It was a striking coincidence. On the same day in early July, two events were taking place on two continents that encapsulate the dilemma faced by South Africa’s top banks. In Durban, South African president Thabo Mbeki, was hosting the inauguration of the African Union (AU) – outlining a vision that proposes South Africa as the powerhouse for an economic renaissance of the African continent.
Despite the unsettling presence of Muammar Gaddafi and Robert Mugabe, African leaders were pledging themselves to a new era of governance, accountability and cooperation – using the AU and the New Partnership for African Development (Nepad) to launch a drive to bring prosperity and growth to a continent racked by poverty and misery.
Access intelligence that drives action
To unlock this research, enter your email to log in or enquire about access
