Africa providing consistent and robust rates of growth
Of all emerging higher-growth economies, Africa was expected to provide the “most consistent and robust rates” of growth over the next 10 to 15 years, assurance, tax, transaction and advisory services company Ernst & Young has argued.
The group indicated that developing markets could grow by as much as four percentage points higher than developed economies.
In 2011, more than 15 African economies registered growth rates higher than 5%, despite a slow recovery from the global recession.
“Africa’s growth momentum and potential is undeniable,” said Ernst & Young Africa business centre leader Michael Lalor, as the firm launched its latest thought leadership piece, entitled ‘Doing business in Africa: from strategy to execution’.
He notes that the question has shifted from whether to have an Africawide strategy and its content to how to execute a strategy “in ways that unlock value, adjust to change, and safeguard assets and investments.
“Such performances and projections are now fairly familiar, explaining the considerable inter- est that firms and financiers – both within Africa and around the world – have shown in developing strategies to tap into Africa’s growth story and potential.”
However, conditions on the continent would continue to test even the best-laid corporate strategies for growth in Africa, stated Lalor.
Ernst & Young said it had identified five macrofactors, or the ‘5 Ps’ framework, comprising perspectives, planning, places, partnerships and people, which, combined, would maxi- mise strategic opportunities and minimise strategic risks when doing business in and between African countries.
Article Enquiry
Email Article
Save Article
Feedback
To advertise email advertising@creamermedia.co.za or click here
Research Reports
Projects
Latest Multimedia
Latest News
Showroom
Established in 1983, the ASTPM is an industry association and representative body of the welded carbon steel tube and pipe manufacturers of South...
VISIT SHOWROOM
CSIR International Convention Centre (CSIR ICC) - the leading conference and events venue in Pretoria/Tshwane.
VISIT SHOWROOM
Announcements
What's On
Subscribe to improve your user experience...
Option 1 (equivalent of R125 a month):
Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format
Option 2 (equivalent of R375 a month):
All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors
including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.
Already a subscriber?
Forgotten your password?
Receive weekly copy of Creamer Media's Engineering News & Mining Weekly magazine (print copy for those in South Africa and e-magazine for those outside of South Africa)
➕
Recieve daily email newsletters
➕
Access to full search results
➕
Access archive of magazine back copies
➕
Access to Projects in Progress
➕
Access to ONE Research Report of your choice in PDF format
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation
