|RMB Analyst Celeste Fauconnier|
At a conference within the week, Rand Merchant Bank (RMB), said South Africa remains the most attractive country in Africa for foreign direct investment, followed by Egypt, Nigeria, Ghana and Tunisia.
RMB analyst Celeste Fauconnier said African countries dominated the list of the world’s fastest-growing economies and were increasingly seen as good places to invest.
“Between 1995 and 2012, Africa has done phenomenally well,” she said. “However, African countries are still a far cry from the leading developed nations of the world.”
According to Ms Fauconnier, investors saw great opportunities for foreign investment, especially in the resources sector, in sub-Saharan Africa.
She said in terms of business and investment, South African companies now operated in every country in Africa.