SA still attracts biggest FDI chunk despite uncertainty.

Durban – Despite economic and political uncertainty, South Africa remains the largest hub of foreign direct investment (FDI) on the continent, according to the latest EY Africa Attractiveness Report.

The report analyses FDI in 46 African countries and considers factors such as job creation and FDI projects.

From a project point of view, South Africa maintained its position as the continent leader with a 6.9% increase in FDI projects from 2015.

“There was a strong pickup in FDI activity in the consumer products and retail (CPR) sector, where projects more than doubled from 19 in 2015 to 41 in 2016. Even as its economy remains under pressure, South Africa retains its appeal as a launchpad for growth across the continent.”


By Liesl Peyper.
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