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Summary IEB BUSINESS ENVIRONMENTS NOTES

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These notes are made in line with the IEB SAGS (2023). They are detailed and contain all the information needed for business environments for grade 12.

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Uploaded on
November 22, 2023
Number of pages
4
Written in
2023/2024
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Summary

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BUSINESS ENVIRONMENTS

POLITICAL ENVIRONMENT
- Ruling party.
- Grants/funds initiative support.
- Relationship with other countries:
 More than 40% of SA’s crude oil = imported from Saudi Arabia
and 30% from Nigeria.

ECONOMIC ENVIRONMENT
- Repo rate.
- Interest rate.
- Exchange rate.
- Inflation rate.
- Government spending.
- Labour forces + cost.
- Access to financial assistance.
- Tax policies.
- Consumer income.
- Globalisation.

ETHICAL FACTORS:
- Fair trade = transparency.
- CSR = integrated report: people, profit, planet.
- Corporate governance = accountability, independence, discipline =
market + self, fairness (all stakeholders, fiduciary duty
(responsibility of directors).

SOCIAL ENVIRONMENT:
- CSR/CSI
- Unemployment + development.
- HIV, Ebola, etc.
- Demographics
- Ethnic + religious differences.
- Life style patterns,
- Media views, perception.
- Socio-cultural change.
- Social mobility
- More than 30 000 jobs created IF govt blocks chicken imports.
- Rainbow sold 15 of 25 farms.
- Mike’s chickens retrenched 1000 employees.
- SAPA (south African Poultry Association believes scrapping imports
= end crisis in local industry

TECHNOLOGICAL ENVIRONEMENT:
- How customers purchase.
- Intellectual property
- Communication
- Automation, production and production cost.
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