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Published on 1/14/2021 additional information available

Formulate an ethical framework for the operational plans



The following information from Deneys Reitz, a legal entity in South Africa, illustrates important features of doing business in South Africa.  The legal system within which business operates is closely based on overseas, particularly English, models.  The concepts and rules will be familiar to overseas investors and trading partners.

Underlying the formal legislative system is a flexible common law system governing fields such as contract.  The common law is fair and logical and will hold no surprises for anyone doing business in South Africa.

Since achieving democratic government in 1994 the Republic of South Africa has had the benefit of a modern democratic Constitution which includes a Bill of Rights which is the cornerstone of democracy.  The Bill of Rights enshrines the rights of all people and affirms democratic values of human dignity, equality and freedom. Fundamental rights are thus totally protected.  The Bill of Rights governs the actions of government as well as private relationships.

Our country has highly sophisticated mining, commercial and industrial sectors which compete with the best throughout the world and attract considerable interest by overseas investors.  These sectors operate against a background of political and economic stability that encourage investment.

South Africa has developed equitable labour and employment laws.  While in comparison with some other economies the cost of labour is high, investors can operate in South Africa free of any potential criticism regarding the exploitation of labour.

South Africa has become the favoured staging post for investment in Africa south of the Sahara and provides opportunities for trading with Africa, second to none.  It is anticipated that Southern Africa as a whole, rich as it is in minerals and natural resources, will become a strong economic unit to the benefit of everyone involved in this region, including overseas investors.

Following information from Deneys Reitz, a legal entity in South Africa, illustrates important features of doing business in South Africa.  The legal system within which business operates is closely based on overseas, particularly English, models.  The concepts and rules will be familiar to overseas investors and trading partners.

Underlying the formal legislative system is a flexible common law system governing fields such as contract.  The common law is fair and logical and will hold no surprises for anyone doing business in South Africa.

Since achieving democratic government in 1994 the Republic of South Africa has had the benefit of a modern democratic Constitution which includes a Bill of Rights which is the cornerstone of democracy.  The Bill of Rights enshrines the rights of all people and affirms democratic values of human dignity, equality and freedom. Fundamental rights are thus totally protected.  The Bill of Rights governs the actions of government as well as private relationships.

Our country has highly sophisticated mining, commercial and industrial sectors which compete with the best throughout the world and attract considerable interest by overseas investors.  These sectors operate against a background of political and economic stability that encourage investment.

South Africa has developed equitable labour and employment laws.  While in comparison with some other economies the cost of labour is high, investors can operate in South Africa free of any potential criticism regarding the exploitation of labour.

South Africa has become the favoured staging post for investment in Africa south of the Sahara and provides opportunities for trading with Africa, second to none.  It is anticipated that Southern Africa as a whole, rich as it is in minerals and natural resources, will become a strong economic unit to the benefit of everyone involved in this region, including overseas investors.



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