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Business in Africa has never been better due to a slew of new investment opportunities on the continent, and companies around the globe are eyeing Africa as an attractive prospect to grow their businesses into new markets. In fact, a report by Deloitte revealed that the African economy is expected to grow by 7.7 per cent annually, between 2014 and 2019, roughly double the rate of advanced economies.
Government needs to take bold and rapid action to extricate the country from the economic quagmire in which it finds itself. The local economy is struggling to generate the growth needed to address high unemployment and inequality, as well as arrest the declining productivity that has eroded the country's global competitiveness.