SOUTH African business investments in Nigeria are under the spotlight again after hotel and casino group Sun International announced it is pulling out of the country. The company cited poor economic conditions and regulatory challenges. It joins a growing list of high-profile South African business failures in Africa’s second largest economy. The Conversation Africa business and economy editor Sibonelo Radebe asked Mills Soko, who is associate professor of international political economy for the Graduate School of Business at the University of Cape Town, to unravel the complexities of the Nigerian market. • What are the conditions for doing business in Nigeria? Nigeria has the largest population in Africa and one of the biggest in the world. It boasts dynamic, entrepreneurial, ambitious and well-educated people. The country was, until recently, one of the fastest-growing economies in the world, prompting investment bank Goldman Sachs to include it in a group of countries called The ...
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