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TREND.Facts: Nov 20

TRENDAFRiCA November 20, 2012

Africa has eight countries with a higher GDP per capita than China and about 15 with a GDP higher than India. A recent survey confirms that 94% of South Africa’s CEOs expect growth from the rest of Africa this year. However, despite the progress made to expand into Africa by South African companies, they have been slow to realise the real and massive potential of the region – particularly its growing middle-class sector and its combined purchasing power, estimated by economists to exceed $1 trillion.

Source: Leftfield full-service advertising agency

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