R/€ = 15.34Change: -0.05
R/$ = 14.43Change: 0.04
Au 1068.40 $/ozChange: 4.70
Pt 838.50 $/ozChange: 7.00
Note: Search is limited to the most recent 250 articles. Set date range to access earlier articles.
Where? With... When?

And must exclude these words...
Close Main Search
Close Main Login
My Profile News Alerts Newsletters Logout Close Main Profile
Agriculture   Automotive   Chemicals   Competition Policy   Construction   Defence   Economy   Electricity   Energy   Environment   ICT   Metals   Mining   Science and Technology   Services   Trade   Transport & Logistics   Water  
What's On Press Office Tenders Suppliers Directory Research Jobs Announcements Letters About Us
RSS Feed
Article   Comments   Other News   Research   Magazine  
Sep 18, 2012

SA still top African investment destination, but gap closing fast

Africa|Efficiency|Environment|Ghana|Merchant Bank|Africa|Angola|Comoros|Djibouti|Egypt|Eritrea|Ethiopia|Ghana|Guinea-Bissau|Kenya|Libya|Morocco|Nigeria|Rwanda|South Africa|Tanzania|Tunisia|Uganda|Gross Domestic Product|Power|Central Africa|West Africa
© Reuse this

A report by Rand Merchant Bank (RMB) once again ranked South Africa as the most attractive African investment destination, but the gap was closing rapidly.

In its second edition of ‘Where to Invest in Africa’, RMB noted that South Africa scored 5.84, followed closely by Egypt and Nigeria, with scores of 5.52 and 5.50 respectively.

The report, which, for the first time, included North African countries, measured an African country’s market size, as measured by gross domestic product (GDP) at purchasing power parity; the market growth rate, as reflected in the International Monetary Fund’s forecasts of real GDP growth; and an operating environment index, which looks at economic freedom, corruption, efficiency and business friendliness.

Ghana and Tunisia also ranked in the top five, achieving scores of 5.42 and 5.41 respectively, while Morocco ranked in sixth place with a score of 5.35, followed by Libya, which ranked 18 in the prior year, with 5.29.

Ethiopia, Kenya and Tanzania, scoring 5.07, 4.99 and 4.98 each, completed the top-ten list of investment destinations in Africa.

Kenya, Tanzania, Uganda and Rwanda were found to be the most attractive East African countries, while Tunisia and Morocco were the most notable North African economies, RMB said in its report.

“The North African economies, which entered the rankings this year, take many of the top positions. Even with the political problems surrounding the Arab spring and the resulting decline in their operating index, they remain relatively attractive markets,” said RMB.

However, RMB warned that, while Africa was still a desirable investment destination, Africa would need to fast-track its progress if it was going to compete with other rapidly growing emerging markets.

The report pointed out that West and Central Africa rated poorly, but Cote d’Ivoire recently entered the growth race after easing of political tensions.

Sub-Saharan country Angola remained a tough place to do business, despite its rapid growth and its position as the third-largest economy in the region.

Djibouti, São Tomé and Príncipe, Eritrea, Guinea-Bissau and Comoros were the lowest-ranking countries in Africa.

Edited by: Mariaan Webb
Creamer Media Senior Researcher and Deputy Editor Online
© Reuse this Comment Guidelines (150 word limit)
Other Macro and Micro News
Sasol Inzalo chairperson Khungeka Njobe
Updated 7 hours ago Following hot on the heels of the listing of MTN Zakhele earlier this month, petrochemicals company Sasol’s broad-based black economic-empowerment (BBBEE) fund Sasol Inzalo Public, followed suit on Tuesday – the second company to list on the Empowerment Segment of...
Public Enterprises Minister Lynne Brown
Public Enterprises Minister Lynne Brown reported on Tuesday that far-reaching interMinisterial committee (IMC) discussions were advancing on how best to reform South Africa’s State-owned companies (SoCs), many of which were currently underperforming. There are around...
Despite ongoing economic weakness in South Africa and parts of the European Union (EU), the 2015 trade performance has improved, with South African exports to the EU increasing 9.7% to R163.3-billion for the first nine months, while imports have risen 8.1% to...
Latest News
Updated 5 hours ago Construction company Murray & Roberts (M&R) on Tuesday said board members Mahlape Sello and Royden Vice would be excluded from any discussion and documents relating to the investigation of the October collapse of a support structure of a pedestrian bridge being built...
Updated 5 hours ago The Nuclear Industry Association of South Africa (Niasa) is not sitting by idly while National Treasury and the Department of Energy mull over the various options for the country’s controversial 9 600 MW nuclear build programme. While Energy Minister Tina...
Updated 5 hours ago While a resurgence in manufacturing in Africa has been popularly touted as the silver bullet that will accelerate the continent’s economic growth prospects, The Economist management editor and columnist Adrian Wooldridge has suggested that Africa’s industrial...
Recent Research Reports
Water 2015: A review of South Africa's water sector (PDF Report)
Creamer Media’s Water 2015 Report considers the aforementioned issues, not only in the South African context but also in the African and global context in terms of supply and demand, water stress and insecurity, and access to water and sanitation, besides others.
Input Sector Review: Pumps 2015 (PDF Report)
Creamer Media’s 2015 Input Sector Review on Pumps provides an overview of South Africa’s pumps industry with particular focus on pump manufacture and supply, aftermarket services, marketing strategies, local and export demand, imports, sector support, investment...
Liquid Fuels 2015: A review of South Africa's liquid fuels sector (PDF Report)
Creamer Media’s Liquid Fuels 2015 Report examines these issues in the context of South Africa’s business environment; oil and gas exploration; fuel pricing; the development of the country’s biofuels industry; the logistics of transporting liquid fuels; and...
Road and Rail 2015: A review of South Africa's road and rail sectors (PDF Report)
Creamer Media’s Road and Rail 2015 report examines South Africa’s road and rail transport system, with particular focus on the size and state of the country’s road and rail infrastructure and network, the funding and maintenance of these respective networks, and...
Defence 2015: A review of South Africa's defence sector (PDF Report)
Creamer Media’s Coal 2015 report examines South Africa’s coal industry with regards to the business environment, the key participants in the sector, local demand, export sales and coal logistics, projects being undertaken by the large and smaller participants in the...
Real Economy Year Book 2015 (PDF Report)
There are very few beacons of hope on South Africa’s economic horizon. Economic growth is weak, unemployment is rising, electricity supply is insufficient to meet demand and/or spur growth, with poor prospects for many of the commodities mined and exported. However,...
This Week's Magazine
The BMW Group will invest R6-billion at BMW Group South Africa’s (BMW SA’s) Rosslyn plant to produce the next-generation X3 sports-activity vehicle (SAV) for the local and export markets. Rosslyn will continue production of the current 3 Series through its lifecycle,...
The lack of consequences for poor performance and transgressions on the part of contractors remains a significant hurdle to tackling South Africa’s service delivery challenges, delegates heard at the Consulting Engineers South Africa Infrastructure Indaba, on...
City of Ekurhuleni executive mayor Mondli Gungubele earlier this month officially named the city’s bus rapid transit (BRT) system, Harambee.
NICK CHRISTODOULOU As about 58% of data stored by organisations is dark, they must identify this dark data to expose risks and valuable information
About 58% of unstructured data stored by companies is dark data, which means that the value or regulatory importance of the data has not been determined. Subsequently, most of the stored data add costs, rather than increasing revenue or reduce regulatory risks, says...
BRIAN VERWEY Effective management, review and administration of non-core elements can improve business operations and increase revenue and decrease unforeseen risks
Effective logistics, import/export and manufacturing consulting services require detailed industry knowledge and experience, but can add significant value to these industries by providing expert advice on various technical elements in their value chains, says...
Alert Close
Embed Code Close
Research Reports Close
Research Reports are a product of the
Research Channel Africa. Reports can be bought individually or you can gain full access to all reports as part of a Research Channel Africa subscription.
Find Out More Buy Report
Engineering News
Completely Re-Engineered
Experience it now. Click here
*website to launch in a few weeks
Subscribe Now for $96 Close
Subscribe Now for $96