Rainbow nation's crock of gold?

Article Abstract:

Foreign investors seems to have adopted a wait-and-see attitude towards South Africa. Very little of the 22 billion rand in foreign capital that flowed into the country in 1995 was direct investment into factories or plant expansions needed to create jobs. Most of these capital inflows went into the stock market, the repurchase of market share lost through disinvestment, or agency, franchise, licensing and distribution agreements. International investors are playing it safe because of South Africa's uncertain future. There are concerns about the impending retirement of the charismatic president, Nelson Mandela, and the relative anonymity of his successor, deputy president Thabo Mbeki. Foreigners are also worried about the country's political instability and lack of competitiveness. The government will have to address these issues to attract the kind of foreign capital that South Africa needs for sustained economic development.

Foreign investments, Economic aspects

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Golden opportunities

Article Abstract:

South African companies are increasingly considering a primary stock exchange listing overseas. Both South African Breweries and Anglo American have already announced their plans to list on the London Stock Exchange, while mining group Goldfields, forest products firm Sappi, and insurers Old Mutual and Liberty Life have all indicated their interest in a foreign listing. Surprisingly, the South African government has been supportive of this trend. Finance minister Trevor Manuel welcomes the idea of major South African companies having primary listings overseas because he believes that this would enable the firms to access needed capital to finance their growth. Analysts also believe that foreign listings could trigger capital flow into the country.

Securities and Commodity Exchanges, Security and commodity exchanges, Securities Exchanges, Mining & Extractive Industries, Mining, Mining industry, Stock-exchange, Exchanges, Securities, Securities listing, Anglo American

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African dream

Article Abstract:

An evaluation of Africa's economic prospects in the year 2000 is presented, focusing on ways to improve economic growth while providing basic social services to Africans. Topics include the impact of Africa's history of imperialism, and the roles of the International Monetary Fund and World Bank.

Africa, Analysis, Management, International Monetary Fund, Forecasts and trends, Cover Story, Economic policy, Economic development, International economic relations, Economic forecasting

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