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SA must realise it is not investors’ only gateway into Africa

Dianna Games

(Business Day; Published 26/3/2012)

The more SA’s position as the gateway to Africa for foreign investors is eroded by a changing global order that includes changes in Africa itself, the more the debate in support of it seems to be aired in public forums locally.

The issue has come back onto the agenda as the BRICS (Brazil, Russia, India, China and SA) summit in India approaches. SA’s membership of the group has lent credence to the country’s perception of itself as not just the gateway to Africa but also the representative of Africa. Critics would argue that it qualifies on neither count in any definitive way. Continue reading SA must realise it is not investors’ only gateway into Africa

Unseemly diplomatic spat could easily have been avoided

DIANNA GAMES
BUSINESS DAY – Published: 2012/03/12 07:55:45 AM

THE icy wind blowing down to SA from hot and humid Nigeria over mass yellow-fever certificate deportations this past fortnight has highlighted the tensions that lie close to the surface in this uneasy relationship between Africa’s two pivotal states.

This issue highlights not the problem of health requirements as much as the negative perceptions about each other’s nationals. The yellow-fever certificate issue is not new. It has been a thorny issue between the countries for years. Continue reading Unseemly diplomatic spat could easily have been avoided

Business as usual in Nigeria, in face of Boko Haram havoc

DIANNA GAMES
BUSINESS DAY – Published: 2012/02/27 07:44:07 AM

LONG queues of cars formed along a number of main roads in Abuja, Nigeria’s capital, last week. It was not just a petrol shortage after the recent withdrawal of Nigeria’s longstanding fuel subsidy that seemed to be causing the problem.

 The relentless search by security officials for explosives and other instruments of death and mutilation favoured by Islamic fundamentalist sect Boko Haram is another reason traffic queues are forming across the otherwise orderly city. Continue reading Business as usual in Nigeria, in face of Boko Haram havoc

Mining reality is far more nuanced than predators and victims

DIANNA GAMES
BUSINESS DAY – Published: 2012/02/13 08:01:42 AM

THERE is nothing quite like a mining road show to get emotions stirred up. This year’s Mining Indaba did not disappoint. Not only were Congolese mining officials beaten up by protesters for being part of an allegedly rigged election last year, but civil society was out in force with its own event, a platform from which to give the capitalists a drubbing. Continue reading Mining reality is far more nuanced than predators and victims

Rich rewards and myriad problems await investors in Africa

BUSINESS DAY 

Published: 2012/01/30 08:10:18 AM

 NIGERIA’s president, who has spent the year so far fighting fires, must have been relieved to see the country top the list of investment destinations unveiled in a survey of investment institutions and fund managers last week. The Economist Intelligence Unit’s survey of 158 international institutions, including pension funds, hedge funds and private banks, showed fund managers rating Nigeria (51% of respondents) along with Kenya (48%) as being the countries most likely to yield the best investment returns over the next three years. Continue reading Rich rewards and myriad problems await investors in Africa

Hype about Africa as next big thing ignores harsh realities

Business Day (South Africa) 

Published: 2011/12/23 07:29:38 AM

A CLEAR signal of the change taking place in Africa is the appeal by ailing Portugal to its former colony, Angola, for investment. While Portugal’s economy is con tracting, Angola is looking at growth rates of double digits next year on a booming oil economy. According to news articles, Angolan President Eduardo dos Santos has graciously said the country is ready to assist its former ruler. Continue reading Hype about Africa as next big thing ignores harsh realities

Nigeria’s history catches up with president over fuel subsidy

Business Day (South Africa) 

Published: 2011/12/12 07:40:02 AM

THE issue of the fuel subsidy in Nigeria exemplifies everything that is wrong with this giant economy operating well below its potential. It reflects years of neglect of state refineries; it underlines the irony of being Africa’s biggest oil producer but also a major importer of refined fuel; it highlights the undermining of the economy by cartels; and it shows the lip service paid by the state to development. Continue reading Nigeria’s history catches up with president over fuel subsidy

SA mimicking the rest of Africa in allowing corruption to flourish

Business Day (South Africa)

Published: 2011/11/28 07:44:30 AM

 

ZAMBIAN President Michael Sata probably had the right idea when he decided to embark on a widespread firing spree in order to rid his country of corruption, given how entrenched the malaise has become in Zambia. Victims to date have included 73 district commissioners, the central bank governor, the heads of various branches of the armed forces, and the national police commissioner. Sata has dissolved the boards of the revenue and pensions authorities, fired ambassadors, parastatal chiefs and the head of the anti corruption body itself. Continue reading SA mimicking the rest of Africa in allowing corruption to flourish

Young leaders’ vision for a brave new Africa faces old problem

Published: 2011/11/14 07:40:40 AM

WHEN the topic of youth leadership comes up in SA, what comes to mind are the antics of Julius Malema and his cohorts in the African National Congress Youth League. The subject has many people throwing their hands up in despair, not only at the reports of bad behaviour and self-serving tactics, but also at the lost opportunity. The youth should be changing things for the better, not reverting to the discredited and failed policies of the past. Continue reading Young leaders’ vision for a brave new Africa faces old problem

Will the green-economy train take Africa to the right destination?

Published: 2011/10/31 07:42:02 AM

I WAS afforded a glimpse into the world of climate change last week at the 2011 African Economic Conference in Addis Ababa and observed how the debate has taken on almost religious proportions. Continue reading Will the green-economy train take Africa to the right destination?