SA excluded from growth focus

Freight and shipping
companies looking for
growth will be focusing
on Africa outside of South
Africa as the International
Monetary Fund (IMF)
World Economic Outlook
2014 report continues
to paint a rosy picture of
prospects in the rest of the
continent.
In sub-Saharan Africa,
growth is expected to
increase from 4.9% in 2013
to 5% in 2014–15.
Growth in South Africa is
projected to improve “only
modestly as the result of
stronger external demand,”
from 1.9% in 2013 to 2.3%
in 2014 it says.
South Africa suffered
“continued deceleration” of
the economy in 2013 due to
“tense industrial relations
in the mining sector, tight
electricity supply, anaemic
private investment, and
weak consumer and investor
confidence.”
Other African countries
expected to experience
strong growth include
Nigeria, Mali, the
Democratic Republic
of Congo, Niger and
Mozambique.