Index Investing News
Wednesday, March 4, 2026
No Result
View All Result
  • Login
  • Home
  • World
  • Investing
  • Financial
  • Economy
  • Markets
  • Stocks
  • Crypto
  • Property
  • Sport
  • Entertainment
  • Opinion
  • Home
  • World
  • Investing
  • Financial
  • Economy
  • Markets
  • Stocks
  • Crypto
  • Property
  • Sport
  • Entertainment
  • Opinion
No Result
View All Result
Index Investing News
No Result
View All Result

It has become uncomfortable to sit among fellow Africans

by Index Investing News
October 16, 2023
in Opinion
Reading Time: 5 mins read
A A
0
Home Opinion
Share on FacebookShare on Twitter



It has become uncomfortable to sit among fellow Africans

It has become a bit embarrassing to sit among other Africans, as a South African, and we have our leaders to blame.

It was a small glitch in two days of faultless organisation for the Turkey Africa Economic Development Forum in Istanbul that saw me climb into the back of a black van, along with five other Africans, that would drive us to the conference centre.

We had stood outside the hotel waiting for a bus, but after about 40 minutes, the driver of a van parked in the car park was corralled and he agreed to drive us to the conference centre.

We were so eager to get the first of the two-day event under way. For me, it was an opportunity to explore the growing business and investment scene in Africa in an environment where global investment and donor capital has become increasingly scarce due to low growth, high interest rates and sovereign debt overhangs.

For the other conference delegates, it was an opportunity to expand, drive sales, meet new partners in business and perhaps attract additional investment.

For many African countries, including South Africa, Turkey, who is a trusted and long-standing trading partner, helped in no small measure in that it has never been a coloniser.

As we set off in the van, somebody complained about the bus being late, there was a congratulations for taking the initiative to get a ride. It broke the ice.

We introduced ourselves. Sitting with me was a Zimbabwean, a Kenyan, a Somalian and a Nigerian, and all were in business in one way or another. They were very interested in the fact that I was South African.

The Somalian, the more outspoken among us, immediately asked if I was British or European, to which I replied that I was indeed South African, just an English-speaking version of it.

“So you can’t say anything in your country any longer because you are a coloniser,” he said. There were chuckles all around. I thought only the deeply cynical in South Africa thought this way, but I decided to let the conversation move on without rebuttal, as it may also have been a lopsided joke.

“You have a leader who is a successful businessman, a multi-millionaire, he has no excuse for not being able to do his job. All he had to do was do something right for his people for five years and then retire. We had high hopes. The whole world is watching. South Africa was a rich country. They are saying oh no, no not another African story,” the Somalian quipped again.

Trying to dodge the subject again, I reply “yes, our economy is struggling, but much of it has to do with outside factors like high oil prices, a weak currency, low international growth that is hurting the economy.”

I could see by their averted eyes they were not convinced, but none of us wanted to speak more openly of it. After all, were were on a mission to stimulate trade and build investment confidence in Africa.

And while we were African, we were strangers on foreign soil, where it is typically prudent to see the glass as half full rather than empty when it comes to one’s home country.

I was asked who I thought would win the next election. I had no idea. I don’t think anybody has. The margins of difference at the polls between the major parties are at all-time lows.

I wished there was a strong contender with good policies that could grow the economy, something fitting to tell the other African delegates at the conference. I compromised again.

“I expect the ANC will win again, because no other party that can claim a majority black support,” I reply. It is a half-truth based in part on a lie often stated by other parties, that the DA is a party for whites.

But I feel this is too complex to explain to my new friends who likely have only a basic knowledge of South Africa’s local political issues.

I also did not tell them about the negative impact on investment and business of the political uncertainty of the split vote.

I tell them that I hope that the EFF does not come to power, because the few plans it has announced, like nationalising the banks, border on lunacy and will destroy business in the country.

The Nigerian tells us that the EFF is big only on social media, and well-meaning South Africans won’t vote them into power. Things are looking up in Africa, there is hope, he says.

The Somalian says his business does not operate on hope and “I tell it as I see it”. He cites the recent coups in Mali, Niger and Burkina Faso, and conflicts in South Sudan, Ethiopia, Mozambique and Democratic Republic of Congo, how tough it is for him to do business in many African countries compared with trading in Europe where the rule of trading are clear for everyone. and where the rules of investment do not change after every election.

“We need to built strong bureaucracies,” I say.

“Our leaders are to blame, they cannot claim ignorance. Your leader had the means to hire the best minds in the world to fix your economy,” the Nigerian says.

I cannot argue the point, I remain silent.

“Our people who live in your country, they are there for only one reason and that is to do business. They are treated very badly,” the Somalian says. I realise the Somalian is also being diplomatic.

Both he and I know that Somalian business owners often fear for their lives in South Africa.

I can find no defence for xenophobia. I nod, and look down in silence.

“I heard South Africa now has many problems with electricity. I would never have imagined this. South Africa was once an advanced economy,” the Nigerian says.

There is a general rolling of eyes and throat clearing, as if they sense my discomfort. Thankfully the van draws up in front of the conference centre.

“Do you have an idea what you will write about at this conference,” the Zimbabwean asks?

“He already has his story,” the Somalian says.

Edward West is a senior reporter and night editor at Business Report.

BUSINESS REPORT



Source link

Tags: AfricansamongFellowSituncomfortable
ShareTweetShareShare
Previous Post

Brookfield Infrastructure Has Tumbled – What Is Next (NYSE:BIP)

Next Post

Alexandra Hudson on the Soul of Civility

Related Posts

Why India’s semiconductor story is a work in progress

Why India’s semiconductor story is a work in progress

by Index Investing News
February 27, 2026
0

India formally joined the Pax Silica grouping on February 20. India is deeply embedded in the design segment of the...

The significance of India’s role in AI diffusion took centre stage at the New Delhi summit

The significance of India’s role in AI diffusion took centre stage at the New Delhi summit

by Index Investing News
February 24, 2026
0

Unlike Bletchley Park, Bharat Mandapam was not only much larger and more crowded, the mood was also markedly more upbeat....

An UNBELIEVABLY Dark Agenda (Video) – FREEDOMBUNKER

An UNBELIEVABLY Dark Agenda (Video) – FREEDOMBUNKER

by Index Investing News
February 20, 2026
0

Child sex trafficker Jeffrey Epstein worked with the highest academics in the world to explore transhumanism, “designer babies,” eugenics, genetic...

Trump wouldn’t survive an HR review –
Las Vegas Sun News

Trump wouldn’t survive an HR review – Las Vegas Sun News

by Index Investing News
February 16, 2026
0

Monday, Feb. 16, 2026 | 2 a.m. I can’t recall another time when my grown kids have called their mom...

Africa’s agricultural future depends on using global research better — not reinventing it

Africa’s agricultural future depends on using global research better — not reinventing it

by Index Investing News
February 12, 2026
0

South Africa and the rest of the African continent face a familiar paradox. Agriculture remains central to food security, employment...

Next Post
Alexandra Hudson on the Soul of Civility

Alexandra Hudson on the Soul of Civility

Majority Of Americans Support Israel, But New Poll Reveals Generational Divide

Majority Of Americans Support Israel, But New Poll Reveals Generational Divide

RECOMMENDED

Man United “keen” on signing Malo Gusto

Man United “keen” on signing Malo Gusto

January 9, 2023
Manu Joseph: What promoters of exhausting work don’t get about employees

Manu Joseph: What promoters of exhausting work don’t get about employees

March 9, 2025
I think 2023 will be my last year – Sir Mo Farah confirmed for London Marathon

I think 2023 will be my last year – Sir Mo Farah confirmed for London Marathon

January 31, 2023
46 Trillion Dollars In Financial Wealth Has Already Been Lost During The Great Global Market Crash Of 2022 – Investment Watch

46 Trillion Dollars In Financial Wealth Has Already Been Lost During The Great Global Market Crash Of 2022 – Investment Watch

October 4, 2022
Is right this moment’s Opposition robust sufficient to tackle the BJP?

Is right this moment’s Opposition robust sufficient to tackle the BJP?

July 4, 2022
How Many ‘Wake-Up Calls’ Will it Take for US to Counter China Cyberattacks?

How Many ‘Wake-Up Calls’ Will it Take for US to Counter China Cyberattacks?

January 4, 2025
Behind the two mining pools controlling 51% of the global hash rate

Behind the two mining pools controlling 51% of the global hash rate

January 2, 2023
GenAI’s ability to hallucinate may turn out helpful if we use these tools well

GenAI’s ability to hallucinate may turn out helpful if we use these tools well

February 16, 2024
Index Investing News

Get the latest news and follow the coverage of Investing, World News, Stocks, Market Analysis, Business & Financial News, and more from the top trusted sources.

  • 1717575246.7
  • Browse the latest news about investing and more
  • Contact us
  • Cookie Privacy Policy
  • Disclaimer
  • DMCA
  • Privacy Policy
  • Terms and Conditions
  • xtw18387b488

Copyright © 2022 - Index Investing News.
Index Investing News is not responsible for the content of external sites.

No Result
View All Result
  • Home
  • World
  • Investing
  • Financial
  • Economy
  • Markets
  • Stocks
  • Crypto
  • Property
  • Sport
  • Entertainment
  • Opinion

Copyright © 2022 - Index Investing News.
Index Investing News is not responsible for the content of external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In