South Africa is the fourth-most attractive investment destination in Africa‚ the latest Africa
Investment Index survey reveals.According to the survey released on Tuesday‚ conducted by Quantum Global’s independent research arm‚ Quantum Global Research Laboratory‚ South Africa’s neighbour Botswana is the continent’s most attractive economy for investment.
Morocco was ranked second to Botswana‚ followed by Egypt – with Zambia ranked fifth‚ after South Africa, the survey said.
War-torn Somalia was ranked the worst investment destination‚ followed by Eritrea.
Botswana‚ it added‚ scored highly based on a range of factors that included improved credit rating‚ current account ratio‚ import cover and ease of doing business.
South Africa scored well on the growth factor of gross domestic product‚ ease of doing business in the country and significant population, the survey said.
The top five countries attracted an overall foreign direct investment of US$13.6b in 2016.