Our Study Trip

Running head: OUR STUDY TRIP
OUR STUDY TRIP
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1OUR STUDY TRIP
Our faculty and management of “Gordon Institute of Business Science” decide to take us
on a study trip few days back. Our institute “Gordon Institute of Business Science” founded
by Sir Donald Gordon, is ranked one of the top “South African and African Business School”
according to the “UK Financial Times Executive Education rankings” chart. We visited
various places like the Nedbank and the Nondos restaurant. In the Nedbank, whose chairman
is Mr. Vassi Naidoo, their vision mainly focuses on the expansion of the bank branch and
maintain a good relationship with its stakeholder and employees. (Nedbank.co.za, 2019)
During our visit, they about their growing market and how the various new aged
technological tools like the apps helps in connecting with its customers. Taking the example
of the Fintech innovations as mentioned in our study lecture, it can be said that the digital
innovations plays a vital role in global expansion and recognition especially in the financial
sector. Digitization helps in smooth functioning especially for the technology savvy
consumers (Martins Oliveira and Popovič 2014).Now talking about the benefits and harmful
effects of internet as mentioned by Michael E Porter, while the benefits may outweigh the
harmful effects, still internet banking fraud and hacking posses a grave threat especially in
this financial sector. Now talking about the Nondos restaurant chain, which was founded by
Mr. Fernando Duarte in around 1987and, is famous for its Peri- Peri chicken. On the trip they
told us about us about their expansion plan and how they would want to open new restaurant
chains in foreign countries. They also told us the problems they face while distributing food
items in some foreign country. (Nandos.com, 2019) The main reason according to the article
by the author Maruis Oostuizen, Elrich Linde ,Kerry-lee Durrant and Ronak Gopaldas might
be the ever prevailing Corruption at different stages of Business along the Labor issues which
proves to be a major hindrance for any business organizations in terms of production and
human resource management. We also visited the Alexandra, which is a township in South
Africa in the province of Gauteng forming a side of the Johannesburg city and is also situated

2OUR STUDY TRIP
along the “upper-class suburb provinces of Sandton”. Surrounded by Wynberg in the west,
Lombardy west and Lombardy east on the south and Marlboro and Kelvin on the North,
Alexandra is also known as “Gomorrah”. Considered one of the poorest place in the whole
country, Alexandra is located near the banks of Jukskei River. Along with the so-called
“well-Build” bricks houses there are many around 20,000 not so formal living areas, also
known as sacks. Talking about the history of the city of Alexandra, it was formed in the year
1912 by a farmer name Mr H.B. Papenfus who owned the land. He tried to make a “white
residential township” and then naming it after his wife Alexandra. It was created under the
Land Act of South Africa in the year 1913.During the early 1960`s, the decision to remove all
the residential dwelling was taken by the government in the state of Alexandra. In addition,
“Single Sex hostels” was to be build in that place. However, later in the year 1979, the
scheme was written off because of the strong protest and riot around the country and in the
end only two hostels was finally constructed. Later in the year 2000, for the upliftment and
renewal of the people living in the Alexandra and its neighborhood, the new “Alexandra
Renewal Project” was started which causes a rift between the people residing there and the
companies like the waste disposal company - “SA Waste Holdings(Pty)Ltd. which is situated
near Marlboro. According to the latest official report, around 3000 houses were build under
this scheme. During the year 2008 in the month of May, there was a series of “Xenophobic
attack” that happened all over the country of South Africa. It began from the township of
Alexandra. The main reason was the undirected and misguided anxiety arising from the fact
that the rate of corruptions was high especially while distributing the resources like the
houses. As per the official reports, many foreign people especially from places like
Mozambique, Zimbabwe, Congolese along with people from North South Africa were mainly
the victims.