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Johannesburg - South Africa is one of the core emerging markets for global investment and occupies fourth place on a list of rankings compiled by UK Trade & Investment (UKTI).
The top destinations in emerging markets for foreign investments in the next five years, excluding Brazil, Russia, India and China (Bric), Vietnam, the United Arab Emirates, Mexico, South Africa and Malaysia. South Africa's position improved from eighth in 2008 to fourth this year, largely thanks to the devastating impact of the recession on Central and Eastern Europe.
In last year's UKTI report, which is put together in collaboration with the Economist Intelligence Unit, the Ukraine and Poland took fourth and seventh positions respectively, but those countries fell back to a joint 15th place this year. Other countries on the top 10 list for investment destinations are Indonesia, Singapore, Turkey, the Philippines and Saudi Arabia.
As a result of the global economic crisis and is direct foreign investment will decline by 45.1% to $923.3bn this year. Of this, flows to developed countries will fall by 51.1% to $447.8bn, while developing markets will attract $475.5bn, 38% less than in 2008, according to the Economist Intelligence Unit.
- Sake24.com
For more business news in Afrikaans, go to Sake24.com.
