ABB bullish on Southern African growth prospects despite commodity pullback
Channel: CreamerMedia
Date: 2015-02-09

The Southern African unit of global power and automation technology group ABB is optimistic that the region’s growth fundamentals remain intact despite the recent fall in oil and commodity prices.

ABB Southern Africa MD Leon Viljoen reports that 17% of the company’s 2014 revenues arose from outside of South Africa and that the business is being increasingly structured to expand its presence in the African energy, industrial and mining markets south of the Equator.