Africa News blog

African business, politics and lifestyle

Hope and fear in African business


It might surprise some that African business leaders are much more optimistic than the global average, which is what a new survey from PricewaterhouseCoopers shows.

The study, for which hundreds of executives were surveyed, suggested optimism had held up in Africa despite the global downturn.

“Africa’s immense growth potential could help explain high levels of confidence compared to that of business leaders elsewhere, many of whom work in mature markets that were heavily impacted by the crisis,” the study said.

The report, released ahead of the World Economic Forum for Africa, also indicated African executives were more confident that their firms would be providing more jobs than were those elsewhere.

South Africa’s slow recovery strikes home


SOCCER-WORLD/Three hours before South Africa’s central bank delivered a surprise interest rate cut, me and my wife stood on the grass outside our house while an auctioneer held a forced sale that could have driven us and our children from our home.

We are tenants – it was the landlord whose house had been repossessed – and a buyer was found who was ready to keep the lease.

from The Great Debate:

Africa and the global economic crisis

- Jorge Maia is head of Research and Information for Industrial Development Corporation of South Africa, established in 1940 to promote economic growth and industrial development. The opinions expressed are his own -

Serious shockwaves are hitting Africa's shores as the global economic crisis unfolds.