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Article: The Asian eagle has landed. (Asian investment in South Africa)

Article from:
African Business
Article date:
October 1, 1995
Author:
Copyright

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 traditional sources of investment are holding back to see . how the new South Africa copes with its ...

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