Diamonds Industry of South Africa - Essay Example

Only on StudentShare

Extract of sample
Diamonds Industry of South Africa

It discusses the cartel's behavior during the apartheid era, specifically its observance of human rights and corporate responsibility under a fascist and racist regime.
Chapter V discusses the agreement reached between the ANC government and the De Beers cartel on the status of diamond mines and mining industry in South Africa, and how the cartel can help in the country's development program. It also contains recommendations on how the agreement can help in promoting black economic empowerment, and economic and political democratisation throughout South Africa.
De Beers is a monopoly and the cartel of the diamond world. Monopoly is a term that translates literally into "single seller,"1 which means a corporation that dominates the production and distribution of a particular service or product (such as diamonds). There are various forms of monopolies and a cartel is just one of them. A cartel (such as De Beers) is a formal or informal group of corporations that have agreed to avoid and minimise non-productive or destructive competition among them in order to dominate the market and maximise profits.
that maximum strictly, to avoid flooding the market with products which usually results in a decrease of their prices. ...Show more


The focus of this essay is an analysis of the current agreement and working relationship between De Beers cartel and the ANC government, and their implication on various industry stakeholders, primarily inside South Africa.
Chapter III starts with a discussion on the nature of monopolies and cartels, and traces the emergence of the De Beers conglomerate as an innovative diamond cartel with the discovery of diamond mines in South Africa…
Author : emmy99
Save Your Time for More Important Things
Let us write or edit the essay on your topic
"Diamonds Industry of South Africa"
with a personal 20% discount.
Grab the best paper

Related Essays

Business in South Africa
The author analyzes Google networking system in South Africa as a vital factor in the development of this country. He states that in the transaction of using the Ports of South Africa there will be a minimal use, for which only the people who make the orders of such unknown item will be the ones to accepting the payment methods needed for their items.
23 pages (5750 words) Essay
Doing Business in the Midst of Cultural Change: South Africa: Specific Industry Analysis
Doing Business in the Midst of Cultural Change: South Africa: Specific Industry Analysis [Name] [Course] [Professor’s name] [Date] This paper attempts to analyze the industry in South Africa and in particular discussing the effects of the social change and global economy on that industry.
19 pages (4750 words) Essay
Competitiveness and investment attractiveness of the South African food retail industry
The SAFRI was expected to generate total revenue of $73.9 billion in 2011 which amounts to compounded annual growth rate (CAGR) of 11 percent between 2007 and 2011. The most lucrative areas in food retailing are expected through hypermarkets, supermarkets and discounters in South Africa.
12 pages (3000 words) Essay
Management on International Business: A New Airline Industry in South Africa)
The FIFA World Cup, held in South Africa in 2010 has helped to change the scenario and has provided with ample opportunities to the airline industry of the country. The World Cup influenced the country with several long-term opportunities. To cope up with the passenger demands during the World Cup, the main global airports in South Africa i.e.
3 pages (750 words) Essay
Business Environment In South Africa
One of the advantages includes the lower costs of entering the market. Some of the factors that make the entry cheaper include the low labor costs. This is vital because it leads to lower production costs especially in manufacturing businesses.
3 pages (750 words) Research Paper
Diamond Producing in South Africa
Position of South Africa, as a diamond producing company. De Beers value alone without any direct government partnership mines nearly 95 per cent by value of all of the country's diamonds. De Beers is also involved in the cutting and polishing of diamonds in Namibia and Botswana.
4 pages (1000 words) Essay
Creative accounting practices and the unethical auditor
This research seeks to show that it is the individual auditor who is responsible for critical accounting, and it is the individual auditor whose ethical and moral commitment has to be
3 pages (750 words) Essay
New business proposal
This is because the footwear industry is very competitive in United States, and the only method to break into the market is to come up with innovative ideas aimed at capturing
16 pages (4000 words) Essay
Find out how much would it cost
to get a custom paper written by a pro under your requirements!
Win a special DISCOUNT!
Put in your e-mail and click the button with your lucky finger
Your email