Corporate and Investment Banking
Africa offers rich rewards
With the local economy expected to show muted growth over the next few years, it is unsurprising that a growing number of SA corporates are looking beyond our borders for earnings, writes Johann Barnard.Expanding into Africa is no walk in the park, and there are enough corporates with burnt fingers to attest to that, but those that are able to do so successfully tend to be richly rewarded.The continent represents a market ripe for the picking. And by all accounts it is one area that corporates and their bankers are keen to exploit for aggressive growth.Sasfin corporate finance head Francois Otto is excited about the growth potential. He points out that this view is based on long-term prospects — the next 20-30 years and beyond."I’m bullish about Africa over the long term. Right now, there is no doubt that some SA companies have had a tough time, but the case of Shoprite illustrates that if you have a little bit of guts and street smarts you can get very far because the market is so ...
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