AFRICA GROUP NEWSLETTER

Wednesday, January 10, 2007
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South Africa has become the principal launching point for direct investment in other African countries, driven by transcontinental expansion by major parastatals and private corporations, including Eskom, Transnet, Spoornet, MTN, Vodacom and Standard Bank. [1] Foreign corporations also tend to use South African subsidiaries to venture into the rest of Africa – a notable example being the local subsidiary of Munich Re, the European insurance firm, now the largest South African investor in Mauritius

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