Petro Dollars Pour Into SA

South Africa is attracting billions of rands in investment from oil-rich Middle Eastern countries that are shifting money away from the US and Europe – where they have been made to feel unwelcome.

Talal Jassim Al-Bahar, chairman and managing director of IFA Hotels & Resorts, said on a visit to South Africa this week that a lot of Middle Eastern investment was moving away from the US and Europe. “Africa is key,” he commented.