• The mp3 revolution

    Ian Mann takes a look at the war between digital music and the compact disc.

  • Don't take us for fools

    It's time for businesses to stop thinking consumers are gullible, says Mandi Smallhorne.

  • Losing the plot

    Parastatal leaders have lost focus of what they're supposed to do, says Nonkululeko Gobodo.

All data is delayed
See More

Ford not that keen on Africa

Jun 29 2011 06:17
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:


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 25 basis points interest rate increase is:

Previous results · Suggest a vote