Explore the Category
Ghana, situated in the west of Africa, is one of the fastest growing economies in Africa and considered a lucrative place to do business. This was emphasized at the Nedbank-NEPAD Business Forum entitled; 'Business opportunities in West Africa: Focus on Ghana', which highlighted the economic trajectory and investment opportunities for the private sector in Ghana.
Sanlam Multi Manager International (SMMI), in conjunction with S&P Dow Jones Indices, recently hosted a roundtable discussion to address the development of benchmarks in Africa. “This is an important step in creating appropriate measurement tools for investors across the African continent,” says Riad Daniels, portfolio manager at SMMI, a division of Sanlam Investments.
There are several reasons to be optimistic about Africa. According to a World Bank report, Sub-Saharan Africa’s annual Gross Domestic Product (GDP) growth is expected to reach 5.6 percent by the end of 2013 and perhaps 6 percent in 2014.
The key to finding a great investment manager is to focus on the 0.5% that differentiates them from the rest, rather than focusing on the 99.5% they will have in common with most other competent managers. As the global economic environment presents many challenges for investors, it is crucial for this decision to be made wisely.
The strongest deterrent against FSP compliance missteps is or should be: