South Africa has ranked fifth among best African countries that offer the top investment performance . This is according to the Where to Invest in Africa 2024 Report compiled by Rand Merchant Bank.
The report looks at the economies of 31 African countries. The rankings take into consideration key factors that affect performance and investment appeal.
Egypt ranked first retaining its position from previous years followed by Nigeria and Ethiopia who moved up in the rankings.
While South Africas ranking dropped in the past six years, it is described as one of the most stable economies since the reports inception in 2011.
This is due to the size of the economy, diversification and connectivity.
