Grade 12 2021
Presentation
QUESTION 1
Read the scenario below and answer the questions that follow:
Canola (Pty) Ltd is one of the well-run business specialising in the extraction of oil around Standerton
in the Gauteng Province. They want to convert to a public company to be listed and to be able to
invite the public to buy shares. He has invested R100 000 at 12% for 3 years at FinBank at
compound interest rate to assist with the expansion of his company. When h received the return on
his investment, he bought stock worth R400 000, but insured it for R300 000. A fire in the warehouse
destroyed stock to the value of R60 000. Fortunately, the records were kept in a fireproof safe in the
Administration office which could account for the value of the stock. However, he can no longer
export their products due to an increase in the exchange rate.
Mr. Swazi enjoys the support of the board of directors as a CEO who regularly requests employees to
contribute ideas on how to increase the business' profit. He is proud to be quoted as saying that his
success is because of teamwork,
1.1
Identify the business sector in which Canola (Pty)LTD operates and motivate your answer by
quoting from the scenario.
(3)​