• Accoutable government

    Mandi Smallhorne says government should be taken to court for its wasteful expenditure.

  • Inside Labour

    Terry Bell explores the connection between poultry, poverty and desperation.

  • A new ANC sweeper?

    Have the Guptas' new auditors mastered how to look the other way on cue, asks Solly Moeng.

All data is delayed
Loading...
See More

Ford not that keen on Africa

Jun 29 2011 06:17
Reuters
Pretoria - Africa may be growing quickly, but it still offers fewer opportunities than more robust emerging markets such as China and India, the chief financial officer of US car maker Ford Motor said on Tuesday.

With an an average economic growth rate of 4%, Africa is seen as an increasingly attractive investment target for major multi-nationals.

But Ford's chief financial officer, Lewis Booth, who is currently on a visit to South Africa, said the African growth story may need some time.

"We are saying in Africa ... GDP per capita is still quite stressed. We are not expecting dramatic industry growth," Booth told reporters on a visit to Ford's plant in Pretoria.

Ford, which is working to increase sales by 50% by the 2015, is betting more on Asian countries such as China and India for growth, he said.

"In this decade the growth will be dominated by Asia-Pacific countries and perhaps Russia and Brazil.
 
ford  |  africa

 
 
 

Read Fin24’s Comments Policy

24.com publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
1 comment
Comments have been closed for this article.
 

Company Snapshot

We're talking about:

SMALL BUSINESS

Marketing is a big concern in SA's small business community, followed by a lack of confidence and partnering with the wrong people, according to a survey.
 

Money Clinic

Money Clinic
Do you have a question about your finances? We'll get an expert opinion.
Click here...

Voting Booth

The drop in inflation:

Previous results · Suggest a vote

Loading...