Business Live - South Africa stands to lose scarce skilled resources to other African countries as massive foreign direct investment projects get underway on the African continent, according to Landelahni Recruitment Group.
This is because many countries are more attractive than SA in terms of their regulatory environment. "South Africa needs to produce significantly more skilled resources as growing numbers begin working cross-border," according to Sandra Burmeister, CEO of Landelahni.
Since 2003, investment in Africa has exceeded that of other emerging countries - Ernst & Young forecasts that new African fixed direct investment (FDI) projects will reach US$150 billion by 2015, creating 350,000 new jobs per annum.
The financial services group expects Africa's GDP growth to average 5% through to 2015, and notes that countries which offered the most FDI opportunities include SA, Kenya, Nigeria, Ghana and Angola...Read More
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