SOUTH African companies that have expanded into the rest of Africa have largely “not done well”, finding regional market dynamics challenging, despite the allure of robust economic growth compared to South Africa’s.
This is according to Anthony Modisane, a senior equity sales trader at Absa Corporate and Investment Banking, in an interview with Business Report (BR) on Friday,
“The bulk of the SA Inc companies that ventured into the African regions have battled to adapt to the dynamic landscape, and subsequently reduced their presence where possible,” Modisane said.
Food retailers such as Pick n Pay and Shoprite, as well as financial services providers – including Standard Bank, Nedbank, FNB, Absa and Sanlam – are among South African companies with operations in some African markets.
However, the majority…
