and political leaders are meeting this week in the South African
city of Cape Town to seek ways to boost American investment in Africa.
But summit delegates have heard that it is often China, and not
America, that is taking the lead. For VOA, Terry FitzPatrick reports.
Chinese are latecomers to Africa, but in recent years they have
tripled their African investments to a total of nearly $12 billion.
Princeton Lyman of the Council on Foreign Relations says 800 Chinese
companies are operating in Africa.
Africans are buying property abroad, but not many foreigners are
investing here. South Africa is missing out on investments because
of high interest rates, legislation and crime perceptions. A recent
global survey of 15 markets conducted by DTZ JP Morgan Asset Management
found South Africa only attracted 0.2 percent of global invested
stock worth 10-billion (R67-billion).
| Site map | Contacts
| ©2007 Moneyintheworld.net, property
of "AV-exim" company
using any content from site without permission is prohibited. Usually we let
to use our content, but must permit before