South Africa still remains the most attractive destination to do business in Sub-Saharan Africa despite its recent economic slowdown.
A new Africa report by auditing firm Ernst and Young has shown that two-thirds of Sub-Saharan African economies are still growing at rates above the global average.
The continent also remains the second fastest-growing region in the world for the foreseeable future. While global Foreign Direct Investments (FDI’s) fell by 5% in 2015.
The report shows that Africa was one of only two regions in the world in which there was growth in the number of FDI projects over the past year.
North African countries remain under some pressure economically, but have the advantage of a relatively business-friendly environment.
Other high-growth economies like Tanzania, Uganda and Ethiopia are were ranked in the top 10 in terms of macro-economic resilience.
(reference:http://www.sabc.co.za)
