South Africa's Role in Africa's Economic Renaissance
Episode Description
South Africa occupies a unique position on a continent that is undergoing a boom. The country is an economic bridge that pairs Western investors with burgeoning business opportunities in sub-Saharan Africa, and it also is a source of ideas for other developing countries eager to learn how a fledgling democracy can work in the wake of a trying past. Knowledge@Wharton spoke with South Africa's ambassador to the United States, Ebrahim Rasool, about the economic strength of the region, its challenges and the common cause South Africa shares with other countries.
Brief Summary
Ibrahim Rasul discusses South Africa's economy, foreign investment strategies, and the lasting impact of the 2010 World Cup.
Key points
- Resilience of South Africa's Economy. Ibrahim Rasul highlights how South Africa's economy has thrived post-global financial crisis, outperforming many OECD countries.
- The Burgeoning African Market. Rasul discusses the potential of Africa's emerging middle class as a key market for investment.
- Political Stability in Africa. Rasul notes the significant reduction in political risks across Africa, enhancing investment opportunities.
- Emerging Democracies and Inequality. Social disquiet and inequality pose significant risks for KET countries.
- Lessons from the 2010 World Cup. The World Cup served as a catalyst for infrastructure improvements in South Africa.
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Episode highlights
- Resilience of South Africa's EconomyIbrahim Rasul highlights how South Africa's economy has thrived post-global financial crisis, outperforming many OECD countries.“South Africa's economy has performed far better than many OECD countries.”1:26Aug 31, 2011
- The Burgeoning African MarketRasul discusses the potential of Africa's emerging middle class as a key market for investment.“Africa represents a last frontier of a market with a burgeoning middle class.”6:43Aug 31, 2011
- Political Stability in AfricaRasul notes the significant reduction in political risks across Africa, enhancing investment opportunities.“Political risk and risks of violence have reduced enormously.”15:28Aug 31, 2011
- Emerging Democracies and InequalitySocial disquiet and inequality pose significant risks for KET countries.“The biggest danger is social inequality.”23:35Aug 31, 2011
- Lessons from the 2010 World CupThe World Cup served as a catalyst for infrastructure improvements in South Africa.“2010 was the deadline for modernization.”29:42Aug 31, 2011
Tension
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