Evolving Africa

With widespread political and economic reforms sweeping across the country in recent years, Africa’s business and economics scene is rapidly changing.The African Economic Growth report for 2010 revealed impressive growth in Angola (12.9%), Equatorial Guinea (12.9%), Chad (8.5%), Nigeria (9.1), Sierra Leone (8.7%) and Ethiopia (8.6%), and a national average of 4% overall.These positive changes open up new possibilities for Africans in terms of overseas trade and employment prospects

While some African countries still suffer from heavy unemployment, opportunities for businesspeople and qualified individuals can still be found in several key growth areas, particularly in the natural resources (gas and oil), agriculture, healthcare and telecommunications  sectors. As one of the world’s richest mineral sources (see world mining map below), insiders project that future operations in Africa will grow as the business climate stabilizes further.

 

Business Etiquette: A Guide For International Trade

Western businesspeople coming to do trade and developments in Africa must be aware that some social and professional points of etiquette here differ from their own. This post should be considered a basic and general guide only; those aiming to establish major or long-term business relationships in Africa would do well to make a specialized study of the subject.

Keep in mind that:

- In Muslim regions of Africa, or in a Muslim household, there are several specific points to be aware of. Business dealings will be slow and discussions will seem indirect. Never give a Muslim associate a picture of a person, anything derived from pigs, or alcohol. Women may not be afforded the same respect as men in business dealings.

- Avoid using the ‘thumbs up’ sign. It is very similar to a local gesture equivalent to the middle finger. The American “peace” sign also equates to something very rude.

- Handshakes are generally soft, and eye contact will be avoided to show added respect.

- With people you do not know well, avoid expressing your views on religion or politics, as well as openly disagreeing with anyone. Especially avoid open disagreement with persons older than yourself- if you must, emphasize your respect for them and be very tactful.

- Avoid eating, greeting, or passing things- just about anything publicly- with your left hand. Holding something with both hands if it really has to be is OK, but don’t use just the left- it is considered the unclean hand used for personal hygiene, and as such, an insult.

- Don’t point the bottoms of your feet (wearing shoes or otherwise) at anyone else. Better yet, don’t show them at all. If you sit, sit with your feet flat on the ground or facing inwards towards you. As the dirtiest part of the body, which touches the ground, it would be offensive to point it at someone else.

- Meetings may start on time or anything up to an hour late. Don’t be outraged if the latter is the case.

- Dress conservatively- generally in a dark businesslike suit, or a lighter suit in especially hot conditions.

- Your hosts will likely go our of their way to show extreme generosity, making an effort to impress you. Emphasis is also placed on getting to know and spend time with each other before getting into business dealings. It would be beneficial to come equipped with an appropriate gift, such as flowers, concert tickets, fine food or good quality stationary.

South Africa Increases Minimum Wage

Given the great diversity of economic factors across Africa, even South Africa, it can be difficult to find accurate wage and salary information.

However, MyWage.co.za has recently released new figures indicating a small rise in minimum wage for South Africa, indicating a general rise in salaries nationally. The new rate for workers who are active more than 27 hours per week is ZAR 8.34 per hour, or 375.19 per week, or 1625 monthly salary.

Payscale.com are currently branching further out into market data for South Africa, with some occupations collecting sufficient data to draw national averages and rates by experience, locality, etc. Very broad job sectors such as registered nurse or general practitioner salary is now available- their annual salary averages are between ZAR 38,783- 246,857 and ZAR 180,552- 969,092 respectively. To date more specific titles such as the medical billing and coding salary or the physical therapist salary have still not amassed enough data to be released publicly.

The expression of knowledge being power is true in this case, so it is essential that South Africans get behind this movement for improved wage data collection. This information will empower the workforce do demand the salaries that their qualifications and skills entitle them to, and generally result in an upward drive for the employment and wage sector, and in turn a strengthened economy.