BILL BLACKIE: New economic scramble for Africa opens opportunities for SA companies
There is a new “economic scramble” taking place in Africa. But, unlike previous investment drives, which were internationally led and concentrated on the continent’s mineral wealth and prospects for infrastructure development, this one is being led by Africans as intra-Africa trade takes hold, businesses move across borders and entrepreneurs identify new opportunities.
The moves take place in two directions: from Africa into South Africa and increasingly from South Africa into Africa. The moves are being made by many mid-tier companies and family-owned enterprises — with annual turnovers of up to R2bn — which are finding the opportunities offered in sub-Saharan Africa increasingly attractive...
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