EBM N6 ASSIGNMENT 1 SEM1/2024 engages in subsistence agriculture and herding, Namibia has more than 200 000 skilled workers, as well as a small, well-trained professional and managerial class. Namibia is a high middle income country with an estimated annual GDP per capita of US $5,828 but has extreme inequalities in income distribution and standard of living. Since independence, the Namibian Government has pursued free-market economic principles designed to promote commercial development and job creation to bring disadvantaged Namibians into the economic mainstream. To facilitate this goal, the liberal Foreign Investment Act of 1990 provides guarantees against nationalisation, freedom to remit capital and profits, currency convertibility and a process for settling disputes equitably. Namibia also is addressing the sensitive issue of agrarian land reform in a pragmatic manner. However Government runs and owns a number of companies such as Air Namibia, Transnamib and NamPost, most of which need frequent financial assistance to stay afloat. This country's sophisticated formal economy is based on capital-intensive industry and farming. However, Namibians economy is heavily dependent on the earnings generated from primary commodity exports in a few vital sectors, including minerals, especially diamonds, livestock, and fish. Furthermore, the Namibian economy remains integrated with the economy of South Africa, as the bulk of Namibia's imports originate there. The Namibian economy is closely linked to South Africa with the Namibian dollar pegged to the South African rand. Ninety percent of Namibia's imports originate in South Africa and many Namibian exports are destined for the South African market or transit that country. Namibia's exports consists mainly of diamonds and other minerals, fish products, beef and meat products, karakul sheep pelts and light manufactures.
4.1 State FOUR factors that could serve as motivation for a South African company to export to Namibia. (4x2=8) 4.2 What kind of Assistance can a South African business enterprise expect from the Department of Trade and Industry (DTI)? (4x1=4) 4.3 Name and discuss TWO methods that you could use to enter the Namibian market (2x2=4) 4.4 Draw up a marketing plan to open up a Spur Franchise in Namibia. The Plan must include: 0 Target Market Media for Advertising 0 Spur Slogan 0 0 Language for adverting Promotions City/Town for the first outlet to launch 4.5 What type of Franchise is Spur Franchise (6x2-12) (2) 4.6 Name and discuss other THREE types of Franchising and provide examples of those franchise business
