Of course, not every entry fit that exact model: There were also plans focused on the use of drones for surveying oil and gas pipelines, screening tests for serious eye disease and ways to perfect the fine art of sandwich-making. New this year was the Wharton Social Impact Prize, given to a semifinalist team incorporating social impact into their business plan. Below are descriptions of the eight finalist business plans.
Economic history of South Africa The formal economy of South Africa has its beginnings in the arrival of Dutch settlers inoriginally sent by the Dutch East India Company to establish a provisioning station for passing ships. As the colony increased in size, with the arrival of French Huguenots and German citizens, some of the colonists were set free to pursue commercial farming, leading to the dominance of agriculture in the economy.
At the end of the 18th century, the British annexed the colony. This led to the Great Trekspreading farming deeper into the mainland, as well as the establishment of the independent Boer Republics of Transvaal and the Orange Free State.
In diamonds were discovered in Kimberleywhile in some of the world's largest gold deposits were discovered in the Witwatersrand region of Transvaal, quickly transforming the economy into a resource-dominated one.
The British annexed the area as a result of the Boer War which witnessed the placement of Boer women and children in British-built concentration camps. The country also entered a period of industrialization during this time, including the organization of the first South African trade unions.
The country soon started putting laws distinguishing between different races in place. In the National Party won the national elections, and immediately started implementing an even stricter race-based policy named Apartheideffectively dividing the economy into a privileged white one, and an impoverished black one.
The policy was widely criticised and led to crippling sanctions being placed against the country in the s. South Africa held its first multi-racial elections inleaving the newly elected African National Congress ANC government the daunting task of trying to restore order to an economy harmed by sanctions, while also integrating the previously disadvantaged segment of the population into it.
The government inherited an economy wracked by long years of internal conflict and external sanctions. The government refrained from resorting to economic populism. Inflation was brought down, public finances were stabilised, and some foreign capital was attracted.
From onward economic growth picked up significantly; both employment and capital formation increased.Innovation Prize for Africa: The Innovation Prize for Africa (IPA) is among one of the most lucrative innovation challenges on the continent.
The grand prize for this year’s competition is $ , while the second runner up will get $25 As the Arctic ice melts, the area is predicted to become a center of strategic competition and economic activity.
Last year, China signed a free trade agreement with Iceland and sent an icebreaker. The SME Toolkit Business/Partners Business Plan Competition for aspiring young entrepreneurs announced Lucky Shabalala as the regional winner for Johannesburg. This after Shabalala submitted his business plan for his company, Entertainment Neighborhood, a video gaming company which provides.
The world’s most complete listing of entrepreneurship contests, elevator pitch events, and business plan competitions. The Legal Hall of Fame highlights individuals who have received constant praise by their clients for continued excellence.
The Hall of Fame highlights, to clients, the law firm partners who are at the pinnacle of the profession.
In Europe, Middle East and Africa, the criteria for entry is to have been recognised by The Legal as one of the elite leading lawyers for seven consecutive years. John-Paul Iwuoha is an author, impact entrepreneur, business strategist and founder of Smallstarter Africa.
He works with entrepreneurs and investors to start up and grow businesses in Africa. His work and articles have been featured on several local and international media, including CNN, The Huffington Post, The Africa Perspective Magazine, Business Day and LinkedIn Pulse, among others.