Southern Africa
The southern African region and especially South Africa is one of the fastest growing emerging markets representing a population of over 200 million people. With growth rates exceeding 5% pa, sound monetary and fiscal policies and a stable currency, Southern Africa presents great opportunities for companies to expand into.
Opportunities
- Strong economic growth, especially in South Africa (5%+)
- Significant spending on infrastructure - telecoms, power, transportation
- Soccer World Cup in 2010
- Sound legal and financial systems
Challenges
- Need to partner with local player
- Black Economic Empowerment issues must be considered
- Unemployment, crime, HIV