariffs. Regional partnerships in water use that South African had jointly initiated are water projects such as Lesotho Highlands Project and the Carbora Bassa Dam; these are examples of joint ventures on water for neighbouring Southern African Countries. The South African government is actively involved in peace initiatives in Africa, e.g. ...read more.

Conclusion

* High corporate taxes; * Currency fluctuations; * Language and culture barriers; * Government or political interference in decision making; * Inconsistent or limited sector specific policymaking. 5.0 Conclusion. The NEPAD initiative has the potential to unlock the development opportunities that exist in Africa for S.A companies. NEPAD can only enable this by living up to its objectives and standards and by creating actionable agendas that identify and prioritise NEPAD projects. (SARPN:10 Jun 03). In order for all S.A Companies to successfully engage in NEPAD we believe that three specific points need considering by all stakeholders, these are: * The NEPAD Business Initiative needs to change business leader's perceptions that it is merely a politically run initiative. * The NEPAD Business Initiative needs to include other countries/regions so that it does not acquire the perception that it is a S.A dominated initiative. The incorporation of these other African businesses will give NEPAD the much-needed credibility amongst the greater African population. * In view of the above, it stands to reason that with power and business superiority comes responsibility. To would therefore it will become imperative on South African companies to follow the NEPAD principles religiously since their social and ethical behaviour will be very closely monitored by the various stakeholders; SA companies will need to lead the NEPAD business initiative by example. We conclude that NEPAD presents to Africans opportunities for all sectors of the economy and society to meaningfully contribute to the quest for African development and global sustainability. It is a window of opportunity for Africans to grasp the opportunities presented, to develop our societies, economies and environment - putting our continent on the path to true sustainability and taking our rightful place in the global family of nations. We should not just sit back and wait for this to happen - as Africans we must take ownership of NEPAD as a business prospectus and make it happen by investing our resources, human capacity and equity in this continent we call home. ...read more.

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