The South African Support System for Start-Up Companies: Assessing the Khula Indemnity Scheme
This article examines the South African financial system for start-up companies, and focuses particularly on the support provided by the Khula indemnification scheme. Most research rests on the assumption that a lack of finance is the sole impediment to success of start-ups; however, it is unclear whether such government intervention can indeed foster successful entrepreneurial activity. We show that the current system provides profit making opportunities for both banks and consultants, but lacks focus on sustainable business development. There are incentives to create companies not in an attempt to be profitable, but rather as a means to gain access to government or government-backed money. We question whether a lack of finance is the primary obstacle to the formation of businesses. Instead, we argue that it is a lack of accountability and an insufficient application of business tools such as basic cost accounting that make entrepreneurs less creditworthy.
We aim to discover the relationship between market discipline and banking system transparency using the cross-country data (1990-2003) with Nier index and index based on World Bank surveys' data. We show that measures aimed to increase transparency, not being accompanied with requirements related to information availability and/or interpretability, may be not efficient in reaching the goal of market discipline stimulation.
The article analyses the policy of South Africa's government in the sphere of nationality realtions.
The aim of this work is to present the results of research devotedto the analysis of problems in the sphere of SME lending regional banks in Russia and ways of overcoming them.
The book covers the history of relations between Soviet Russia and South Africa, which, for many decades, remained hidden even from those who were a part of it. It is devoted mostly to the Soviet period, although the first, introductory, chapter presents the history of relations between the two countries in the previous three hundred years, and the last one the relations after the collapse of the Soviet Union and the establishment of the diplomatic relations. In the first part of the book the reader will find a detailed analysis of close ties between the Communist Party of South Africa and the Communist International, the activities of the South African NGO Friends of the Soviet Union, trade relations in in the 1930s and the cooperation and diplomatic relations during the Second World War. The second part of the book is devoted to the relations between the USSR, South African communists and the African National Congress during the cold war era: Soviet assistance to the ANC's armed struggle, its ideological influence on the anti-apartheid movement, as well as the analysis of both Soviet and South African ideological constructs concerning one another and their mutual policies towards one another. The last part of the book covers Gorbachev's perestroika period and the infuence of the changes in the USSR and of its collapse on the situation in South Africa and on the relations between the two countries.
Abstract: Nowadays innovation development and creation of the link between science and business becomes actual more and more. This problem could be decided by making conditions which facilitate innovation ecosystem emergence. Theoretical aspects of innovation ecosystem are considered in the article. By the example of Silicon Valley, case study of innovation ecosystem is observed. As a result of the paper, we provide some recommendations on innovation ecosystem emergence and management.
The chapter is devoted to the life and activites of Jacob Zuma, South Africa's president from 2009.