Course Pack March 2019
The economy of South Africa is undoubtedly Africa’s most advanced and well integrated with the global economy. In terms of size, the South African economy is second only to that of Nigeria on the African continent. Within the southern African sub region, the economy of South Africa is a colossus and continues to champion the sub-regional integration agenda. The country’s financial system, which is home to one of the world’s elite Stock Exchanges, is well developed with all the features of the financial systems of the advanced countries. In the area of telecommunication, physical and energy-related infrastructure, the country is well advanced in the metropolitan areas but with considerable infrastructural deficit in the rural communities. Similarly, while the South African economy is among the most prosperous and promising on the continent, the country continues to grapple with high income inequality and relative poverty.
Botswana, a neighbour of South Africa and a key player in the SADC region, has had phenomenal economic gains and is regarded as one of the world’s rising economies. The growth momentum has however been subdued in recent times by the dwindling activities in the mining sector and although some recovery was registered in 2016 with a growth rate of 4.3%, the prolonged mining sector sluggishness, continuous shortages in the supply of water and electricity and drought led to a decline again in 2017 with growth standing at 2.4% (AfDB, 2018). Some turnaround is expected in the medium term (growth projected to be 4% by 2019) as significant recovery is expected in the mining sector and sectors other mining such as communication, transport, trade, business, financial services, hotels and restaurants are registering stupendous performances. Indeed, the decline in growth in 2017 could have been steeper but for the sectors other mining (AfDB, 2018).
Namibia, an integral player in the SADC region, is a neighbour to South Africa. Contrary to the country’s previous dispensation that saw complete state control of key sectors such as water and energy, there has been a paradigm shift, with the private sector actively participating in these important sectors. The paradigm shift is also expected to occasion massive private sector investment in the Namibian economy. The economy of Namibia has witnessed growth related challenges in recent times, particularly from 2015 with growth plummeting from as much as 6% in 2015 to as low as 0.7% in 2016. The economy, in 2017, shrunk by 0.8% on the back of fiscal consolidation and declining investment in the mining sub sector that has dampened demand in the economy (AfDB, 2018). The spiraling debt situation of the economy has necessitated the fiscal consolidation drive to tame the country’s debt levels. The Namibian economy continues to be heavily reliant on mining but that is expected to change as efforts are being made to diversify the economy. The country is also progressively investing in infrastructure, particularly in transport, supply of water and energy with as much as 74 billion Namibian Dollars (equal to 42% of the country’s GDP) being spent on infrastructural development (AfDB, 2018). This colossal investment (to be financed through development finance sources as well as private public participation), is meant to provide the impetus for the economic transformation and diversification agenda (AfDB, 2018).
This study tour will provide students with exposure to different economies and cultures in various destinations. It is designed to expose the student to different organisations in South Africa, Botswana and Namibia.
At the end this course, students will be able to:
- Develop contemporary knowledge about business practices, in South Africa, Botswana and Namibia, which will assist them to appraise the basics and standard protocol of interactions with the business environment in these countries.
- Critically assess the economy of South Africa, Botswana and Namibia and determine their strengths and weaknesses in respect of doing business.
- Compare and contrast different cultures and the way of life of Botswana and Namibia in relation to South Africa.
- Evaluate and analyse business models of selected company examples in South Africa, Botswana and Namibia.
This study tour underlies all other MBA courses as it contributes to the overall MBA qualification by providing a capstone integrated learning experience, whereby students can bring to bear their knowledge of the whole MBA programme. This knowledge will allow them to analyse a foreign economy and businesses in that economy. In addition, this course directly supports the core themes of the MBA in terms of critical engagement, context of South Africa and also issues of sustainability.
Decisions and methodologies which students are exposed to in their company visits and culture in country interactions – from Strategy to HR to Operations to Marketing – are expressed as the underlying issues and learnings of this course.
Curriculum tied to the Context in South Africa
The study tour draws on various South African companies experience in various markets. Here the extensive use of company site visits shows comparisons between the companies’ operations in South Africa and then Botswana and Namibia.
Curriculum tied to Context in African and other Dynamic Emerging Market Economies
The overarching objective is to identify the opportunities for growth of the African continent as well as its challenges such as the slow-down of China economy and the associated drop in commodity prices. It maps these global issues to the level of individual African countries and major firms therein, thus enabling students to begin to address these issues at a management level.
With the use of company and institution visits, the study tour addresses the optimality of overall resource allocation in economies and its role in economic systems such as free markets and command economies and mixtures thereof in South Africa, Botswana and Namibia.
The institution and company visits provide insight into innovation and entrepreneurial action and (managed) risk-taking thus enabling students to make decisions at a management level.
By focusing on examples of successful and unsuccessful business ventures in Africa and emerging markets, the course enables the student to acquire a better perspective on foreseeable and unforeseeable consequences of action and business decisions.
Course assesment and assignments
Please note, all visits and events on the global study tour are MANDATORY. Please refer to the standing orders regarding the tours. As a student, you should review the Learning Contract and ensure you are fully aware of the methods and implications of the assessment approach as mark allocations cannot be changed retrospectively. If you have any concerns about the assessment, you should raise this with your tour leader at the start of the course.
The Importance of Preparation for the Study Tour
The above readings should be read before departure. Students should also research on the companies that will be visited. The scope of this course covers a wide range of topics, thus a variety of readings have been carefully selected to provide different perspectives. It is essential that students focus on these readings and embark on company research. Appended with the readings are the links for ease of access. However, should you encounter any problems with the links provided consult the WITS library e-journals catalogue or consult the WBS Librarian.
Teaching emphasis in the MBA Global Study Tour is experiential and involves on-site action learning. The tour itself would entail visits to one or more destinations to provide broader international learning exposure for the student. Students should keep a learning log on insights that they gain from each business or organisation that they visit, and these logs are used for debrief sessions during the tour as well as to compile a post-study tour assignment on what they have learnt.
The articles, readings and cases included in this course pack have been copyright approved.
The course assessments will be weighted as follows:
- 60% Individual Assignment.
- 40% On-field Syndicate Assignment.
- No Examination.
A student is required to sign and attach the WBS Plagiarism Declaration to each assignment submitted.
Pass Mark Requirements
In terms of the Standing Orders, to pass a course a student is required to achieve a final accumulative average of 50% for a pass mark, and a sub-minimum of 35% in the examination. When an assignment is an exam equivalent, failure to submit on time will result in a student being ‘failed absent’, with the result that the student will be failed off the programme.
This assignment relates to the following MBA themes:
Context in African and other dynamic emerging market economies, sustainability and entrepreneurial action.
Based on the above MBA core themes, students will be exposed to experiential and on site learning, thus students will need to contextualise the selected country and company in line with strategic management decisions.
To what extent has the Southern African Customs Union (SACU) facilitated cross-border trade among member states? Do some member countries benefit more than others? Make recommendations to SACU Secretariat based on your analysis of how SACU can improve member participation and benefits.
- A 2000 word essay
- Please submit a hard copy to Karen Trent at the International Relations Office (Outinequa House) with plagiarism Declaration by 13h00.
- Use 1.5 line spacing and 12 point font.
- Please ensure that you reference correctly as per WBS guidelines.
- Submission Deadline
25 March 2019
- Return Deadline
1 April 2019
- Mark allocation
Penalty for Late Submission
For every calendar day, or part thereof, that the assignment is late, 10% will be deducted from your mark.
The purpose of this assignment is for you to think quickly on your feet. It’s fun and interesting. You will be put in a syndicate group and will need to work as a team. The purpose of this assignment requires you to think out of the box and familiarise yourself with the environment. As a suggestion, download maps; know the history of the country, all online attractions and all modes of transport.
At the end of this exercise, each syndicate group must provide the following:
- A brief report on the success, challenges and lessons learnt during the exercise (maximum 500 words).
- Pictures of the locations visited and any other thing of interest relevant to the task.
- A short video summarising the core of the assignment (professional editing not needed)
- Provide receipts for the use of public transport and/or special facilities during the exercise.
- Provide all the above (except receipts on a memory stick).
- Details of the assignment will be provided by the tour leaders.
- Submission Deadline
18th March 2019
- Return Deadline
1st April 2019
- Mark allocation
40% – Criterion will be provided on the day of the field-based assignment/Amazing Race.
- Tchamyou, V.S. (2017) The Role of Knowledge Economy in African Business. Journal of Knowledge Economy, 8: 1189 – 1228.
- Abor, J. and Quartey, P. (2010) Issues in SME Development in Ghana and South Africa. International Research Journal of Finance and Economics, Issue 39.
- Newenham-Kahindi, A. (2009) The Transfer of Ubuntu and Indaba Business Models Abroad: A Case of South African Multinational Banks and Telecommunication Services in Tanzania. International Journal of Cross Cultural Management. Vol. 9(1): 87 – 108.
- Khavul, S., Bruton, G.D. and Wood, E. (2009) Informal Family Business in Africa. Entrepreneurship Theory and Practice, 1042 – 2587.
- Chabane, N., Goldstein, A. and Roberts, S. (2006) The changing face and strategies of big business in South Africa: more than a decade of political democracy. Industrial and Corporate Change, Volume 15, Number 3, pp. 549 – 577.
- World Economic Forum (2016). The Global Competitiveness Report 2016-2017. Geneva, World Economic Forum.
Additional Info and COntact Details
Remember your documents, chargers and adaptors when travelling outside of South Africa.
Bring formal wear, comfortable walking shoes and business cards for company visits, consult online resources for travel tips.
- WBS Formal for all Business Meetings
- WBS Formal is strict white inner with navy or black suit (with WBS tie or scarf).
- Conservative suits for men or women with navy or black are the norm.
- Women should avoid high heels and short sleeved blouses.
- Subtle, neutral colours should be worn by both men and women (Smart casual).
- Smart Casual dress should be conservative as well.
- Men and women can wear jeans. However, jeans are not acceptable for business meetings.
EMERGENCY NUMBERS FOR HOTELS AND SOUTH AFRICAN EMBASSY
SOUTH AFRICAN EMBASSY, GABORONE BOTSWANA
Plot 29, Queens Road, Gaborone Botswana
+267.390.4800 3027 6614
SOUTH AFRICAN EMBASSY, WINDHOEK, NAMIBIA
Cnr Nelson Mandela Avenue and Jan Jonker Street, Windhoek
+264 61 205 711114
MASA SQUARE HOTEL, GABORONE
Plot 54353, New CBD corner Khama Crescent and Western Bypass, Gaborone, Botswana
+ 267 315 9954
Rev Michael Scott Street, Windhoek, Namibia
+ 264 61 296 2929
CAPE TOWN ACCOMMODATION
Radisson Red, Vu0026amp;A Waterfront, Cape Town Silo 6,
Silo Square, V u0026amp; A Waterfront, Cape Town, 8001
+27 (0)87 086 1578
Dr Yvonne Kabeya Saini
Mr Abdul-Aziz Iddrisu
+ 27 665408650
WBS TRAVEL CO-ORDINATOR
Dr Yvonne Kabeya Saini
Dr Saini attained a Bachelor of Arts degree (BA) from the University of Zambia, a MBA from the University of Illinois at Urbana-Champaign, and a PhD from Wits University. Dr Yvonne joined the WBS school in 2006 where she lectures marketing courses. Courses she teaches include; Marketing in a Connected World (MBA), Marketing and Sales (PDBA); Applied Consumer Behaviour, Integrated Marketing Communication and Digital Marketing (MMSM), Marketing Management and Marketing Strategy(PDM) and other programs.
The work experience for Dr Yvonne started with the Government of Zambia where she worked as an Economist in the Ministry of Commerce Trade and Industry. She worked as a Business Analyst at the Zambia Privatisation Agency and Business and Information Specialist at Mckinsey and Company in Johannesburg before joining academia in 2001. Dr Yvonne taught at Monash University at the South African Campus. Before joining the WBS, she was a Lecturer in Marketing at the University of Cape Town.
She has publications in local and international journals. Some research topics include the following: consumer choice, consumer decision making, factors influencing online consumer choice, effects of fluency processing in consumer decision-making, effects of social media and consumer behaviour, and exploring the effectiveness of mobile advertising. In her spare time, Yvonne enjoys reading, cooking, walking and attending to church activities.
- Office Tel (011) 717 3586
- Office address Room AB 216, 2nd Floor, Outeniqua House, WBS
- Email firstname.lastname@example.org
Mr Abdul-Aziz Iddrisu
Abdul-Aziz is currently a PhD student at WBS. He was a senior lecturer at the Kumasi Technical University in Ghana prior to joining the WBS PhD cohorts. He holds an MSc in Finance and Management from Cranfield University’s School of Management, one of UK’s elite business schools. He obtained his bachelor’s degree in Economics and Law from the Kwame Nkrumah University of Science and Technology in Ghana. Abdul-Aziz Iddrisu also holds professional qualifications in Project Management from Institute of Commercial Management (ICM) in UK and Islamic Finance from Institute of Islamic Banking and Insurance (IIBI) in UK. His research interest spans monetary policy, banking sector efficiency and stability, international finance, foreign direct investment, corporate finance and other related areas.
Prior to joining Kumasi Technical University, he had also worked as a Financial Services Researcher at WWCP Limited in UK where he co-authored several treasury management manuals for multinational banks and other international institutions such as JP Morgan Chase, Association for Financial Professionals (AFP), Industrial and Commercial Bank of China (ICBC) and Santader. He was also part of the research team at WWCP Limited that researched and compiled a world-class finance and treassury management handbook for the Africa operations of Barclays Bank UK in collaboration with ABSA Bank of South Africa in 2012.
At WWCP Limited, he was in charge of research on countries in Africa, Middle East and some parts of Asia. His research also focused on the macroeconomic environment of the various countries covered, treasury and cash management practices, banking sector performance, Mu0026amp;A activities, payment systems and regulatory frameworks of various financial markets.
Abdul-Aziz Iddrisu also has an extensive banking experience in Ghana, having worked as Credit Analyst and Account Relationship Officer respectively at CAL Bank Limited where he also did his national service.
- Phone +27 (0)665 408 650
- Office Address PhD Room, WBS
- Email email@example.com
Legal Declaration of Indemnity, Undertaking and Consent
- The University of the Witwatersrand, Johannesburg (hereafter referred to as ‘the University’) has insured itself for its liability arising from the acts and omissions of persons acting on its behalf, and that its registered students, staff and individuals who are subject to the University’s rules, regulations, policies, procedures and standing orders as amended from time to time are insured during the course and scope of their registered courses and/or within the scope of University’s business. This is subject to the proviso that the University’s maximum liability will be limited, whether for a single or multiple events, to the extent that is covered thereof;
- When the University arranges for me to travel to locations which are outside of the University’s precincts, and when traveling in vehicles which do not belong to the University’s and/or are not driven by University staff, I will enjoy only such cover as referred to in Section 1 above, provided that I depart and travel from the University’s precincts and return to it from an excursion arrange by the University, on a route agreed upon in advance by the University;
- In cases where no fault can be attributed to the University, I hereby indemnify, absolve and hold harmless the University, its officials, employees, students and invitees in respect of any damage the property, death or bodily injury to/of myself and/or third parties, whether on/off the University precincts, or whilst engaged in any related activity to the University abroad; and
- I understand that I attend and participate in the WBS Global Study Tour in various designated countries around the world during specified periods in 2019 at my own risk where the event falls outside the cover provided to or by the University.
- I acknowledge that I have read and understood the contents of this indemnity in every respect.
This document is applicable to all modes of delivery of the Global Study Tour from 2017 onward.
All assignments, including the attendance of the Amazing Race and all scheduled visits to businesses, other organisations and cultural activities, is compulsory.
Failure to comply with this policy will result in an automatic failure off this course. A record of attendance at each prescribed tour activity will be kept by the Tour Leader and will be submitted to the International Office as a formal record for student assessment. Should a student fail (including as a result of non-attendance and failure to participate), the tour will have to be repeated.
A candidate who has not completed all the requirements for this tour by the end of the minimum period of study and who is permitted in terms of Senate Standing Orders to continue will be required to register again for this tour at the beginning of the following academic year and pay the relevant fee.
Registration for the Global Study Tour
A candidate is required to register and pay in advance for the Study Tour in order to be admitted to complete the course.
If a candidate wishes to amend his/her selection of destination, a prescribed period of time will be permitted as indicated by the Global Study Tour Coordinator. However, no changes to selection of destination will be entertained once confirmed.
Applications from international exchange and immersion students are welcome. All international students need to conform with the University’s requirements and the South African legislation that pertains to such students.
Credits towards MBA or MM to other degrees
Students may be granted credits for this tour at international partner schools however please note that the granting of credits is based on the credit weighting exchange between the WBS MBA and other international programmes.
Pass mark for this course
In order to pass the study tour, a student must obtain a minimum of 50% as a final mark subject to the subminimum rule.
Students must register for the Global Business Study Tour (BUSA 7442A) in order to pay the travel component cost for the study tour. Students will be advised as to the Rand value that has to be paid for the study tour of their choice. The deadline for the choice of study tour and payments will be communicated to students by the School’s International Office. Failure to pay the full fee for the Global Study Tour in advance or failure to attend the tour for whatever reason will still hold the student liable for the full amount as indicated for the selected tour package. Please note that fees may not involve the same costing as certain travel destinations are cheaper than others. Also note that whenever indicated students will be responsible for their own transport and cost of meals and incidentals on each tour. Tour leaders do not carry additional funds to allow for students who do not make personal provision for their own expenses.
Allocation of Marks
The mark composition for each assignment will comprise a combination of marks awarded for assignment projects and field work, both individual and syndicate work. The mark allocation for the course is detailed in the course pack.
Syndicates may apply to have non-performing members excluded from the syndicate mark for their assignment, or have a portion of the total mark allocated to the non-performing student.
Publication of Final Course Results
The results of the global study tour will be published by the Faculty Office as soon as possible, normally within four weeks from assignment submission.
Disputes and Grievances
Any disputes or grievances that arise as a result of the application of, or failure to apply, the provisions of these Standing Orders should be managed within the Faculty’s existing appeals and grievance procedure. Problems should always be resolved as close to the source as possible. The grievance procedure policy and applicable forms are available from the Faculty Office.
Code of Conduct
All students will abide by the daily dress code as indicated by the Tour Leader depending on the daily schedule of events and places visited.
Students are also advised that whilst they are encouraged to enjoy the tour, they are reminded that they are participating in a Wits Study Tour programme and are not traveling for their own leisure purposes. As such, the prime focus is on teaching and learning and at all times students will need to participate in all prescribed activities and field visits.
Students are advised to heed the guidance and instruction of the designated Tour Leader on each trip. In addition, students are advised to serve as professional ambassadors of Wits University and the Wits Business School at all times whilst on tour. Students are also advised to download a copy of the Wits Student Code of Conduct to familiarise themselves with the policy.
During visits, students are to ensure that all mobile phones are switched off.
Students are to be punctual for all visits, failure to attend a visit without a valid reason will render your attendance as incomplete.
Failure to adhere to the above could result in a disciplinary action being lodged against the student.
Recording of Global Study Tour Activities
Business visit sessions may only be recorded (by audio, images or video) with the express written permission of that organisation. Students will be required to agree in writing that:
- recordings will only be used for purposes of their own private study and revision;
- recordings will not be copied, shared, communicated, published or distributed in any format whatsoever and using any medium whatsoever, unless requested to do so by the lecturer;
- unedited copies recordings will be provided to the lecturer if requested to do so; and
- Copyright of all recordings remain the property of the University.
It is noted that infringement of any of these conditions may result in disciplinary action being taken against the student.