South Africa invests
Many foreign firms view South Africa as a springboard to the wider African continent, in the hope that they can establish a foothold and tap into large and rapidly expanding sectors such as banking, manufacturing, retailing, telecoms, transport and utilities. South Africa itself is amongst the largest investors in the African continent and the main driver behind intra-African investment in recent years. The country has clearly benefitted from its regional experience and expertise, whilst many firms have simply outgrown the domestic market and need to dip into neighbouring countries to sustain expansion plans.