South Africa

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With global competition for foreign direct investment growing, a new import substitution scheme may likely be put in place in car manufacturing.
Boats are not normally the first thing people associate with South Africa – but over the last decade, South Africa has been busy building a niche industry that is proving truly world class.
South Africa’s President Thabo Mbeki has given some hope to the country’s beleaguered textile and clothing manufacturers.
The strength of the rand against the dollar has led South African mining companies to look for ways to cut dependence on their home country.
A recent announcement about low cost shack insurance plans for informal settlement dwellers has raised hopes that other financial services may soon follow suit.
As 2005 came to an end, an armada of rulers, ministers and aides arrived in the UAE to discuss the political and economic future of the Gulf Cooperation Council (GCC).

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