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Periodical article Periodical article Leiden University catalogue Leiden University catalogue WorldCat catalogue WorldCat
Title:South Africa and the New Partnership for Africa's Development: economic spin-offs and linkages
Authors:Akinboade, Oludele A.ISNI
Lalthapersad-Pillay, PinkyISNI
Periodical:South African Journal of Economics
Geographic terms:South Africa
Subjects:international economic relations
External link:https://onlinelibrary.wiley.com/doi/10.1111/j.1813-6982.2005.00016.x/pdf
Abstract:This article investigates the potential economic impact and business opportunities that NEPAD generates for South Africa. The article focuses on two aspects: how South Africa is contributing towards the realization of the stated goals of NEPAD, and the possible pay-offs that the NEPAD framework could hold for South African firms that are trading or investing in the continent. The recommendations made are intended to inform future economic and investment linkages with the rest of Africa. The article first discusses the socioeconomic profile of Africa and its business environment as background. Next, it discusses the origins and the goals of NEPAD, and also its strategic framework. This is followed by an examination of the trade-related and investment-related aspects of NEPAD. Explanations are offered as to why the rest of Africa and South Africa need each other. This is then linked to South Africa's involvement in the continent. Next, attention is paid to current and planned future investment initiatives that are of importance to the South African economy. Possible investment opportunities within the framework of NEPAD are highlighted. The paper concludes that the type of foreign direct investment (FDI) that has originated from South Africa bodes well for the rest of Africa and is an important avenue for achieving the aims of NEPAD. Bibliogr., notes, ref., sum. [ASC Leiden abstract]