Despite an overall deceleration in growth in recent years, South Africa leads as the top destination in Africa for inward foreign direct investment (FDI) and shows clear economic potential, according to new research from fDi Markets.
Five months of mining strikes in 2014 and rolling electricity blackouts have done little to unseat South Africa as the continent’s top destination for FDI. It ranks first for economic potential and first overall for Africa.
Between 2010 and 2014, the country saw the highest number of inward FDI projects in Africa with 667 investments chiefly in the business services sector (19 percent). This is closely followed by software and IT services (17.86 percent) and financial services (12.62 percent).