Investments in other African countries are starting to pay off handsomely for some South African companies, such as banks, which earned R5.1bn from operations on the rest of the continent in 2013, up 27.5% from the previous year, while return on equity beat that from local operations. According to consultancy, EY, earnings from the rest of Africa operations are growing much faster than here.
The big four banks’ Africa expansion strategies are at different stages, and will be
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