Why investors are into Africa
24 October 2012
Independent Online (South Africa) - Increasingly, the case for investing in Africa is made on the basis that this “last frontier” is now in a strong position to develop, to urbanise its growing and relatively young population, and to foster a large middle class.
The opportunities for individual South Africans to access investments elsewhere in Africa remain fairly limited. Even retirement funds and unit trust funds with mandates that enable them to invest in Africa’s markets have been slow to venture into this new frontier. Recent poor performance from showcase African funds and indices has not helped the cause, but could this be all the more reason to invest now?