Europe sees great investment opportunities in SA – but is turned off by the ANC and Eskom
European companies wanting to invest in South Africa regard the country as more business-friendly than the likes of Malaysia, Brazil, and China.
The European Union is South Africa's largest source of foreign direct investment. More than 1,000 EU companies are active in South Africa, with participation outpacing business from the United States, United Kingdom, and China. It's estimated that these European companies directly employ around 350,000 South Africans.
South Africa's large market, the abundance of raw materials, good infrastructure, and cheap labour are rated most positive by potential investors. At the other end of the scale of issues making potential investors most hesitant are concerns around corruption, political instability, and unqualified labour.
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