MAC3703 Assignment 2 (DETAILED ANSWERS) Semester 2 2023 () - DUE 19 September 2023 100% TRUSTED workings, explanations and solutions. For assistance call or us on .
QUESTION 1 (30 MARKS) Mrs Sindy Lula has been in the financial Services Sector for more than 20 years and is considering a career s...
Mrs Sindy Lula has been in the financial Services Sector for more than 20 years and is
considering a career shift. At present, she is a credit provider (mashonisa) where she owns
and runs the money lending business throughout the Eastern Cape under the name BZN
Agri-Retailers (PTY) LTD. Having been in this business for more than 20 years, she has
grown bored of the business and is considering selling it to a competitor and venture into
landscaping and be a landscape designer. She intends to focus on:
1. Garden designs
2. Kids play areas
3. Swimming pot Mashonisa (credit providers) is part of the financial services market. Most
Mashonisas are illegal and unregulated lenders that operate without compliance with the
National Credit Act (NCA). Mashonisas offer loans that don't require formal documents to be
filled out.
Although they are not registered with NCA, the lender who harasses the borrower is
breaking the law and can be reported to NCA and to the police. Mashonisas are very popular
is South Africa because of the speed, the convenience, no credit checks requirements,
simplicity and fixed interest rates. There are no specific educational requirements for a credit
provider (Mashonisa). Some Mashonisas are registered with NCA so as the have the
competitive advantage.
According to the Wonga report, “The NCR is currently embarking on a campaign to get all
unregistered credit providers registered, through the mobile registration office that moves
around the country to assist unregistered credit providers to register. In addition the
unregistered credit providers are continuously referred to the tribunal so that fines can be
imposed on them for operating a business of a credit provider without a licence.” Mrs Sindy
Lula’s company is registered with NCA and is a private company registered with CIPC. The
company has very few compliance requirements.
Landscaping is very different. It is part of the landscaping products market and is subject to a
plethora of rules and standards concerning the advice and service that landscapers can
give. Certain projects/sites may require and have in place an Environmental Management
Plan (EMP), an Environmental authorization or a Water use license. In these instances, it is
critical that the landscaping company obtains copies of these documents and takes note of
the requirements up front to ensure that all work on-site is undertaken in accordance with
these legal requirements.
At times external environmental auditors or the “Green scorpions” may visit projects to
confirm compliance with the authorization, license or EMP requirements. The landscaping
industry is a very competitive space to work in, especially when businesses are within close
geographical range to one another. It’s a constant battle and the landscaper must know what
she is up against. Who’s taking her share of the market?
, Or better yet, whose market share does she seek to gain? The landscaper must have
qualifications and must be a member of South African Landscaping Institute and must
comply with landscape standards.
REQUIRED:
(a) For each of the markets in turn discuss with reasons whether you feel the level of
orchestration is loose or tight and whether the complexity in the market is low or high. (12
Marks)
(b) In each case, outline which ecosystem archetype (Hornet’s Nest, Lion’s Pride, Shark
Tank or Wolf Pack) is so depicted and the consequences of this on the strategy to be
followed. (13 Marks)
(Total: 25 marks)
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