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Tenderpreneur
In South Africa, a tenderpreneur is a person in government or the private sector who obtains private or government tenders and contracts to facilitate outsourced services. The word ''tenderpreneur'' is a portmanteau of "tendering" and "entrepreneur". Some commentators believe that this practice might give rise to a kleptocracy as a deviant mutation of a democracy if left unchecked. In this regard a kleptocracy is defined as the condition arising when a political elite manipulates the three arms of government (legislative, executive and judicial) with the intention of capturing resources that will enrich that elite, a general phenomenon known as elite capture. Tenderpreneurship is often accomplished by overpricing and/or shoddy workmanship and/or excessive 'under the table' advances termed "commissions". ''The Star'', a South African newspaper, describes a tenderpreneur as "someone politically well-connected who has got rich through the government tendering system". In January 2010 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Tendering
An invitation to tender (ITT, otherwise known as a call for bids or a request for tenders) is a formal, structured procedure for generating competing offers from different potential suppliers or contractors looking to obtain an award of business activity in works, supply, or service contracts, often from companies who have been previously assessed for suitability by means of a supplier questionnaire (SQ) or pre-qualification questionnaire (PQQ). The term "notice inviting tenders" (NIT) is often used in purchasing in India. An ITT differs from a request for quotation (RFQ) or a request for proposal (RFP), in which case other reasons (technology used, quality) might cause or allow choice of the second best offer. An RFP is a request for a price from a buyer but the buyer would also expect suggestions and ideas on how the project work should be done. RFPs are thus focused on more than just pricing/cost, they entail a bit of consulting from the contractor or vendor. The closest equi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Portmanteau
A portmanteau word, or portmanteau (, ) is a blend of wordsGarner's Modern American Usage , p. 644. in which parts of multiple words are combined into a new word, as in ''smog'', coined by blending ''smoke'' and ''fog'', or ''motel'', from ''motor'' and ''hotel''. In , a portmanteau is a single morph that is analyzed as representing two (or more) underlying s. When portmanteaus shorten es ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Entrepreneur
Entrepreneurship is the creation or extraction of economic value. With this definition, entrepreneurship is viewed as change, generally entailing risk beyond what is normally encountered in starting a business, which may include other values than simply economic ones. An entrepreneur is an individual who creates and/or invests in one or more businesses, bearing most of the risks and enjoying most of the rewards.The process of setting up a business is known as entrepreneurship. The entrepreneur is commonly seen as an innovator, a source of new ideas, goods, services, and business/or procedures. More narrow definitions have described entrepreneurship as the process of designing, launching and running a new business, which is often similar to a small business, or as the "capacity and willingness to develop, organize and manage a business venture along with any of its risks to make a profit." The people who create these businesses are often referred to as entrepreneurs. While de ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Kleptocracy
Kleptocracy (from Greek κλέπτης ''kléptēs'', "thief", κλέπτω ''kléptō'', "I steal", and -κρατία -''kratía'' from κράτος ''krátos'', "power, rule") is a government whose corrupt leaders (kleptocrats) use political power to expropriate the wealth of the people and land they govern, typically by embezzling or misappropriating government funds at the expense of the wider population."Kleptocracy". ''The Oxford English Dictionary''. Oxford University Press. 1st ed. 1909. Thievocracy means literally the rule by thievery and is a term used synonymously to kleptocracy. One feature of political-based socioeconomic thievery is that there is often no public announcement explaining or apologizing for misappropriations, nor any legal charges or punishment levied against the offenders. Kleptocracy is different from plutocracy (rule by the richest) and oligarchy (rule by a small elite). In a kleptocracy, corrupt politicians enrich themselves secretly outside the ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Elite Capture
Elite capture is a form of corruption whereby public resources are biased for the benefit of a few individuals of superior social status in detriment to the welfare of the larger population. Elites are groups of individuals who, because of self-ratifying factors such as social class, asset ownership, religious affiliations, political power, historic discrimination among social groups, political party affiliation, or economic position, have decision-making power in processes of public concern. This specific form of corruption occurs when elites use public funds, originally intended to be invested in services that benefit the larger population, to fund projects that would only benefit them. This form of corruption is differentiated from outright criminal corruption such as embezzlement, misappropriation, or other diversion of funds by a public official. Elite capture is related to information asymmetry, inefficient regulation or inefficient allocation of resources. This causes a ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
The Star (South Africa)
''The Star'' is a daily newspaper based in Gauteng, South Africa. The paper is distributed mainly in Gauteng and other provinces such as Mpumalanga, Limpopo, North West, and Free State. ''The Star'' is one of the titles of the South African Independent News & Media group (INL), owned by Sekunjalo Media Consortium whose founder and chairman is Dr. Iqbal Survé. For many years, ''The Star'' was owned by the Argus Printing & Publishing Company, controlled by the Anglo American Corporation. The Irish Independent News & Media (INM) bought and renamed the Argus in the early 1990s. Sekujalo acquired INL in 2013. Content The content published in ''The Star'' focuses on leading daily national, local and international national news and analysis. Its leader and opinion page offers a platform for thought leaders to contribute their opinions on topical news. Products ''The Star'' houses the ''Business Report'' newspaper (a widely-read financial newspaper in South Africa), as well a ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
South African Communist Party
The South African Communist Party (SACP) is a communist party in South Africa. It was founded in 1921 as the Communist Party of South Africa (CPSA), tactically dissolved itself in 1950 in the face of being declared illegal by the governing National Party under the Suppression of Communism Act, 1950. The Communist Party was reconstituted underground and re-launched as the SACP in 1953, participating in the struggle to end the apartheid system. It is a member of the ruling Tripartite Alliance alongside the African National Congress and the Congress of South African Trade Unions (COSATU) and through this it influences the South African government. The party's Central Committee is the party's highest decision-making structure. History The Communist Party of South Africa was founded in 1921 by the joining together of the International Socialist League and others under the leadership of Willam H. Andrews. It first came to prominence during the Rand Revolt, a strike by white mine ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Blade Nzimande
Bonginkosi Emmanuel "Blade" Nzimande (born 14 April 1958 in Edendale near Pietermaritzburg) is a South African politician, sociologist, philosopher, educator, anti-apartheid activist and Minister of Higher Education, Science and Technology. He was Minister of Transport from 2018 to 2019, and Minister for Higher Education and Training from 2009 to 2017. He has been the General Secretary of the South African Communist Party since 1998. Education "Blade" Nzimande was one of the three children of Nozipho Alice and Phillip Sphambano, a Tsonga herbalist from Mozambique. He attended the Roman Catholic School, Henryville, and then Plessiers Lower Primary School before going to Mthethomusha School in Edendale, the first school in the area established under the new Bantu education system. He matriculated in 1975 at Georgetown High, Edendale. He completed a Psychology Honours degree at the University of Natal in 1980, a master's degree in Industrial Psychology in 1981, and a PhD from t ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Gupta Family
The Gupta family is a wealthy Indian-born family with business interests in South Africa, whose most notable members are brothers Ajay, Atul, and Rajesh "Tony" Gupta—as well as Atul's nephews Varun, and US-based Ashish and Amol. The family owns a business empire spanning computer equipment, media, and mining. The family became synomous with corruption in South Africa and has been sanctioned by multiple countries for their activities. In 2016, Atul Gupta became the seventh-wealthiest person in South Africa, with an estimated net worth of R10.7 billion (US$773.47 million), based on JSE-listed holdings. The family migrated from the Indian state of Uttar Pradesh to South Africa in 1993 to establish Sahara Computers. The family was based at the Sahara Estate in Saxonwold, Johannesburg, a compound comprising at least four mansions, until 2016 when they left South Africa for Dubai, United Arab Emirates. In 2022 an Interpol red notice was issued for the arrest of Atul and Rajesh ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Jacob Zuma
Jacob Gedleyihlekisa Zuma (; born 12 April 1942) is a South African politician who served as the fourth president of South Africa from 2009 to 2018. He is also referred to by his initials JZ and clan name Msholozi, and was a former anti-apartheid activist, member of Umkhonto we Sizwe, and president of the African National Congress (ANC) between 2007 and 2017. Zuma was born in the rural region of Nkandla, which is now part of the KwaZulu-Natal province and the centre of Zuma's support base. He joined the ANC at the age of 17 in 1959, and spent ten years in Robben Island Prison as a political prisoner. He went into exile in 1975, and was ultimately appointed head of the ANC's intelligence department. After the ANC was unbanned in 1990, he quickly rose through the party's national leadership and became deputy secretary general in 1991, national chairperson in 1994, and deputy president in 1997. He was the deputy president of South Africa from 1999 to 2005 under President Thabo ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Corruption In South Africa
Corruption in South Africa includes the improper use of public resources for private ends, including bribery and improper favouritism. The 2017 Transparency International Corruption Perceptions Index assigned South Africa a score of 43 out of 100, ranking South Africa 71 out of 180 countries; a high score and a low ranking signals that the country's public sector is perceived to be honest. There was a marginal improvement by 2021, when South Africa received a score of 44, ranking it 70 out of 180 countries. Nonetheless, this remains below its score of 45 in 2016. Countries with scores below 50 are believed to have serious corruption problems. South Africa has a robust anti-corruption framework, but laws are inadequately enforced and accountability in public sectors such as healthcare remain below par. In addition, internal sanctions have been employed to discourage whistle-blowers from reporting corrupt activities in both the public and private sectors – according to a 2021 Af ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Economy Of South Africa
The Economy of South Africa is the third largest in Africa and the most industrialized, technologically advanced, and diversified economy in Africa overall. South Africa is an upper-middle-income economy, one of only eight such countries in Africa. Following 1996, at the end of over twelve years of international sanctions, South Africa's Gross Domestic Product (nominal) almost tripled to a peak of US$416 billion in 2011. In the same period, foreign exchange reserves increased from US$3 billion to nearly US$50 billion, creating a diversified economy with a growing and sizable middle class, within two decades of ending apartheid. Although the natural resource extraction industry remains one of the largest in the country with an annual contribution to the GDP of US $13.5 billion, the economy of South Africa has diversified since the end of apartheid, particularly towards services. In 2019, the financial industry contributed US$41.4 billion to South Africa's GDP. In 2021, South Africa ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
