Overview
The ‘Let’s Do More Initiative’ is the most ambitious and inclusive project ever undertaken by Global Association of Billionaires and Millionaires (GABM) and seeks to involve the entire international business community and civil society as a strong collective in its quest towards the alleviation of global poverty.
The ‘Let’s Do More Initiative’ has been introduced as a result of the dire state of the global economy and high levels of unemployment, resulting in the current unprecedented levels of poverty, extreme hunger, civil unrest, crime levels and political instability all over the world.
The objective of the South African GABM Chamber is to appoint Goodwill Ambassadors in all major cities of the country to increase the organization’s overall capacity, by:
Inviting most of the 50 000 US Dollar millionaires in South Africa to become GABM associate members in terms of its vigorous membership expansion program, and;
Similarly to manage GABM’s philanthropic and community development programs that will ensure a safer and better life for the majority of the people suffering from the terrible socio-economic conditions in South Africa.
Although South Africa has the largest economy on the African continent, only a few benefit from the country’s economic prosperity as a result of government corruption that has reached endemic proportions during 2011, as well as the lack of political will and effective leadership to address the aforementioned.
Moreover, the official unemployment rate in South Africa is said to be 24%, but the unofficial unemployment rate is said to be more than 40% which provides a clear indication as to the real need for all successful companies, business leaders and entrepreneurs - as responsible corporate citizens - to come together as a strong collective and provide for those experiencing extreme hunger and having no prospects of finding a decent sustainable job. Not only because we have a moral and ethical obligation to do so, but because it is the right thing to do!
For more information about the GABM ‘Let’s Do More Initiative’, or click here...
Political Info on South Africa
- Official Name of Country: South Africa
- Head of State: President Jacob Zuma (2009)
- Government: Republic
- Land Area: 471,008 sq mi (1,219,912 sq km)
- Capital City: Administrative Capital (2003): Pretoria, 1,541,300 (metro. area), 1,249,700 (city proper). Legislative Capital and largest city: Cape Town, 3,140,600 (metro. area), 2,733,000 (city proper). Judicial Capital: Bloemfontein, 378,000
- Largest Cities: Cape Town: 3,140,600 (metro. area), Durban/Pinetown: 2,396,100 and Johannesburg: 1,675,200
- Population: (2010 est.) 49,109,107 (growth rate: –0.05%)
- Official Languages: IsiZulu 23.8%, IsiXhosa 17.6%, Afrikaans 13.3%, Sepedi 9.4%, English 8.2%, Setswana 8.2%, Sesotho 7.9%, Xitsonga 4.4% and Other 7.2% (2001)
- Ethnicity/Race: Black African 79%, White 9.6%, Colored 8.9% and Indian/Asian 2.5% (2001)
- Religions: Zion Christian 11%, Pentecostal/Charismatic 8%, Catholic 7%, Methodist 7%, Dutch Reformed 7%, Anglican 4%, Other Christian 36%, Islam 2% and none 15% (2001)
- Literacy Rate: 86% (2003 est.)
Economic Info on South Africa
- Official Currency: Rand
- GDP: $495.1 Billion; per capita $10,100 (2009 est.)
- Real Growth Rate: –1.8%
- Inflation: 7.2%
- Labour Force: 15.23 Million economically active (Agriculture 30%, Industry 25% and Services 45% (1999 est.))
- Unemployment: 24%
- Imports: $70.24 Billion (2009 est.) Machinery and Equipment, Chemicals, Petroleum Products, Scientific Instruments and Foodstuffs
- Exports: $67.93 Billion (2009 est.) Gold, Diamonds, Platinum, Other Metals and Minerals as well as Machinery and Equipment
- Industries: Mining (World's Largest Producer of Platinum, Gold, Chromium), Automobile Assembly, Metalworking, Machinery, Textiles, Iron and Steel, Chemicals, Fertilizer, Foodstuffs and Commercial Ship Repair
- Natural Resources: Gold, Chromium, Antimony, Coal, Iron Ore, Manganese, Nickel, Phosphates, Tin, Uranium, Gem, Diamonds, Platinum, Copper, Vanadium, Salt and Natural Gas
- Major Trading Partners: U.S., UK, Japan, Germany, Netherlands, China, France, Saudi Arabia and Iran (2004)
- Ports & Harbours: Cape Town, Durban, East London, Mossel Bay, Port Elizabeth, Richards Bay and Saldanha
- Airports: 727 (2002)
