South Africa

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The Bombela Consortium recently announced it had finalised negotiations with Rand Merchant Bank and Standard Bank of South Africa Limited to fund its $430m commitment to the Gautrain project.
President Hu Jintao of China made a visit to South Africa last week, pledging to increase imports from South Africa to narrow the trade gap between the two countries.
The South African Tourism group (SAT) recently signed a deal with BBC World to promote the country as a destination for international tourists.
Growth in demand for credit by South Africa's private sector slowed in December 2006, which has led some analysts to the conclusion that the central bank may not hike interest rates in February, as had been previously forecast.
Over the past 10 years, Durban has undergone extensive growth and rejuvenation efforts that have included the development of luxury resorts and the gentrification of beachfronts, raising the city's potential, as a premier tourist and investment destination.
In 2006, the World Bank ranking of best places to do business placed South Africa 29 out of 175 countries.

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