Thesis (MBA)--Stellenbosch University, 1992. / ENGLISH ABSTRACT: Development in the world and particularly in South Africa has
resulted in change. This presents new opportunities and
challenges to today's managers and entrepreneurs. As a result
of our local political reform process, together with the collapse
of the Soviet Union and the general deterioration of communistic
ideologies, south Africans are experiencing a growing acceptance
back into the world and neighbouring African communities. south
African businessmen are faced with opportunities in foreign
countries, especially neighbouring African countries, with South
Africa cited as the key to Africa.
The problem South African managers face, is how to evaluate
opportunities in a neighbouring African country and to ascertain
the type of trading conditions in that country.
After eighteen years of communistic rule and ten years of civil
war Mozambique is amongst the poorest countries in the world.
World aid programs have come to the country's assistance,
introducing economic recovery programs as well as replacing the
out-dated socialistic ideas with western style free market
principles. Although the country is suffering the effects of an
ongoing civil war, indications are that a peace settlement is
imminent. The Mozambique government has .introduced an attractive
foreign investment package which is aimed at attracting foreign
capital. A first impression indicates that this country is ready
for foreign investment and exploitation, but is it?
This research proj ect firstly evaluates existing feasibility
models in an attempt to find a suitable model to assess the
feasibility of investing in a clay brickworks located in
Mozambique. Failing to find such a feasibility model, a suitable
model is then presented.
The feasibility model presented takes a holistic approach,
acknowledging that first world structures, such as a financial
or transportational infrastructure, should not be assumed to
exist. The model is divided into two parts, the first
evaluating the macro parameters of the country and the second
evaluating the micro parameters or specifics of the opportunity.
The assessment of macro parameters is divided into five sections,
namely, socio- cultural, political, economic, technological and
physical parameters. After the completion of each section
parameters are summarised and graded. At the end of the macro
parameters, an interim evaluation is required to assess whether
the country is favourable for investment. If the investor
believes the country is ready for investment, the following
section covering the micro parameters is investigated. If,
however, the investor believes that the country is not suitable
for investment then further analysis is suspended.
The second section which covers the micro parameters is also
divided into five sections, namely, financial, manufacturing,
proposed infrastructure, marketing and personnel parameters.
These parameters cover the project specifically and are similar
to those of a normal business plan. Following this analysis, a
final evaluation is done culminating in a decision on whether the
project is feasible or not .
In applying this model to evaluate the feasibility of
establishing a clay brickworks in Mozambique, the researchers
concluded at the interim evaluation that it was premature to
invest in a clay brickworks in Mozambique . This type of
investment might only become attractive after a peace settlement
were reached between the government and the resistance movement
and with the restoration of the country's infrastructure. / AFRIKAANSE OPSOMMING: Ontwikkeling wereldwyd, en veral in Suid-Afrika, het verandering
meegebring. Dit stel nuwe geleenthede en uitdagings aan vandag
se bestuurders en entrepreneurs. Na aanleiding van veranderinge
in die politieke bestel in Suid-Afrika, die verbrokkeling van die
Sowjet-Unie en die verlies van geloofwaardigheid van die
kommunistiese ideologie, beleef Suid-Afrika toenemende
aanvaarbaarheid in die wereld asook met sy naburige Afrika lande.
Nuwe geleenthede buitelands en veral in die naburige Afrika
lande, word nou aan besigheidslui in Suid-Afrika gebied, derhalwe
word Suid- Afrika gesien as die sleutel tot Afrika.
Die probleem wat Suid-Afrikaanse bestuurders tans in die gesig
staar, is die evaluasie van lewensvatbare geleenthede in 'n naburige Afrika land en om die handelstoestande te bepaal
waaronder hulle sal moet funksioneer.
Na agtien jaar van kommunistiese heerskappy en tien jaar van
burgeroorloe is Mosambiek een van die armste lande ter wereld.
Buitelandse noodlenigingsprogramme het tot die land se redding
gekom met die daarstel van ekonomiese herstel programme sowel as
die vervanging van sosialistiese idees met 'n Westerse
vryemarkstelsel.
Alhoewel Mosambiek nog swaar gebuk gaan onder burgeroorloe, is
daar wel aanduidings dat 'n vredesooreenkoms onafwendbaar is.
Die Mosambiekse regering bied tans aantreklike beleggingspakkette
aan wat hoofsaaklik gerig is op die buitelandse belegger. Die
eerste indrukke wat gelaat word, is dat Mosambiek gereed is vir
buitelandse belegging en ontginning. Die vraag is, is dit wel so?
Hierdie navorsingsprojek evalueer eerstens bestaande
uitvoerbaarheidsmodelle ten einde 'n toepaslike model te vind om
die uitvoerbaarheid te bepaal van investering in 'n
kleibaksteenfabriek in Mosambiek.
Die uitvoerbaarheidsmodel wat hier voorgestel word, neem 'n
holistiese benadering aan, met die erkenning dat elemente soos die finansiele- en vervoer-infrastruktuur nie noodwendig tans
bestaan nie. Die model is verdeel in twee dele waarvan die
eerste die makro- parameters van die land evalueer, en die tweede
die mikra-parameters, of spesifieke besonderhede aangaande die
geleentheid.
Die evaluering van makro- parameters word opgedeel in vyf
afdelings, naamlik, die sosio-kulturele, politiese, ekonomiese,
tegnologiese en fisiese parameters. Na voltooiing van elke
afdeling word 'n kort opsomming en gradering gedoen. Aan die
einde van die deel wat handel oor makro-parameters, is daar 'n tussentydse evaluasie gedoen om te bepaal of die land gunstig is
vir beleggings. As die belegger glo dat die land gereed is vir
belegging, word die volgende afdeling, naamlik mikro-parameters,
ondersoek. Indien die belegger egter van mening is dat die land
nie geskik is vir beleggings nie, word die ontleding na die
eerste gedeelte gestaak.
Die tweede afdeling, wat na mikro-parameters verwys, word ook in
vyf sub- afdelings opgedeel, naamlik, finansieel, vervaardiging,
voorgestelde infrastruktuur, bemarking en personeel parameters.
Hierdie parameters is soortgelyk aan 'n gewone besigheidsplan
en is omvattend en spesifiek. Hierdie ontleding word gevolg deur
'n finale evaluasie wat uitloop op 'n besluit of die projek
uitvoerbaar is of nie.
Deur middel van die toepassing van hierdie model om die
lewensvatbaarheid van die vestiging van 'n kleibaksteenfabriek
in Mosambiek te evalueer, het die navorsers in die tussentydse
ontleding getoon dat so 'n belegging nie op hierdie stadium
lewensvatbaar sal wees nie. 'n Belegging sal moontlik aantreklik
wees nadat daar ' n vredesooreenkoms bereik word tussen die
regering en die weerstandsbeweging, en met die herstel van die
land se infrastruktuur.
| Identifer | oai:union.ndltd.org:netd.ac.za/oai:union.ndltd.org:sun/oai:scholar.sun.ac.za:10019.1/69488 |
| Date | 12 1900 |
| Creators | Owen, Patrick Hugh Thomas, Surmon, Douglas Campbell |
| Contributors | De Coning, T. J., Stellenbosch University. Faculty of Economic and Management Sciences. Graduate School of Business. |
| Publisher | Stellenbosch : Stellenbosch University |
| Source Sets | South African National ETD Portal |
| Language | en_ZA |
| Detected Language | Unknown |
| Type | Thesis |
| Format | 163 leaves |
| Rights | Stellenbosch University |
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