TRADE DESTINATIONS
DIANNA GAMES: Engagement with sub-Saharan Africa critical to growth
'Assets are getting cheaper and risk-tolerant South Africans are well positioned to snap them up'
With the focus in SA increasingly inward due to the political shenanigans and concerns about the domestic economy, it is easy to forget about the rest of the continent, with which the country is inextricably linked. The reality of SA’s interconnectedness with sub-Saharan Africa hit home with the recent attacks on Africans and foreigners from other regions. But many South Africans, including government officials, mostly do not realise the extent of this country’s dependence on the rest of Africa for its own economic growth. The perception is not helped by the mainstream media, which appear to have limited interest in issues related to the continent, despite the huge growth in this regard, especially over the past decade.The issue was raised last week by the IMF’s senior resident representative in SA, Dr Montfort Mlachila. Speaking at the University of Johannesburg, Mlachila reminded the audience that the rest of Africa accounted for 30% of SA’s total exports in 2015, much higher than...
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