South Africa shines as emerging economy

South Africa Economy
South Africa Economy

South Africa is the leading emerging economy on the African continent in terms of potential investment destination, a report has found.

In its recent report, Emerging Markets Opportunity Index: High Growth Economies, independent consulting and accounting firm Grant Thornton said South Africa was ahead of Nigeria in terms of potential investment destinations.

According to the results for 2012, South Africa was also the only African country to be ranked in the top 15 emerging economies worldwide, said the firm on Wednesday.

There were significant benefits that continued to attract investors to South Africa despite recent events in the mining sector. “Although recent events in the mining sector have hurt our country’s reputation as a destination of choice for foreign direct investment (FDI), there are significant benefits that continue to attract investors,” Grant Thornton South Africa chairman Deepak Nagar said.

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