But this year South Africa has slipped to second, ceding its crown to Egypt. The third indicator we look at is the operating environment, and there we know that SA is still miles apart from Egypt. Unfortunately, we faced a recession last year, where Egypt grew by 3 – 4%, and we do know now that Egypt is the largest market in Africa. But again, Egypt is still a far cry from the top 5 best business environments, which include SA. If they’re risk averse, they don’t worry about the risks and perhaps take the rankings and look at Egypt rather than SA.

Source: Ethiopian News September 28, 2017 04:46 UTC