South Africa Drop to 4th Most Attractive Investment Destination in Africa

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Cyril Ramaphosa News

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Rand Merchant Bank released a, 'Where To Invest In Africa 2024' report. South Africa is in fourth place as African countries that are favourable to invest in.

Rand Merchant Bank's 'Where to invest in Africa Report' gives investors a detailed breakdown of 31 countries in Africa

The analysis uncovers Africa's premier investment economies and provides insights for investors, policymakers, and business leaders. A drop in GDP and disastrous unemployment figures are the main factors to cause South Africa's drop in rankings.' report was presented yesterday. South Africa's GDP has slipped to second behind Egypt in 2023, hence we have dropped into 4th place as the most desirable nations in Africa to develop businesses in.

Cyril Ramaphosa's will be looking to boost the country's GDP and rely on his previous business background to improve South Africa's ranking. Image: Gulshan Khan/AFPover 30% of the country's population is unemployed“Africa is not a country, but a vast, diverse and complex continent with different cultures, economies and investment potential.

The latest global passport index has been published, showing an improvement for South Africa. Our passport is now ranked as the third most powerful in Africa.Timothy Oates is Briefly News' Current Affairs Head of Department. He joined the Legit group in 2022. Timothy holds an Honours degree in Sports Management from the Tshwane University of Technology, awarded in 2008, and has completed courses in Project and Stakeholder Management at Stellenbosch and Pretoria Universities, respectively.

 

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