Economic outlook positive for Africa, except SA
Channel: Engineering News
Date: 2015-01-16

While significant growth is forecast for five African countries that form part of the top-ten biggest growing economies in the world, this is not the case for South Africa.

Speaking at the Frontier Advisory’s Africa Outlook 2015 forum, CEO Martyn Davies pointed out that the Democratic Republic of Congo, Cote d’Ivoire, Congo, Mozambique and Tanzania would double their growth domestic product (GDP) in less than ten years. In contrast, South Africa, at its current growth rate, would take almost 50 years to double its economy.