Corporate South Africa is leaving the country

Corporate South Africa is leaving the country

Beyond talk of trying to lure highly skilled foreigners into South Africa to take up positions that can’t be filled and other encouragements to the Proudly South African diaspora to return home, another emigration wave is gathering momentum.

Corporate South Africa is increasingly spreading its wings beyond our borders.

This is not to be confused with the international trend towards globalisation.

It is, caution economist Cees Bruggemans and political analyst Prof Willie Esterhuyse, linked to disenchantment with the ability of the government to adequately play its role in developing an environment that is conducive to doing business.

After waiting in vain for growth-oriented plans to be implemented, captains of industry are increasingly deciding to take their chances elsewhere. This will be to the benefit of citizens in other nations, caution the analysts…

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