SA IS AFRICA’S THIRD MOST ATTRACTIVE INVESTMENT DESTINATION – REPORT

SOUTH Africa was ranked as Africa’s third most attractive investment destination, according to the Where to Invest in Africa 2021 report from RMB. The report showed that Egypt is Africa’s top investment destination with Morocco following in second place. Rounding up the top five are Rwanda and Botswana in fourth and fifth positions, respectively. The positive global sentiment that saw the year 2020 in was short-lived when Covid-19 and lockdown legislation demanded a new sociological construct that changes the work-life balance. The pandemic brought into sharp focus the vast disparities in access to basic health and wellbeing services across countries. It was also a catalyst for the adoption and utilisation of technology as a means of communication. RMB Africa economist Daniel Kavishe said the 2021 report assessed the extent of the pandemic’s impact by sketching Africa’s landscape before Covid-19 and then painted a picture of both its actual and potential outcomes through and post pandemic. The report found that while Egypt’s economy was hard hit by the pandemic, it was also one of the first to bounce back to a path of growth. For full story go to https:// www.iol.co.za/business-report