A surprising event occurred in South Africa on Wednesday. No, of course it wasn’t a budget speech inspiring confidence in the country. Rather, it was a low-key event that inspired confidence in one small segment of industry.

Japanese imaging company Fujifilm, one of the world’s top five photography brands,  opened a new headquarters building in Johannesburg. At a time when smartphones have all but killed off consumer cameras, it was startling to see a multinational camera company increasing its investment in the country and the sector...

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