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Country Profile Report: South Africa


Branden Pope and Firdaush Bhadha
Mr. Hoey
Friday June 11, 2010

1. Executive Report (writing it last)

2. Our consulting company that we wish to venture over to the country of South Africa is Fibo Co., which is a deli produce store. It has fared well thus far and taking the next step forward in branching off into a foreign country will be nothing but a success. Fibo Co. will have distinctive advantages over the competitors in South Africa such as: Beef jerky, good packaging, long lasting. Dried fruits and fresh plants which are domestically (Africa) available to grow and produce to cut down on shipping cost, crops (corns, and wheat). 2nd Paragraph Here

3. Facts:
- South Africa is located in the southern part of the continent of Africa, capital city is Cape Town
- population approximately 49 million, Johannesburg largest city with 8.8 million
- has eleven official languages: Afrikaans, English, Ndebele, Northern Sotho, Sotho, Swazi, Tswana, Tsonga, Venda, Xhosa and Zulu
- Christians account for almost 80% of population
- ranked 25th in the world in terms of GDP (PPP) as of 2008
- currency is the South African Rand, (ZAR) is the most actively traded emerging market currency in the world
- Government type: Republic
- Head of state: Jacob Zuma

4. The currency of South Africa is the Rand, (ZAR) which was introduced on February 14, 1961.


5. South Africa’s most prominent trading partner, the United Kingdom, provides 41% of all imports and consumes 33% of all exports. Both use English as their business language, making communications regarding trade policy and other factors easy. At a close second, the United States is a recipient of about 20% of South Africa’s exports and South Africa receives about 11.4% of their imports from the United States. The obvious reason as to…...

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