Tag: foreign direct investment
The rand might have been turbulent of late and the GDP might have shrunk but Brand South Africa's CEO Kingsley Makhubela assures investors that the country remains on an upward trajectory. With a reduction in the cost of fuel, increased foreign direct investment and a halt in load shedding, South Africa is, indeed, still open for business.
South Africa's presence is increasing in Africa, with local brands able to shape the culture of shopping in countries like Nigeria, says Brand South Africa's research manager, Petrus de Kock. South Africa is one of the top three countries of origin for foreign direct investment in Africa, meaning our companies have internationalised at a rapid pace since 1994.
South Africa was well positioned to become a deal-making, financial and professional services hub for the entire region, Brand South Africa’s head pointed out at the Africa Risk Conference at the JSE.