Making use of natural resources can be a way for an economy to gain income and export revenue. The sale of oil, gas and other natural resources have enriched many developing economies enabling them to gain capital to invest in public services within the economy.
Simphiwe Mbokazi Pretoria - About four million people in South Africa are dependant on the motor industry. This was one of the findings of research conducted by economics consultancy Econometrix for the National Association of Automobile Manufacturers of South Africa Naamsa into the economic and socio-economic impact of the industry.
Rob Jeffrey, who compiled the report with Johannes Jordaan, said the industry had employed people directly in the formal and informal sector inbut that did not take into account the large number of jobs created in industries that were dependant on the automotive industry.
Jeffrey said their impact model showed that it supported more than employees in the formal economy, which could be multiplied by four to take account of all the dependants supported by the industry.
Job opportunities He said the industry contributed an estimated R It added that the industry spanned the primary, secondary and tertiary sectors of the economy and supported a wide range of businesses in South Africa, both upstream and downstream, along with adjacent industries.
The industry contributed 7. Between and the industry contributed R It stressed that government support of the industry was necessary because re-industrialisation was vital for the revival of economic growth and employment in South Africa; the automotive industry was a crucial job driver in the economy; and the industry made a significant contribution to the economy in terms of GDP, employment, compensation, government revenue, exports and capital investment.
Impact Mike Whitfield, president of Naamsa and managing director of Nissan South Africa, said the automotive industry had invested more than R29 billion in South Africa in the past five years.
The report said the economy-wide direct, indirect and induced impact of the closure of the automotive industry in South Africa would result in the loss of 7 percent or RThis issue of “Doing Business in the Philippines”, published by SGV & Co., offers only a snapshot of With the government and the private sector working hand in National Health insurance 37 Emergency, Medical, and Dental Services 37 Woman and Child Labor to banks and the shadow banking sector also impact the business of banking, the creation of jobs and economic growth.
The Business of Banking: fact, there are 2, banks—40 percent of the banking industry—that have been in business for more than a century; 67 percent (4,) of banks have been in business for more than half a century. Business sector · Private sector The primary sector is concerned with the extraction of raw materials.
It includes fishing, farming and mining. Primary industry is a larger sector in developing countries; for instance, animal husbandry is more common in countries in Africa than in Japan.
Tracking, monitoring and reporting in the primary sector: West Lothian Council Tags: Reporting, Practice exemplars, School Improvement This will result in the local authority being able to centrally pull attainment information for any local or national returns, reducing the requirement on schools being asked to submit this information.
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