To corporates we provide: country risk and investment climate management – including political, policy, regulatory, economic and social risk; country competitive benchmarking; corporate strategy; scenario planning; entreprise resilience and risk management; strategic communications, government relations and policy advocacy; stakeholder management; corporate social investment;
To governments we offer: investment climate reform; growth strategies; competitiveness and incentives development; country competitive benchmarking; special economic zones strategy and implementation; spatial development, economic localisation and infrastructure planning; economic diversification and sectoral strategies – including clusters development and demand forecasting; project structuring; project and bankable feasibility development
Eunomix has conducted a large number of projects across Africa and beyond. Here is a sample of private sector and government projects. For additional case studies, please Find out more
We designed a country risk-resilient strategy and strategy development framework for a South African mining company
We designed a comprehensive corporate strategy and strategy development framework to support the client’s requirement for sustainable growth. The project was motivated by rising challenges to securing investment, addressing investment climate risk, lower PGM prices, and rising costs. The new strategy process streamlines business planning and strategy integration, incorporates a wider range of strategy-relevant factors into a suite of analytic tools, creates enhanced strategic decision-making, and improves performance monitoring and reporting.
We formulated a data-centric country risk scenarios for a blue-chip mining company, which led to a large overseas acquisition
We comprehensively assessed South Africa's
We influenced mineral policy and legislation in South Africa toward regulatory certainty through effective analysis and engagement
We established a country risk management framework integrated with corporate strategy for a blue-chip coal producer
We developed a comprehensive country risk management toolkit derived from the company’s extensive scenario planning and strategy development expertise. This toolkit
We performed a due diligence on acquisition target in high risk jurisdiction in Africa
We conducted an in-depth due diligence on a potentially risky acquisition target operating in a high-risk jurisdiction for a large resources company. The DD comprehensively identified key risk areas arising from the operating environment, the target’s business structure, the nature of the assets owned by the target, the way these assets were acquired, and potential compliance and legal issues. The DD also ascertained the target’s key value proposition. This due diligence played an important role in the client’s decision not to proceed with the acquisition.
We de-risked a mineral supply for a global mobile phone manufacturer in the Democratic Republic of the Congo toward greater custodianship
We conducted a two-phased due diligence for a global mobile phone manufacturer, delivering a country risk assessment for the DRC, specifically related to the mining supply chain, and a focused examination of three selected copper-cobalt mining companies. This was done as a benchmarking incorporating their historical performance, management and reputation. Through our recommendations, the client was able to confidently select a cobalt supplier that met its own standards of integrity and responsibility.
We reviewed and contradicted the UNCTAD 2016 report on trade misinvoicing accusing the South African mining industry of systematic minerals smuggling
We were hired by the Chamber of Mines of South Africa to conduct an independent review of
We acted as transaction advisor for a public-private partnership for a special economic zone in the DRC
We provided transaction advice for a public-private partnership investment into the Maluku SEZ in the Province of Kinshasa. The project entailed conducting a comprehensive project transaction-readiness assessment, transaction preparation action plan and transaction support. We conducted a number of technical tasks during the project,
We conducted a comprehensive prefeasibility study for two special economic zones in Kenya, with a focus on competitiveness and strategic positioning
We conducted a full
We assessed the performance of two industrial development zones in South Africa for one of its funders
We assessed the operational and financial performance of two Industrial Development Zones in order to support their transition to special economic zone status. This project, conducted on behalf of the Provincial Treasury, also entailed a financial performance assessment and a comprehensive comparative benchmarking of the two zones’ operational performance relative to similar zones in Asia and Europe. The purpose of this was to assess the long-term prospects of the zones to achieve financial self-sustainability.
We reviewed the performance of investment incentives to attract foreign direct investment in Lesotho
We provided actionable recommendations in the design of investment incentive scheme, based on lessons learnt from five case studies that are using them to attract and retain FDI in labour-intensive manufacturing, tourism, ICT, and services. We developed a country matrix based on a number of qualitative and quantitative indicators to identify relevant comparator and competitor countries and an in-depth comparative analysis of investment incentive schemes.
We developed the business plan for integrated industrial platforms in Senegal
We developed an analysis of the competitiveness of Senegal’s industrial platforms and prepared inputs and recommendations to the industrial platform program’s business plan and legal and regulatory framework. This was done through a comprehensive qualitative and quantitative benchmarking matrix of comparator and competitor zones/parks; cost-benefit analysis of different options for the industrial platforms.
We established the pre-feasibility on economic and locational strategy for Botswana’s SEZs
We conducted a pre-feasibility study through an economic and locational strategy of Botswana’s future SEZ program. This rested on the development of an innovative methodology to select and rank these opportunities by combining comparative, competitive and locational attributes. The study led the Government of Botswana to establish its SEZ program, which is currently under implementation.
We undertook a pre-feasibility study of a pilot commercialisation project for industrial estates in Lesotho
We undertook a comprehensive assessment of Lesotho’s factory shell programme by analysing the baseline supply of factory shell space, estimating future demand and evaluating the financial performance of the programme. We developed a financial model for
We facilitated the drafting of a national special economic zones strategy in Zimbabwe and supported its adoption by government
We facilitated the creation of a Ministerial Cabinet SEZ strategy, which led to the adoption of a new SEZ law in 2016. In this process, We extensively worked with a panel of senior government officials, guiding them through the process of designing strategy and adopting it. The project entailed consultations with the Minister of Finance and other senior cabinet members. The SEZ strategy is now under implementation.
Eunomix Research is a specialised division of Eunomix dedicated to positively contributing to public policy and corporate practices that impact the growth and development of Africa’s resource-rich countries and their communities.
Eunomix Research does this by conducting and distributing research into the public domain. It is committed to producing research that has public value, and that is original and of the highest standard.
The performance of Zambia's mineral rents between 1970 and 2017 - A comparative analysis with Chile
The present report is an update of a 2012 analysis conducted by Eunomix Research on the relationship between mineral rents, mineral prices and economic growth in Sub-Saharan Africa between 1970 and 2010. The report focuses principally on Zambia, a country whose dependency on mining has remained pronounced since independence, and which – like many other resource-rich countries – has experienced pronounced changes in policy.
Mineral Policy Impact on South Africa's Mining. An Economic Analysis
Eunomix Research has completed an independent empirical analysis of the impact mineral policy has had on the performance and socioeconomic contribution of the mining sector in South Africa over the past twenty years. South Africa’s mineral policy interventions over the past two decades have had a detrimental effect on the economic contribution and performance of the sector. Furthermore, these interventions have failed to deliver some of its key socioeconomic objectives. The overall efficacy of South Africa’s mineral policy has been low.
Research summary: The impact of mineral policy on the economic contribution of mining in South Africa
Download a summary facts sheet of the report here.
Final Report - A review of the UNCTAD report on trade misinvoicing, with a full counterfactual on South African exports
At the request of the South African Chamber of Mines, Eunomix Research has conducted an independent, non-peer reviewed, analysis of the UNCTAD study entitled Trade Misinvoicing in Primary Commodities in Developing Countries: The cases of Chile, Cote d'Ivoire, Nigeria, South Africa and Zambia. The UNCTAD study points towards a systematic practice of mis- and underinvoicing among mining companies in these countries, alleging that the mining industry has been engaging in this practice with the direct objective of avoiding taxes or, at the very least, reducing tax burdens in producing countries. Specifically, the report states that mining and oil companies have misappropriated as much as 67% of the export revenues of the countries studied, most of which would occur out of South Africa.
Infographics on the contribution of mining in Rustenburg - 2014 data
In March 2016 Eunomix Research released a study measuring the impact of the platinum mining industry on the socioeconomics of Rustenburg, South Africa. This infographics presents key findings of the study in a concise way.
Evaluating the socioeconomic impact of platinum mining in Rustenburg
Eunomix Research documented the impact of platinum mining in Rustenburg in South Africa. It looked at the three main platinum companies' direct and indirect economic role and the impact of their social investments. The study found that while their impact has been extensive, there remains space for more strategic directions in responding to underlying socio-economic problems that plague the area. The study was the subject of a full-page article in The Mail & Guardian.
Analysing the contribution to growth of the mineral and oil & gas rent in Sub-Saharan Africa
Eunomix conducted a ground breaking and comprehensive analysis of the long resource rent cycle in Africa between 1970 and 2010. The analysis demonstrated how commodity prices affect the formation of natural resource rents, and impact economic growth. The study, which has been widely distributed, demonstrates and quantifies how government policy can lead to accelerated rent formation as well as destruction – with their attending benefits and costs.
Measuring the impact of Zimbabwe’s beneficiation policy
Eunomix Research conducted an analysis of Zimbabwe’s beneficiation policy and its impact on the economy. This policy, presented by Government as being in keeping with the African Mining Vision, has sought to increase local transformation of minerals through smelting, refining or cutting and polishing. The research documented whether the policy is bearing
Special Economic Zones in 'Fragile Situations': A useful policy tool?
The African Development Bank published a Eunomix paper on Special Economic Zones (SEZs) in 'Fragile Situations'. The report contrasts the theory of developing SEZs with evidence from existing experience in fragile situations in Africa (more often than not of unfulfilled promises), identifying problems of weak governance and instability as particular constraints.
Special Economic Zones for South Africa: a 2013 Submission by Eunomix to the South African Parliament
Mr Claude Baissac, Managing Director, Eunomix Baissac, and Secretary of The World economic Processing Zones Association, who acted as consultant, advisor and expert on sub-Saharan Africa economic policies and conditions to various organisations, gave a briefing to the Committee on the proposals for Special Economic Zones (SEZs)
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Eunomix Business & Economics Ltd™ is incorporated in Mauritius, and Eunomix Research™ is incorporated in South Africa.
These things my spirit bids me
teach the men of Athens:
brings countless evils for the city,
but Eunomia brings order
and makes everything proper,
by enfolding the unjust in fetters,
smoothing those things that are rough,
sentencing hubris to obscurity
making the flowers of mischief to whither,
and straightening crooked judgments.
It calms the deeds of arrogance
and stops the bilious anger of harsh strife.
Under its control, all things are proper
and prudence reigns human affairs
Thus wrote the Athenian statesman Solon, philosopher and poet in the 6th century BC, of Eunomia, daughter of Zeus, who in dreams would appear to the rulers of the city-state and inspire them to legislate and rule justly and competently.
Eunomia, it seems to us, represents the ideal metaphor of the proper management of human affairs, and has inspired the name EunomixTM.