Business Environment In South Africa Research Paper

stemma Environment In South Africa - Research Paper ExampleIn addition, the country has a educate business environment that enables business to easily export and import goods. This is also advantageous to the global businesses that calculate the marker because it increases their global competitiveness. Most global companies prefer South Africa because its manufacturing base for product exports is also non expensive. This is because it is easier to access other markets such as the Sub-Saharan Africa, Australia, and South American markets from the country (Chalmers & Godfrey 273).In addition, businesses that demean the market have high opportunities to grow. This is because of the faster economic growth in the country. Furthermore, it is easier to enter the marker because of the governmental stability that has contributed to the creation of the friendly business environment. Political stability has enabled most of the global business to melt effectively because it makes the coun try integrated into the global market system. It is also easier to do business in the county because of the heathen diversity. Most global businesses find it easier to team up with the local citizens because of the many different cultures. For instance, the country has close to 11 common languages of which English is the most used. This implies that there argon no misunderstandings due to communication difficulties. accounting entry the market is also easier because corruption is not very high in the country. Researches show that among the 163 countries, South Africa is rated deed 54 for its transparency. (Chalmers & Godfrey 273). The countrys company law regime The South African government has employ various business laws that aim at promoting the competitiveness of the businesses that enter its market. The English law has influenced the favorable level-headed environment in the country. It easier for global firms to perform effectively since the businesses legal practices re lating to transactions and agreement are relevant internationally. This is because the laws have been aligned with the global norms and conventions. For instance, the countrys constitution is excellent and promotes the autonomy of the judiciary. This implies that most businesses play under the free economy framework. In addition, the legal system is opened to all the businesspersons including the foreigners on follow legal term. The commercial law also ensures that the businesspersons rights are protected by the independent courts. The Johannesburg Stock interchange (JSE) is among the leading crinkle exchanges globally due to the countrys favorable commercial legal system. The JSE expressage helps in ensuring that all companies in the market increase their capital in a comfortable and sensibly regulated market environment. The JSE also helps in increasing the quality of its companies by ensuring that all the companies in the stock market achieve higher standards compared to ot her world- class exchanges. This ensures that shareholders enjoy competent and secure market (South Africa Info.1). State-owned enterprises The state-owned enterprises (SOE) are the government owned corporations or entities in South Africa that perform certain functions as required by the law. They play a great role in creating a comfortable business environment in the country. For instance, they improve the countrys infrastructure and other services industries such as transportation and irrigate that help in