ANDREW LAYMAN CHIEF EXECUTIVE OFFICER, SOUTH AFRICA, DURBAN CHAMBER OF COMMERCE. AN EXCLUSIVE PRE-EVENT INTERVIEW

Fleming Gulf Conference presents the 2nd Annual OPEX Africa 2013 to be held on 10 – 11 April in Johannesburg.

ANDREW LAYMAN CHIEF EXECUTIVE OFFICER, SOUTH AFRICA
DURBAN CHAMBER OF COMMERCE

ANDREW LAYMAN SHARES HIS VIEW ON THE INVESTMENT SCENARIO IN AFRICA.

QUESTION 1 What do you think is the major scope or challenge for the Investments?

Andrew Layman

The drawbacks are political instability (even though there has been improvement), absence of infrastructure, corruption, red tape and a business regimen that requires a good deal more order and predictability.

QUESTION 2 How do you think the political and economical situation effects the scope of Investments in Africa?

Andrew Layman

What seems to have happened is that investors are more ready to take risk in terms of investments into Africa because of the high potential returns and, of course, the decline of appeal in investment in other continents.

QUESTION 3 What would be your suggestion for implementation for a better future for African Investments?

Andrew Layman

I think economic policies need to be more reasoned – some are a bit like the wild west at the moment – and based on long term benefit. Africa must control this scramble a lot more effectively.

QUESTION 4 According to you how would investments in the region help in economic growth of Africa?

Andrew Layman

There is a desperate need for FDI without which the infrastructure required will not be realised. However, investment from within the continent requires stimulation.
Growth from within is very important, I think.

QUESTION 5 Why do you think delegates should attend this conference?

Andrew Layman

I think it is necessary for people to get a realistic picture of Africa and its potential.

 

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