Grade 12 2024 Economics Case Study PDF

CASE STUDY 26 JULY 2024 GRADE 12 ECONOMICS TERM 3 TIME: 2 hours MARKS: 50 14 PAGES, including analysis grid and pre moderation report (Annexure...

CASE STUDY 26 JULY 2024 GRADE 12 ECONOMICS TERM 3 TIME: 2 hours MARKS: 50 14 PAGES, including analysis grid and pre moderation report (Annexure J1) P.T.O.  ECONOMICS 2 (Case Study) GR 12 SBA 2024 INSTRUCTIONS AND INFORMATION 1. This is an individual task 2. This task should be completed under controlled conditions 3. Number the answers correctly according to the numbering system used in this question paper. 4. Answer all the questions 5. Read the questions carefully. 6. Answer the questions in full sentences and ensure that the format, content, and context of your responses comply with the cognitive requirements of the questions. 7. Use only black or blue ink. 8. You may use a non-programmable calculator. 9. Write neatly and legibly.  ECONOMICS 3 (Case Study) GR 12 SBA 2024 Extract 1 FIX SPECIAL ECONOMIC ZONES FOR GROWTH IN SOUTH AFRICA Special economic zones (SEZs) in South Africa have not fully lived up to their potential — as has been the case in many African countries — to create jobs, beneficiate raw materials, develop new industries and transfer skills and technology from foreign companies. There are aspects of South Africa’s SEZ model that clearly need to change, one being that the zones must be made to fit within a long-term development plan rather than be ad hoc projects, which many of the country’s SEZs are. There must also be a business case for establishing SEZs. If the intention, for example, is to attract foreign direct investment, the objective must be integrated into a long-term national development plan. This means there must be a global demand and market for the products manufactured in these zones, and they must be embedded in the country’s comparative advantage. An SEZ cannot be established based on political, ideological, and interest-group considerations — as many special economic zones in South Africa have been. There must also be pragmatic and credible laws, regulations, and institutional frameworks to govern SEZs. And governments must implement these  ECONOMICS 4 (Case Study) GR 12 SBA 2024 consistently, honestly, and competently to foster investor, market, and society confidence that SEZs are not simply another avenue for corruption, self- enrichment, and failure. The business environment must be conducive, efficient, and friendly. The costs of doing business — registration, logistics and customs — should be conducive to companies setting up. Public infrastructure — power, rail, and water — for SEZs must be working, reliable and cost effective. Poor, unreliable or no infrastructure is a significant factor increasing the costs of doing business, global pricing competitiveness of products manufactured and of labour. Sound infrastructure is a vital competitive advantage for investors to set up shop. The neglect and collapse of infrastructure linked to power outages, the broken rail system and port delays have undermined the competitiveness of South Africa’s SEZs. The zones could be fully government-owned — as is the case with many in South Africa — or privately owned or public-private arrangements. In developing countries, the state-owned SEZs have mostly failed because the public sector’s governance failures such as corruption, incompetence and red tape are repeated in these zones. Public-private arrangements, in which the private sector co-govern and co-manage, have generally been the most successful. The problem is that South African national, provincial or city governments often do not have an adequate understanding of the requirements of businesses that want to invest in the SEZ. As a result, the government services provided for special economic zones are also frequently not tailored for the investors they want to attract. An effective, competent, and pragmatic management structure is crucial in managing SEZs. Many of South Africa’s state-owned special economic zones fail because of the same lack of implementation and execution management capacity in the public sector — especially if the same incompetent public sector managers are operating the SEZs. There must be clear monitoring, evaluation, and assessment mechanisms to ensure that SEZs are on track to meet their stated objectives and to intervene if the zone is in danger of veering off course. There must also be benchmarking of SEZs against comparable successful ones elsewhere. China, for example, in 1996 issued an official administrative decree for the compulsory regular evaluation of SEZ performance: those that are poorly managed, not meeting their development targets, and growing too slowly lose their special economic zone status. Chinese SEZs are evaluated based on several performance indicators, including knowledge creation and technological innovation, research and development expenditure and the number of R&D institutions and technology innovation incubators established.  ECONOMICS 5 (Case Study) GR 12 SBA 2024 The sluggish bureaucracy, red tape and incompetence seen in the public service has undermined the creation of competitive SEZs. The South African government often takes a long time to put legal, regulatory, and institutional structures in place for special economic zones — and sometimes even longer to operationalise. For example, then trade and industry minister Rob Davies announced the formation of the Musina-Makhado SEZ in 2017. But the project has yet to get off the ground. When finally in operation, business procedures are slowed down by red tape, and special customs and tax regimes are incoherently applied. In comparison, the Hamriyah Free Zone in Sharjah, in the United Arab Emirates, could grant a licence to establish a business within 24 hours of submitting all the required documents. Many South African SEZs do not have a clear strategy of how local firms will be linked to the supply chains of the global firms. African and South African SEZs also often do not integrate the boosting of research and development into the industrial value chains of companies. The technical learning, knowledge transfer and industrial upgrading in South African special economic zones is therefore not as effective as it has been in many Chinese, South Korean or Singaporean SEZs. Another point is that SEZs are often giant industrial structures that could damage the environment significantly. The construction and management of these zones must be done in such a way that it protects the environment and investors must be required to report on environmental, sustainability and governance performance. Many of the first-generation SEZs’ construction also rarely consulted local people, civil society, and interest groups. It is essential that new special economic zones do not repeat this mistake. If a site chosen to construct the SEZ involves uprooting residents, acquiring their land and property, the process must be done in consultation with them, fairly and compassionately. Special economic zones can play a role in developing new industries, beneficiating raw materials, and diversifying South Africa’s exports if they are linked to the national development strategy, done in partnership with business and freed from the public sector’s governance problems that have stymied SEZs up to now. [Source: https://mg.co.za/thought-leader/opinion/2024-02-12-fix-special-economic-zones-for- growth-in-south-africa/ ]  ECONOMICS 6 (Case Study) GR 12 SBA 2024 Extract 2 PRESIDENT RAMAPHOSA OFFICIATED EPWP 20 YEAR CELEBRATION. President Cyril Ramaphosa has officiated the celebration of 20 years of the Expanded Public Works Programme (EPWP) in the Eastern Cape. The President also launched Phase V of the programme. “The EPWP is a nationwide government programme to create work opportunities and income support to poor and unemployed people through the delivery of public and community assets and services, thereby contributing towards development. “The programme is one of government’s flagship Public Employment Programmes and has been implemented for the past 20 years since April 2004,” the Presidency said in a statement. The programme is implemented in the following sectors: Infrastructure sector and the non-state sector coordinated by the Department of Public Works and Infrastructure Social sector coordinated by the Department of Social Development Environment and culture sector coordinated by Department of Forestry, Fisheries, and the Environment According to the Presidency, since the EPWP’s inception, some 14 million working opportunities have been created through “more than 300 public bodies and non-profit organisations (NPO) implementing the EPWP”. “The work opportunities were created in sectors such as road construction, road maintenance, construction of schools and clinics, provision of early childhood development services, environmental greening and clean-up projects, fire projects and removal of alien vegetation projects. “These also include training and skilling in construction skills in painting, brick laying, carpentry, home community care skills and firefighting. “The launch of the Phase V implemented from 01 April 2024 to 31 March 2029 will be used to unveil millions of more work opportunities to benefit women, youth and poor households for inclusive growth, sustainable development, and community empowerment in the country,” the Presidency said. [source: https://www.sanews.gov.za/south-africa/president-ramaphosa-officiate-epwp-20-year- celebration]  ECONOMICS 7 (Case Study) GR 12 SBA 2024 Picture 1 Study the information below and answer the questions that follow FAMILIES TIGHTEN BELTS TO MAKE ENDS MEET ‘MY SALARY IS THE SAME FOR FIVE YEARS [Source: https://www.sowetanlive.co.za/news/south-africa/2024-05-27-families-tighten-belts-to- make-ends-meet/#google_vignette]  ECONOMICS 8 (Case Study) GR 12 SBA 2024 QUESTION 1 1.1 Give ONE term for each of the following descriptions. Write only the term next to the question number (1.1.1 – 1.1.5) in the ANSWER BOOK. Abbreviations, acronyms, and examples will NOT be accepted. 1.1.1 A strategy to strengthen institutional capacity to deliver services that will facilitate development 1.1.2 A programme that offers grants paid to local and foreign manufacturers starting new businesses 1.1.3 A route that has been strategically developed to promote economic activities, trade, and investment 1.1.4 Refers to policies that are aimed at increasing the economic livelihood of specific areas or geographical regions 1.1.5 They promote industrial development in underdeveloped regions (5 x 1) 5 Refer to extract 1 and answer the questions that follow: 1.2.1 From the extract, identify the supply-side approach in promoting growth and development in South Africa (1) 1.2.2 Name ONE of South Africa's regional development policies. (1) 1.2.3. Refer to the map above and complete the table below. (2 x 1) (2) Province New SEZ Gauteng Western Cape 1.2.4 What is the key infrastructure challenge faced by developing countries for industrial growth? (2) 1.2.5 What is the meaning of the statement / heading “fix special economic zones for growth in South Africa”? (2) 1.2.6 How do special economic zones (SEZs) align with South Africa's national development plans 2030? (2)  ECONOMICS 9 (Case Study) GR 12 SBA 2024 Refer to extract 2 and answer the questions that follow QUESTION 2 2.1.1 List any one growth and development policy launched before EPWP? (1) 2.1.2 Name any sector where the EPWP created employment (1) opportunities? 2.1.3 How many jobs have been created between phase I - IV of the expanded public works programme? (1) 2.1.4 Which of the South African growth and development policy and strategic initiative provide “...training and skilling…” (2) A AsgiSA B GEAR C JIPSA D NGP 2.1.5 How does the EPWP ensure that individuals who participated in the program experience lasting improvements in their socioeconomic conditions? (2 x 2) (4) 2.2.1 Answer the following questions (5) a) Briefly describe Natural benefits (1 x 2) b) Provide any ONE example of natural benefit (1 x 1) c) Briefly describe Subsidies on property (1 x 2) 2.2.2 What are the implications of income distribution on economic growth? (1 x 2) (2) 2.2.3 How can countries in the North and South collaborate to address the challenges of climate change? (1 x 2) (2)  ECONOMICS 10 (Case Study) GR 12 SBA 2024 Refer to the picture 1 and answer the questions that follow QUESTION 3 3.1 Which food category is the least affected by production cost increase? 1 3.2 What is the midpoint target for inflation set by the South African Reserve Bank? 1 3.3 Which product experienced a significant price increase from 2019 to 2024? 1 3.4 What are the consequences of high consumer inflation? (1 x 2) 2 3.5 Determine the inflation rate for 18 eggs for the current year. Show ALL calculations. 4 3.6 Broadly outline the inflation problem in South Africa between 2019-2024 (2 x 4) 8 Total :50  ECONOMICS 11 (Case Study) GR 12 SBA 2024 GAUTENG PROVINCE ECONOMICS Grade 12 26/7/2024 Cognitive Grid SBA: Case Study Cognitive level Topics Lower Middle Higher Economic Regional Inflation Question growth and Developme Easy Moderate Difficult Easy Moderate Difficult Easy Moderate Difficult 1.1.1 1 1 1.1.2 1 1 1.1.3 1 1 1.1.4 1 1 1.1.5 1 1 1.2.1 1 1 1.2.2 1 1 1.2.3 2 1 1.2.4 2 2 1.2.5 2 2 1.2.6 2 1 4 2.1.1 1 1 2.1.2 1 1 2.1.3 1 1 2.1.4 2 2 2 2.2.1(a) 2 2 2.2.1(b) 1 1 2.2.1( c ) 2 2 2.2.2 2 2 2 2.2.3 2 3.1 1 1 3.2 1 1 3.3 1 1 3.4 2 2 3.5 4 4 3.6 8 8 Total 13 16 17 2 6 10 9 9 4 2 8 0 Total 18 Total 22 Total 10  ECONOMICS 12 (Case Study) GR 12 SBA 2024 Annexure J 1 PRE-ASSESSMENT MODERATION REPORT Name of centre / Provincial task District: GDE school Name of DH / Mr Kwinika Subject Economics Examiner (s) Ms Ncube M.A Subject specialist D.C Task Grade 12 Term 3 5 Task Description Case Study number N.B: This tool must be used by the DH / Subject Specialist / Moderator to moderate tasks prior to their administration. Comment on the quality of each of the following criteria to determine the acceptability of standards applied on the task. 1. TECHNICAL CRITERIA CRITERION COMMENTS 1.1 Cover page: The cover page of the Case study complied in all respect Name of school, district, subject, time allocation, grade, task description, mark allocation, examiner, moderator, number of pages. 1.2 Clearly specified and unambiguous instructions. The instruction given to the learners are clear. 1.3 Correct numbering of questions. All questions were correctly numbered 1.4 Appropriate font size and type throughout the Correct font was used task. (Arial, 12) 1.5 Mark allocations (marks per question / Marks were correctly allocated instruction, after each sub section, marks additions and correct totals). 1.6 The quality of illustrations, graphs, tables, Illustrations were of good quality drawings, pictures etc. 2. CONTENT COVERAGE AND COGNITIVE DEMANDS CRITERION COMMENTS 2.1 Content coverage of the task as prescribed in Content coverage was as per ATP the ATP. 2.2. The weighting of the content as prescribed by Weightings of content was as per CAPS the CAPS.  ECONOMICS 13 (Case Study) GR 12 SBA 2024 2.3 Appropriate distribution of cognitive levels as Cognitive were appropriately distributed prescribed by CAPS. 2.4 Analysis grid/ Assessment framework. Analysis grid was correctly done 2.5 Scaffolding of questions from simple to complex. Questions were correctly scaffolded 2.6 Predictability of questions. 2.7 Choice questions/Multiple choice questions: Choice question were of equal level of difficulty (equal level of difficulty where relevant, equal length and number of words) 2.8 Correlation between mark allocation, level of Mark allocation correlate with the level of difficulty. difficulty and time. 3. MARKING GUIDELINES CRITERION COMMENTS 3.1 Efficiency of marking guideline in terms of Sufficient alternatives were accommodated sufficient alternatives, allowance of consistent marking. 3.2 Correlation between the question and the Questions and answers correlated expected answer. 3.3 Correlation of mark allocation on the question Correct correlation paper and on the marking guideline. 3.4 Correlation between the question verb and the Correct correlation response. 3.5 Indication of awarding of marks for each answer. Mark correctly awarded 4. LANGUAGE CRITERION COMMENTS 4.1 The use of correct subject terminology (jargon). Subject terminology was correctly used 4.2 Appropriateness of the language to the level of learners. Language was appropriately used 4.3 Evidence of bias in terms of gender issues, race, cultural issues, and provincial and regional bias. No evidence of bias 5. MODERATION CRITERION COMMENTS 5.1 Evidence of school / district pre-assessment moderation. Not Applicable 5.2 The use of correct Annexure J1 for pre- assessment moderation. Correct J1 was used 5.3 Evidence of history of school / district moderated task. There is evidence of first draft of the task which has been kept by the developer.  ECONOMICS 14 (Case Study) GR 12 SBA 2024 Does the task meet all the requirements to declare it Date of NOT APPLICABLE YES NO fair, valid, and dependable? resubmission If NO, what must the teacher do CONDITIONALLY The task is: APPROVED √ NOT APPROVED APPROVED Name of Moderator: Mr Kwinika D.C Signature: Kwinika D.C Date: 19 / 07 / 2024