While the journey ahead will not be easy, SA is seen by the US as a country on the rise, writes Scott Eisner
The story of US investment in Africa is often overshadowed by the large sums of foreign capital arriving from China, the EU, and Turkey. We hear billion-dollar figures being tossed around, but it is hard to pinpoint who, exactly, is benefiting from these large investments.
Today, more than 600 US companies are investing in SA, generating more than 10% of the country’s GDP. The US Chamber of Commerce, representing the interests of more than 3-million companies, is taking up this call through the revitalisation of its US-SA Business Council. As a long-term commitment by the business community, the goals of the council are three-tiered: to enrich investment and trade between the US and SA; to serve as a platform for commercial engagement at the most senior levels of business and government; and to enhance investment across Southern Africa.
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