SA still has most subsidiaries in Africa but rivals catching up

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Harare – South African companies have the highest number of subsidiaries in the rest of Africa market, but competition is fast rising from Kenyan and Nigerian firms seeking to capitalise on sub-Saharan markets not yet saturated by rivals.

The International Monetary Fund (IMF), which has projected economic growth of 2.5% for sub-Saharan Africa this year, said in a report released on Tuesday that Nigerian firms are now also major investors in West Africa.

"Firms headquartered in South Africa own the most subsidiaries in other Sub Saharan African countries with over 2 400 subsidiaries (but) other regional hubs have also emerged. 

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