Investors shouldn’t dismiss South Africa over its other continental peers as it has strong institutions that can buttress its economy if it focuses on accelerating growth, the head of research at Standard Chartered Bank said.
Data from PWC’s Private Business Attractiveness Index suggests that despite the operational challenges, South Africa is becoming a more attractive location for private business, compared to countries in the Europe, Middle East and Africa region. Still, without the growth push, South Africa’s economy is expected to lag other big regional economies that are also implementing reforms. The International Monetary Fund expects its economy to expand 0.9% this year, Nigeria’s 3.3% and Egypt’s 3%.
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