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The Asian eagle has landed. (Asian investment in South Africa)
African Business
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October 1, 1995|
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COPYRIGHT 1995 IC Publications Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group.
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While Western investment capital is still fighting shy of South Africa, Asian businesses are actively pursuing investment potential. Guy Arnold reports.
According to one of Africa's leading economists, Mr Tony Hawkins of Harare, South Africa is currently the continent's sole economic star with $11bn of direct foreign investment. "Multinational companies cannot afford to ignore the country. It's essential to move in."
This encouraging appraisal has not yet been matched by investment from either Europe or the United States. For a variety of reasons these ...
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