Is the price worth it?

What did they think will happen? Korea is not in the Western hemisphere. They are not interested in local South African job creation, they are here to make as much money with the least resources required in doing this.

This is exactly what will happen when Chinese and other Eastern countries moves plants and so-called 'investments' to SA. There will be much more 'catches' to their investments than with companies like Ford, Delta, etc.
 
The whole situation is entirely artificial. There would be no local jobs if it wasn't for the import duties. Our labour force is lazy, overpaid, untrained, untrainable, disloyal and malicious, and there's no way they could compete with Korean imports. There is exactly one reason why Samsung is here - it improves profits. So yes, the duties have done their job; they've brought some local investment, but the bill is being paid by the TV buying public.

Another thing is that there is now less competition, since Dell, HP, and the rest are still paying those extortionate duties, Samsung can charge what they like. And then there's the loss of productivity, since offices can't afford to install the huge computer monitors that foreign companies are using to improve their workforce's output.

TIA.
 
House said:
What did they think will happen? Korea is not in the Western hemisphere. They are not interested in local South African job creation, they are here to make as much money with the least resources required in doing this.

This is exactly what will happen when Chinese and other Eastern countries moves plants and so-called 'investments' to SA. There will be much more 'catches' to their investments than with companies like Ford, Delta, etc.
Click to expand...

Agreed... they come to consume and not to create jobs. They want cheap as possible ...
 
“We are pretty upset,” says Jaime Vilela, CEO of Anyview Technologies. “We have invested R120 million into getting our plant up to Samsung’s standard only to get three months’ notice that the contract was over.”
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Still, you'd think the local guys should get preference, especially as taxpayers are going to have to subsidize Samsung now.
 
House said:
What did they think will happen? Korea is not in the Western hemisphere. They are not interested in local South African job creation, they are here to make as much money with the least resources required in doing this.

This is exactly what will happen when Chinese and other Eastern countries moves plants and so-called 'investments' to SA. There will be much more 'catches' to their investments than with companies like Ford, Delta, etc.
Click to expand...

This, cheap labour
 
While this is sad, it seems that Samsung is able to replace the manufacturing capacity with half the staff at around half the price it took for the existing guys to get production lines up. Can't help but think they weren't doing a great job and brought this upon themselves.

If the only way we can compete internationally is by not allowing international companies to compete on our turf, we've already lost.
 
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Well this situation is not unique to SA it's happening here In Asia for example Japanese companies used to employ More in South east Asia till they started importing robots and tech from Japan which they used in the local production line. dti needs to do more to protect local business and then take off the training wheels when theyve built a decent capacity
 
elvis_presley said:
While this is sad, it seems that Samsung is able to replace the manufacturing capacity with half the staff at around half the price it took for the existing guys to get production lines up. Can't help but think they weren't doing a great job and brought this upon themselves.

If the only way we can compete internationally is by not allowing international companies to compete on our turf, we've already lost.
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Or the balance of employee's will be imported from Korea. Either way I can't say I blame Samsung. Our labour force is unreliable and a ticking time bomb so less reliance on locals can only boost the bottom line.
 
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