Africa Business Blog

Graham Mackay, CEO, SABMiller: Business is Good for Africa

You have argued that business is fuelling growth in Africa. What do you base this argument on?

Since 2000, when The Economist ran an article entitled ‘Hopeless Africa’, the continent has confounded expectations; earlier this year, The Economist ran a story with the headline “a more hopeful continent” and the strapline “Africa is now one of the world’s fastest-growing regions”.

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Africa a Mecca for multinationals

Africa's burgeoning middle class and consequent increase in disposable income becoming increasingly attractive for yield-chasing multinational companies.
That ubiquitous McKinsey & Company report from two years ago which said Africa’s consumer spending would reach $1,4tn in 2020,

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Business opportunities for Africa

Africa, previously the poster child for poverty, famine, disease, decaying infrastructures, corruption, conflict, crime and brutal violence, is now a continent where wise investments can offer high rates of return, as the 54 different nations that inhabit it enjoy a prolonged spurt of economic growth.

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Vehicles Sales Surge in May

Pretoria — Vehicle sales surged in May, rising by 20.7% to 50 229 from 41 625 units in May 2011, the National Association of Automobile Manufacturers of South Africa (Naamsa) said.

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