Abstract
D.Phil.
Prior to the democratic elections in 1994, South Africa had a "captive" market.
There were regulations that were specifically designed to protect South
African organisations. There were various tariffs and taxes imposed on foreign
organisations that did business in South Africa. After the democratic elections,
South Africa introduced market reforms that resulted in the country being part
of globalization. The globalization process brought about significant changes.
South African organisations had an opportunity to expand their business
opportunities, but at the same time they were faced with competition from
other organisations from different parts of the world ...