Insider knowledge - the multinationals' key to southern Africa
Article Abstract:
Lonrho, Lomaco, and Cluff Resources are all multinational companies based in Zimbabwe that have invested in cross-border projects. Lonrho, which is involved in several industries, including gold mining, textiles, and light engineering, has established operations in Mozambique, despite the political turmoil there. Lonrho's controlling stake in the Beira pipeline has ensured that Mozambique has had a more favorable attitude toward the firm than toward other companies. Lomaco has become successful in Mozambique by training security squads while discussing peace with all parties by informing people in the area about the benefits they will receive. Cluff Resources has established operations in Zimbabwe because of its relaxed environmental control. The strategies of these three firms demonstrate the importance of patience and a solid management strategy in overcoming political problems.
Publication Name: Multinational Business
Subject: Business, international
ISSN: 0300-3922
Year: 1991
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West Germany: expanding where the markets are
Article Abstract:
West Germany's exports as a part of GDP rose from 15.8 percent in 1960 to 23.6 percent in 1980. The rise in exports led to rapid growth in foreign direct investment (FDI). A survey of West German multinationals revealed that the most important motive behind foreign investment was to extend international activities into new markets, followed by: securing and extending an existing market; controlling marketing in the host country; the host country's political stability; and sales and market considerations. The four German multinationals which dominate FDI are Siemens, Hoechst, Volkswagen, and Bayer. The main strategy behind German FDI for 1977-1981 was to acquire foreign companies. About 75 percent of German FDI has been in developed countries, with a concentration in such industrial sectors as chemicals, insurance companies and credit institutions, and electronics.
Publication Name: Multinational Business
Subject: Business, international
ISSN: 0300-3922
Year: 1987
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Anglo in America
Article Abstract:
The Oppenheimer family of South Africa was the largest foreign investor in the US in 1981, according to Forbes magazine. The principal holdings of the family are South African: the De Beers Consolidated Mines diamond-mining company, and the Anglo American Corporation of South Africa gold-mining company, both currently headed by Harry Oppenheimer. A brief history of the family, its mining interests, and the corporate structures of the family-owned conglomerates precedes an analysis of the family's and the corporations' investment activities in Britain, Canada, South America, Bermuda, and the US. The alleged tax evasion tactics of the family empire are also discussed, focusing on corporate holdings transferred among Luxembourg, Netherlands, and British corporations to save Anglo American approximately $8 million in tax payments during 1983 and 1984.
Publication Name: Multinational Business
Subject: Business, international
ISSN: 0300-3922
Year: 1986
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