http://www.engineeringnews.co.za
  SEARCH
Login
R/€ = 13.13Change: -0.02
R/$ = 12.07Change: -0.13
Au 1187.17 $/ozChange: -20.08
Pt 1125.50 $/ozChange: -23.50
 
 
Note: Search is limited to the most recent 250 articles. Set date range to access earlier articles.
Where? With... When?








Start
 
End
 
 
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 Contact Us
 
 
 
RSS Feed
Article   Comments   Other News   Research   Magazine  
 
 
Sep 18, 2012

SA still top African investment destination, but gap closing fast

Back
Africa|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
Africa|Environment|Ghana||Africa|Angola|Ghana|Kenya|Tanzania|||Power|
africa-company|environment|ghana-company|merchant-bank-company|africa|angola|comoros|djibouti-country|egypt|eritrea|ethiopia|ghana|guineabissau|kenya|libya|morocco|nigeria|rwanda|south-africa|tanzania|tunisia|uganda|gross-domestic-product|power|central-africa-region|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
Outgoing AfDB president Donald Kaberuka
Updated 3 hours ago Nigeria's Agriculture Minister Akinwumi Adesina won an election on Thursday to be the new president of the African Development Bank (AfDB), the lender said. After six rounds of voting that saw seven rivals from across the continent defeated, Adesina secured around...
Updated 4 hours ago Revelations that two South Africans allegedly bribed Fifa with $10-million for the country to host the 2010 Soccer World Cup may have tarnished the country’s image, economist Mike Schussler said on Thursday. “The scandal has taken some of the shine off. If we’re seen...
HENK PRETORIUS Mobile phones and tablets are the next phase of digital banking, and the challenge is to get customers to use them and deliver good experience regardless of device used
South African Internet banking customers think all the major banks communicate poorly with them, which include system failures and scheduled downtimes, says Columinate CE Dr Henk Pretorius. The fourth annual Columinate Internet banking satisfaction survey found that...
More
 
 
Latest News
David Lewis
Updated 15 minutes ago David Lewis‚ head of the country's leading non-governmental anti-graft agency‚ Corruption Watch‚ has criticised Police Minister Nathi Nhleko's report exonerating President Jacob Zuma of having to pay anything for the upgrades to his Nkandla home. Nhleko yesterday...
Updated 1 hour 26 minutes ago While transformational efforts have succeeded in boosting black representation at a managerial level in the metals and engineering sector, these individuals appear to stagnate in middle management positions rather than progressing to senior or top management...
Updated 1 hour 45 minutes ago JSE-listed Afrox has appointed Dorian Devers CFO and Bernd Eulitz chairperson. Devers, who was also Linde Group Africa and UK region FD, took up the position of CFO and executive director on May 28.
More
 
 
Recent Research Reports
Steel 2015: A review of South Africa's steel sector (PDF Report)
Creamer Media’s Steel 2015 report provides an overview of the key developments in the global steel industry and particularly of South Africa’s steel sector over the past year, including details of production and consumption, as well as the country's primary carbon...
Projects in Progress 2015 - First Edition (PDF Report)
In fact, this edition of Creamer Media’s Projects in Progress 2015 supplement tracks developments taking place under the Renewable Energy Independent Power Producer Procurement Programme, which has had four bidding rounds. It appears to remain a shining light on the...
Electricity 2015: A review of South Africa's electricity sector (PDF Report)
Creamer Media’s Electricity 2015 report provides an overview of State-owned power utility Eskom and independent power producers, as well as electricity planning, transmission, distribution and the theft thereof, besides other issues.
Construction 2015: A review of South Africa’s construction sector (PDF Report)
Creamer Media’s Construction 2015 Report examines South Africa’s construction industry over the past 12 months. The report provides insight into the business environment; the key participants in the sector; local construction demand; geographic diversification;...
Liquid Fuels 2014 - A review of South Africa's Liquid Fuels sector (PDF Report)
Creamer Media’s Liquid Fuels 2014 Report examines these issues, focusing on the business environment, oil and gas exploration, the country’s feedstock supplies, the development of South Africa’s biofuels industry, fuel pricing, competition in the sector, the...
Water 2014: A review of South Africa's water sector (PDF Report)
Creamer Media’s Water 2014 report considers the aforementioned issues, not only in the South African context, but also in the African and global context, and examines the issues of water and sanitation, water quality and the demand for water, among others.
 
 
 
 
 
This Week's Magazine
While strongly welcoming the promulgation of the new Part 101 of South Africa’s civil aviation regulations, governing the commercial operation of civil remotely piloted aircraft (RPAs) in South Africa, the Commercial Unmanned Aircraft Association of Southern Africa...
LSM Distributors has contracted engineering consultancy WSP | Parsons Brinckerhoff Africa to undertake the R100-million restoration of the 54-year-old Kyalami racetrack, situated in Midrand. The restoration will assist in re-establishing it as a venue for...
South African Defence Minister Nosiviwe Mapisa-Nqakula has expressed the hope that the defence budget will be significantly increased over the next five years. She did so while addressing the media in her recent budget vote media briefing. The 2015/2016 defence...
The African Development Bank (AfDB) has been an implementing agency for the Global Environment Facility (GEF) since 2008. The relatively young portfolio has 28 projects over 30 countries on the continent according to the 2014 AfDB and GEF annual report released...
PAUL SPEAR Training and development should be an integral and proportionate part of the long-term strategy of all companies, regardless of their size
Investment in South African youth through apprenticeships and learnerships will not only create direct benefits for businesses but will also contribute significantly to job creation and socioeconomic transformation in the country.
 
 
 
 
 
 
 
 
 
Alert Close
Embed Code Close
content
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
 
 
Close
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