African Business
BCG told BusinessTech that its data showed that South Africa had 22,700 millionaire households in 2016, placing it 53rd out of 98 countries in its report.
African Business (AB): The current slump in growth across Africa has raised some concerns among investors. Do you share such concerns? If not, what should investors look to for reassurance?
Rich Lesser (RL): The IMF forecasts an average growth rate for Africa of lower than 5% through 2020, largely due to the dip in commodity prices and the economic slowdown in China. Yet, there are a number of countries that are growing above 6% per year in Africa and FDI continues to increase in those regions.
